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TrendSpider Blog

06/26/2024

CMG 50:1 Stock Split Goes Into Effect

Key Takeaways Chipotle’s Strategic Focus and Market Performance CMG (Chipotle Mexican Grill) has successfully completed its 50-for-1 stock split, with shares beginning to trade on a split-adjusted basis of $56/share. As the company looks forward to its upcoming earnings report […]

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06/25/2024

Volkswagen Invests $5b In RIVN

Key Takeaways Market Response and Strategic Shifts The announcement of Volkswagen’s substantial investment led to a significant surge in Rivian‘s stock, highlighting strong market confidence. This partnership marks a pivotal shift in strategy for both companies as they aim to […]

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06/21/2024

Market Update Into June 24th: Time To Take A Dip?

It was another hot week in the markets, but with Summer kicking into full gear, is it time for stocks to jump in the pool and cool off? With key players like NVDA flashing signs of a reversal and seasonality […]

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06/21/2024

The XLK Rebalance: What It Means For Apple and NVIDIA

The XLK (Technology Select Sector SPDR Fund), the second-largest technology sector ETF by assets under management, is set for a significant rebalancing this Friday. XLK, which manages $72 billion in assets, will drastically shift its allocation, increasing NVDA’s (Nvidia) weighting […]

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06/20/2024

Dell and Super Micro Power Musk’s AI Ambitions

Partnership Announcement DELL (Dell Technologies) and SMCI (Super Micro Computer) will supply server racks for Elon Musk’s AI startup, xAI. Musk revealed this exciting collaboration via his X account. Dell will be responsible for assembling half of the racks, while […]

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06/20/2024

SpotGamma Levels Indicator Added To TrendSpider

When it comes to understanding options flow, few have a better grasp of the intricacies that drive these markets than our friends over at SpotGamma. As they say, “Trying to forecast stock market movement without paying attention to the impact […]

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06/19/2024

Apple Bids Farewell To Pay Later

Apple Pay Later Discontinuation and Transition AAPL (Apple) has announced the discontinuation of Apple Pay Later, the “buy now, pay later” service that launched in the United States last year. Effective today, users will no longer have access to this […]

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06/18/2024

Reimagining the Volume By Price Indicator

The Volume-by-Price Indicator is an invaluable tool for traders and investors looking to analyze the market’s underlying structure and identify key support and resistance levels. By combining price and volume data, the VbP provides insights into a security’s supply and […]

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06/14/2024

Market Update Into June 17th: Markets Climb Wall Of Worry

It was yet another huge week for the bulls, with markets soaring off the heels of a slightly cooler-than-expected CPI print. Despite J. Pow’s unwillingness to budge on interest rates, the Wednesday gap-ups held in 2 out of the 3 […]

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06/14/2024

Musk Gets Paid: Tesla Shareholders Approve Pay Package

A Renewed Vote of Confidence Tesla shareholders voted Thursday to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, signaling a strong vote of confidence in his leadership. However, […]

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