Chirping Away in a Quiet Forest

Since the gap down this morning, we have a grinding session on many fronts, with the market a bit apparently hungover from yesterday afternoon's fireworks. 

Some interesting stocks are showing relative strength, though, including Twitter.

TWTR continues to be controversial on many fronts, int terms of their management and potential long-term growth prospects. Of course, there is always buyout possibility from the likes of FB or GOOGL.

But the chart is still a dud compared to the growth leaders in the Nasdaq. And the stock is essentially in the same basket as LNKD and YELP, in terms of being "junior" marquee issues with institutional funds in them. 

Currently. TWTR is outpacing the market today and dancing along its 20-day moving average for a potential base bottom. While a major bottom is far from discernible, let alone confirmed, a modest snapback rally to the $30 area seems within shot. Then again the same could have been said on the stock's seemingly endless march down since late-April. 

On days like today, it is always worth noting relative strength. But the true test for TWTR's chart will be if it can start to reclaim its August highs of $31.09, and more important hold back over it to have a chance at ending a steep intermediate-term downtrend, with about five weeks to go before its next earnings report.