The Twitter Top 10 portfolio has several stocks suffering large losses this month resulting in an overall loss of 5.5% from the first Friday of the year. The S&P 500 Index (SPX) is only down 2.55% over the same time period. Eight stocks are down on the month and only one stock, SolarCity (SCTY) up 26%, has notable gains. The losses come from several sectors and provide a bit of warning that the current decline in the market may not be over just yet. Widespread selling near market highs is often a sign of a rotation to safety. Keep an eye on the most loved stocks for some clues on where the market will head next. A strong rebound in the current portfolio holdings would be a very good sign for the market as a whole because it would signal that the dip is being bought. Continued deterioration will most likely accelerate the current decline.
Below is a performance chart and details of the current holdings.
|Start Date||Symbol||Shares||Start Price||Start Total||End Price||End Total||% Gain / Loss|