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- Stocktwits Chart Art: July 16, 2024
Stocktwits Chart Art: July 16, 2024
The best charts and trade ideas from the day.
Tom Bruni
July 16, 2024
STOCKTWITS CHART ART: JULY 16, 2024
The Stocktwits Summary 📝
It’s officially small-cap summer, with the Russell 2000 index surging over the last week and leaving its large-cap counterparts in the dust. Market breadth is expanding across the board, and traders are finding new setups in a variety of sectors and market-cap segments. 🌞
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.59%) | Bullish (62) | High (55) |
$QQQ (+0.05%) | Bullish (57) | High (56) |
$IWM (+3.40%) | Extremely Bullish (76) | Extremely High (80) |
$DIA (+1.81%) | Neutral (51) | Extremely High (75) |
*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
Bank Software Solutions Provider Breaks Out 🏦
With banks and the broader financial sector making new all-time highs, some traders are looking to ride the next potential wave…companies that support the sector.
Stocktwits user @alphatrends pointed to cloud-based banking software company nCino Inc. as a catch-up candidate while it breaks out of a multi-week base to three-month highs. 💸
Health Insurance Provider Probes New Highs 🏥
Uber Looks Poised To Revisit All-Time Highs 🚗
