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Stocktwits Chart Art: June 12, 2024
The best charts and trade ideas from the day.
Tom Bruni
June 12, 2024
STOCKTWITS CHART ART: JUNE 12, 2024
The Stocktwits Summary 📝
Apple and the rest of big tech helped fuel a new all-time high in the stock market, while disinflation’s continued progress and the Fed’s commentary helped boost the odds of a rate cut. With the market breaking out, plenty of new stocks are on traders’ radars. 🧭
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.82%) | Extremely Bearish (23) | High (68) |
$QQQ (+1.31%) | Bearish (38) | High (68) |
$IWM (+1.53%) | Extremely Bullish (85) | Extremely High (82) |
$DIA (-0.07%) | Bearish (43) | High (65) |
*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
Ferrari Shares Are Off To The $RACE(s) Again 🏎️
With the broader market indexes breaking out to new all-time highs, it’s no surprise that former market leaders are getting back on the road.
Stocktwits user @JFDI shared a chart of luxury automaker Ferrari breaking out of its recent consolidation, with traders expecting it to make new all-time highs ahead of its next earnings report on August 1st. 📈
Intercontinental Exchange On The Verge Of New Highs 💸
Toll Brothers Leads Homebuilder Breakout 🏘️
