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 […]
At the close yesterday (4/30/15) a consolidation warning was issued from 7 day momentum calculated from the Twitter stream for the S&P 500 Index (SPX). The warning comes from a negative divergence that lasted more than three weeks which was followed by a break of the confirming uptrend line that began in January. This suggests […]
I’m starting to see compression in sentiment in some of the major Pharma and Biotech stocks. When sentiment and momentum compress in a triangle it represents an inflection point for the stock. The direction of the break either creates a buy signal or a warning of more consolidation ahead. Below are some example charts. Here’s […]
On days that the market falls more than it has in recent weeks it’s good to look at the stocks that had the most bearish tweets during the day. What we look for is recent leaders because leaders leading to the downside warns that the market is likely to correct. Back in mid September the […]