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Stocktwits Chart Art: June 24, 2024
The best charts and trade ideas from the day.
Tom Bruni
June 24, 2024
STOCKTWITS CHART ART: JUNE 24, 2024
The Stocktwits Summary 📝
With Nvidia shedding over half a trillion dollars in market cap over the last three days, rotation remains the name of the game. As a result, the Russell 2000 small-cap index and Dow 30 led today as money sought a new home. 💸
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.33%) | Extremely Bearish (24) | Normal (50) |
$QQQ (-1.14%) | Normal (47) | Normal (51) |
$IWM (+0.43%) | Bullish (62) | Normal (54) |
$DIA (+0.68%) | Extremely Bullish (77) | High (60) |
*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
$SOXX ETF Remains On The Rocks 😬
Nvidia has led the market selloff over the last week, getting most of the attention from market participants. However, several analysts are flagging a broader divergence forming in the sector.
Stocktwits user @chessNwine is among them, showing the sizeable momentum divergence that’s formed in the semiconductor ETF $SOXX over the last few months, signaling a potential change in trend underway. ⚠️
Chinese Stocks Are Stuck In A Slump 📉
Energy Bulls Double Up Their Bets Amid Breakout 🤑
