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Stocktwits Chart Art: May 24, 2024
The best charts and trade ideas from the day.
Tom Bruni
May 24, 2024
STOCKTWITS CHART ART: MAY 24, 2024
The Stocktwits Summary 📝
It was a quiet day to close off a quiet week in the U.S. stock market, with the S&P 500 posting its smallest weekly change in more than three years. The S&P 500 and Nasdaq 100 continue to trade leadership places as investors try to identify the market’s next leadership group. But for now, we’re all off to the beach (or somewhere else) for the Memorial Day holiday. 🤹
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.66%) | Bearish (32) | Normal (52) |
$QQQ (+0.95%) | Neutral (45) | High (55) |
$IWM (+1.11%) | Bullish (59) | Normal (48) |
$DIA (-0.01%) | Bearish (40) | 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
Traders Eye New Opportunities In Chinese Stocks 🕵️
Chinese stocks have become increasingly popular over the last month as their prices bounced back and famous fund managers revealed positions in the country’s biggest names.
However, traders are not just finding opportunities in the same few names. For example, Stocktwits user @AskLou outlined his trade in lifestyle product and pop toy designer/seller MINISO Holdings Group, sharing his technical view on why the stock looks poised to head higher from here. 👀
Texas Roadhouse’s Trend Still Looks Juicy 🥩
T-Mobile’s Stock Is Calling Traders Back Again ☎️
Crocs Is Taking Another Step Forward 🩴
Ebay Shares Change Hands At A 2-Year High 💸
Robhinhood Peaks It Head Out Above The Clouds 👀
Palantir Is Almost Clear Of Its Problems 🤨
Datadog Due To Go On A Run 🐕
Domestic Solar Stock May Have Its Time In The Sun 🌞
Buying The Dip In A Dividend Darling 💵
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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. 🔍
