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Category: Prepare for the Trading Week


12/22/2023

Market Update Into December 26th: Happy Holidays From TrendSpider!

Christmas has finally arrived, and it feels like the Santa Claus Rally is already in full effect! The shining star this week was the tech index, reaching a new all-time high! Investor spirits soared while the Fear and Greed index […]

Continue reading   post: Market Update Into December 26th: Happy Holidays From TrendSpider!

12/15/2023

Market Update Into December 18th: Powell Saves The Day, Again!

As has been the case many times over the past two years, all eyes were on Jerome Powell and the FOMC announcement this week. If there was one takeaway from the meeting, one quote to drive it all home, it […]

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12/08/2023

Market Update Into December 11th: A Choppy Week Closes Near Highs

The name of the game this week was chop, as investors awaited the release of the non-farm payroll (NFP) and unemployment data on Friday. When the NFP data was released, it showed stronger-than-expected results, contrasting with a lower-than-anticipated unemployment rate. […]

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11/24/2023

Market Update Into November 27th: Mixed Signals and MACD Crosses

This week, seemingly all eyes were squarely focused on one singular event; NVDA earnings. Despite numbers that completely blew expectations out of the water, the stock sold off and bulls were left scratching their heads into the Thanksgiving holiday. After […]

Continue reading   post: Market Update Into November 27th: Mixed Signals and MACD Crosses

11/17/2023

Market Update Into November 20th: Cup And Handle Breakouts!

It was another huge week in the markets, facilitated specifically by the CPI print, which came in lower than expected. Bulls rejoiced, sending all three major indices quite higher. Tech continued its leadership role, pushing further up and out of […]

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11/10/2023

Market Update Into November 13th: The Bulls Push Higher

After last week’s historical move higher in the indexes, it was expected that some sideways action, or even a pullback, would be in order. The SPY and the QQQ did the sideways dance throughout the week, slowly expanding their ranges […]

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11/03/2023

October Market Update: A Difficult Month For Stocks

October was a volatile month across the board. Earnings season kicked off and the federal government managed to avoid a shutdown. Bonds and Treasuries hit multi-year lows and highs, respectively. Oil pulled back after surging for most of Q3 while […]

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10/27/2023

Market Update Into October 30th: Bulls In Shambles

The pain continued for the bulls this week, with all three major indexes closing at or near lows for a second week. The markets now appear increasingly vulnerable, with the potentially bullish flag patterns we’ve been tracking on SPY and […]

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10/20/2023

Market Update Into October 23rd: Bears Regain Control

It was another difficult week for the bulls, with all three major indexes closing at the low of the week on the highest weekly volume since June. The biggest earnings announcements were mixed, with a double miss from TSLA and […]

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10/13/2023

Market Update Into October 16th: CPI Pumps The Brakes

This week, markets were squarely focused on two major events; The PPI and CPI numbers that arrived Wednesday and Thursday, respectively, and the start of earnings announcements from the beaten-down banking sector. PPI and CPI came in slightly hotter than […]

Continue reading   post: Market Update Into October 16th: CPI Pumps The Brakes