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Stocktwits Chart Art: September 16, 2024

The best charts and trade ideas from the day.

Author

Tom Bruni
September 16, 2024

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STOCKTWITS CHART ART: SEPTEMBER 16, 2024
The Stocktwits Summary 📝

U.S. stocks were mixed on the day, with weakness in Apple, Nvidia, and Broadcom dragging down the tech-heavy indexes. Meanwhile, small-caps remain well-bid, hoping Wednesday’s rate cuts will boost the indexes. 👀

Here’s how the major indexes ended the day:

Index

ST Sentiment Score

ST Message Volume

$SPY (+0.15%)

Bearish (34)

Normal (50)

$QQQ (-0.44%)

Neutral (49)

Normal (48)

$IWM (+0.36%)

Bullish (60)

Normal (54)

$DIA (+0.59%)

Bullish (57)

Normal (50)

*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
Cloud Stocks Emerge To Sunnier Skies 🌤️

With stocks continuing to move higher, investors continue to look for opportunities in emerging sectors and industry groups.

Stocktwits user @HoneyStocks pointed out that the cloud computing ETF $SKYY is breaking above resistance, saying it could target its 2021 highs next. 🎯

@Honeystocks | Pro | Top-Down Technicals | Equities/Options

$SKYY - Cloud Computing ETF breaking out? There are some interesting charts within the holdings of this one, might be worth checking out the best ones. Of course, both eyes firmly on the Fed on Wed as this break out could fail by end of the week. But, if it doesn't.....

Clearway Energy Eyes New Highs ⚡

@Dr_Stoxx | Pro | Technicals/Momentum | Equities/Futures/Options

$CWEN on my radar today after a Congresswoman discovered to be buying shares. Might be best bet on renewables. Also like $NEE.

Small-Caps Near Breakout From Multi-Year Base 🦐

@gpaisa | Pro | Technicals | Equities/Options

$IWM will FOMC be the trigger that launches small caps out of this monster multi-year consolidation?

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