The NASDAQ 100 All Stars model was up a +1.27% on the week, which beat the benchmark by almost half a percent. The model now leads the QQQ by 1.34% on the year.
Once again we had news based gains in a few of our holdings. AVGO, NXPI, andNFLX were all the beneficiaries of analyst upgrades. Meanwhile, EA was mostly sideways and MNST slumped back towards the bottom of its post-earnings trading range.
The QQQ’s were up +0.81 on the week, closing near their all-time highs they put in in April. The SPY put in a new-high close on Thursday and ended the week towards the middle of its weekly trading range. DIA had a similar week, making new highs on Tuesday and Wednesday. IWM remains off its recent highs and now just over its 50 DMA.
Next Friday, we will be having our live coaching to discuss position changes for June.
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 around half a percent. There are no earnings reports for our holdings until AVGO reports on the 28th next week. All five of our holdings are in the “green” and have a “hold” rating.
Next Friday, we will be having our live coaching to discuss position changes for June.
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
