Twitter is locked in a sickening grind lower for the last two months.

They are not alone. A lot of momentum stocks are down 30-50 percent from January highs. Take a look at 3D printing leader of 2013 $DDD which Deutsche Bank upgraded their price target to $160 in January:

(The DOODLE faeture in the upcoming ChartIQ release is wicked fun)

I have been a little conservative since January and on March 10th starting adding a few index shorts on Stocktwits when some indicators starting flashing caution to me. Not enough as usual. Look at the Bankers bonuses that were ratcheting up and the biotech IPO’s on shelf:

Wall Street bonuses were the third highest on record in 2013. 1985-Present. (via Quartz) $SPY http://stks.co/c0K9G

— Kas (@jackdamn) Mar. 12 at 12:58 PM

Unprofitable Biotech IPOs: Back to Spring 2000 Highs (great study via @sentimentrader) $IBB $XBI http://stks.co/p08GZ

— andrewunknown (@andrewunknown) Mar. 22 at 11:55 AM

It feels to me that many investors will be trapped if they can’t adjust quickly to what looks like the end of some major market trends. I have been stopped out of $GOOG and some other software names that looked invincible in January. I still own some $TWTR and am locked up through May.

Watching the blood red today I am not too nervous , but I erxpect the headlines that will drum up big fear the next few days. I am watching the S&P more than the Nasdaq at the moment because we have barely budged. A more interesting chart at this point is the long term trend of the S&P:

keep big picture in mind: $SPX can drop another 100 points and still be in a strong bullish trend http://stks.co/i0Tah

— Trader Stewie (@traderstewie) Apr. 7 at 08:55 PM

Things could get a lot messier before any big trends of this major average are in jeopardy.

I like to think our Stocktwits community runs well ahead of the old media financial guard when it comes to sentiment and the ‘mood of the markets’. I asked them to come up with ‘Twitter is Dead” headlines and cover art that Barron’s might run with this week and here are my faves:

@howardlindzon Not ChartIQ but can't wait to get the technical analysis on that final candlestick! http://stks.co/g0U34

— David (@Icecoldfreezer) Apr. 8 at 05:24 PM

The Hello Kitty knife is genius.

Skrisiloff shared a chart on StockTwits

@howardlindzon I got this … http://stks.co/d0Pyk

— Cameron Forlong (@BlueFielder) Apr. 8 at 06:12 PM

Here is mine:

My Version of This weekend's Barron's Cover story on the 'Death of Twitter' $TWTR …which should be the bottom :) http://stks.co/h0Tve

— Howard Lindzon (@howardlindzon) Apr. 8 at 04:56 PM

Time to play defense. When the coast is clear, it will be way more obvious.