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Stocktwits Chart Art: June 10, 2024
The best charts and trade ideas from the day.
Tom Bruni
June 10, 2024
STOCKTWITS CHART ART: JUNE 10, 2024
The Stocktwits Summary đź“ť
Stocks began this week with a cautious tone, closing mixed as defensive sectors like utilities and real estate saw strength. Still, traders continue to find ideas under the surface, ranging from fresh breakouts to buyable dips. 🕵️
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.31%) | Bullish (61) | Normal (48) |
$QQQ (+0.40%) | Bearish (39) | Normal (47) |
$IWM (+0.34%) | Bullish (68) | High (57) |
$DIA (+0.21%) | Bullish (53) | Normal (41) |
*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
Apple AI = Actually In A Sideways Trend 🤷
Fundamental investors went into Apple’s Worldwide Developers Conference looking for signs that the company has figured out its next major growth driver. Meanwhile, technical analysts were looking for anything that could cause buyers to aggressively push against recent resistance.
Unfortunately, neither side got what they were looking for. But the world got the calculator app on their iPads, so in a sense, we’re all winners. 👍
Nonetheless, as Stocktwits user @Honeystocks points out below, the stock once again stalled at its former highs. For many technical analysts, this is a “no-touch” situation for trend traders, with some opting to trade the extremes of its recent range until the stock decisively picks its next direction. 🙅
General Motors Gets Back On The Road To Gains đźš—
CrowdStrike’s S&P Inclusion Leads To Fresh Breakout 🤩
