TrendSpider Blog
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A Blog About Technical Analysis and Trading. TrendSpider is the world's most powerful technical analysis platform for active traders.
TrendSpider Blog
2d ago
Apple’s Pile Of Cash Apple bulls got a surprise on today’s earnings call, with CEO Tim Cook announcing plans for a $110 billion buyback program, the largest in the company’s history and a new record in corporate repurchases. Additionally, they ..read more
TrendSpider Blog
3d ago
Federal Reserve Maintains Interest Rates, QT Taper Planned for June Wednesday’s Federal Reserve policy decision saw interest rates held steady, consistent with the stance since July 2023. However, the announcement of a significant reduction in the quantitative tightening (QT) program ..read more
TrendSpider Blog
3d ago
A Historic Shift In Drug Policy The U.S. Drug Enforcement Administration (DEA) is poised to reclassify marijuana, marking a monumental shift in American drug policy. This proposed change acknowledges the therapeutic potential of cannabis and recognizes its lower potential for ..read more
TrendSpider Blog
6d ago
After last week’s sharp selloff across the indexes, it was likely that a relief bounce was on the horizon, and that’s exactly what we got this week. With earnings reports from tech heavyweights like TSLA, MSFT, and GOOG leading the ..read more
TrendSpider Blog
6d ago
Apple’s Revised Shipment Estimates AAPL‘s (Apple) anticipated shipments of the Vision Pro headset for 2024 have been significantly adjusted downwards, dropping from an initial projection of 700 to 800k units to a more conservative estimate of 400k to 450k units ..read more
TrendSpider Blog
6d ago
Economic Growth Disappoints The Commerce Department’s Bureau of Economic Analysis revealed that gross domestic product (GDP) grew at a slower-than-anticipated pace of 1.6% in the January-through-March period. This figure fell short of economists’ forecasts of a 2.4% increase, highlighting a ..read more
TrendSpider Blog
1w ago
It is an easy crutch to want to utilize index ETFs as gauges for overall market strength or weakness. If the QQQ, the SPY, and the IWM are all up, then the market is strong, right? Unfortunately, this is not ..read more
TrendSpider Blog
1w ago
Exploring the Prospects of 24/7 Stock Trading The New York Stock Exchange (NYSE) is contemplating a monumental shift in its operations by considering the adoption of a 24-hour trading schedule, akin to the relentless pace of cryptocurrency, futures, and forex ..read more
TrendSpider Blog
2w ago
Last week we warned that the cracks in the market were getting wider and this week they finally gave way. The major indexes put in new daily lows every day this week; sell pressure the likes of which we’ve not ..read more
TrendSpider Blog
2w ago
Bitcoin’s Performance Ahead of the Halving The anticipation surrounding the fourth Bitcoin halving is palpable, with less than 40 blocks remaining before the event. Bitcoin’s price surged, showcasing a nearly 4% gain over 24 hours to Friday morning, hovering around ..read more