The Twitter Top 10 Portfolio is under performing so far this month due to the recent crushing of momentum stocks. The portfolio has given up half the gains it made last month when momentum stocks surged higher. It remains to be seen if this is the top for these securities, but some real damage has been done to both their charts and the sentiment for them. Many of the most bullish stocks on Twitter moved to the most bearish stocks list this week. Keep an eye on these stocks as they’ll give some clues about the general market.
Monthly vs. Yearly
So far this month the portfolio is down 3.47%. It is still up 27.5% on the year. Below is a performance chart from the first of the year and details of the holding for this month.
The Downside Hedge Twitter Sentiment indicator is computed daily from traders and investors tweeting about their trades, portfolio adjustments, and market bias in real time. As a result, our sentiment indicator reflects daily buying and selling pressure for a particular stock, ETF, or an index. This makes it a good confirming indicator that can be used similar to other technical analysis tools like RSI, Stochastic, and MACD.