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Stocktwits Chart Art: December 30, 2024

The best charts and trade ideas from the day.

Author

Kyle Vallans
December 30, 2024

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STOCKTWITS CHART ART: DECEMBER 30, 2024
The Stocktwits Summary 📝

All major indices closed in the red as the year winds down, leaving slim hopes for a last-minute "Santa rally." MicroStrategy slid more than 8% alongside Bitcoin's drop, while Boeing shares fell after a tragic plane crash in South Korea. On the upside, natural gas surged 15% on forecasts of a colder-than-expected start to the new year along the East Coast.

Here’s how the major indices ended the day:

Index

ST Sentiment Score

ST Message Volume

$SPY (-1.13%)

Bullish (68)

High (58)

$QQQ (-1.34%)

Bullish (55)

Normal (54)

$IWM (-0.77%)

Bullish (72)

Normal (52)

$DIA (-0.98%)

Bullish (64)

Normal (53)

*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
Wedge Tightening For Bitcoin ETF 🚀 

Bitcoin’s pullback to just over $91,000 has sparked the formation of a higher time frame wedge pattern in Bitcoin-related stocks and ETFs.

Stocktwits user @Dr_Stoxx suggests that as the dollar continues to weaken, a breakout in the Bitcoin Trust ETF could be on the horizon.

@Dr_Stoxx | Pro | Momentum | Equities/Options/Futures

$IBIT: bitty plays have gone nowhere since early November. With the dollar showing signs of weakness, and likely to get a haircut after Jan 20, we should see this breakout the wedge soon.

Nat Gas Surges As Cold Front Approaches ❄️ 

@wha1e | Pro | Global Macro | Equities

$UNG $WTI A weather cold front is coming and nat gas futures are up

AST SpaceMobile Breaks Back Inside The Wedge 📈 

@Thelonius_Stonk | Pro | Technical | Equities/Options

$ASTS i love these broken pattern setups. v bullish back in the wedge, rekt beneath. ez

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