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- Stocktwits Chart Art: August 26, 2024
Stocktwits Chart Art: August 26, 2024
The best charts and trade ideas from the day.
Tom Bruni
August 26, 2024
STOCKTWITS CHART ART: AUGUST 26, 2024
The Stocktwits Summary 📝
It was mixed Monday in the markets as investors await Nvidias’s much-anticipated earnings on Wednesday. Notably, Stocktwits sentiment remains ‘neutral’ to ‘bearish,’ reflecting an overall cautious tone as we look to close out the summer trading season. 😐
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.24%) | Bearish (27) | Normal (48) |
$QQQ (-0.97%) | Bearish (38) | Normal (48) |
$IWM (+0.03%) | Neutral (45) | Normal (53) |
$DIA (+0.22%) | Bearish (33) | Normal (51) |
*The ST Sentiment Score & Message Volume scales range from 0 to 100 (extremely bearish to extremely bullish). More info here.
And here were Stocktwits’ top Trending symbols:
CHART OF THE DAY
Bonds Set Up For Their Next Leg Higher 💵
With the Fed expected to cut rates in September and several more times before year-end, several bond ETFs are back on traders’ radars.
Stocktwits user @Honeystocks pointed to the 20+ year treasury ETF ($TLT) attempting to break above resistance near $100 and the next upside target if prices clear this initial level. 🎯
Rate-Cut Rotation Continues… 💸
Biotech Bulls Flags Near Recent Highs 💊
