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- Stocktwits Chart Art: June 04, 2024
Stocktwits Chart Art: June 04, 2024
The best charts and trade ideas from the day.
Tom Bruni
June 04, 2024
STOCKTWITS CHART ART: JUNE 04, 2024
The Stocktwits Summary 📝
The market was mixed today as meme stocks took a back seat to economic data and the strong move in bonds. Despite the choppy index-level action, traders are taking advantage of the many stocks still on the move. 📊
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.11%) | Neutral (49) | High (59) |
$QQQ (+0.27%) | Bullish (55) | High (56) |
$IWM (-1.29%) | Extremely Bullish (78) | High (65) |
$DIA (+0.33%) | Bullish (67) | Normal (45) |
*The ST Sentiment Score & Message Volume scales range from 0 to 100 (extremely bearish to extremely bullish). More info here.
And here were Stocktwits’ top Trending symbols:
CHART OF THE DAY
Bonds Finally Catch A Break… 🥲
Stocktwits user @ATMcharts put “Chart of the Day” in his commentary…and I totally agree. Today’s talk of the town was long-term Treasury ETF ($TLT) breaking back above its downtrend line and 200-day moving average.
April’s JOLTs data showed the labor market continues to cool, which should encourage inflation to continue its downward path. If bonds have truly found “a” bottom here, then this summer’s market environment is set to look much different than many anticipated... 🤔
Weight-Loss Leaders Soar To New All-Time Highs 💊
Crispr Therapeutics Carves Out A Bottom 🧬
