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22% of the Most Active Stocks on Twitter Negative

The current consolidation in the market is causing more stocks to warn or show negative chart and sentiment patterns. In addition, more are showing up with sentiment readings that don’t give a clear indication of the stock’s current status.  However, we still have 62% of the 50 most active stocks with positive chart and sentiment readings.  The stocks that show negative patterns are roughly the same number as what we saw during the first of May during the first part of the current consolidation.  This is somewhat encouraging for the bulls since the market is quite a bit lower, but chart patterns aren’t breaking down and sentiment isn’t showing a build in extreme bearishness either.

Below is a chart of the status of the 50 most active stocks.  In addition, there are charts showing the intensity scores for the most active stocks for the week and month ending 6/25/13.

 
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