The Buzz 🐝 Week 8

Welcome to The Buzz! 

Our mission at The Chart Report is to highlight ideas from the best traders and technicians on social media. 

Now, we’re taking this concept one step further and tapping into the madness of the crowd. 

That’s why we created The Buzz! 

Our mission at The Buzz is simple: to identify and profit from the most-talked-about stocks on the market today. 

But isn’t the crowd always wrong? 

The grandfather of contrarian investing, Humphrey B. Neil once said; 

“The public is often right during the trends, but wrong at both ends.” 

We agree with Humphrey, which is why we’ll be focusing on catching the meat of these trends, with both long and short ideas. 

The Buzz uses proprietary social media data from our partners at Likefolio. 

Every week, we compile a list of stocks that are experiencing the most momentum in terms of investor interest. Let’s take a look at which stocks are buzzing this week!

Download as TradingView Watchlist 

This table shows the rate of change in weekly mentions relative to a longer-term average of mention history. In less technical terms, this list shows us the most popular stocks on social media last week. 

This Week’s Overview: 

There were very few quality risk/reward setups this week. We don’t want to force trades here with earnings season underway and the broader market at a potential inflection point. Instead, we want to be patient and wait for better opportunities in the coming weeks. 

In the interest of not forcing trades, we’re only highlighting one actionable setup in this week’s report: Intuitive Surgical ($ISRG). 

We’ll also look at some other setups on the list and why they’re not actionable. 

Let’s start with our favorite from this week’s list, Intuitive Surgical, $ISRG.