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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. 👇️ 

Viking Therapeutics Pops Above Resistance 💉 

Mid-Cap Nuclear Stock Sets Up Again ☢️ 

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