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- Stocktwits Chart Art: June 28, 2024
Stocktwits Chart Art: June 28, 2024
The best charts and trade ideas from the day.
Tom Bruni
June 28, 2024
STOCKTWITS CHART ART: JUNE 28, 2024
The Stocktwits Summary š
U.S. equity markets were down on the day but closed higher for the quarter and had an extremely strong first half of the year. As we head into the year's second half, the question remains: will the previous leaders continue to leadā¦or does sector rotation give us a new basket of leading stocks? š¤
P.S. Weāre considering moving this top section (or eliminating it entirely) to jump straight into the charts. Let me know your thoughts on this (and the newsletter in general). Iād love to hear from you! š¬
Hereās how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.39%) | Bearish (32) | High (71) |
$QQQ (-0.52%) | Bullish (71) | High (61) |
$IWM (-0.11%) | Neutral (46) | High (71) |
$DIA (-0.11%) | Neutral (46) | High (71) |
*The ST Sentiment Score & Message Volume scales range from 0 to 100 (extremely bearish to extremely bullish). More info here.
And here were Stocktwitsā top Trending symbols:
CHART OF THE DAY
Traders Eye Dip In Retailās Favorite Retailer š
With many of the marketās biggest winners experiencing pullbacks throughout June, the question is whether their weakness is a buying opportunity or a sign of a larger correction or trend change.
Stocktwits users like @TheTradingAnalyst are posing this question for retailer Abercrombie & Fitch, which has soared over 1,200% since late 2022. With prices stabilizing above their June 4th lows, he and other buyers are using that as the line the sand for the stockās short-term direction. šµļø
This Stock Looks $TER-ribly Ripe For More Gains š
Buyers See Black Gold In Offshore Drilling Stock š¢ļø
