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- Stocktwits Chart Art: October 24, 2024
Stocktwits Chart Art: October 24, 2024
The best charts and trade ideas from the day.
STOCKTWITS CHART ART: OCTOBER 24, 2024
The Stocktwits Summary 📝
Consumer discretionary stocks cruised higher today on the back of Tesla’s earnings results and 22% jump. The stock added $150 billion in market cap alone, with traders expecting it to challenge its year-to-date (YTD) highs in the coming days and weeks. Earnings continue to drive the day-to-day moves, and traders are taking advantage of the volatility. 👀
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
---|---|---|
$SPY (+0.22%) | Extremely Bearish (23) | High (56) |
$QQQ (+0.81%) | Bearish (39) | High (56) |
$IWM (+0.22%) | Bullish (68) | Normal (54) |
$DIA (-0.32%) | Bearish (43) | 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
The Small-Cap Move Is Coming 👀
For the last few months, we’ve discussed the small-cap Russell 2000’s potential catch-up to its large-cap peers, as many investors bet on a big comeback. One Stocktwits user believes the time is now and is “betting the farm” on small-caps.
We’ll let @2kaykim’s post speak for itself. 👇️
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