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BALTIMORE (Stockpickr) -- Put down the 10-K filings and the stock screeners. It's time to take a break from the traditional methods of generating investment ideas. Instead, let the crowd do it for you.

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From hedge funds to individual investors, scores of market participants are turning to social media to figure out which stocks are worth watching. It's a concept that's known as "crowdsourcing," and it uses the masses to identify emerging trends in the market.

Crowdsourcing has long been a popular tool for the advertising industry, but it also makes a lot of sense as an investment tool. After all, the market is completely driven by the supply and demand, so it can be valuable to see what names are trending among the crowd.

While some fund managers are already trying to leverage social media resources like Twitter to find algorithmic trading opportunities, for most investors, crowdsourcing works best as a starting point for investors who want a starting point in their analysis. Today, we'll leverage the power of the crowd to take a look at some of the most active stocks on the market today.

Without further ado, here's a look at today's stocks.

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Facebook

Nearest Resistance: $82.50

Nearest Support: $72.50

Catalyst: Q3 Earnings

Facebook (FB) sold off on Wednesday, dragged 6% lower by the firm's third quarter earnings release after the bell on Tuesday. Facebook slightly edged out analysts' expectations for the quarter, earning profits of 43 cents. Wall Street was expecting 40-cent profits, on average. But the firm spooked investors by saying that costs are expected to outgrow revenues next year, ballooning between 55% and 75%.

While Wednesday's drop was ugly for the people who own FB, it wasn't particularly significant from a technical standpoint. Shares are still in the same uptrending channel that they've been in since late March. Investors should look for the next test of trend line support as the next low-risk buying opportunity here.

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Twitter

Nearest Resistance: $44

Nearest Support: $40

Catalyst: Q3 Earnings Hangover

Twitter (TWTR) is seeing big trading volume this week, following the firm's earnings call on Monday. The firm reported a 1-cent adjusted profit for the quarter, a number that met Wall Street's average best guess, but didn't spare the stock from selling off on Tuesday and Wednesday.

The Twitter trade looks a whole lot less appealing than many of its post-earnings tech peers. That's because shares broke below their 2014 uptrend on Tuesday, and continued selling off nearly 4% lower on Wednesday. While shares are catching a bid at an intermediate support level as of Wednesday's close, the next meaningful support level at $40 could be tested next. I'd recommend avoiding shares of TWTR for the time being.

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InvenSense

Nearest Resistance: $19

Nearest Support: N/A

Catalyst: Q2 Earnings

Small-cap tech company InvenSense (INVN) cratered more than 25% on Wednesday, jackhammered by a major earnings miss for the second quarter. INVN reported profits of 5 cents per share, falling well short of the 16-cent EPS that Wall Street was expecting. It didn't help that Lakewood Capital Management subsequently announced that it was short INVN due to some fundamental problems with the business.

While INVN had been looking attractive from a technical standpoint, shares broke to the downside of that setup with Wednesday's move. That big support violation means that further downside looks very likely in INVN.

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U.S. Steel

Nearest Resistance: $46

Nearest Support: $32

Catalyst: Q3 Earnings

One of the few notable bright spots in Wednesday's trading session was U.S. Steel (X). The $5.5 billion basic materials stock rallied more than 5% on bullish third quarter earnings. U.S. Steel reported adjusted income of $2.16 per share, stomping analysts' $1.20 consensus estimate. That surprise profit comes after a nasty selloff in the materials sector that dragged X down from prior highs of $46 down to support at $32.

From here, though, a re-test of that $46 resistance level looks likely. Now looks like a decent time for nimble buyers to get in on that move -- but the real buy signal comes on a push through that $46 price ceiling.

-- Written by Jonas Elmerraji in Baltimore.

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At the time of publication, author had no positions in the names mentioned.

Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to

TheStreet. Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes , Investor's Business Daily, and on CNBC.com. Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.

Follow Jonas on Twitter @JonasElmerraji