Below is a list of stocks that had the least support (or were most bearish) on Twitter over the past week. The list is made up mostly of stocks that have weak fundamentals and shouldn’t be too much of a surprise. In a healthy market this is what we want to see. Notice the lack of momentum stocks. This is a good sign for the general market and gives the bulls a chance to resume the rally.
One concern on the list is that the Consumer Discretionary ETF (XLY) is showing weakness. When this sector lags it often precedes weakness in the major indexes.
Subscribers should keep an eye on the 1 day through 1 month bearish lists for warning signs going forward. If momentum names start to overwhelm the fundamentally flawed stocks it will warn that the market is going to make another leg lower.