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Stocktwits Chart Art: June 27, 2024
The best charts and trade ideas from the day.
Tom Bruni
June 27, 2024
STOCKTWITS CHART ART: JUNE 27, 2024
The Stocktwits Summary 📝
The major indexes experienced a relatively muted day, with certain areas of big tech buoying the broader market. Meanwhile, a bounce in bonds helped to boost small-cap stocks, which are still trying to find direction. 🤷
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (+0.16%) | Bullish (67) | High (55) |
$QQQ (+0.26%) | Bullish (69) | Normal (52) |
$IWM (+1.01%) | Bullish (72) | Normal (52) |
$DIA (+0.08%) | Bearish (38) | Normal (54) |
*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
Cyber Stocks Soar Amid Sector Rotation 💸
With money continuing to rotate throughout the market, weaker areas of the tech space, like software, have caught a bid. Today’s example is cybersecurity.
Stocktwits user @Wigglyick outlined the long-term bullish setup in one of the main cybersecurity industry ETFs, $CIBR. Although he’s already sitting on some nice profits, he’s looking for even more upside in the months ahead. 😮
SMCI Sets Up For Another Solid Run 👀
Small-Cap Biotech Stock Nears A Breakout 💉
