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Stocktwits Chart Art: July 30, 2024
The best charts and trade ideas from the day.
Tom Bruni
July 30, 2024
STOCKTWITS CHART ART: JULY 30, 2024
The Stocktwits Summary 📝
Another day, another decline in the S&P 500 and Nasdaq 100 driven by weakness in the semiconductor space. While the market awaits mega-cap tech earnings and the Fed’s latest decision, the Russell 2000 and Dow Jones Industrial Average remain decently big. 🙃
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.51%) | Bullish (67) | Normal (53) |
$QQQ (-1.37%) | Bullish (64) | Normal (52) |
$IWM (+0.38%) | Neutral (53) | Normal (47) |
$DIA (+0.47%) | Neutral (53) | Normal (51) |
*The ST Sentiment Score & Message Volume scales range from 0 to 100 (extremely bearish to extremely bullish). More info here.
And here were Stocktwits’ top Trending symbols:
CHART OF THE DAY
Nasdaq 100 ETF Finds Potential Support 🧐
With the broader market experiencing its largest pullback in months, everyone is trying to identify where prices will bottom. 🕵️
Stocktwits user @Professor offered a simple but timely perspective on the Nasdaq 100 ETF ($QQQ) stabilizing above the uptrend line from its Q4 lows.
As he said in his message, support should hold, but disappointing results from mega-cap technology could be the catalyst for the bears’ big break. 🐻
Broadcom Visits Bottom Of Channel After Failed Break 🔻
Novo Nordisk Needs Buyers To Show Up Here 😬
