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Stocktwits Chart Art: May 21, 2024
The best charts and trade ideas from the day.
Tom Bruni
May 21, 2024
STOCKTWITS CHART ART: MAY 21, 2024
The Stocktwits Summary 📝
It was another light volume day in the U.S. stock market as traders and investors await Nvidia’s earnings. In the meantime, stocks continue to break out in this low-volatility environment, creating opportunities across various sectors. 📈
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.24%) | Neutral (45) | Normal (48) |
$QQQ (+0.19%) | Bullish (71) | Normal (50) |
$IWM (-0.10%) | Bullish (61) | Normal (50) |
$DIA (+0.18%) | Neutral (51) | Low (44) |
*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
Market Volatility Levels Grind To A Halt 😴
When the stock market is at all-time highs, it’s unsurprising that we’re also in a low-volatility environment. Stocktwits user @johnkicklighter shared a chart of the S&P 500 Volatility Index’s (VIX) 4-day historical range, showing that it is the smallest in years.
Whether or not that means we’re due for a bout of volatility remains to be seen, but for now, traders continue to take advantage of the low-volatility environment to make hay while the sun is shining. 🌞
Asset Manager Moves To New All-Time Highs 🤑
Another Asset Manager Nears A Major Breakout 🧐
Eli Lilly Shares Are Poised To Gain More Weight 📈
Another Semiconductor Stock Is Soaring 🤩
GE’s Energy Venture Is Picking Up Steam Again 🔋
Buyers Eye Amazon’s Pullback Into Its Moving Averages 🛒
Oil Services ETF Is Surging Past Resistance 🛢️
Tesla Is Still Quietly Turning Higher ⚡
Energy Stock Continues To Bloom Out Of The Ashes 🌱
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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. 🔍
