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Stocktwits Chart Art: September 27, 2024
The best charts and trade ideas from the day.
STOCKTWITS CHART ART: SEPTEMBER 27, 2024
The Stocktwits Summary š
Stocks closed out another week in the green with mixed daily performance. What was up went down, and what was down went up as the energy sector led and technology lagged. Still, traders continue to eye new movers on the long side, with an occasional downside idea coming into play. š¤·
P.S. Weāre celebrating the 10,000 subscriber mark here on Chart Art with a āSpecial Editionā on Sunday highlighting the ten best ideas shared in the newsletter since its launch in April. š¤©
Hereās how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
---|---|---|
$SPY (-0.15%) | Bearish (44) | Normal (52) |
$QQQ (-0.56%) | Extremely Bearish (24) | Normal (54) |
$IWM (+0.68%) | Bullish (55) | High (57) |
$DIA (+0.32%) | Extremely Bullish (86) | Extremely High (76) |
*The ST Sentiment Score & Message Volume scales range from 0 to 100 (extremely bearish to extremely bullish). More info here.
And here were Stocktwitsā top Trending symbols:
CHART OF THE DAY
$TCOM Completes Its Trip To New Highs āļø
China stocks have been all the rage this week, with many big names playing catch-up while others push to new all-time highs. š
Stocktwits user @ATMcharts pointed out travel service provider Trip.com, which made new all-time highs this week following Chinaās stimulus announcements.
The stock last made new highs in 2017, so many are watching to see if this is a larger structural breakout or if prices fail to exceed these levels again. š§