Our Twitter Top 10 portfolio recovered a bit over the past week in spite of Celsion (CLSN) which is now down nearly 37% on the month (don’t say we didn’t warn you). The overall portfolio is down 7.45% from the first Friday of June and up 17.4% from the first Friday of the year. Below is a performance chart and details of the stocks currently in the portfolio. Note: Prices are from roughly 1:00 Eastern on 6/28. Start Date Symbol Shares Start Price Start Total End Price End Total % Gain / Loss 6/7/2013 $BAC 940 13.38 12577.20 12.95 12173.00 -3.21% $GS 75 166.01 12450.75 151.79 11384.25 -8.57% $F 903 15.73 14204.19 15.6 14086.80 -0.83% $CSCO 513 24.49 12563.37 24.54 12589.02 0.20% $C 243 51.6 12538.80 48.1 11688.30 -6.78% $KORS 200 62.69 12538.00 61.79 12358.00 -1.44% $CLSN 7491 1.68 12584.88 1.06 7940.46 -36.90% $BIDU 122 102.67 12525.74 94.44 11521.68 -8.02% $HD 159 78.74 12519.66 77.24 12281.16 -1.91% $HOT 173 69.17 11966.41 63.52 10988.96 -8.17% Cash 392.5 392.5 Totals 126861.50 117404.1
Micron Technology (MU) and Advanced Micro Devices (AMD) are showing strong sentiment readings on Twitter and moving up on the most bullish list of stocks on Twitter. Cisco (CSCO) and Cree (CREE) are a couple of other technology stocks showing high bullish sentiment, while the rest of the list comes from a wide variety of sectors. This speaks to the broad participation of stocks during rallies this year. We’ll be watching for continued strength across many sectors for indications of a sustainable rally out of the current lows. Below are charts of the bullish intensity scores for the most bullish stocks on Twitter for the week and month ending 6/25/13.
Apple (AAPL) made it back onto the most bearish list of stocks on Twitter. But the overall tone shows weakness in the world economy with symbols like EWZ, EEM, GLD, and XLY. Below are charts of the most bearish stocks on Twitter for the week and month ending 6/25/13.
The current consolidation in the market is causing more stocks to warn or show negative chart and sentiment patterns. In addition, more are showing up with sentiment readings that don’t give a clear indication of the stock’s current status. However, we still have 62% of the 50 most active stocks with positive chart and sentiment readings. The stocks that show negative patterns are roughly the same number as what we saw during the first of May during the first part of the current consolidation. This is somewhat encouraging for the bulls since the market is quite a bit lower, but chart patterns aren’t breaking down and sentiment isn’t showing a build in extreme bearishness either. Below is a chart of the status of the 50 most active stocks. In addition, there are charts showing the intensity scores for the most active stocks for the week and month ending 6/25/13.
We’re seeing more of the same this week…other than the obvious 2% fall in price. Perception of risk continues to rise, but market internals and our core market health indicators remain fairly positive. Our largest concern is once again our market risk indicator. It signaled during the week, however, the positive price action late in the day on Friday cleared the warning condition. Because our core portfolios are designed for intermediate to long term allocations we require a weekly signal before changing any positions. As a result, our portfolio allocations remain the same. We suspect that we’ll be hedging and raising cash if the market continues to fall into late next week. Our second major concern is the action of bonds and interest rates over the past month. Bonds have been falling with stocks recently which doesn’t bode well for financial markets as a whole. When stocks and bonds move somewhat opposite it reflects rotation between the two asset classes. The past year is a good example where enough money
Our core market health indicators moved slightly higher this week even though the market fell. This signals that the current correction is most likely healthy, rather than the start of a long term down trend. The only fly in the ointment is our market risk indicator. It signaled intra-day a couple of times this week, but it doesn’t appear that it will close the week on a warning signal. Bottom line we still have a battle brewing between rising perception of risk (bearish) against healthy underlying conditions in the market. This battle is occurring while the market is right next to an important support/resistance level. At the time of this writing (3:30 Eastern) the S&P 500 Index (SPX) is rallying into the close and is at about 1597. We’d like to see it close the day above 1600 as that is one of our major support levels generated from the Twitter stream. Our portfolios will remain with the same allocations since we didn’t get a signal from market risk (or
As the market corrects the Twitter Top 10 Portfolio is correcting at a faster rate. The under performance is almost across the board with only Cisco Systems (CSCO) holding up. The portfolio is down 8.3% from the first Friday of June, but still up 16.3% from the first Friday of the year. This is in contrast to the S&P 500 index being up 8.4% from the same date. One note to the portfolio is that we warned against Baidu (BIDU) and Celsion (CLSN) when we created the list. BIDU is down 9.24% which is near the bottom in performance so far this month and CLSN is down a full 25% which is a disaster. This is once again a reminder that you should never blindly buy any list of stocks. Below is a performance chart and details for the current holdings. Start Date Symbol Shares Start Price Start Total End Price End Total % Gain / Loss 6/7/2013 $BAC 940 13.38 12577.20 12.7 11938.00 -5.08% $GS 75 166.01 12450.75 154.29
Below are the intensity scores for the most active stocks on the Twitter stream for the week and month ending 6/18/13. Apple (AAPL) continues to dominate, but Google (GOOG) and Tesla Motors (TSLA) are starting to see a lot of tweets.
Below are charts with the bearish intensity for the most bearish stocks on Twitter for the week and month ended 6/18/13. A wide range of sectors, but emerging markets and gold are near the top ideas people don’t like.
Below are charts with intensity scores for the most bullish stocks on Twitter for the week and month ending 6/18/13. Notice how many technology stocks are in the weekly list.