The Twitter Top 10 Portfolio continues to lag the market this month. It is still down 2.4% while the S&P 500 Index (SPX) is essentially flat.  The stocks that are dragging down the portfolio are Himax Tech (HIMX) down over 20% and Kandi Tech (KNDI) down almost 17%.  These are two leftover momentum stocks that didn’t fall out of the portfolio at the first of the month. 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 4/4/2014 $MSFT 292 39.87 11642.04 40.04 11691.68 0.43% $HIMX 1021 11.43 11670.03 9.12 9311.52 -20.21% $GTAT 761 16.90 12860.90 16.29 12396.69 -3.61% $QCOM 148 78.53 11622.44 81.22 12020.56 3.43% $BIDU 73 149.35 10902.55 156.77 11444.21 4.97% $KNDI 687 14.08 9672.96 11.69 8031.03 -16.97% $F 724 16.13 11678.12 16.07 11634.68 -0.37% $AA 925 12.63 11682.75 13.49 12478.25 6.81% $K 183 63.77 11669.91 66.29 12131.07 3.95% $GMCR 113 102.99 11637.87 98.55 11136.15 -4.31% Cash 116.05 116.05 Totals 115155.62

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The Twitter Top 10 portfolio is down 2.91% since the new picks last week. This is slightly worse performance than the S&P 500 Index (SPX) which is down about 2.4%.  The under performance is mostly a result of Kandi Technologies (KNDI) which is down nearly 12%. Six of the stocks in the portfolio are performing better than SPX as the portfolio rotated to larger cap stocks when momentum stocks failed. 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 4/4/2014 $MSFT 292 39.87 11642.04 39.35 11490.20 -1.30% $HIMX 1021 11.43 11670.03 10.61 10832.81 -7.17% $GTAT 761 16.90 12860.90 16.26 12373.86 -3.79% $QCOM 148 78.53 11622.44 78.11 11560.28 -0.53% $BIDU 73 149.35 10902.55 149.02 10878.46 -0.22% $KNDI 687 14.08 9672.96 12.40 8518.80 -11.93% $F 724 16.13 11678.12 15.74 11395.76 -2.42% $AA 925 12.63 11682.75 12.40 11470.00 -1.82% $K 183 63.77 11669.91 65.33 11955.39 2.45% $GMCR 113 102.99 11637.87 99.28 11218.64 -3.60% Cash 116.05

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The month of March was horrific for the Twitter Top 10 Portfolio. It is currently down 12.84% on the month…and we still have to suffer through the rest of the day.  I’m sure you know the cause, but I’ll state it anyway.  A breakdown in momentum names caught the March picks in its wave down. UPDATE: After the close the portfolio was down 13.2% for the month. The details have been updated below. The new picks for April are a mix of industries which is consistent with investors rotating rather than wholesale selling.  As a side note, some of the new picks for this month are being sold hard today which does not bode well for the market as a whole because it may be the start of more widespread selling.  When stocks can’t maintain momentum for longer than a month it creates instability in the market which can lead to a cascade.  It is just one more warning sign. Here are the April picks. MSFT, HIMX, GTAT, QCOM, BIDU,

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