The NASDAQ 100 All Stars model was up a +2.27% on the week, which crushed the benchmark which was down -0.35% over that same period. The model now leads the QQQ by over 4% on the year.
AVGO put in a bid to buy Broadcom this week. The stock skyrocketed on this news and helped push all of our semiconductor and related technology stocks up. EA closed the week down half a percent. MNST also closed negative on the week and we will be exiting this position on Monday.
The model is issuing the following trading alert for June:
- Sell MNST at the market on the open 6/1/15
- Buy ALTR at the market on the open 6/1/15
We had our monthly live coaching to discuss the changes for the month last Friday. This recording is posted in the Monthly Webinars section of the member area.
The QQQ’s were down -0.35% on the week, however, they are still closing near their all-time highs they put in in April. The SPY gapped down on Tuesday and tracked sideways for the week. DIA had a similar week closing lower right on the 50 DMA. IWM remains off its recent highs and now 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 2 percent. There are no earnings reports for our holdings in the next week. We have one position change for June.
The model is issuing the following trading alert for June:
- Sell MNST at the market on the open 6/1/15
- Buy ALTR at the market on the open 6/1/15
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
