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Stocktwits Chart Art: December 16, 2024
The best charts and trade ideas from the day.
Kyle Vallans
December 16, 2024
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STOCKTWITS CHART ART: DECEMBER 16, 2024
The Stocktwits Summary 📝
The market started the final full week of 2024 on a mixed note. The Nasdaq reached a record high, fueled by strong performance from Tesla (+6%) and Broadcom (+11%). Meanwhile, the Dow slipped into negative territory as healthcare stocks fell sharply following Donald Trump’s pledge to crack down on industry middlemen.
Here’s how the major indices ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.42%) | Bearish (39) | Normal (54) |
$QQQ (+1.45%) | Bullish (57) | High (65) |
$IWM (+0.61%) | Bullish (60) | Normal (53) |
$DIA (-0.22%) | Bullish (74) | 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
MicroStrategy Breaks Through Recent Consolidation 🚀
MicroStrategy shares surged to $448 in overnight trading on Sunday after news of the company's inclusion in the Nasdaq 100. However, a late-day sell-off left the stock closing unchanged by the end of the session.
@Professor, a longtime Stocktwits user, highlighted the higher time-frame wedge breakout on the chart.
What’s next for this Bitcoin-focused holding company?
Walmart Breakout On Deck 📊
Chewy Climbs Toward Heavy Resistance 🧗
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