Thursday Wrap: Hanging in the Balance
Thursday’s trading action left much to be desired. The indexes finished mildly lower but continued to tease bears. Showing signs that a short-term top is in, we’re barely hanging on at some key technical support areas. But when the bears have the long-only crowd backed into a corner, the selling seems to lack any lasting conviction.
At the end of the day, Traders on StockTwits.com were asked to sum up today’s market action in one word or sentence:
— StockJourney (@stockjourney) Mar. 27 at 01:42 PM
@chicagosean A test of the line in the sand for me.
— Neil Blalock, CMT (@NeilBlalockCMT) Mar. 27 at 01:43 PM
— Kurt Tech (@S0methingS1lly) Mar. 27 at 01:44 PM
@chicagosean Hi Sean ! my word would be choppy !
— Nicole (@TeddyBear) Mar. 27 at 01:44 PM
@chicagosean Flush already damnit
— Andrew C (@Andrew_C) Mar. 27 at 01:51 PM
@chicagosean slow perfection
— Patrick Campbell (@triggeredsignal) Mar. 27 at 01:51 PM
— Chuck (@WhatTheChuck) Mar. 27 at 01:53 PM
— Derald Muniz (@1nvestor) Mar. 27 at 01:54 PM
@chicagosean "the calm before the storm"
— SteveZ1 (@Stevez1) Mar. 27 at 02:00 PM
Couldn’t have said it better ourselves!
~ Sean McLaughlin (@chicagosean)
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