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Stocktwits Chart Art: September 12, 2024
The best charts and trade ideas from the day.
Tom Bruni
September 12, 2024
STOCKTWITS CHART ART: SEPTEMBER 12, 2024
The Stocktwits Summary 📝
Inflation and employment data continue to cooperate, supporting a rate cut and giving bulls the courage to continue buying. Technology was once again the bright spot, as Stocktwits sentiment for all the major indexes pushed into ‘bullish’ or ‘extremely bullish’ territory. 🐂
P.S. I’m currently in Toronto speaking at a conference, so Friday’s Chart Art will be delivered on Sunday by 5 pm ET. Thanks for your understanding!
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.84%) | Bullish (56) | High (62) |
$QQQ (+0.98%) | Bullish (69) | High (62) |
$IWM (+1.29%) | Extremely Bullish (83) | High (55) |
$DIA (+0.66%) | Extremely Bullish (77) | Normal (53) |
*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
Crypto Miner $CORZ Keeps Perking Up 🧐
While cryptocurrencies themselves remain choppy, some crypto-linked stocks continue to hold up better than others.
Stocktwits user @TRADING_TEMPLAR highlighted Core Scientific, a digital asset miner that continues to form a constructive base following its move higher in the early summer months. He’s keeping his positions on and potentially looking to add once prices break from this consolidation. 💸
“Less Lethal” Self-Defense Company Breaks Out 🛡️
Roblox Isn’t Playing Around After Clearing Resistance 💪
