Over the past week the StockTwits Top 10 portfolio recovered a few percentage points as the S&P 500 Index (SPX) remained relatively flat. For the month the portfolio is still down over 3% and lagging SPX. We’re continuing to see most of the stocks falling, but Baidu (BIDU) is fighting the trend, up over 16% on the month.
The continued under performance by momentum stocks this month gives concerns for the general market. As I’ve mentioned at Downside Hedge, too many stocks that had large corrections during the first half of the year are now stalling. BIDU and a few other stocks like Facebook (FB) are recovering strongly, but the market needs wider participation from momentum stocks or it will experience more chop.
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|