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Stocktwits Chart Art: November 27, 2024
The best charts and trade ideas from the day.
Kyle Vallans
November 27, 2024
STOCKTWITS CHART ART: NOVEMBER 27, 2024
The Stocktwits Summary 📝
Rotation out of mega-cap stocks ahead of Thanksgiving weighed on markets, with both the S&P 500 and the Nasdaq closing the day red. Inflation data came in as expected, while Treasury yields slid to a one-month low. Tech underperformed as Dell and Nvidia faced pressure, but cyclical sectors like real estate and energy showed strength.
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.32%) | Bullish (69) | Normal (54) |
$QQQ (-0.79%) | Bullish (77) | High (61) |
$IWM (+0.14%) | Bearish (40) | Normal (50) |
$DIA (-0.24%) | Bullish (64) | High (60) |
*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
NVIDIA Digs Into Prior Support 🖥️
Today, semiconductors showed broad weakness, with NVIDIA (NVDA) closing the day red.
Stocktwits user @ChristopherBrecher highlights NVDA's pullback into prior highs, noting that while it's trading below its 50-day SMA, these prior levels serve as key support.
Semiconductors Break Below Their 200 Day 📉
Coinbase Eyeing A Bullish Break 🎯
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