Over the past week the StockTwits Top 10 portfolio fell sharply. The drop was a result of heavy selling in momentum stocks. It looks like traders are very quick to take profits. This should be taken as warning that market participants are still reeling from large losses in momentum names during the early months of the year.
On the bright side, many of the stocks in the portfolio this month look like they’re simply consolidating after very strong runs or breaking out to new highs. Many of the charts still have very constructive patterns.
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|