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Stocktwits Chart Art: October 30, 2024
The best charts and trade ideas from the day.
Tom Bruni
October 30, 2024
STOCKTWITS CHART ART: OCTOBER 30, 2024
The Stocktwits Summary 📝
Stocks sold off today because of a Super Micro Computer bombshell, AMD's lackluster earnings yesterday, and a hotter-than-expected jobs print. Not even Google and Visa’s positive results could help buoy the major indexes. However, Stocktwits sentiment in the Nasdaq 100 ETF is ‘extremely bullish,’ suggesting retail investors and traders may be looking to buy the dip. 👀
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.30%) | Bearish (32) | High (55) |
$QQQ (-0.76%) | Extremely Bullish (76) | High (59) |
$IWM (-0.14%) | Neutral (46) | Normal (51) |
$DIA (-0.18%) | Bearish (34) | Normal (47) |
*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
Eying Amazon Ahead Of Tomorrow’s Earnings 🧐
With a mixed bag of ‘Magnificent 7’ earnings so far, some Stocktwits users are still eying a potential setup in Amazon ahead of its results tomorrow after the bell.
@TheTradingAnalyst highlighted the tight consolidation in Amazon near its all-time highs, suggesting a bullish bias because of the technical pattern in the stock. Time will tell if his bullish bias is correct, but if not, he’s highlighted some potential trendline support in the low 170s. 😬
Buying Taiwan Semi’s Breakout Retest 🛒
Regional Banks Reach For The Skies 💸
