BALTIMORE (Stockpickr) -- Put down the 10-K filings and the stock screeners. It's time to take a break from the traditional methods of generating investment ideas. Instead, let the crowd do it for you. 

Today, we'll leverage the power of the crowd by taking a look at some of the most active stocks on the market. 

Twitter

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Shares of microblogging service Twitter (TWTR) - Get Report are getting pummeled this afternoon following the firm's second-quarter earnings release.

  • Nearest Resistance: $34
  • Nearest Support: N/A
  • Catalyst: Q2 Earnings

Twitter is down more than 13.5% as I write, dragged lower primarily by comments by CFO Anthony Noto that the firm doesn't expect meaningful growth for "a considerable period of time." That took some of the shine off of Twitter's earnings beat. Analysts were hoping for profits of 4.2 cents for the quarter, but Twitter actually earned comparable EPS of 7 cents per share.

Technically speaking, this chart looks broken right now. Shares violated an important intermediate support level at $34, and they're pointed lower from here.

Longs should avoid the "bargain" in Twitter until this stock can establish some semblance of support again.

Yelp

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Shares of social business directory Yelp (YELP) - Get Report are getting shellacked this afternoon, down more than 28% following the firm's second-quarter earnings release.

  • Nearest Resistance: $30
  • Nearest Support: N/A
  • Catalyst: Q2 Earnings

Yelp reported a 2-cent loss for the quarter, coming in just shy of analysts' breakeven best guess, but the real culprit for today's drop was a sales forecast cut and resulting analyst downgrades. This marks the fifth straight quarter where Yelp has reacted to earnings with a double-digit drop.

Yelp is another broken chart. Shares violated the bottom of their downtrend with this morning's big gap down, accelerating the risk profile of owning shares. Put simply, Yelp looks like a stock to continue avoiding this summer.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.