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Stocktwits Chart Art: May 30, 2024
The best charts and trade ideas from the day.
Tom Bruni
May 30, 2024
STOCKTWITS CHART ART: MAY 30, 2024
The Stocktwits Summary 📝
Big tech was responsible for another down day in the major indexes, with the small-cap Russell 2000 bucking that trend as bonds bounced back. Traders remain conflicted on whether they should look for new longs, shorts, or beach plans in the current environment. 🏖️
Here’s how the major indexes ended the day:
Index | ST Sentiment Score | ST Message Volume |
|---|---|---|
$SPY (-0.66%) | Bearish (40) | High (59) |
$QQQ (-1.07%) | Bearish (43) | High (58) |
$IWM (+0.95%) | Neutral (51) | High (62) |
$DIA (-0.81%) | Bearish (25) | High (59) |
*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
Breakout Retests Offer Second Chance In Chinese Stocks 🛒
Chinese stocks have been one of the hottest groups of 2024, though many had missed the under-the-radar run until recently.
However, some traders like Stocktwits user @Dr_Stoxx have suggested that the recent pullback in several names presents an attractive buying opportunity for those looking to get in on the trend. 🛍️
His chart below shows e-commerce giant $JD reversing higher from former resistance, potentially starting its next leg higher.
Bloom Energy Setup Suggests More Growth Ahead 🌻
Chart Setup Paints A Clear Risk/Reward Picture In $SHW 🖌️
Palantir’s Breakout Potential Continues To Build 😬
Can The 200-Day Moving Average Stop Software’s Slump? 🛑
Shake Shack Shares Look Ready To Crack 😨
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Disclaimer: Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or to engage in any particular investment strategy. Read the full terms & conditions here. 🔍
