Stocktwits Chart Art: October 08, 2024

STOCKTWITS CHART ART: OCTOBER 08, 2024
The Stocktwits Summary 📝

Stocks rebounded on rumors that Israel won’t target Iran’s nuclear plants, only military targets. That pushed crude oil and safe-haven trades like gold lower, while U.S. stocks soared on the back of Nvidia’s breakout and the software sector’s new highs. 👀

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
Software Sector Cements Its Breakout 📈

For much of 2024, the tech sector has been riding the red-hot semiconductor industry's wave. However, the Stocktwits community has pointed out for months that other industry groups, like software and cybersecurity, have had the potential to play catchup.

And according to Stocktwits user @cfromhertz, that’s exactly what’s happening as the software ETF $IGV breaks out to new all-time highs.

It’s All Good As $HOOD Breaks Out 🤑

Samsara Slowly Breaks Out Of Its Base 👀

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