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Stocktwits Chart Art: April 12, 2024

The best charts and trade ideas from the day.

STOCKTWITS CHART ART: APRIL 12, 2024
The Stocktwits Summary 📝

Rate cut concerns, weaker-than-expected bank earnings, and heightened Middle East tensions allowed bears to continue pouncing on risk assets, with most closing down on the day (and week). 🔻

Here’s how the major indexes ended the day:

Index

ST Sentiment Score

ST Message Volume

$SPY (-1.38%)

Bearish (33)

High (64)

$QQQ (-1.59%)

Bullish (62)

High (63)

$IWM (-1.78%)

Bullish (55)

High (55)

$DIA (-1.21%)

Neutral (45)

High (69)

*The ST Sentiment Score & Message Volume scales range from 0 to 100 (extremely bearish to extremely bullish). More info here.

And here were Stocktwits’ top Trending symbols:

CHART OF THE DAY
Moving Averages Present Potential Support Levels 🛡️

With the stock market’s tape turning red this week, traders and investors are looking for signs that the decline is slowing before they dip their toes back into the water. 🕵️‍♂️

One of the most basic tools being employed is a moving average across commonly tracked timeframes, such as 20 days, 50 days, 100 days, and 200 days.

With many of the major indexes already below their 50-day moving average, @ACInvestorBlog is looking at the 100-day moving average and former support/resistance levels and eying a potential bottom into next week. 👀

Financials Fail To Eclipse Prior Highs Amid Earnings ⛔

Volatility Index Graduates To Adulthood 🎓

Probabilities Favor Buying The Healthcare Pullback 💰

This Stock’s Relative Strength $TELls A Bullish Story 👀

South Korea’s “Amazon” Soars In A Sour Tape 🛒

Silver Is Due For A Short-Term Slowdown 🛑

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