StockTwits Breadth Falls Sharply

Over the past week breadth from the StockTwits stream fell sharply. It was a result of the number of stocks in the bullish list falling. This is a bit troubling given the fact that the market rose last week and that our StockTwits list is made up of mostly large cap stocks.

Over the past week breadth from the StockTwits stream fell sharply. It was a result of the number of stocks in the bullish list falling. This is a bit troubling given the fact that the market rose last week and that our StockTwits list is made up of mostly large cap stocks.

140505StockTwitsBreadth

Breadth from the Twitter stream drifted higher with the market, but is painting a negative divergence with price. This is in line with other breadth measures I follow and is most likely due to the rotation that is happening in the market.

140505TwitterBreadth

 

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