Stocktwits Chart Art: November 21, 2024

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STOCKTWITS CHART ART: NOVEMBER 21, 2024
The Stocktwits Summary 📝

Major indices had their fourth straight day of gains, with strength in small caps leading the way. Industrials, financials, and materials outperformed, semiconductors rallied on Nvidia’s strong results, Bitcoin hit news highs, and Microstrategy tumbled sharply.

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
Microstrategy Sells Off While Bitcoin Hits New Highs 🧐

Since shifting to a bitcoin-holding strategy in 2020, MicroStrategy’s stock has soared, often trading at a massive premium to its bitcoin assets. But today’s 16% drop in $MSTR, even as bitcoin climbed 3.5% near $100k, could signal a potential reversion to the mean (reality).

Bitcoin To The Moon 🌕️ 

Momentum Building For A 350 Breakout For Tesla 🚘️ 

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Super Micro Rockets 15% 🚀  

$IBM Breakouts With Bulls In Control 🐂

Reddit Riding The Wave To New Highs 🌊

Ardelyx Bulls Power Through Resistance 📈

Alcoa Finds Support Above AVWAP 🪙 

SharkNinja Bounces Back 🦈 

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

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Author Disclosure: The author of this newsletter currently holds a position in $SMCI, $MSTR, & $MSTZ 📋