Just a few quick charts this week. First is social media momentum for the S&P 500 Index (SPX). It has made a clear break of its downtrend line which suggests price should continue higher. The next low in momentum should give us an uptrend line to follow to warn of the next dip. On the other hand if the next low falls below the previous low then odds will favor lower prices.

Breadth from the Twitter stream (bullish stocks vs. bearish stocks) continues to diverge with fewer stocks making the bullish list and more making the bearish list. The market continues to thin…which should precede a longer term top.