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Stocktwits Chart Art: June 07, 2024
The best charts and trade ideas from the day.
Tom Bruni
June 07, 2024
STOCKTWITS CHART ART: JUNE 07, 2024
The Stocktwits Summary 📝
Labor market data and meme stock madness ruled the day, yet the large-cap indexes still managed to close near the flat line. With Roaring Kitty failing to deliver the goods, traders are looking elsewhere for trading opportunities…and are apparently finding some nice ones. 👍
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.12%) | Bullish (63) | High (58) |
$QQQ (-0.09%) | Bearish (32) | High (59) |
$IWM (-1.17%) | Bullish (68) | High (57) |
$DIA (-0.22%) | Bullish (56) | Normal (53) |
*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
Uber Gets A Lyft As Competitor Shares Upbeat Outlook 🚗
With Lyft holding its first investor day and issuing upbeat financial targets for 2027, the rest of the ridesharing sector caught a bid. 💸
Stocktwits user @Professor was one of several pointing to the strength in Uber, which found support at its former highs, anchored VWAP, and is now breaking out above the downtrend line from its recent highs.
With Professor describing this as “a clean breakout,” Uber, Lyft, and others in the space are likely to be on traders’ radars for the weeks ahead. 👀
$UHS Completes Healthy Long-Term Breakout 💪
$GRVY Shares Experience Anti-Gravity As Breakout Sticks 🧑🚀
