The under performance is a result of three momentum stocks in the portfolio that are getting hit hard. They are Himax Tech (HIMX) down 24%, Kandi Tech (KNDI) down over 14.5%, and Green Mountain Coffee (GMCR) down over 10%.

The consolidation warning for the S&P 500 Index (SPX) on 4/14/14 has been closed. As I mentioned in the 4/14 post the warnings have been coming late over the past several months due to chasing and uncertainty from traders on Twitter.

The counter trend bounce signal for Silver (SLV) issued on 4/14/14 has been closed. This is another recent long signal that just couldn’t get any momentum.

Over the past week breadth calculated from the Twitter stream moved sideways. The number of stocks with the most strength increased, but so did the number of stock showing the most weakness on the Twitter stream.

Chasing and uncertainty continue, but with some small improvements. It appears that the path of least resistance is sideways. As a result, we’ll remain well hedged waiting for market internals to show some strength.

Over the past week our market health indicators had a slight improvement. However, the improvement isn’t keeping up with the rally in the S&P 500 Index (SPX).

Both the portfolio and the S&P 500 Index (SPX) are basically flat from the first Friday of April. The laggards in the portfolio are SunPower (SPWR) down 15.25%, JP Morgan (JPM) down 7.56%, and Advanced Micro Devices (AMD) down 6.98%.

The Twitter Top 10 Portfolio continues to lag the market this month. It is still down 2.4% while the S&P 500 Index (SPX) is essentially flat.

Below are charts with the bullish intensity scores for the most bullish stocks on Twitter for the week and month.

A consolidation warning for the S&P 500 Index (SPX) was issued from the Twitter stream. As I noted over the weekend, the signals have been coming late over the past several months as traders seem to be chasing price.

This signal comes from fairly high levels of sentiment with a four month confirming uptrend line. The short term down trend line has been broken to the upside which creates the signal.

Breadth from Twitter (TWTR) is following the market down, but not as rapidly might be expected. The number of stocks in the bullish list is at the lowest point this year, however the number of stocks in the bearish list isn’t rising rapidly. Many traders on Twitter believe the momentum stocks are due for a bounce which is causing fewer bearish tweets.

The buy signal for Apple (AAPL) that was issued on 3/12/14 has closed. AAPL was dragged down with the rest of the market so this signal just couldn’t get any momentum from the Twitter stream.

This past week our core market health indicators continued their recent trend. All of them except for our measures of the economy fell. Our measures of trend fell sharply and ended the week well below zero. As a result, we’re raising more cash and/or adding a larger hedge to our core portfolios.

The Twitter Top 10 portfolio is down 2.91% since the new picks last week and the Stoctwits Top 10 Portfolio continues to fall with the market. It is down 3.75% from last week’s new picks.

Over the past month High Yield (junk) bonds (JNK) have lagged the performance of Investment Grade (high quality) bonds (LQD). This shows a move to quality within the bond space.