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Stocktwits Chart Art: November 12, 2024
The best charts and trade ideas from the day.
Kyle Vallans
November 12, 2024
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STOCKTWITS CHART ART: NOVEMBER 12, 2024
The Stocktwits Summary 📝
Markets saw a minimal shift towards risk aversion for the first time since Trump’s election, as tariff concerns nudged stocks lower. The dollar reached a six-month high, the yen dipped, and the crypto market faced brief morning pressure before recovering and closing strong (what else is new). Meanwhile, Netflix’s ad-supported plan reached 70 million users. 👀
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.32%) | Bearish (39) | Normal (50) |
$QQQ (-0.18%) | Neutral (53) | Normal (49) |
$IWM (-1.78%) | Bullish (56) | Normal (53) |
$DIA (-0.82%) | Bullish (57) | Normal (54) |
*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
TSLA Decisively Snaps Intraday Support 📉
Tesla shares traded lower today, ending a five-day rally that saw prices climb from $243 to $358.50 after Trump’s victory.
Stocktwits user @EveryTimeICash accurately called the intraday support break, highlighting the next support level on the hourly chart.
$TSLA closed the day down over 6%.
Gold’s Rally Cools Off: Recent Gains Fade💰️
Goldman Sachs: A Little Too Extended To Chase 👀
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