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Stocktwits Chart Art: August 13, 2024
The best charts and trade ideas from the day.
Tom Bruni
August 13, 2024
STOCKTWITS CHART ART: AUGUST 13, 2024
The Stocktwits Summary 📝
Better-than-expected inflation data helped get the bulls back on track, with tech and offensive market sectors leading. Traders are still finding opportunities in a number of areas ranging from healthcare to consumer discretionary. 🕵️
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+1.64%) | Bullish (58) | Normal (50) |
$QQQ (+2.48%) | Neutral (47) | Normal (47) |
$IWM (+1.65%) | Neutral (54) | Low (44) |
$DIA (+1.02%) | Bullish (65) | Normal (48) |
*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
Identifying Stocks With The Potential To Rocket 🚀
In a world of relative performance, everyone has their own “secret sauce” for identifying stocks they feel will beat their alternatives for the timeframe and goals they have in the market. 🧑🍳
Stocktwits user @lcc007 shared some insight into his process today, outlining how he looks for the strongest stocks in the strongest sectors and industry groups.
His example was Rocket Companies, which we recently featured in this newsletter as it catches a bid amid growing rate cut hopes. 🏘️
Neurocrine Biosciences Builds A Higher-Level Base 💊
An Eye $ONON This Shoe Stock After Earnings 👀
