Stocktwits Chart Art: December 20, 2024

STOCKTWITS CHART ART: DECEMBER 20, 2024
The Stocktwits Summary 📝

Major indexes closed the day higher, fueled by lower-than-expected November PCE data and rising optimism for an early Santa Claus rally, despite the volatility of a triple-witching Friday. At the same time, Bitcoin remained under pressure, failing to reclaim $100,000 as uncertainty lingered following recent Federal Reserve comments and record outflows on Spot Bitcoin ETFs.

Here’s how the major indices 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
Record Outflows Hit Bitcoin ETFs 📉 

Spot Bitcoin ETFs saw record withdrawals, losing $671.9 million in a single day amid a broader market selloff. This outflow coincides with a weakening demand signal as CME futures premiums decline, further pressuring Bitcoin below $100,000.

Palantir Surges As Technical Breakout Confirms 🚀

BlackBerry Breaks Free From Downward Channel 🔥

PRESENTED BY STOCKTWITS
The Weekend Rip With Ben & Emil 🎁 

In the second-to-last episode of 2024, Ben and Emil break down the Fed’s “hawkish cut,” Novo Nordisk’s worst day in 22 years, their latest Bitcoin leveraged and inverse ETF plays, and a review of the Stocktwits community’s top trades of 2024.

Match Group Gaining Momentum 🧑‍🤝‍🧑 

Toyota’s Technical Setup Looks Promising 🚗 

Planet Labs Pulls Back Into Key Support 🌍

Deckers Leaves Competitors Behind 👟 

Microsoft Retest Key Moving Average 🕵️

Healthy Pullback For Vertiv Holdings 👀 

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