Up about 1% this week...

I am up about 1% this week, to a total YTD return of 11.07%, compared to the YTD return of the TSX of 5%, so I am still doing well.  I was up higher during the week but closed the week with a down day on Friday.


I am currently 77% invested in stocks and ETF's, with the rest in cash.  I am currently into precious metals - HBU, HZU, and MTO, and some energy - TBE and TLM.  I am also in EMA, XSR, BA, HFU, and TCM.  All of these are above the 50-day moving average line except for XSR and TLM.


For XSR and TLM, it looked to me that they were hitting a multiple-bottom, which generally shows support for the stock price.  I saw the XSR support around 8.30 so I purchased it at 8.50 recently and it closed Friday at 8.99 (right at the 50-day MA).  TLM's support looks to be around 11.00 so it if drops much from here I will simply dump it.


There are many stocks that I follow that are just newly above the 50-day MA line that I am looking to purchase on Monday - DWI, MFC, PGF, QBR.B, RUS, SNC, SU, TCW, and TGL.  Many of these stocks are great blue chip Canadian companies, but I am not sure which ones (if any) that I will purchase on Monday.  Having so many stocks with buy signals Monday is exactly the reason why I always try to have some cash ready to invest.


As March goes on, precious metals typically weaken so I have stop losses in on those securities - the exception to this could be if there are external forces (like Ukraine) that affect gold.  The gain that gold got this past Thursday was given back on Friday, so it is pretty volatile.


I still think that there is a correction coming, since valuations are getting very high, especially in the US.  That said, I don't invest on speculation and I follow the 50-day MA line.


I am doing well so far this year, so I will continue to follow my rules.