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Stocktwits Chart Art: June 06, 2024
The best charts and trade ideas from the day.
Tom Bruni
June 06, 2024
STOCKTWITS CHART ART: JUNE 06, 2024
The Stocktwits Summary 📝
The major indexes closed mixed, as GameStop and other meme stocks soared on the back of Roaring Kitty’s continued antics. Notably, Stocktwits sentiment remains in bearish territory for every index except small-caps. We’ll see if that matters as we head into tomorrow’s jobs report. 🤷
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.00%) | Bearish (32) | High (60) |
$QQQ (-0.04%) | Bearish (36) | High (60) |
$IWM (-0.72%) | Bullish (66) | High (58) |
$DIA (+0.21%) | Bearish (43) | High (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
Investors Eye A Sweet Setup In Honeywell 🍯
Industrial stocks are popping back up on traders’ and investors’ radars, even as U.S. and global growth expectations continue to slow.
Stocktwits user @G_R_ highlighted industrial conglomerate Honeywell breaking out of a 3.5-year consolidation period. Given the broader market's short-term choppiness, this longer-term setup is one that both investors and traders will look to participate in before the company reports earnings on July 25th before the bell. 💪
Conglomerate’s Breakup Plan Leads To A Breakout 🤔
Reddit Looks Ready To Roar (Again) 🐱
