Below are charts with the bullish intensity scores for the most bullish stocks on Twitter for the week and month ending 11/12/13.
Below are charts with the bullish intensity scores for the most bullish stocks on Twitter for the week and month ending 10/22/13.
Below are charts with the intensity scores for the most active stocks on Twitter for the week and month ended 10/22/13.
Berkshire Hathaway (BRKB) made its debut on the most bearish list this week. It has been lagging the market since this rally began so it’s something to watch if it continues to under perform during the current dip. Below are charts with the bearish intensity scores of the most bearish stocks on Twitter for the week and month ending 8/27/13.
Below are charts with the bullish intensity scores for the most bullish stocks on Twitter. Week and month ending 7/23/13.
Below are charts of the bullish intensity scores for the most bullish stocks on Twitter for the week and month ending 6/4/13.
Once a week I take a close look at the fifty most active stocks on Twitter and determine the status of their chart patterns relative to Twitter sentiment. Going forward I’ll show the results in a pie chart in our Tuesday posts about the most active stocks on Twitter. Today I’m doing it early and show you some example stock charts so you can see what each category in the pie chart means. Please note that I don’t show every chart here at Downside Hedge. However, if the status of a stock changes I almost always post it to Twitter @DownsideHedge so if you’re interested in every change all you have to do is follow DownsideHedge. Currently 72% of the top 50 active stocks have bullish chart patterns. The positive chart patterns are categorized as follows: Confirmed Uptrend, Counter Trend Bounce Possible, and Negative divergence. I consider a negative divergence a positive chart pattern because stocks often clear over bought readings by having sentiment diverge while the stock trades sideways
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
Thursday brings with it earnings reports from Morgan Stanley (MS), Google (GOOG), International Business Machines (IBM), and Microsoft (MSFT). Here’s what their Twitter sentiment charts look like ahead of the earnings reports. Morgan Stanley warned of consolidation in mid March and then cleared that warning last week. The consolidation warning was cleared near the stock’s upward sloping trend line coming out of the July 2011 lows. In addition, the 50 day moving average is in play. Smoothed sentiment is trying to paint a positive divergence with price, but we’d like to see it continue to diverge (or start to confirm any upward move) before making any calls on the stock. Overall we have a slight bullish bias. If the stock moves higher after the earnings report and the move is confirmed by sentiment it will provide a low risk entry for a trade on the long side. If the stock breaks lower we’ll be looking for a setup near the 200 day moving average. It took two consolidation warnings from
Below are the stocks with the most bearish intensity (volume and scores) on Twitter for both the past week and past month.