Below are lists with the strength scores of the strongest / most bullish stocks on the StockTwits stream over the last week and month (ending 4/29/14).
Below are charts with the bearish intensity scores for the most bearish stocks on Twitter for the week and month ended 1/28/14.
Below are charts with the bearish intensity scores for the most bearish stocks on Twitter for the week and month ending 12/10/13. Oops. Just noticed that I dropped the Twitter data into the StockTwits chart…but it really is the bearish scores from Twitter. Sorry.
McDonald’s (MCD) cleared its consolidation warning Friday at the close. It’s hard to have an opinion on where MCD goes next. It has been consolidating for six months and is now below both the 50 and 200 dma, but the stock is only about 8% below the April peak. It could simply be consolidating as a result of the heavy emphasis traders have put on momentum stocks over the past several months or a pinched consumer might be pulling back on fries and coffee.
At the close today a consolidation warning was issued for McDonald’s (MCD). Smoothed sentiment for MCD has been confirming the recent slide in price with lower peaks and an inability to move higher on the most recent rally. The break of the uptrend line in smoothed sentiment creates the warning. This warning could also be classified as a sell signal if you believe that McDonald’s is already in a long term down trend (and not just consolidating). A break in price below the 200 day moving average and the trend line created from the November 2012 and August 2013 lows will add weight to this signal.
Below are charts with the bearish intensity scores for the most bearish stocks on Twitter for the week and month ending 10/1/13.
I’ve often talked about looking at your own portfolio to get a feel for the underlying market. Over the weekend I noticed a pattern repeating in a wide variety of the stocks I actively track that can provide an indication of where the market is likely to go next. There are several stocks across almost every sector that are currently painting multi-month consolidation patterns. Many of these patterns consist of fairly wide and loose sideways or down patterns where the difference between peaks and valleys are in the 10% or more range. These wide consolidations show the growing uncertainty among investors as they have been reluctant to push a broad cross section of stocks to higher prices. At the same time many of the stocks aren’t being pushed substantially lower. At this point the stocks are still mostly consolidating, but their performance over the next month or so will likely show the market’s hand. If they start to break higher the market will go with them. If they break down
There are quite a few stocks in down trends that made the most bullish list this week which suggests that some bottom fishing is going on under the covers of the market. A few examples are Amarin (AMRN), Walter Energy (WLT), and Alpha Natural Resources (ANR). Below are charts with the bullish intensity scores for the most bullish stocks on Twitter for the week and month ending 8/27/13.
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.