The buy signals for Visa (V) and MasterCard (MA) over the past month were closed today (5/20/14). Both of them suffered small losses. The fact that there have been a lack of buy signals since the first of the year and the ones we’re getting are failing suggests that there isn’t momentum to push the market higher. Every buy signal from the first of the year has had a small loss (from -.37% to -4.66%). Meanwhile, three of the four short signals have been winners. Just another sign of how weak the underlying market is.
Here are the strength scores for the stocks with the most support from the StockTwits community over the last week.
After a long drought waiting for buy signals (or even some counter trend bounce signals) we finally got one from VISA (V) today. As the stock has been consolidating in a range over the past month sentiment from the Twitter stream has been rising. Today it rose enough to break the down trend line that had been confirming VISA’s dip in price. This creates a buy signal. One thing to note is that the new uptrend line in sentiment is very steep. That means the stock will have to get going or this trade will close quickly. The steep uptrend will also limit the length of the trade. Here’s a link with more details on how we trade stocks with Twitter sentiment.
Below are charts with the bullish/strength scores for the strongest stocks on StockTwits for the week and month ending 5/6/14.
Below are charts with the bearish intensity scores for the most bearish stocks on Twitter for the week and month ended 4/8/14.
Last weekend I mentioned that the stock market was undergoing rotation, however, no real fear was associated with the selling. This week we have a market that looks like it may have started some broad based selling, but again without much fear from market participants. During the week most of the indicators that I follow strengthened. Then came Friday, which showed an entirely different character than I’ve seen in a long time. It reversed the gains in our internal indicators and also created some concerning chart patterns in individual stocks. As you know, I try to give a few things each week to watch as the most important clue to the direction of the market. This week what I’ll be watching most closely is the action of the stocks that had held up while momentum, bio tech, and social media stocks were being ravaged by selling. On Friday, many of these stocks were sold aggressively along with stocks that have been weak since the first of March. Google (GOOG) is
Below are charts with the bullish intensity scores for the most bullish stocks on StockTwits for the week and month ended 3/25/14.
Below are charts with the bullish intensity scores for the most bullish stocks on Twitter for the week and month ending 3/11/14.
Below are charts with the bullish intensity scores for the most bullish stocks on StockTwits for the week and month ending 3/11/14.
Below are charts with the bullish intensity scores for the most bullish stocks on StockTwits for the week and month ended 2/25/14.