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Stocktwits Chart Art: April 08, 2024

The best charts and trade ideas from the day.

Author

Tom Bruni
April 08, 2024

STOCKTWITS CHART ART: APRIL 08, 2024
The Stocktwits Summary 📝

The U.S. stock market indexes managed to close green during a quiet session where interest in the sun eclipsed that of making money.

Here’s how the major indexes ended the day:

Index

ST Sentiment Score

ST Message Volume

$SPY (+0.06%)

Bearish (42)

Normal (49)

$QQQ (+0.03%)

Bullish (67)

Normal (48)

$IWM (+0.55%)

Neutral (47)

Normal (47)

$DIA (+0.06%)

Bullish (67)

Normal (47)

*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
Energy Sector Eclipses 2022 Highs 😎

Energy stocks and commodities remain hot topics as investors and traders debate whether any opportunities to profit remain after a solid run YTD.

While some Stocktwits users feel they’ve missed the boat, others believe the longer-term potential could just be getting started. 🤔

@CestrianCapitalResearch finds themselves in that camp, sharing a long-term chart of S&P 500 Energy ETF $XLE and a caption that outlines how they’re approaching it. 👇

@CestrianCapitalResearch | Pro | Technicals | Equities

$XLE We may have zero house knowledge of the energy sector … but a chart is a chart. And this is a pretty chart. We rate at Accumulate on the breakout BUT that quadruple top line has to become support for our rating to be righteous - a sustained break below that $95 level would change the picture. (No position in staff personal accounts but we are long $UCO which is running up off of the same drivers).

Trendlines Squeeze Semiconductor ETF 🫨

@SharePlanner | Pro | Technicals | Equities/Futures

$SMH resistance overhead keeping price contained for now. Needs to break through for an acceleration of buying to resume.

Can Bitcoin Blast To $117k? ₿

@Honeystocks | Pro | Top-Down | Equities/Crypto

Bitcoin - Next Stop $117k? This cycle seems to be a Fibonacci kinda cycle... I don't make up the rules. Above $74k and it's full send. $BTCUSD #BTC #Bitcoin $BTC.X $ETH.X

Trucking Giant Set To Deliver Further Gains 🚚

@JFDI | Pro | Trends & Growth | Equities

$ODFL breaking out.

All Appears Well At Wells Fargo Ahead Of Earnings 🧐

@OptionsSean | Pro | Growth | Equities/Options

What say you? Are we going to see an earning pop out this formation in $WFC this Friday? I'm betting yes.

A Medical Device Maker’s Major Breakout Attempt 🦾

@FlynancialAnalyst | Pro | Trend Following | Equities

$GKOS $4.79B mc $XLV medical devices name showing RS to the sector last wk with an ATH wkly close on volume, just under key $100 level Institutional ownership has been rising rapidly over the past 2 yeras... looks ready to go! $PRCT $TMDX

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