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Stocktwits Chart Art: December 11, 2024
The best charts and trade ideas from the day.
Kyle Vallans
December 11, 2024
STOCKTWITS CHART ART: DECEMBER 11, 2024
The Stocktwits Summary 📝
Mega-cap strength propelled the Nasdaq to a new all-time high, driven by big tech giants like Alphabet, Apple, and Tesla. Markets rallied on a CPI report showing inflation rising as expected, boosting the likelihood of an interest rate cut next week. Oil climbed above $70 following new EU sanctions on Russian exports, while Bitcoin surged past $100,000.
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.77%) | Bullish (75) | High (59) |
$QQQ (+1.79%) | Extremely Bullish (86) | High (68) |
$IWM (+0.45%) | Bullish (60) | High (66) |
$DIA (-0.27%) | Bullish (62) | Normal (54) |
*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
All Time High Break On Tesla! 🚀
Tesla has reached a new all-time high after three years, while Musk’s wealth has surpassed $400 billion, making him the first person to ever achieve this milestone. StockTwits user @EingeLTrade highlights a clear flat-top breakout on Tesla’s chart, showcasing its relative strength.
NVIDIA’s Free Cash Flow Is Ridic! 📈
TJX Breakout In Sight 👀
PRESENTED BY STOCKTWITS
Brian Shannon (@alphatrends) Breaks Down VWAP
Pro trader and Stocktwits user Brian Shannon walks through the Anchored Volume Weighted Average Price (AVWAP) indicator and the repeatable market edge he’s developed over his 33-year career. Find out why “Only price pays!”