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Stocktwits Chart Art: December 20, 2024
The best charts and trade ideas from the day.
Kyle Vallans
December 20, 2024
STOCKTWITS CHART ART: DECEMBER 20, 2024
The Stocktwits Summary 📝
Major indexes closed the day higher, fueled by lower-than-expected November PCE data and rising optimism for an early Santa Claus rally, despite the volatility of a triple-witching Friday. At the same time, Bitcoin remained under pressure, failing to reclaim $100,000 as uncertainty lingered following recent Federal Reserve comments and record outflows on Spot Bitcoin ETFs.
Here’s how the major indices ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+1.20%) | Bearish (34) | High (72) |
$QQQ (+0.87%) | Neutral (45) | High (68) |
$IWM (+0.94%) | Bullish (81) | High (63) |
$DIA (+1.24%) | Bullish (75) | High (66) |
*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
Record Outflows Hit Bitcoin ETFs 📉
Spot Bitcoin ETFs saw record withdrawals, losing $671.9 million in a single day amid a broader market selloff. This outflow coincides with a weakening demand signal as CME futures premiums decline, further pressuring Bitcoin below $100,000.
Palantir Surges As Technical Breakout Confirms 🚀
BlackBerry Breaks Free From Downward Channel 🔥
PRESENTED BY STOCKTWITS
The Weekend Rip With Ben & Emil 🎁
In the second-to-last episode of 2024, Ben and Emil break down the Fed’s “hawkish cut,” Novo Nordisk’s worst day in 22 years, their latest Bitcoin leveraged and inverse ETF plays, and a review of the Stocktwits community’s top trades of 2024.