Stocktwits Chart Art: December 05, 2024

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STOCKTWITS CHART ART: DECEMBER 05, 2024
The Stocktwits Summary 📝

It was the first broad-based down day for the U.S. major indexes, with the mega-cap giants finally catching down to the weakness small-caps have been experiencing. The market continues to digest recent economic data and commentary, though earnings and year-end positioning continue to drive most stocks. As of writing this, Bitcoin just cracked back below 100k in rapid fashion, keeping this Friday eve interesting. 🙃 

Here’s how the major indexes ended the day:

*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
I $SPY A Potential Reversal 🧐 

Stocks experienced their first broad-based down day of the week, with large-cap tech finally taking a rest and failing to hold up the S&P 500 and Nasdaq 100. Stocktwits user @Dr_Stoxx highlighted today’s move as a potential reversal sign, noting several previous downturns resulting from similar conditions.

SoundHound Volume Soars After Major Breakout 📈 

A Sweet Setup In Crypto Token $SUI 😋 

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Bitcoin On Its Way To $110k After Breakout Retest 🪙 

Buyers Wait To See If $AMAT Support Breaks 😬 

AI Drone Solutions Stock Sets Up Again 🤖 

Nvidia Nears News Highs After Finding Its Footing 🤩 

Roblox Builds On Its Recent Breakout 🎮️ 

An Attractive Bottoming Setup In Celsius Holdings 🤔 

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Written by Kyle Vallans. Send me your feedback by replying directly to this email. 📧

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