Portfolio A1 rallied vigorously last week and now leads the benchmark SPX by 1.7%. Four of the five holdings (all but NTY) are within 3% of their 52 week highs, with
There are no changes to the portfolio for the coming week.
Though I am still not sure of the significance, the equity curve continues to strongly resemble a duck, although as portfolio performance improves I am ever hopeful that we can fly out of range of Dick Cheney.
(On a distantly related note, I am pleased to report that I have moved in to the top 5,000 at the CNBC Million Dollar Portfolio Challenge. I am currently in the top 2% of all contestants for this challenge, using a discretionary trading system that has recently made strong gains in natural gas and copper. My goal is to be comfortably in the top 1% and taking a run at the money when the contest ends on May 14. I will pass along any news of interest as it develops.)
Portfolio details for Portfolio A1 are as follows: