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Stocktwits Chart Art: December 17, 2024
The best charts and trade ideas from the day.
Kyle Vallans
December 17, 2024
STOCKTWITS CHART ART: DECEMBER 17, 2024
The Stocktwits Summary 📝
The indices tumbled across the board today, with the Dow logging its longest losing streak since 1978 at nine days. Treasury yields, gold, and oil were mostly flat ahead of the Fed’s interest rate decision tomorrow, while Bitcoin continues to hold up strong.
Here’s how the major indices ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.42%) | Neutral (54) | High (59) |
$QQQ (-0.43%) | Bearish (38) | High (56) |
$IWM (-1.15%) | Bullish (82) | High (59) |
$DIA (-0.64%) | Neutral (51) | High (81) |
*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
Dow Jones Losing Streak Reaches 9 Days 🛑
The Dow Jones has notched 9 consecutive losing days, marking its longest losing streak since 1978.
Stocktwits user Dr_Stoxx notes that the Dow has pulled back to its 50-day moving average after overnight selling led to its largest gap down during this 9-day slide.
Are we due for a bounce soon, or will we continue to leak on down?
Goldman’s Bear Signal Approaches Extreme Levels 🚨
Lowe’s Breaches Key Support 📉
PRESENTED BY STOCKTWITS
The Last “Trends With Friends” Of 2024 👀
Howard, Phil, Michael, and Riley are joined by special guests Ben Cahn (The Ben & Emil Show and Weekend Rip) and Tyler Denk (Beehiiv) to discuss the future of email, owning your audience, network effects, and leveraging AI to drive efficiency.
Plus, Ben has an epic Elon Musk rant you won’t want to miss. Trust us. 😂