Business

The local market made a move to new highs after spending some time in a sideways pattern and we bought 5 ASX200 cfd’s near the close on Monday. The first target level is just over 5,800. Markets around the world are becoming more positive as economies slowly re-open. The thing is it could be some time before economic activity is at pre-Covid levels and Charlie reckons the markets may be a bit optimistic. Still we will keep trading the prevailing trend and keep an eye out for any storms that may be coming. Our more speculative play in Flight Centre […]

The local market continues the sideways shuffle. The price of oil is trading in a tight range at the moment. What will happen this time at the end of the contract month? Late last month led to big declines with the costs of storage pushing prices lower. Two of our gold stocks Silver Lake and Evolution are close to previous tops with the MACD indicator recording some divergence with lower readings. We sold down a quarter of our position today and banked some profits. Macquarie Group made a nice move above resistance. Flexigroup moved out of a nice consolidation pattern […]