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Stocktwits Chart Art: October 17, 2024
The best charts and trade ideas from the day.
Tom Bruni
October 17, 2024
In partnership with
STOCKTWITS CHART ART: OCTOBER 17, 2024
The Stocktwits Summary 📝
Stocks came under pressure today, with the major averages closing mixed as energy bounced back and rate-sensitive sectors gave back some gains. Notably, speculation remains prominent, with three of the top five “most newly watched” stocks on the platform fundamentally shaky businesses (and that’s putting it nicely). 👀
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.01%) | Bearish (33) | Normal (53) |
$QQQ (+0.07%) | Bullish (59) | Normal (56) |
$IWM (-0.27%) | Bullish (70) | High (72) |
$DIA (+0.40%) | Bearish (40) | Normal (52) |
*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
Wix Is Getting Clicks As It Hits New All-Time Highs 🖱️
Tech stocks continue to rock and roll, though not always the same ones. As we’ve been talking about, the rotation is real, and traders continue to find new setups daily.
Stocktwits user @evanmedeiros pointed out Wix's breakout after a five-month consolidation, suggesting further upside is ahead for the website builder. 🧑💻
Thermal Management Company Makes New Highs 🔥
A Nice Find In The Pharma Space 🧐
Gold is Reaching All-Time Highs — Are You Capitalizing on this Trend?
ESGold Corp (CSE: ESAU) (OTC: SEKZF) offers a prime opportunity to capitalize on the surging gold market with a project forecasted to generate CAD $112M in revenue. With just $8M needed to finish its Montauban plant, production is expected to kick off in just six months.
What sets ESGold apart? They're not only tapping into gold and silver, but also cleaning up the environment by processing toxic mine tailings and restoring natural ecosystems. It’s a win for both investors and the planet.
Already up over 50% in the last month, ESGold Corp is a public company gaining momentum.
Disclaimer: This ad is paid for and disseminated on behalf of ESGold Corp (it is sponsored content). We do not own any securities of ESGold Corp. This ad contains forward-looking statements, which are not historical facts. These statements are based on the current beliefs and expectations of ESGold Corp’s management and involve known and unknown risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” and similar expressions often identify forward-looking statements. This is not financial advice, please do your own DD. See SEDAR+ for more information.