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Stocktwits Chart Art: June 14, 2024

The best charts and trade ideas from the day.

STOCKTWITS CHART ART: JUNE 14, 2024
The Stocktwits Summary 📝

The large-cap S&P 500 and Naasdaq 100 closed at new all-time highs, while the small-cap Russell 2000 and Dow Jones Industrial Average continue to lag. Meanwhile, other tech stocks are joining the rally as Netflix reached its highest level in 2.5 years. 👍

Here’s how the major indexes ended the day:

Index

ST Sentiment Score

ST Message Volume

$SPY (+0.05%)

Neutral (51)

Normal (51)

$QQQ (+0.52%)

Bearish (42)

High (60)

$IWM (-1.56%)

Extremely Bearish (9)

High (72)

$DIA (-0.11%)

Bullish (56)

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
Netflix Joins Its Tech Peers In Breaking Out 🍿

The talk of the town this week was tech laggards like Netflix and Amazon, which were not participating in the recent rally. And it appears we quickly got a partial resolution to that conundrum…

Stocktwits user @MarkNewtonCMT shared a chart of Netflix breaking out to its highest level since late 2021. With the largest tech stocks’ valuations stretching during the recent rally, investors and traders are looking for the next group of stocks that are going to lead. 🕵️

Microsoft Makes A New All-Time High 🤑

Synopsys Shows Potential Amid Semi Surge 👀

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