This past week saw traders buying the dip (well if you can call it a dip). If you look at the count of bullish stocks on the Twitter stream you can see that traders were buying more stocks as the market reacted to resistance near the 2300 level on the S&P 500 Index (SPX). This […]
One of the uses of the most bullish and bearish stock lists is to gauge the health of a rally. What I like to see is a lot of leading stocks in the bullish list that matches the length of the run. We’ve had a rally that lasted three weeks and is now taking a […]
Here’s an update to yesterday’s post on Alibaba (BABA). Momentum has broken its uptrend line so it’s time to close the trade. Remember it’s better to take a small loss on a failed trade than wait and watch it fall apart completely. Another opportunity will come in the future.
At the end of March we issued a buy signal for Alibaba (BABA). Since that time the stock has rallied then given up all of its gains. During the same time period momentum calculated from the Twitter stream has been mostly flat and is now falling. This isn’t the type of action I like to […]
We’ve been tracking Alibaba (BABA) since its IPO. Our momentum indicators have refused to issue a buy signal for the stock until now. The bearish trend of 7 day momentum has finally been broken to the upside after a positive divergence. This indicates that the buyers are starting to overwhelm the sellers. The long signal […]
As I’ve mentioned before, IPOs take patience. I like to wait for a new stock to shake out a bit before making a purchase. I’ve been watching Alibaba (BABA) since the IPO and haven’t built a position or made a trade because the Twitter and StockTwits streams haven’t been able to confirm a good entry […]
Below are some charts I posted to Twitter and StockTwits over the past week. They are in no particular order.
The Twitter Top 10 Portfolio hasn’t been able to gain any traction after the severe damage done in the first four months of the year. This month is shaping up to be another loser due to a huge decline by Plug Power (PLUG) which is down almost 30%. The screen has been picking too many […]
The StockTwits Top 10 portfolio is lagging again this month. The under performance is due to Walter Energy (WLT) which is down over 11%. The monthly picks this year seem to find at least one stock that blows up. I see it as just another sign of a thinning market where investors and traders are quick to […]
Over the past month the Twitter Top 10 portfolio was down over 1% even though the S&P 500 Index was up. Ironically, the largest drag on the portfolio was Twitter (TWTR) which was down over 25%. Another thing of note for TWTR is our trading strategy called a sell signal for TWTR in mid September […]