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Stocktwits Chart Art: November 04, 2024

The best charts and trade ideas from the day.

Author

Tom Bruni
November 04, 2024

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STOCKTWITS CHART ART: NOVEMBER 04, 2024
The Stocktwits Summary 📝

U.S. stocks had a mixed session as many wait on the sidelines ahead of tomorrow’s presidential election. While volatility is expected, money is still moving in a major way, with traders looking to capture the wild swings made available this week. 👀

Here’s how the major indexes ended the day:

Index

ST Sentiment Score

ST Message Volume

$SPY (-0.22%)

Bearish (39)

Normal (52)

$QQQ (-0.29%)

Bearish (44)

Normal (51)

$IWM (+0.51%)

Neutral (49)

Normal (47)

$DIA (-0.56%)

Bullish (57)

High (64)

*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
Stocks Break Out Despite Election Uncertainty 📈 

While many investors and traders are taking a more laid-back approach to this week’s potential volatility, others are still betting on current breakouts continuing regardless of where the broader market is headed.

Stocktwits user @SharePlanner pointed out a bull flag breakout in GM, which recently moved above resistance, consolidated, and is now continuing higher. 🚘️ 

@SharePlanner | Pro | Technicals | Equities/Options

Bull flag breakout taking place on $GM here. Major support underneath, just below $50, which would make for a good stop-loss placement.

Specialty Electronics Maker Nears New Highs 🏭️ 

@ivanhoff | Pro | Technicals/Momentum | Equities/Options

$TTMI has held its earnings gap and it is setting up for a potential follow-through.

Biotech Stock Sees Increased Activity 👀 

@ivanhoff | Pro | Technicals/Momentum | Equities/Options

Some biotech stocks like $CORT are starting to perk up. We will probably see more of that if interest rates pull back.

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