The QQQ’s put in a very strong week, closing positive on four of the five days, including a large gap up on Friday thanks to a few great earnings reports from the likes of Amazon. The index also put in a new all-time high, surpassing its tech-bubble high dating back 15 years ago. The SPY, DIA, and IWM had similar positive weeks closing near their respective highs.
The NASDAQ 100 All Stars model was up +1.08% this week. Until Friday, the model was beating the benchmark on the week. The QQQ’s closed up an impressive +4.24%. A disappointing sell-off in our two semiconductor stocks, AVGO and NXPI, on Friday partially off-set impressive gains our other three holdings. NXPI has a “buy” rating and reports earnings on Wednesday, 4/29/15 after the market. The model will hold this position through the earnings report.
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.
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
The model saw significant gains in EA, MNST, and DLTR, all up an average of 4.3%.
However, a rough selloff in Semiconductors on Friday left AVGO and NXPI down on the week. NXPI has a “buy” rating. NXPI reports earnings on Wednesday 4/29/15 after the market. The model will hold this position through earnings.
For more information about the current and closed positions go to the Model Portfolio section of your NASDAQ 100 All Stars member area.
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
MarketGauge
