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The market’s apparent recovery gathered some pace early this week, the FTSE 100 breaking back through the psychologically important 6,000 barrier. Too early to say whether the bulls are here to stay, but unfortunately some trades in our short-biased portfolio have slipped out of it.

The most disappointing was perhaps oil exploration firm Cairn Energy (CNE), which is struggling to get its Indian project together. However, investors seem to have faith in it. The shares added 5.22% in a week and we were stopped out.

Still, there were some positive surprises and we did chalk up good gains. Our Aim play on Solar Integrated Technologies (SIT:AIM) gained 4.86% in only a week as the shares traded at 94.5p. We bought the solar energy company after positive results that showed its supply issues had been resolved, and we’re all the more proud of our gains given the greater risk factor attached to Aim stocks, especially in the current environment.

Our long position in oil giant BP (BP.), which we opened on 27 March, is also doing well at 535.5p, returning us just shy of 7%, thanks to high oil prices.

Last but not least, last week we highlighted our long position in Charter (CHTR) as one of our best plays, and the engineer is still returning us 9.33% at 867.5p.