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Stocktwits Chart Art: November 14, 2024
The best charts and trade ideas from the day.
Kyle Vallans
November 14, 2024
STOCKTWITS CHART ART: NOVEMBER 14, 2024
The Stocktwits Summary 📝
Stocks cooled off for the third time in four sessions as Fed Chair Jerome Powell's cautious remarks weighed on sentiment. Powell signaled no rush for rate cuts despite limited progress on inflation, dimming hopes for a December trim. Treasury yields spiked on fresh PPI data before easing, and major indexes held near all-time highs, though last week’s post-election momentum is beginning to fade. 👀
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.64%) | Bearish (37) | High (55) |
$QQQ (-0.69%) | Neutral (54) | Normal (52) |
$IWM (-1.35%) | Neutral (47) | High (62) |
$DIA (-0.48%) | Bullish (67) | Normal (53) |
*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
All Eyes On NVDA: Semis Brace For A Year-End Pivot 🔍
Stocktwits user @BruniCharting notes that focus has recently shifted away from semi stocks (with crypto taking center stage) and suggests that $NVDA’s earnings next Wednesday, November 20th, will likely be the catalyst for the next move beyond this consolidation.
Denied! $HIMS Rejected At Critical Weekly Level 💊
Twilio Uptrend Broken ⚠️
Gap Fill Underway: Will $IWM Find A Floor? 🚨
