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Stocktwits Chart Art: July 23, 2024
The best charts and trade ideas from the day.
Tom Bruni
July 23, 2024
STOCKTWITS CHART ART: JULY 23, 2024
The Stocktwits Summary 📝
It was a mixed day in the markets, with earnings driving most of the action in individual stocks and industry groups. Industrials were hot after earnings from Lockheed and GE Aerospace, while energy, semiconductors, and legacy media companies struggled. 🧐
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.16%) | Extremely Bearish (22) | Normal (53) |
$QQQ (-0.35%) | Extremely Bearish (21) | Normal (51) |
$IWM (+1.06%) | Bullish (60) | Normal (52) |
$DIA (-0.16%) | Bearish (42) | Low (41) |
*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
Aerospace & Defense Sector Sails Through Resistance 🛡️
Aerospace and Defense stocks were led higher today by Lockheed Martin and GE Aerospace after they reported strong quarterly results. Their leadership helped push the entire sector higher, including several popular ETFs.
Stocktwits user @andrewnyquist was one of many pointing to the ETF $XAR continuing its breakout of a 2-year base on the back of geopolitical tensions, strong travel demand, and an optimistic industry outlook. ✈️
GE Goes Even Higher After Earnings 😮
PureCycle Technologies Starts Its Next Upcycle 📈
