Overheard on StockTwits: Collective Befuddlement

Posted by Howard
on February 2nd, 2010

After the last few week’s selloff, we’ve started this week with a rally. This has left traders stuck between two opposing questions: Was the selloff for real or is the rally going to continue? Here’s what the StockTwits stream is talking about today:

It’s Groundhog Day today and the StockTwits traders are having some fun. How do you play 6 more weeks of winter?

The combination of good Pending Homes Sales data and great earnings from $DRH is helping lead the market and the homebuilders higher:

$GS is hovering right around brick wall resistance as I type:

Traders are starting to wonder whether this dip is similar to the previous ones we’ve had (all of which recovered nicely):

We’re no longer dealing with a rising 50-DMA:

The current confusion as to the direction of the market is only the beginning says @milktrader:

Let the price war between the discount brokers begin! This is great for traders:

Great chart from @Contrahour shows that the bulls still have some hope left:

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