- Chart Art
- Posts
- Stocktwits Chart Art: June 03, 2024
Stocktwits Chart Art: June 03, 2024
The best charts and trade ideas from the day.
Tom Bruni
June 03, 2024
STOCKTWITS CHART ART: JUNE 03, 2024
The Stocktwits Summary 📝
Meme stock madness continues, with Roaring Kitty’s return driving significant activity in GameStop, AMC Entertainment, and others. The major indexes had a mixed session but battled back into the close for the second straight day as Nvidia led the way. 📈
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.08%) | Bullish (65) | Normal (54) |
$QQQ (+0.54%) | Bullish (57) | Normal (51) |
$IWM (-0.56%) | Neutral (45) | High (55) |
$DIA (-0.33%) | Bullish (60) | Low (43) |
*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
Trend Channel Suggests Apple Has Major Upside 🍏
While many traders debate the day-to-day price action in market leaders like Apple, others take a step back and focus on the bigger-picture trend. 👀
While Apple has recently underperformed its peers, Stocktwits user @framus_morrigan believes the stock has the potential to make long-term gains. His monthly chart, looking back eight years, shows the stock sitting at the bottom end of a long-term trend channel.
With May’s monthly candle engulfing the last several months of price action, that could signify buyers retaking control and attempting a breakout to a new all-time high sometime this summer. Regardless, this is one chart to watch, given Apple’s importance to the broader market. 🧐
Buyers Chase After A Slice Of Domino’s Profits 🍕
Google Leads The Communication Sector Higher 📲
