Gauging Investor Sentiment with Twitter: New Update

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Over the past week the Downside Hedge Twitter Sentiment Indicator for the S&P 500 Index (SPX) continued to make higher lows as the market consolidated below 1475. The move above that level did not bring with it confirmation on the daily indicator as many investors still don’t believe this rally can last and are tweeting that a top is imminent. However, the tweets calling for a top are still outnumbered by tweets from bullish traders who are buying the breakout. This suggests the market should continue to move higher…More



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