This is one of my favorite features in Exodus, aka the best market intelligence platform ever created. Seeing stocks like TWTR, YELP and MEET shoot higher got me to go check out the industry to see what the algorithms were saying. Lo and behold, as demonstrated by the chart that I am about to show you, which measures the strength of this specific industry using ‘complex mathematical models’ (I always feel like an asshole saying that), the internet is, in fact, OVERBOUGHT (scratch that off my bucket list).
Each time the oscillator stretched out this far, over the past year, a Shining style courrection of sorts presided short thereafter.
Here are some of the index members and their gratuitous one week percentage gains.
