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Stocktwits Chart Art: August 29, 2024
The best charts and trade ideas from the day.
Tom Bruni
August 29, 2024
STOCKTWITS CHART ART: AUGUST 29, 2024
The Stocktwits Summary 📝
Today was flipped, with the stock market indexes going green while Nvidia shares dipped. Biotech remains a key area of focus for bulls as investors and traders recover from a wild ‘Nvidia Day’ and prep for a three-day weekend. 🙃
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.01%) | Bearish (29) | High (62) |
$QQQ (-0.15%) | Bearish (32) | High (65) |
$IWM (+0.71%) | Bullish (70) | High (56) |
$DIA (+0.62%) | Bullish (59) | High (60) |
*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
Biotech Bulls Keep Eying This Breakout 😬
Biotech has been a continued theme on Chart Art, with Stocktwits user @alphatrends among several people pointing to the popular industry ETF $XBI, which is pressing up against 2.5-year highs.
This is a heavily-anticipated breakout, with many expecting the industry group to catch up to strength in other areas of the healthcare sector. Time will tell if the bulls get their wish. 🥺
High Growth Fintech Flags Above Long-Term Trend 💵
Netflix’s Show Looks Ready To Go On 📺
