- Retail Radar by Stocktwits
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- Opendoor Closed At New Low
Opendoor Closed At New Low
Cboe Exhibits Relative Strength
Good evening. Welcome to Trends with No Friends.
We have some business before we dive in...
Trends with No Friends is nearly a year old! To celebrate, we’re cooking up a few new features that I cannot wait to share, but as we continue to grow please send ideas you have as to how we can improve and what additional insights you’d like to see.
Onward…
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Trends With No Friends sifts through the noise and discovers stocks above $1B market cap with high relative strength and low Stocktwits following.
Why is this combination important?
Stocks that are outperforming tend to continue to outperform. Stocks that have a low Stocktwits following are, by definition, undiscovered by the crowd. Stocks that have both Relative Strength and Low Stocktwits Following can really outperform as more investors discover them.
They are ripe to rip.
Markets got mauled. The S&P 500, Nasdaq Composite and Russell 2000 tumbled more than -3%.
Industrials and consumer staples were the only sectors to lose less than -2%. Technology dove -3.33%.
New 52-Week Lows led New Highs — 187 vs. 23.
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