Earlier in the week I posted the following chart on Twitter and StockTwits. In that post I mentioned that the StockTwits community was still confirming lower prices for emerging markets (EEM).
Our algorithm that scores tweets for bullish and bearish sentiment now has the Twitter stream predicting lower prices for EEM as well. A break down in price from the current bear flag and recent lows would most likely carry prices back to the January 2014 or the June 2013 lows…so you need to be a nimble trader to make the risk reward acceptable.
EEM also makes the weakest stocks on Twitter for the past week, two weeks, and past month. One thing to note is that this bearish list is sorted from strongest to weakest so EEM is the strongest of the weak stocks over the past month. You can see more stocks showing weakness on Twitter by subscribing to Trade Followers.