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TrendSpider Blog

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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06/14/2024

Make the Market Call You Daddy 👔 2024 Fathers Day Special

  Hello, traders! Here’s to the grill masters of the market and champions of the dad joke — Happy Father’s Day. This year, TrendSpider is turning up the heat with a Father’s Day sale that’s so good, even your dad’s […]

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06/13/2024

Fed’s Rate Rollercoaster: 23-Year Highs and What Comes Next

Fed Maintains High Rates to Tackle Inflation The US Federal Reserve has kept its key overnight interest rate at a 23-year high, marking the seventh consecutive meeting with rates unchanged at 5.25-5.50%. This decision follows the Fed’s commitment to curbing […]

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