Over the past week breadth calculated from the Twitter stream moved sideways. Â The number of stocks with the most strength increased, but so did the number of stock showing the most weakness on the Twitter stream. This indicates that the market is starting to separate the weak from the strong. Â This is different from 2013 where all stocks tended to move together and our breadth measures responded with deep dips on small down moves in the market.
One thing to note is that the current dip in price has been almost as damaging to breadth as the fall to 1740 on the S&P 500 Index (SPX) in early February.
Breadth from StockTwits recovered sharply, but it was a result of stocks leaving the weak list rather than an increase in the number of stocks in the strong list.
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