STOCKTWITS CHART ART: SEPTEMBER 04, 2024
The Stocktwits Summary 📝

Tesla was today's big tech standout, rising 4% despite a mixed market environment. Defensives and low-volatility stocks remain favored among investors, with ‘boring’ and ‘low-growth’ companies like Philip Morris hitting new all-time highs. 🚬

Here’s how the major indexes ended the day:

Index

ST Sentiment Score

ST Message Volume

$SPY (-0.20%)

Extremely Bearish (15)

High (59)

$QQQ (-0.26%)

Extremely Bearish (15)

High (61)

$IWM (-0.17%)

Bearish (25)

High (62)

$DIA (+0.04%)

Extremely Bearish (22)

High (68)

*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
Tesla Turns Higher Despite Bearish Sentiment ⚡

With tech and electric vehicle stocks struggling lately, Tesla is taking out a short-term resistance level. 🧐

Stocktwits user @Professor alluded to the negativity surrounding this breakout, with Stocktwits community sentiment staying in ‘bearish’ territory despite improving price action. And it looks like he’s betting on further upside.

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