Stocktwits Chart Art: November 08, 2024

STOCKTWITS CHART ART: NOVEMBER 08, 2024
The Stocktwits Summary 📝

Happy Friday! What a week it was! Trump’s win pushed the market to new highs, small caps surged, Tesla led the charge, and the Fed cut interest rates. Some stocks are really accelerating on the upside and might soon need a breather—whether in price or time. 👀

Here’s how the major indexes ended the day:

*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
What Does Upstart Do??? It Goes Up! 👀 

Mr. Minervini, it really doesn’t matter what Upstart does! That’s how you should’ve answered it back in 2021! With that said, the less you knew, the better you did during the great Covid years. Damn, what a market it was! It’s not half bad right now. 😉 

But in all seriousness, Upstart reported strong earnings and an optimistic sales outlook, with a 43% sequential growth in lending volume thanks to improved predictive models— now, they aren’t just giving loans to anyone anymore!

Stocktwits user @diamondoptionsinc points out the wild extension in $UPST today and how people are still actively running after it in the options market (*many might just be rolling up their calls and shorting stock against it, you never truly know)

Nonetheless, it shows just how hard the bulls are partying if beaten-down stocks like this are soaring at neck-break speeds. The momentum will slow at some point, but traders are pressing their bets while they still can. 💸 

Palantir Is Gone! But Bulls Keep On Pressing 🐂 

Tasers, Man. This One Got Away! 👮‍♀️ 

Coinbase Posts A Clean Weekly Breakout 🙌