Support and Resistance

By | December 18, 2016

Posts from now through the holidays will be light… too much fun to be had, but we’ll try to at least update the support and resistance chart for the S&P 500 Index (SPX). Right now there is strong resistance at 2300. A cluster of support lies between 2240 and 2250. Below that is 2200. You […]

Rotation Amid Overbought Conditions

By | December 4, 2016
Most Bullish Stocks on Twitter

Over the past three weeks (since the US election) we’ve observed a major rotation from safety into leading sectors by watching the bullish and bearish lists. Take a look at the bullish stocks on Twitter over the past 3 weeks and you’ll notice financials, consumer products, retail, and energy dominating the list. Now lets look at the list of […]

SPX Range is 2120 to 2160

By | October 30, 2016

Just a quick note this week. The current range of support and resistance for the S&P 500 Index (SPX) is between 2120 and 2160. A break below 2120 (on a closing basis) will carry quickly to 2100, while a break above 2160 should carry back to 2180. At this point, we’re just waiting for a […]

2120 on SPX Starting to Look Critical

By | October 23, 2016

2120 on the S&P 500 Index (SPX) is starting to look like a critical level that the market must hold. A few weeks ago the market bounced at the first resistance level tweeted by traders on Twitter. Since that time traders have simply been chasing price and not tweeting anticipation of higher prices. This indicates that […]

Twitter Sentiment for the Stock Market Still Positive

By | October 9, 2016
Twitter sentiment for the stock market

We’re sitting roughly where we were last week with Twitter sentiment for the S&P 500 Index (SPX) still showing signs that market participants are ready to test the all time highs. 7 day momentum broke above its downtrend line as the market was moving out of the last low and has been able to stay […]