Index Winners & Losers (Update)

Many of you may recall that back on March 21st, I created two portfolios in order to test a theory.

One portfolio would hold 20 of the best performers over the past 90 days in the S&P 500, Dow, Nasdaq, and Russell 2000 (five top performing stocks from each index). The other portfolio would hold 20 of the worst performers over the past 90 days in the Dow, S&P 500, Nasdaq, and Russell 2000 (five worst performing stocks from each index). So, how are these portfolios performing so far now that three months have passed?

With today's close, the index winners are definitely outperforming by a wide margin:

I'm sure you have seen this popular quote by William O'Neil - "It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower." So far, O'Neil would appreciate these results.