Down 0.9% this week, on market fluctuations due to the Ukraine and China data

I was down 0.9% last week, as my holdings did pretty well, and my loss was due to a bad bet on the price of natural gas.  I bought HNU just above the 50-day moving average betting that it would bounce off it but it went down through it.  As per my rules, I sold the HNU once I saw that it was below the 50-day MA.


My YTD return is 10.16%, compared to 4.4% for the TSX 60, so I am still doing well for the year.  I am currently 67.6% invested right now, with the rest in cash, waiting to deploy.  My holdings include precious metals (HBU, HZU, and MTO), other resources (TBE, TLM), and EMA, BA, XSR, and ZEB. 


MTO (that I have written about in previous posts) had an especially good week, as they announced that they had expanded their main resource at their Bachelor mine, by perhaps as much as 33%.  We are still waiting for MTO to announce the drill results at their Barry mine, which could push the share price up further.


Both TLM and XSR are below their 50-day MA's but near levels of support, so I still hold them but I will sell them quickly if they drop much more.  BA and TBE are both right at their 50-day MA's, so I may have to sell them soon as well if they drop.


There are many new buys as of Friday, including HOU, HVU, ERF, PDN (that I sold recently), QBR.B, RUS, and SPM.  I am also looking at HGU, which has been doing well lately but it still well below recent highs.


For Monday, I want to see how the Russia / Ukraine referendum issue is working out before I decide to deploy more money or sell some securities.  Of the buys, I am most likely to purchase HGU, HOU, HVU, ERF, and QBR.B.


I am still doing pretty well for this year but the Ukraine uncertainty and the fact that the US markets might be overbought both point to a possible correction in the next few months.  That said, March and April are often the last couple of months to make money before the "Sell in May and go away" axiom kicks in.