FB, TWTR - momo stocks catch a bid

Whilst the main market remains largely subdued, there was some very significant afternoon strength in many of the momo stocks. Facebook (FB) and Twitter (TWTR) settled higher by 3.5% and 1.9% respectively. Near term outlook is arguably somewhat over-stretched... and a minor retracement remains viable.


FB, daily

TWTR, daily

Summary

Little to add.
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*I have ZERO interest in being long.. or short any of the momo stocks. I did make a recent exception with TWTR of course.. with a brief LONG position for earnings, which worked out rather well.

If I had to state a preference.... I'd go with Twitter without any doubt.. that would appear to have vastly better earnings potential.