Over the past week the StockTwits Top 10 Portfolio took a pretty big hit. It was down 3.53% compared to the S&P 500 Index which only fell 1.7%. This is fairly normal behavior for a portfolio based on a relative strength / momentum / sentiment indicator and makes picks based on data that lags up to a month. Each month the picks are selected from the stocks that have the most support from the StockTwits stream over the previous month. As a result, stocks making short term tops are often selected. This is why I don’t recommend mechanical trading/investing. Instead, this portfolio is designed to illustrate that stocks with a lot of support in the StockTwits community are a good starting point for possible trades and portfolio selection.
Below is a performance chart and details of the current holdings. The portfolio is up 3.3% from the first Friday of the month.
|Start Date||Symbol||Shares||Start Price||Start Total||End Price||End Total||% Gain / Loss|