Both Wal-Mart (WMT) and Intel (INTC) have cleared their consolidation warnings. The chart of INTC looks fairly indecisive at the moment so I’m not sure if this signal is notice of a resumption of the uptrend. I suspect it will move back above its 50 and 200 day moving averages if the S&P 500 Index (SPX) can recover its own 50 dma. WMT appears to have entered a clear down trend. I wouldn’t be surprised to see more weakness in WMT after a bit more consolidation below its 200 dma.
Below are charts of the bearish intensity scores for the most bearish stocks on Twitter for the week and month ending 8/13/13.
Below are charts with the bearish intensity scores for the most bearish stocks on Twitter. Week and month ending 7/23/13.
Below are charts of the most active stocks on Twitter for the week and month ending 7/23/13. Here’s a chart with the status of the 50 most active stocks on Twitter.
The SPDR Gold Trust ETF (GLD) has been on the weekly most bearish list for several months. It finally fell off, however Silver (SLV) and Emerging Markets (EEM) (EWZ) are still on the list. Leaving the most bearish list is the first step towards a possible turn back to an uptrend. Below are charts with the bearish intensity scores for the most bearish stocks on Twitter over the week and month ending 7/9/13.
Over the next month or so the most active list (on a weekly basis) will most likely be littered with companies reporting earnings. Alcoa (AA) made an entrance this week as one of the few widely followed stocks that have reported. Keep an eye on this list over the coming weeks to see which companies are getting a lot of attention on Twitter due to their earnings reports. Below are charts of the intensity scores for the most active stocks over the past week and month (ending 7/9/13). FYI, I posted the status of the fifty most active stocks yesterday.
Below are charts with intensity scores for the most bullish stocks on Twitter for the week and month ending 6/18/13. Notice how many technology stocks are in the weekly list.
Below are charts of the bullish intensity scores for the most bullish stocks on Twitter for the week and month ending 6/4/13.
Below are charts with the status of the 50 Most active stocks on Twitter and the intensity scores for the 25 most active stocks on a weekly and monthly basis.
We haven’t commented much on the general market and market internals lately due to the completely boring nature of this latest rally. When a rally is being fueled by everyone believing it will go up due to outside forces (central banks printing money and buying debt) nothing else matters. As a result, we haven’t been able to pinpoint anything interesting that would give you (or us) any insight into what the market is doing. Well we’re finally seeing some interesting action under the covers. The S&P 500 Index (SPX) has given back just 3% from intra-day peak to trough and barely over 1% on closing prices. Not very exciting, but everyone is suddenly asking if this is finally the top we’ve all been waiting for. For some insight we like to look at individual charts and see if everything is being affected or if the selling is localized. Broad based selling is bad. Localized selling is good…if it results in rotation…which is what we believe is causing the current sloppiness