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- Stocktwits Chart Art: August 12, 2024
Stocktwits Chart Art: August 12, 2024
The best charts and trade ideas from the day.
Tom Bruni
August 12, 2024
STOCKTWITS CHART ART: AUGUST 12, 2024
The Stocktwits Summary 📝
It was a mixed day in the market, with the indexes closing near the flatline and defensive assets like gold shining amid geopolitical tensions. Still, traders are finding opportunities in a variety of sectors. 🕵️
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.05%) | Bearish (41) | Normal (48) |
$QQQ (+0.22%) | Bullish (57) | Low (44) |
$IWM (-0.90%) | Normal (51) | Low (39) |
$DIA (-0.35%) | Bullish (60) | Low (43) |
*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
Gold Grabs Top Spot Amid Rising Global Tensions 🛡️
Rising Middle East tensions caused investors to reach for defensive assets, with gold and silver closing near the highs, trailing only crude oil on today’s market scoreboard. 💪
While this weekend’s geopolitical activity gave the precious metal a short-term boost, Stocktwits user @crosshairtrader’s chart highlights that this move is part of the broader strength gold has shown throughout 2024.
He and other traders are awaiting confirmation that this breakout is the real deal before jumping in, but what’s clear is that this asset and its peers are on investors' radars ahead of this week’s U.S. inflation data. 🧐
AstraZeneca Makes A New All-Time High 💊
Public Sector Software Stock Sits At New Highs 😮
