Week 10 - Preview

What a week! Markets jumped further up this week, recording a gain of +5.98% (CAD +4.64%) for the portfolio.
The highlight of the week was the jump of C (+12.15%) and the LEAPS calls that I have on it. I would have hoped that the rally on C would continue next week, but unfortunately it ended with a sell-off on Friday losing more than 5% for the day.
The Financials bounced upwards (MS +4.36%, C +2.94%) following the major indexes (SPY +3.16%). Shipping again ended up for the week with TBSI (+5.64%), FRO (+8.12%), and NAT +4.07%). Utilities and Resources were mixed: VALE (-2.56%), VLO (+4.34%), TCK-B.TO (-1.82%), FM.TO (+2.33%).
TNH recovered some of the losses of last wee, gaining +4.87%, and GMCR continued its climb towards the $100, closing at $92.65 (+4.72%).
The Canadian dollar continues its climb towards the parity with USD (closing and Friday at USD 0.9827), affecting so the USD side of the portfolio or the 67% of it. I expect the CAD reach parity on early summer and will continue through it before the Bank of Canada making a move. In order to hedge against this, I further raised the CAD allocation by taking positions in the following Canadian assets: PVE-UN.TO, PGF-UN.TO, PWT-UN.TO, BVF.TO.
The YTD performance at the end of the week is +11.26% (+8.15 in CAD).