The Biden/vaccine led share market rally continued this week to see the XAO up 3.4% and inching closer to my target of 6,800.
With a number of my trades climbing this week my portfolio saw an overall increase in value of 10.0% - something I don’t ever remember achieving previously. Several trades hit or neared targets and were sold – SVY, LOV, FBU, PLS and WTC. Shares purchased included SGM, MQG, GEM, BKL and BPT plus top ups in MVP, COH and PAR.
Best performers were M7T (20.2%), SGM (11.5%), MVP (12%), FBU (22.1%), WTC 12.1%, LOV (11.8%) and SVY (11.7%). The worst performer was FPH (-5.7%)
With many stocks moving up in this bullish week a number of my Stocks to Watch have run their race, had their pockets emptied and removed from that list. There have only a few new additions to the Stocks to Watch page, including CBA. I’m not a fan of trading banks but CBA looks good if it can get above $76.