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Stocktwits Chart Art: October 02, 2024

The best charts and trade ideas from the day.

STOCKTWITS CHART ART: OCTOBER 02, 2024
The Stocktwits Summary 📝

It was another mixed day for U.S. stocks, with Chinese names remaining the core focus for traders looking for quick moves to the upside. However, below the surface, our community continues to surface interesting setups on both the long and short sides of underfollowed stocks/crypto. 🔍

Here’s how the major indexes ended the day:

Index

ST Sentiment Score

ST Message Volume

$SPY (+0.04%)

Bullish (55)

High (56)

$QQQ (+0.14%)

Bullish (55)

High (58)

$IWM (-0.14%)

Extremely Bearish (24)

Normal (50)

$DIA (+0.10%)

Extremely Bearish (24)

High (55)

*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
A Very Exciting Setup In $VERX 🤩

Tax compliance software and services may not be sexy, but they can make for good businesses. With software stocks being the latest tech industry group to catch a bid, the industry is seeing renewed attention on underfollowed names.

Stocktwits user @Dr_Stoxx highlighted Vertex Inc.’s breakout to new all-time highs just over two years after it fell 75% from its 2021 peak. He and others in the Stocktwits community are looking for further upside in this mid-cap name with just 335 followers on our platform. 🕵️

Drunkenmiller’s Top Holding Nears New Highs 🧐

Nuclear Stocks Remain Hot 🔥

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