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Twitter Top 10 Portfolio Dips Below S&P 500

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
3/7/2014 $BIDU 73 182.04 13288.92 162.46 11859.58 -10.76%
$BBRY 1345 9.91 13328.95 9.15 12306.75 -7.67%
$BAC 734 17.33 12720.22 16.88 12389.92 -2.60%
$GTAT 761 17.50 13317.50 16.85 12822.85 -3.71%
$PCLN 10 1358.04 13580.40 1284.23 12842.30 -5.44%
$KNDI 687 19.40 13327.80 16.87 11589.69 -13.04%
$EBAY 225 59.06 13288.50 56.73 12764.25 -3.95%
$CMG 22 593.41 13055.02 574.27 12633.94 -3.23%
$IRBT 307 43.35 13308.45 40.37 12393.59 -6.87%
$ZNGA 2388 5.58 13325.04 5.51 13157.88 -1.25%
Cash 131.5 131.50
Totals 132672.30 124892.25 -5.86%
 
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