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NEWS
It’s Still A Bull Market

Consumer discretionary stocks cruised higher today due to Tesla’s earnings results and 22% jump. The stock added $150 billion in market cap alone, with traders expecting it to challenge its year-to-date (YTD) highs in the coming days and weeks. Earnings continue to drive the day-to-day moves, and traders are betting on the bull market behavior continuing. 👀

Today's issue covers the Nasdaq’s breakout, gold miners missing the bull run, a wild new leveraged ETF, and other noteworthy pops and drops. 📰

Here’s the S&P 500 heatmap. 5 of 11 sectors closed green, with consumer discretionary (+3.15%) leading and materials (-1.22%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $MNPR, $CPRI, $ICLR, $NRGV, $LYEL 📉 $UAVS, $SKX, $BYON, $EDSA, $LILM*

*If you’re a business and want to access this data via our API, email us.

STOCKS
It’s A Bull Market At The Nasdaq 🐂 

The tech-heavy Nasdaq 100 is one of the hottest indexes of the last decade, with the tech sector’s growth and outperformance driving major flows into the index. Now, with markets at all-time highs and trading activity staying elevated, the actual Nasdaq company is also breaking out of a major base.

Below is a chart of Nasdaq shares closing at all-time highs after its third-quarter revenues and earnings topped expectations. CFO Sarah Youngwood said the main driver was growth across its business lines, with strength in index and financial technology. 📊 

Technical analysts say that as long as prices are above their 2021, this breakout is intact, and prices are headed much higher. The Stocktwits community appears to agree, with sentiment hitting ‘extremely bullish’ territory. 📈 

As for growth stocks in general, the tone remains positive among investors. Tesla led today after their better-than-expected earnings. Shares rose 22%, and 3.3 million Tesla calls traded today, the highest level of the year and third highest on record, according to Gunjan Banerji of the WSJ.

Also, crypto remains a clear focus among investors. MicroStrategy soared to new all-time highs, and the Stocktwits community is looking for Bitcoin, Solana, and other coins to follow to the upside soon. It is a bull market after all… 🤑 

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