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Stocktwits Chart Art: October 07, 2024

The best charts and trade ideas from the day.

Author

Tom Bruni
October 07, 2024

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STOCKTWITS CHART ART: OCTOBER 07, 2024
The Stocktwits Summary 📝

After a week of Chinese stocks soaring and sparking speculation across the board, U.S. stocks experienced some selling as the volatility index picked up. Still, the market’s fearless leader, Nvidia, somehow broke out and got the semiconductor sector moving to the upside. 👀

Here’s how the major indexes ended the day:

Index

ST Sentiment Score

ST Message Volume

$SPY (-0.90%)

Neutral (54)

Normal (50)

$QQQ (-1.07%)

Bullish (65)

Normal (48)

$IWM (-0.77%)

Bearish (44)

Normal (45)

$DIA (-0.90%)

Bearish (33)

Low (43)

*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 Just Started Its Next Leg Higher 📈

If you believe the market is going higher, then you likely want to see big tech leaders like Nvidia break out and continue leading to the upside.

Well, after four months of consolidation, Stocktwits user @SharePlanner says that’s exactly what we’re seeing in Nvidia right now. It was one of several semiconductor companies breaking out today despite the broader selling the market experienced. 🤩

Still, there’s clearly some skepticism about its ability to fight the market’s tide right now, with Stocktwits sentiment sitting in ‘bearish’ territory. Time will tell.

@SharePlanner | Pro | Technicals | Equities/Options

Break out of the 4 month resistance. $NVDA likely to see new all time highs from here.

Is MicroStrategy Finally Making Its Move? 🧐

@AskLou | Pro | Momentum | Equities/Futures/Options

$MSTR if you are inclined to invest in crypto, this is the leader. Today is a pocket pivot and the big breakout is $200. I'm long in size.

Genetic Testing Company Tests New All-Time Highs 🧬

@allstarcharts | Pro | Top-Down Technicals | Multi-Asset

Natera from our 2-to-100 Club making new all-time highs again - breaking out of a multi-year base $NTRA

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