Social Media Breadth Following Market Down
Breadth from Twitter (TWTR) is following the market down, but not as rapidly might be expected. The number of stocks in the bullish list is at the lowest point this year, however the number of stocks in the bearish list isn’t rising rapidly. Many traders on Twitter believe the momentum stocks are due for a bounce which is causing fewer bearish tweets.
Breadth from StockTwits is catching down to breadth from Twitter. The number of stocks in the bullish list is shrinking, while the bearish list is holding fairly steady.
None.