After a rough patch Luluemon (LULU) has made it back to the most bullish stocks on Twitter list. This might be a sign that their recent problems are behind them and the stock is tradeable again. Another interesting stock in the bullish list is Dow Chemical (DOW). Are we starting to see a comeback from basic materials? Below are charts with the bullish intensity scores for the most bullish stocks on the Twitter stream for the week and month ending 7/9/13.
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.
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.
Just as we suspected when we saw the picks for the portfolio this month, a thinking person would have skipped Celsion Corp (CLSN). It is down 21.43% in just a week. This is a great example of one of the limitations of mechanical investing and the reason we try to warn about stocks we’d skip for our own portfolio. It is a good reminder for you to always think for yourself…and never follow any investment strategy blindly. Overall the portfolio is down 4.74% for the month, but it is still up 20.8% from the first Friday of the year. 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 13.08 12295.20 -2.24% $GS 75 166.01 12450.75 164 12300.00 -1.21% $F 903 15.73 14204.19 15.45 13951.35 -1.78% $CSCO 513 24.49 12563.37 24.18 12404.34 -1.27% $C 243 51.6 12538.80 48.49 11783.07 -6.03% $KORS 200 62.69 12538.00 60.81 12162.00 -3.00% $CLSN
On Twitter @DownsideHedge we tweet all the trade signals generated by our Twitter sentiment indicator for individual stocks. We tweet long signals, when a long position is closed, short signals, and when the short is closed. In addition, we also mention any consolidation warnings and when they’re cleared as well as counter trend bounce signals and their corresponding signal that the down trend is likely resuming. For official tracking purposes we use the closing price of the day we get a signal. However, in real life we don’t rigidly follow the signals. As we’ve mentioned many times before you must use your own judgement and not blindly follow the trade signals…ours or anyone else. Today we had an example of a signal that closed a long position on Citigroup (C). However, in real life we wouldn’t sell our stock simply based on the Twitter indicator. When we posted the signal we tweeted that we’d give the trade more room. Please note the market and Citigroup were pretty close to being
Below is the status of the most Active stocks on Twitter. Here’s a post that explains our Stock Status Categories. The next two charts show the intensity scores for the the most active stocks on Twitter for the week and month ending 6/11/2013.
It’s the first Friday of the month so today we get a new list of stocks to hold in the Twitter Top 10 Portfolio. These stocks will be held from the close today (6/7/13) until the close on July 5th, 2013. BAC, GS, F, CSCO, C, KORS, CLSN, BIDU, HD, HOT Two stocks stayed in the portfolio this month. Ford (F) and Starwood Hotels (HOT). After the market closes (or over the weekend) I’ll update the performance chart and give details of performance for the stocks that were held last month. As of about 2:00 PM Eastern the portfolio is up 3.22% since 5/3/13 and 26.6% from the first Friday this year. Here’s a link to last week’s update that has the list of stocks we are holding until the close today. Update 6/8/13 – the portfolio gained 3.41% for the month as of the close on Friday. It is up 26.8% from the first Friday of the year. The gains for the month are mostly a result of Ford
Below are charts with the status of the 50 Most active stocks on Twitter and the intensity scores for the 25 most active stocks on a weekly and monthly basis.