The NASDAQ 100 All Stars model was up a robust +2.20% on the week, which beatthe benchmark by over 1%. This puts the the model back ahead of the QQQs on the year.
Gains in NFLX and AVGO were primarily news driven with Netflix announcing it is in talks to enter the Chinese market and reports surfacing that Avago is looking at potential acquisitions. It was also nice to see MNST reclaim some of its ground from the earnings report last week. The QQQ’s closed up +0.82% on the week.
The QQQ’s were up a little shy of 1% on the week, closing near their all-time highs. Not to be out-done, the SPY put in a new-high close on Friday. DIA also closed strong near its highs. IWM remains off its recent highs and just under its 50 DMA.
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 beat out the benchmark this week by over 1% and is now back ahead of the QQQs on the year. There are no earnings reports for our holdings until AVGO reports towards the end of May. All five of our holdings are in the “green” and 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
