Below are charts with the bullish intensity scores for the most bullish stocks on StockTwits for the week and month ending 3/11/14.
The consolidation warning issued for Wells Fargo (WFC) on 1/17/14 has ended. Twitter sentiment is now neutral on the stock.
A consolidation warning from Twitter sentiment was issued for Wells Fargo (WFC) at the close on Friday (1/17/14). The warning is a result of smoothed sentiment breaking its up trend line after diverging from price for over two months. The declining sentiment indicates a lack of support from traders and investors on Twitter as the price moved higher. Negative tweets have now overwhelmed the trend of positive tweets. If you have a long trade on this stock, now would be a good time to start watching it carefully and either take some profits or at least start managing the trade with stops. Please note: This is not a sell signal because the stock is above moving averages and is in a clear up trend. This is merely warning that price could consolidate before moving higher.
The buy signal for Wells Fargo (WFC) that was issued on 10/8/13 has now been closed. Smoothed sentiment for the stock has broken back below its downtrend line. The gain on the signal was 4.55%. The financials just haven’t been able to get going. Goldman Sachs (GS) recently closed a buy signal with only a .5% gain and Bank of America currently has a buy signal open, but is down 1.5% from its signal date.
Below are charts with the intensity scores for the most active stocks on Twitter for the week and month ending 10/15/13.
Believe it or not, Wells Fargo (WFC) issued a buy signal today. This is surprising since the general market showed so much weakness. As I’ve mentioned before, a buy signal (or setup) is not the same a real life trading. Don’t just jump into a stock because a signal has been issued. This signal comes as the market is under pressure from the debt debate in Washington. In addition, it is being issued when WFC is in no man’s land between its 50 and 200 day moving averages. If it weren’t for the DC Debacle I’d wait and see how the stock reacted over the next few days. Since DC is in chaos at the moment my preferred course of action would be to wait for a resolution of the debt ceiling disagreement then reassess any outstanding buy signals. There is nothing wrong with standing aside when there is so much doubt and downward pressure from a looming event. Nevertheless, a buy signal has been issued and I’ll add it
Below are charts with the bearish intensity scores for the most bearish stocks on Twitter for the week and month ending 9/17/13.
The Twitter Top 10 Portfolio held steady this week as the market fell. The out performance was a result of rallies from Facebook (FB), 3D Systems (DDD), and Chipotle Mexican Grill (CMG). The bank stocks under performed, while the rest of the portfolio held fairly steady. The weakness in the bank stocks is a bit concerning for the overall market, but the fact that the high beta and momentum stocks are holding up or rising lends weight to the argument that this recent down turn isn’t the start of a longer term bearish trend. I’d expect to see the momentum stocks failing rather than breaking out to new 52 week highs if this down trend is likely to continue. By looking at a few charts it is likely that the banks could have a bit more weakness before rebounding. Citigroup (C) is on a Twitter sentiment consolidation warning, while Bank of America (BAC) appears to experiencing a soft consolidation that brings price and sentiment back to levels where it can
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.
The stocks in the Twitter Top 10 portfolio are starting to show some momentum again. Over the last week as the market has made a short term bottom and risen just over 1%. At the same time the Twitter portfolio jumped almost 2%. Ford (F) and the bank stocks (WFC, BAC, C) are having the largest drag, while Facebook (FB) is showing the majority of the strength in the portfolio. Below is a performance chart and details for the stocks held this month. Note: Prices are from about 9:30 AM Pacific on 8/23/13. Start Date Symbol Shares Start Price Start Total End Price End Total % Gain / Loss 8/2/2013 $FB 313 38.05 11909.65 40.02 12526.26 5.18% $BAC 803 14.84 11916.52 14.52 11659.56 -2.16% $F 903 17.5 15802.50 16.42 14827.26 -6.17% $SBUX 172 74.23 12767.56 71.84 12356.48 -3.22% $DDD 251 47.42 11902.42 48.04 12058.04 1.31% $LNKD 50 235.58 11779.00 238.18 11909.00 1.10% $C 224 53 11872.00 49.82 11159.68 -6.00% $BIDU 85 139.7 11874.50 138.81 11798.85 -0.64% $WFC 267 44.49 11878.83