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Stocktwits Chart Art: December 05, 2024
The best charts and trade ideas from the day.
Kyle Vallans
December 05, 2024
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STOCKTWITS CHART ART: DECEMBER 05, 2024
The Stocktwits Summary 📝
It was the first broad-based down day for the U.S. major indexes, with the mega-cap giants finally catching down to the weakness small-caps have been experiencing. The market continues to digest recent economic data and commentary, though earnings and year-end positioning continue to drive most stocks. As of writing this, Bitcoin just cracked back below 100k in rapid fashion, keeping this Friday eve interesting. 🙃
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.16%) | Bearish (29) | High (58) |
$QQQ (-0.28%) | Bullish (61) | High (62) |
$IWM (-1.17%) | Neutral (54) | High (60) |
$DIA (-0.50%) | Bearish (32) | 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
I $SPY A Potential Reversal 🧐
Stocks experienced their first broad-based down day of the week, with large-cap tech finally taking a rest and failing to hold up the S&P 500 and Nasdaq 100. Stocktwits user @Dr_Stoxx highlighted today’s move as a potential reversal sign, noting several previous downturns resulting from similar conditions.
SoundHound Volume Soars After Major Breakout 📈
A Sweet Setup In Crypto Token $SUI 😋
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