Social Media Breadth Strong

President of Downside Hedge • Jun 30, 2014 at 5:39 PM EDT

While the S&P 500 Index (SPX) consolidated below the 1900 level there was a period of weakness in breadth from both Twitter and StockTwits.

While the S&P 500 Index (SPX) consolidated below the 1900 level there was a period of weakness in breadth from both Twitter and StockTwits. After the breakout occurred breadth lagged price, but has now recovered. Many of the momentum stocks that had fallen out of the strongest stocks list have returned with strong support from traders on Twitter and StockTwits. This is an encouraging sign for the market.

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