Why Twitter Talk Worries Me

I fielded a lot of questions about Twitter (TWTR) yesterday and that concerns me. When the stock was down, nobody wanted to touch it. Now that Twitter has vaulted after earnings and traders seem fascinated.

Before you buy anything, much less a high-flying social media stock, please look at the following chart. The S&P 500 is having a difficult time climbing past its July 3 closing high. It did manage to close slightly higher on July 23 and July 24, but formed doji candles on those dates before pulling back. Doji candles represent indecision. That's not the behavior you want to see as the market reaches new heights....288 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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