BetaShares Geared Australian Equity Fund (GEAR) $32.77

We added the GEAR ETF at $32.18 on Monday before the ASX200 reversed strongly higher, but unfortunately, the market’s sharp 120-point reversal over the last 48 hours has left us uncertain, and we believe caution is now the better form of valour.

• We plan to scratch for a +2% gain on this position this morning, ~$32.70, after the market’s lacklustre breakout on the upside.