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Stocktwits Chart Art: October 22, 2024
The best charts and trade ideas from the day.
Tom Bruni
October 22, 2024
STOCKTWITS CHART ART: OCTOBER 22, 2024
The Stocktwits Summary 📝
U.S. stocks had a mixed day, with crude oil continuing to rise and precious metals pumping. Foreign stocks took a breather, while consumer staples saw a major boost from Philip Morris’ strong quarterly results. All eyes turn to Tesla earnings tomorrow after the bell to set the tone for the rest of the week. 👀
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.05%) | Extremely Bullish (84) | Normal (54) |
$QQQ (+0.11%) | Bullish (74) | High (58) |
$IWM (-0.38%) | Bearish (39) | Normal (53) |
$DIA (-0.01%) | Neutral (49) | Low (44) |
*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
General Motors Makes Its Earnings Move 🚘️
The automaker had its best day since 2020 after reporting a third straight quarterly “triple beat.” Strength in its North American pricing helped drive optimism and push Stocktwits community sentiment into “extremely bullish” territory.
From a technical perspective, the stock is also making a move, as Stocktwits user @TheProphetOfProfit pointed out below. If prices stay above $50, this breakout is intact and targets higher prices in the days and weeks ahead. 📈
Railroads Stay On The Trail To All-Time Highs 🚂
Bitcoin Retests Its Breakout Level 🧐
