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- Stocktwits Chart Art: July 02, 2024
Stocktwits Chart Art: July 02, 2024
The best charts and trade ideas from the day.
Tom Bruni
July 02, 2024
STOCKTWITS CHART ART: JULY 02, 2024
The Stocktwits Summary 📝
The major U.S. indexes pushed to fresh all-time highs on the back of Tesla and the rest of big tech, as well as banks and other areas participating. With it being a light-volume holiday week, traders continue to look for fresh opportunities to make hay while the sun is shining. 🌞
P.S. We’re considering moving this top section (or eliminating it entirely) to jump straight into the charts. Let me know your thoughts on this (and the newsletter in general). I’d love to hear from you! 📬
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.67%) | Bearish (28) | High (57) |
$QQQ (+1.05%) | Bearish (36) | Normal (53) |
$IWM (+0.34%) | Neutral (50) | High (57) |
$DIA (+0.47%) | Bullish (59) | Normal (56) |
*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
Another Bitcoin Miner Nears A Breakout ₿
Bitcoin miners have been hot recently, taking off after showing relative strength during crypto’s rough June. While many stocks are already on the move, many are still setting up.
Stocktwits user @TRADING_TEMPLATE pointed to Core Scientific, which also has an AI-related component to its core businesses of blockchain infrastructure, digital asset self-mining, and hosting services. 🤖
As such, traders are looking for a breakout above the recent price highs to signal the start of the next leg higher.
Exchange Stocks Soar Alongside Markets 📈
Morgan Stanley Attempts A Multi-Decade Breakout 🏦
