For the first time since tracking the Twitter Top 10 Portfolio it has dipped below the performance of the S&P 500 index (SPX). It had a very bad week and is down 5.86% over the period which was enough that SPX now out performs from the first Friday in 2013. The picks in the portfolio have had a hard time sustaining momentum since the beginning of the year. This could be giving us a signal about the market as a whole. When the most loved stocks can’t continue their march higher it suggests that traders and investors are raising cash or waiting for better prices before buying. I expect a momentum/relative strength/sentiment screen to outperform on up trends, but under perform at the beginning of down trends. As a result, the current weakness in the portfolio could be warning about a longer term top in the market. It will be interesting to see how it plays out.
Below is a perfomance chart and details of the current holdings.
|Start Date||Symbol||Shares||Start Price||Start Total||End Price||End Total||% Gain / Loss|