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Stocktwits Chart Art: September 19, 2024
The best charts and trade ideas from the day.
STOCKTWITS CHART ART: SEPTEMBER 19, 2024
The Stocktwits Summary 📝
U.S. stocks soared to new all-time highs on the back of a broad-based global rally. Investors and traders adopted an optimistic view of the Fed kicking off its easing cycle with a 50 bps bang. Defensive stocks lagged on the day, with tech and other cyclical sectors shining. 💪
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
---|---|---|
$SPY (+1.70%) | Bearish (27) | High (69) |
$QQQ (+2.53%) | Neutral (45) | High (70) |
$IWM (+2.06%) | Extremely Bullish (76) | Extremely High (76) |
$DIA (+1.25%) | Bullish (63) | High (63) |
*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
Crinetics Pharma Keeps On Creeping Higher 🤫
The healthcare sector and its subindustry groups continue to top investors' and traders’ watchlists, and a variety of stocks are working their way higher.
Stocktwits user @Wigglyick highlighted an underfollowed stock, Crinetics Pharma, that is consolidating just below all-time highs. Based on the stock’s momentum and relatively small following, he’s betting on new all-time highs in this stock soon. 📈