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Highest Print Ever for Twitter Sentiment

Our Twitter sentiment indicator for the S&P 500 Index (SPX) recorded its highest print ever today.  It came in at +36.   The volume and intensity of tweets were quit low, but we suspect that was a result of the very narrow range.  The general tone of the tweets were somewhat bored and focused more on observing higher prices rather than all out excitement.

We did see a lot of bearish tweets today, but they were somewhat subdued in their tone.  Resignation was a common theme as was disbelief.  It appears as if many of the bears have finally thrown in the towel.

Last September we saw a string of +30 days as the market was making a short term top.  Over the past week we’ve now had two +30 days.  We’re not predicting at top, however, large prints like today are one of the things that put in place the beginnings of a negative divergence.  It will be interesting to see how long the Twitter stream can maintain a high level of bullishness.

Twitter sentiment for the stock market highest print ever

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