Week 9 - Preview

Great week. Markets moved upwards on good news from jobs report, with a bounce of +5.14 (CAD +2.85%).
Early on the week I took a position on BAC. The Financials bounced upwards (MS +4.36%, C +2.94%) following the major indexes (SPY +3.16%).
Shipping continued the move upward with TBSI (+9.08%) and FRO (+5.12%), while NAT having very little action, closing the week with a minor loss of -1.13%.
Utilities and Resources bounced back, trimming most of the previous losses VALE (+11.08%), VLO (+10.69%), TCK-B.TO (+8.10%), FM.TO (+4.82%).
TNH had a horrible week, recording a drop of -12.58%. This was due to the news on a hostile takeover from CF Industries on Terra Industries to which TNH is a subsidiary.
The YTD performance at the end of the week is +5.30% (+3.47 in CAD).