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Strong Get Stronger While the Weak Get Weaker

Over the past week the breadth of the 50 most active stocks on Twitter fell.  This was mostly a result of weak stocks that were bouncing over the past few weeks turning back down with corresponding sentiment readings.  Many stocks moved from counter trend bounces, positive divergences, and unclear back to a confirmed down trend.  At the same time a few stocks moved from unclear back to a confirmed uptrend.

We have a situation where the weak stocks are resuming down trends and the strong stocks are holding up.  This separation is causing a continued negative divergence between the breadth of the most active stocks and the S&P 500 index (SPX).

Below are charts of the breadth and status of the most active stocks on Twitter.

 

 

 

 
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