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- Stocktwits Chart Art: September 24, 2024
Stocktwits Chart Art: September 24, 2024
The best charts and trade ideas from the day.
STOCKTWITS CHART ART: SEPTEMBER 24, 2024
The Stocktwits Summary 📝
After an initial flush at the opening bell, bulls battled back with Nvidia, Salesforce, Uber, and a few other big boys, buoying the market back to a new record high. Traders continue to find opportunities on the long side, especially overseas, where China has unveiled a massive stimulus package. 🌏
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
---|---|---|
$SPY (+0.29%) | Bearish (41) | Normal (50) |
$QQQ (+0.48%) | Bearish (29) | Normal (53) |
$IWM (+0.17%) | Bullish (57) | Normal (53) |
$DIA (+0.24%) | Bullish (55) | High (58) |
*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
China Says No Stock Will Be Left Behind 🖨️
One of the big themes that the Stocktwits community has quietly been bullish on over the last few months, and today, that theme got a major boost. China’s government basically said it’s tired of being the world’s saddest economy and market, unveiling a major package of measures to boost them.
That got investors’ and traders’ attention, with Stocktwits user @MadM sharing the chart of popular China ETF $FXI popping to its highest level since July 2023 and suggesting more upside is ahead. 🤑
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