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Stocktwits Chart Art: August 09, 2024

The best charts and trade ideas from the day.

STOCKTWITS CHART ART: AUGUST 09, 2024
The Stocktwits Summary 📝

The major indexes closed mixed on the week, but bulls will take a nearly flat close after the recent volatility. Still, Stocktwits users remain cautious, with sentiment for three of the four major indexes closing in ‘bearish’ territory. 🥲

Here’s how the major indexes ended the day:

Index

ST Sentiment Score

ST Message Volume

$SPY (+0.44%)

Bearish (43)

Normal (53)

$QQQ (+0.52%)

Neutral (50)

Normal (51)

$IWM (-0.21%)

Bearish (38)

Low (42)

$DIA (+0.16%)

Bearish (44)

Normal (44)

*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
The Trade Desk Attempts Another Breakout 😮 

Stocktwits user @FlynancialAnalyst pointed out that The Trade Desk is perking up again after earnings and pushing up against long-term resistance near $100. 

Stocks like this, showing relative strength amid a long-term uptrend, are likely to remain on investors’ radars as they look for growth opportunities with clear risk/reward opportunities in this higher-volatility environment. 👀

Exxon Mobil Moves Back Towards Its Highs 🛢️

Upstart Launches Higher On AI Lending Hopes 💸

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