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Stocktwits Chart Art: December 04, 2024
The best charts and trade ideas from the day.
Kyle Vallans
December 04, 2024
STOCKTWITS CHART ART: DECEMBER 04, 2024
The Stocktwits Summary 📝
The bull market continues to rip higher, with strength in software stocks and semiconductors driving the Nasdaq 100 to new all-time highs. The S&P tech sector ETF ($XLK) also pushed to new highs, while altcoins reached their $1.15 trillion milestone, and Bitcoin took another close shot at $100k. 🤑
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.62%) | Bullish (63) | Normal (54) |
$QQQ (+1.24%) | Extremely Bullish (82) | High (68) |
$IWM (+0.36%) | Bullish (67) | High (56) |
$DIA (+0.68%) | Bullish (61) | High (57) |
*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
Earnings Beats Met With Marvell-ous Results 🤩
Certain stocks like Marvell Technology were at or near new all-time highs ahead of their earnings reports, with results propelling their shares even higher. We’re in a momentum-driven market right now, and those stocks with strong technicals AND fundamentals are being favored heavily by investors and traders.
Shout out to Stocktwits user @HoneyStocks and others who caught the recent move and are looking for even more upside in the weeks and months ahead. 👏
Blockchain & High-Performance Computing Co. Surges 📈
Sketchers Chart Looks Ready To Run 👟
