Last Monday the momentum stocks took a big hit on a mild down day in the market. Yesterday the market sold off harder, but momentum names didn’t get hit as hard as last week. This is an encouraging sign for the market as a whole because it indicates that profit taking in high fliers is slowing […]
Yesterday the market had a soft day, but recent momentum leaders like Tesla (TSLA) and Facebook (FB) had extremely bad days. This showed up on yesterday’s most bearish list of stocks on Twitter. When this happens it shows an aversion to risk that can result in one of two things. First it can simply be profit taking […]
Here’s some charts I posted to Twitter and StockTwits last week…in no particular order.
The Twitter Top 10 portfolio is closing the gap with the S&P 500 Index (SPX) this month even as we’re seeing a large split between high performers and laggards. Twitter (TWTR), down over 7% and 3D Systems (DDD), down 14% are the largest drags on the portfolio. Facebook (FB), up nearly 14% and Plug Power […]
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 […]