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- Stocktwits Chart Art: August 16, 2024
Stocktwits Chart Art: August 16, 2024
The best charts and trade ideas from the day.
Tom Bruni
August 16, 2024
STOCKTWITS CHART ART: AUGUST 16, 2024
The Stocktwits Summary 📝
U.S. stocks closed out a strong week of gains, while gold and precious metals shined. Traders continue to find opportunities, with setups ranging from fresh trend breakouts to reversal trades and everything in between. 👍
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.21%) | Bullish (65) | Normal (52) |
$QQQ (+0.13%) | Neutral (49) | Normal (48) |
$IWM (+0.28%) | Neutral (53) | Normal (45) |
$DIA (+0.30%) | Neutral (47) | Normal (46) |
*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 Stocks Play Catchup As Commodity Hits ATHs ⚒️
With gold breaking out to new all-time highs, it’s not surprising to see mining stocks also breaking through key levels.
Stocktwits user @2kaykim shared a chart of Barrick Gold breaking a multi-year downtrend line, which technicians suggest could put the bull's long-term hopes back on track. 👍
Polestar Pops Back On Traders’ Radars ⚡
Mid-Cap Healthcare Stock Finds Support ❤️🩹
