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Stocktwits Chart Art: August 20, 2024
The best charts and trade ideas from the day.
Tom Bruni
August 20, 2024
STOCKTWITS CHART ART: AUGUST 20, 2024
The Stocktwits Summary 📝
Stock market bears stopped the bulls from extending their win streak to a historic nine days, with bonds and the yen catching a bid instead. While many traders and investors are at the beach for the last two weeks of summer, others are still finding opportunities to squeeze out some extra alpha. 💪
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.16%) | Bullish (57) | Normal (52) |
$QQQ (-0.21%) | Neutral (52) | Normal (51) |
$IWM (-1.17%) | Neutral (46) | Normal (46) |
$DIA (-0.13%) | Neutral (45) | 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
Buyers Searching For Catchup Play Eye Google 🔍
With many tech stocks nearing new all-time highs, some investors and traders are looking for laggards to play catch up.
Stocktwits user @TRADING_TEMPLAY shared a chart of Alphabet shares breaking through a downtrend line after stabilizing above their 200-day moving average. Additionally, momentum indicators like RSI and MACD are turning higher, suggesting bulls have retaken control. 🐂
Biosciences Stock Breaks To New Highs 💉
Wix’s Stock Chart Is Getting The Clicks 🌐
