Top Bird

As it stands snow, Twitter is actually the top holding by weight in the SOCL, ETF for social media stocks. And when you consider the bloodbath YELP is enduring after earnings, the apparent lack of any far-fetched sympathy selling in TWTR is all the more impressive considering its recent rally and thus any old excuse would figure to spawn a sell-off. 

Instead, as seen on the daily chart for TWTR, below, the stock is bull flagging just under the $19 level and prior highs. We shall see if Twitter can continue its progress into the summer months and seek to erase the disaster we saw early last autumn where management botched what could have been a fruitful bidding war. But we are where we are, and TWTR holding up well as YELP crashes and burns is impressive.

Regarding the market at-large, we saw some wild buy versus sell programs in the first hour of trading, with the small caps whipping around. Super chips like COHR NVDA are stealing the show. But if things settle down for bulls, we are ready to pounce on a few quality long ideas.