Below are the intensity scores for the most active stocks on Twitter over the past week and month.
We haven’t done an update on gold and gold stocks since the end of February. The reason for this is that their charts have been broken. As technicians we look at price, volume, trend, strength, sentiment etc. to help us determine the likely path of a security. But, when price breaks down hard it skews the chart pattern so badly that the most important component for technical analysis (price) becomes of little value (other than the obvious message that the stock is broken). As a result, all we can do is wait for enough time to pass for the stock to reassert a readable pattern. Finally we’re starting to see a trickle of information from precious metals charts. In early February when GLD was trading above 160 and bouncing against the underside of its short term down trend line we gave up almost all bullish hope for the metal. By the 13th of February we stated that if GLD traded back down to 150 that “GDX will almost certainly break
Below are charts showing the bearish intensity for the most bearish stocks on Twitter over the past week and month.
Below are charts of the most bearish stocks on Twitter for the past week and the past month. The weekly list is littered with precious metals stocks…which was to be expected. Notice the the energy ETF (XLE) is also in the weekly list. Back in 2008 energy and precious metals led the stock market downward. Is this a repeat?
Below are the charts of the most active stocks on Twitter over the past week and month. Notice that GLD beat Apple (AAPL) this week. This is the first time we’ve seen any stock out pace AAPL. However, we’ve seen activity for AAPL trend lower over the past few months.
Above are the stocks with the most Bullish Twitter Intensity over the past week. Below are the monthly numbers.
The list of stocks above had the most Bullish Intensity on Twitter during the last week. Below are the Monthly scores.