The NASDAQ 100 All Stars model closed up +2.58% on the week. The NASDAQ closed up +1.34%. The model leads the QQQ by about 7% year-to-date.
Nvidia (NVDA) continued higher putting in a new intra-day high on Wednesday. Baidu Inc (BIDU) closed the week marginally higher, holding the lower post-earnings announcement levels. PayPal Holdings Inc (PYPL) put in another new high and is getting closer to our first target. Micron Technology Inc (MU) finally broke positively out of its October trading range. Align Technology, Inc (ALGN) is our new position. It was recently added to the NASSAQ 100.
The SPY continues its strength, putting in a new all-time high close on Friday. The jobs report was positive and fell in the middle of the predicted range.
For daily performance updates of the model positions and top 25 ranking stocks see the Model Portfolio section of the member area. If there are any changes to positions from stops or targets being reached, we’ll email you.
Below you’ll find your summary of weekly and longer-term performance with news highlights and price action analysis for each of the positions.
You’ll notice the weekly position summary tables include unique gauges. These gauges will give you a quick read on the strength of the stocks trend and how the trade is progressing. For more information on how to interpret and use these new gauges you can review two quick tutorials in the FAQ section of your member area here. You’ll also find the tutorials for the gauges in the “How to Use the Model” section of the member area
The Current Condition of the Model
For more information about the current and closed positions go to the Model Portfolio section of your NASDAQ 100 All Stars member area.
Best wishes for your trading,
James Kimball, Trader & Analyst
