Brutal Selloff Continues, Sparing Nobody: StockTwits
Another noteworthy development today was the low print in the StockTwits' General Sentiment indicator that I privately maintain, derived from in-house StockTwits data (Here's more info on how it is calculated). As of midnight last night, the indicator was at its lowest levels since I began tracking six months ago.
Each previous time we've pierced the 3.0 level, markets have bounced. Is this time different?Cashtaggers are starting to point out 'oversold' indications, too.
Small caps haven't been this oversold since Nov 2012. $IWM $TZA http://stks.co/e0Qvs -- Ivaylo Ivanhoff (@ivanhoff) Apr. 11 at 12:58 PM
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