Stocks to Trade 3-24-17 | TWTR Twitter News

TWTR Twitter

TWTR Twitter

Twitter Faces Controversy Over 48M Bots on its Platform

Twitter Inc. (TWTR – Free Report) finds itself in the middle of another raging controversy. Per a Sunday Times report, citing research conducted by University of Southern California and Indiana University, 15% or 48 million of Twitter’s accounts are bots or fake accounts. In fact, it is double Twitter’s own estimate of bots (8.5%) on its platform.

his is concerning for investors, especially as Twitter has only a little over 319 million users. The company has been a social phenomenon but somehow has failed to leverage that status to boost user base.

Twitter Considers Paid Subscription Service (TWTR, FB)

Twitter (TWTR) is considering adding a paid membership option for business users in a bid to arrest slowing revenue growth and a sharp decline in its share price.

The micro-blogging website confirmed that it is carrying out surveys to gauge interest in the idea, which would see paid members gain access to an enhanced version of Tweetdeck, Twitter’s social media dashboard application. The company gave no indication that regular users will be charged for using its services in the future.

Snap Passes Twitter Among Advertisers, Gets Buy Rating

Snap (SNAP) received a buy rating and is said to have replaced Twitter (TWTR) as the No. 2 social networking platform among advertisers, but it faces a formidable rival in Facebook (FB), according to two analyst reports released Wednesday.

The buy rating came from Drexel Hamilton, while the viewpoint that Snap has moved above Twitter came from a report by Needham analyst Laura Martin.

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On the Tape Today | 3-24-17

$JNJ 3-24-17

$JNJ 3-24-17

JNJ | Johnson & Johnson offering a sweet decline and a third "well-offered" day. Hasn't quite reached a Saturation Point yet but game planning a lower open based on yesterday's melted candlestick. Looking to buy a lower open on the first close above the open on the 15 minute chart. Initial target to sell is $128.

KSS | Kohls Corp. bearish momentum pause setting up a swing trade on the short side with a $34.25 target to cover. Looking for a $37.25 sell stop to enter the trade. Stop-loss on a close above $38 if filled.


$SPY 3-24-17 Hourly Chart

$SPY 3-24-17 Hourly Chart

Tape Reading the SPY ETF

$SPY bullish order flow remains intact, barely.

Signs of distribution continue to unfold as volume begins to validate the selling. Again, not calling a short sale in the stock market but…increased game planning on the short side and less tolerance for long positions that are not following through.

Should the $SPY begin top trade lower, the next level I see comes in at $228. Reading the tape shows us a trend line break but the new trend isn’t confirmed until the low of the break is violated. In this case that price is $233.05.

I’m still bullish, but opening up to the short side for more than just a trade for cash flow.

Stock Market Today: Heatmap of the S&P 500

$SPY Heatmap-11-7-16

$SP 500-3-34-17

Stocks to Trade 3-24-17 | Friday Edition

Short-Term Momentum

Bullish Momentum:

Bearish Momentum: htz

Long-Term Order Flow


Bearish Order Flow: dg, grub, clr, apc, fslr, slb, apa, jwn, tgt, oxy, hes, kss, gild, dks, prgo, cop, esrx, panw, nfx, lb, sm, mnk

2X Normal Volume: NKE, MOMO, ACN, HRTZ

Inside Days: aapl, cvs, wmt, csx, tgt, hal wmb, bsx, cf, amtd, apa, nflx, pep, aa, lb, celg, cat, wba, oke, mchp, len

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