The NASDAQ 100 All Stars model closed a strong week, up +3.26%, far surpassing the benchmark, the QQQ which closed up +0.83%. The model still leads the QQQ by 5% year-to-date.
The model this week had strong performance in general with some explosive upward moves in FAST, WYNN, and NVDA. Fastenal (FAST) continued its upward trend with a nice move higher on Thursday. Wynn Resorts (WYNN) after some consolidation around the 10 DMA gapped up strongly on Friday. NVidia (NVDA) also ended the week with a strong upward move. Facebook (FB) started the week higher and then retreated from the 112 level to end the week but still positioned positively relative to the 10 DMA. Mattel (MAT) lagged this week as it dipped below the 10 DMA was but was able to retake it by Friday and continue to consolidate.
The SPY put in a strong week continuing its recent bullish trend off the heels of accommodative policies and statements from both the EU and the Federal Reserve (which pared back its projected 4 rate increase down to 2). The SPY closed strongly above its 200 DMA, however, it is now just getting back into the primary resistance area that dominated 2015.
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
All five of our positions currently have a “Hold” rating.
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
