Stocktwits Chart Art: October 04, 2024

STOCKTWITS CHART ART: OCTOBER 04, 2024
The Stocktwits Summary 📝

Better-than-expected employment data fortified the “soft landing” calls and helped the U.S. major indexes recover into slightly positive territory for the week. Below the surface, the speculative activity continues, with companies like AMTD Digital, Phoenix Motor, and others dominating the streams. 💸

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 If Bonds Haven’t Bottomed For The Cycle… 🤔

With today’s nonfarm payrolls report showing a stronger-than-expected labor market in the U.S., some market participants are beginning to wonder whether the risk in bonds remains to the downside. 😬

That’s the question Stocktwits user @chessNwine posed to the community today, showing the 20+ year Treasury ETF $TLT with a potential “bear flag” pattern that may suggest further downside ahead.

With the Fed thinking that inflation has been tamed, continued strength in the economy and an uptick in inflation could cause a rush out of bonds right when everyone seemed to agree that rates were finished rising. Time will tell, but it’s a possibility (or risk) worth keeping an open mind towards. 👀

Leaving No Stone Unturned Looking For Trades 🕵️

CVS Health’s Chart Begins To Look Healthier ❤️‍🩹

STOCKTWITS “TRENDS WITH FRIENDS”
Why Investors Can No Longer Ignore Chinese Stocks 🤯