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Stocktwits Chart Art: May 15, 2024
The best charts and trade ideas from the day.
Tom Bruni
May 15, 2024
STOCKTWITS CHART ART: MAY 15, 2024
The Stocktwits Summary 📝
U.S. stock market indexes made new all-time highs today as investors and traders climbed the wall of worry. Despite the continued strength in U.S. and global stocks, the Stocktwits community’s sentiment for the major indexes has shifted decisively into bearish territory. What do they know??? 🤔
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+1.24%) | Bearish (33) | High (60) |
$QQQ (+1.56%) | Bearish (35) | High (62) |
$IWM (+1.25%) | Bearish (44) | High (59) |
$DIA (+0.94%) | Bearish (40) | 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
U.S. Major Averages Make New All-Time Highs 🥳
While plenty of reasons remain to be bearish on the economy and financial markets, price action continues to prove the bulls right. 🐂
Stocktwits user @Honeystocks posted a simple chart outlining four major U.S. index ETFs hitting new all-time highs today, asking bears to explain what will turn the tide in their direction.
After all, new all-time highs tend to be a positive medium and long-term catalyst for stock prices. With that as the backdrop, traders continue to take advantage of the fresh breakouts occurring in various sectors. 📈
Super Micro Leads The Semiconductor Surge ⚡
Cybersecurity ETF $HACK Is Bouncing Back 🛡️
Homebuilding Stock Sees Uptick In Demand 🏗️
Aerospace & Defense Stock Flies Under-The-Radar ✈️
Junior Gold Miners Clear Another Resistance Level ⚒️
Tesla’s Turnaround Story Remains Intact 🔋
Winter May Be Over For $SNOW Shares 🌡️
Bitcoin Breakout Targets All-Time Highs 🤩
MicroStrategy Soars Amid Bitcoin’s Fresh Breakout 🤑
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Disclaimer: Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy. Read the full terms & conditions here. 🔍
