Below are the intensity scores for the most active stocks on Twitter over the past week and month.
Below are the intensity scores for the 25 most active stocks on Twitter for the past week and month. Here is the status of the 50 most active stocks on Twitter. 70% have Twitter sentiment reading that confirm bullish chart patterns. Very few bearish stocks over the past week.
We first wrote about the canaries in the coal mine that were warning of a correction in February. As recent as last week the canaries were still warning. Not so any longer. The canaries lived. Most of the time when a market gets thin at new highs a correction follows, but once in a while the thin market resolves itself with rotation. That’s what we’re seeing now. The defensive sectors that have led all year are starting to under perform the broad market and the stocks that have lagged are being bought. Our Twitter support and resistance levels had pegged 1600 on the S&P 500 Index (SPX) as the most important resistance we’ve seen since we started tracking it. There were a huge number of tweets that targeted that level. The rotation in stocks since the break out above 1600 highlights how important that level was. People who were defensive are starting to trim those positions and others who were under invested are buying technology, financials, and industrials. Even the
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 highest intensity scores on Twitter over the last week. Below are the monthly numbers.
Above are the stocks with the most Bearish intensity on Twitter over the last week. Below are the monthly numbers.
The stocks in the chart above have the highest total Twitter Intensity scores. Below are the Monthly scores.