Below are charts with the bullish intensity scores of the most bullish stocks on Twitter for the week and month ending 11/19/13.
Below are charts of the intensity scores for the most active stocks on Twitter for the week and month ending 11/19/13.
Below are charts with the bearish intensity scores for the most bearish stocks on Twitter for the week and month ending 9/24/13. Notice that Financials make the largest theme on a weekly basis.
Below are charts with the bullish intensity scores of the most bullish stocks on Twitter for the week ending 9/17/13.
The most active stocks on Twitter are showing the largest number of charts with bearish chart and sentiment patterns since late June and early July. 32% with bearish charts is a significant number considering the fact that the stocks tweeted the most naturally carry a bullish bias. There are also 18% with negative divergences that could turn bearish over the next several weeks unless price and sentiment moves higher. Below is a chart with the status of the 50 most active stocks on Twitter. Below that are charts with the intensity scores of of the most active stocks for the week and month ending 9/3/13.
Precious metals stocks came back to the most bearish stocks on Twitter list this week. Energy stocks like Exxon Mobile (XOM), Chevron (CVX), and Occidental Petroleum (OXY) are also a leading theme. With Dow Chemical (DOW) and Caterpillar (CAT) added to energy and precious metals it appears that my concern from last week continue and basic resources make up the the largest group of the bearish stocks. This could be an early warning about a resumption of the downtrend in the economy or deflation. Below are charts with the bearish intensity scores for the most bearish stocks on Twitter for the week and month ending 8/6/13.
The list of the 50 most active stocks on Twitter are starting to show some weakness. Although the number of stocks in a confirmed downtrend is falling, so are the number of stocks in a confirmed uptrend. Instead I’m starting to see move negative divergences and stocks that have unclear charts. Below are charts with the intensity scores for the most active stocks on Twitter for the week and month ending 8/6/13. Below that is a chart with the status of the most active stocks.
Below are charts with the bullish intensity scores for the most bullish stocks on Twitter. Week and month ending 7/23/13.
During the recent consolidation in the market we became concerned that we weren’t seeing a lot of positive divergences or buy signals from Twitter sentiment. Unlike the small dip in April which created several good long setups, the larger consolidation and retracement rally in May and June didn’t produce any. Our concern was that the general market was moving higher, but actively traded and momentum stocks weren’t being bought with conviction (as evidenced by sentiment on the Twitter stream). That situation now appears to be resolving itself. Over the past few days we’ve had three long setups. Those setups come just behind a reconfirmation of the uptrend from sentiment for the S&P 500 Index (SPX) and the Russell 2000 index (RUT). This is a positive sign for the market going forward as it shows widely held individual stocks supporting the rally. Below are charts of the three recent buy signals (green vertical lines indicate the setup date). All of them are now getting extended and close to their all time
When markets rally strongly almost everything goes up with them. That has certainly been the case with this current rally. Over 90% of stocks in the S&P 500 Index are above both their 50 and 200 day moving averages. So if you’ve been making long trades you probably feel like a genius. Of the stocks well follow and trade with Twitter sentiment almost every long trade with the trend over the last two months is in positive territory. This is what happens in fast moving up trends so we’re not patting ourselves on the back. We know that a pull back will happen eventually and the success of our trade signals will eventually be tested by lower prices. Today’s price action in the major indexes hints that we might finally be getting the price reversal that many bears have been waiting for. With that in mind we thought it would be a good time to show some of the long trades that we’ve mentioned on Twitter @DownsideHedge over the past