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Stocktwits Chart Art: September 11, 2024
The best charts and trade ideas from the day.
Tom Bruni
September 11, 2024
STOCKTWITS CHART ART: SEPTEMBER 11, 2024
The Stocktwits Summary 📝
It was a wild day in the markets following inflation data that met expectations. Bulls ultimately regained control and closed the market green. Semiconductor stocks were the major bright spot as investors finally looked to buy the dip in hyper-growth names. 🛒
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+1.03%) | Bullish (56) | Extremely High (75) |
$QQQ (+2.11%) | Bullish (72) | High (66) |
$IWM (+0.30%) | Extremely Bullish (77) | High (65) |
$DIA (+0.25%) | Neutral (46) | 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
Semi ETF Could Slingshot Off Support 🚀
Popular semiconductor ETF $SMH is back on traders radars, with some in the Stocktwits community suggesting it could be set to take off again. 🤔
Stocktwits user @2kaykim shared a chart showing prices revisiting an important moving average, which prices more than doubled from after their visit in late 2023.
Whether or not history will repeat itself remains to be seen, but between this and the sector’s renewed strength this week, traders and investors alike are monitoring this move closely. 🕵️
$APP Moves Up And To The Right 📈
This Stock Could Move $FAST Above 71 💨
