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SPDR S&P 500 (SPY) Up on Solid Day for American, Emerging Market Stocks

By  +Follow January 14, 2014 8:04AM
Tickers Mentioned:

Global markets appeared to enjoy a universally positive day on Tuesday, with major indices up in America and abroad, pulling up some of the most-actively traded ETFs in the process.

DJIA, S&P 500, Nasdaq Have Big Days, Boosting American Equities ETFs

The Dow Jones Industrial Average was up over 0.5 percent by mid-day, with the S&P 500 approaching 0.9 percent gains and the Nasdaq up almost 1.5 percent in the same time frame.

This, in turn, meant the SPDR S&P 500 ETF ($SPY) was up about 0.9 percent, and the SPDR Dow Jones Industrial Average ETF ($DIA) gained over 0.5 percent. The PowerShares QQQ Trust ($QQQ) saw gains exceeding 1.75 percent, the Vanguard Total Stock Market ETF (VTI) jumped almost 1 percent, and the iShares Russell 1000 Value Index Fund ($IWD) was up about 0.75 percent. Small-cap companies weren’t left out of the party, with

Driving the gains were positive data on retail sales for December. December saw retail sales increase 0.7 percent excluding automobiles, gasoline, building materials, and food services.

“Christmas was not as bad as everyone thought,” said Chris Gaffney, senior market strategist with EverBank. “The markets were set up for a poor reading.”

It also showed resiliency for this market, with gains coming the day after the DJIA slumped some 179 points, or 1.1 percent.

"The retail sales are painting a better economic backdrop than payrolls did, and investors are using recent weakness as an opportunity to buy," said Mike Gibbs, co-head of the equity advisory group at Raymond James.

Emerging Markets ETFs Also Rising on China Stocks Bounce

Emerging market equities also saw gains, with the iShares MSCI Emerging Markets Index ETF (EEM) showing gains approaching 1 percent by mid-day. It was a return to strength after two rough weeks that had EEM down over 4 percent in 2014.

Much of this decline had been driven by plunging Chinese equities, with the Shanghai Shenzen 300 off 5.5 percent since the start of the year to yesterday and the Shanghai Composite Index falling 4.7 percent to 2,009.56 at the end of yesterday’s trading.

Tuesday, though, brought a rebound, possibly driven by investors seeing a market at its lowest since the start of August and searching out value-buys. The Shenzen 300 and Shanghai composite bounced almost 0.9 percent.

“With the market approaching the 2,000 level, some investors are bottom-fishing,” said Jingxi Investment Management Co.’s chief investment officer Wang Zheng. “Concern over IPO sales is still the biggest factor that is weighing on the sentiment as some of these companies are selling at very high prices.”

Major China ETFs were on the rise as a result, with both the iShares FTSE China 25 Index ETF (FXI) and the iShares MSCI China Index Fund ($MCHI) jumping just over 1 percent.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.

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Results for SPY
21 Oct 14 07:12:35
$SPY sweep 29,202 Dec 206 calls 22 cents ASK
Michail Shadkin
21 Oct 14 07:11:33
$SPY how much more can it be up today 50-60-70 cents from here ??? While red is possible. Reward/risk seems favorable, but so strong !!!
Ryan Detrick, CMT
21 Oct 14 07:09:12
44% in Inv Intell poll voted correction, near the most in 35 years. NAAIM under 10, near historic low equity exposure. $SPY
21 Oct 14 07:08:26
lock profits, keep eye on this trade RT @Gr8TradeBot: $SPY_102414P190 Qty 2073 at 0.72 Ask $ 149256 Vol 4929 OI 25389 TimeOfTrade 9:48:19 AM
21 Oct 14 07:07:22
@ETFdb: Still starving for yield? Check out the ETFs with the Largest Dividends >> http://t.co/dWklYTdhxn $SPY $VIG
Options Trader
21 Oct 14 07:04:26
Jhovany [09:53:45]: $SPY 192 calls Jumped in at 1.22 and sold at 1.40
Michail Shadkin
21 Oct 14 07:03:09
$SPY Artillery division opens fire LOL http://t.co/0EMDsdylRE
21 Oct 14 07:02:35
$SPY Yup, hearing Dec 206-211 call spread was bought to open 15 cents
21 Oct 14 06:55:26
$SPY Dec cs trades again 29400x. . Gonna try & fish around, see what I hear
Option Voyeur
21 Oct 14 06:54:09
All out of $SPY Almost a 100% trade Bought $1.87 Sold $3.65!
21 Oct 14 06:52:19
$SPY how but this bad boy -- Dec 206-211 cs opened, 133300x. Both legs go off at ask
Options Network
21 Oct 14 06:51:51
$SPY DEC CALL 206/210/211 with more than 200k contracts SWEEP... SANTA SHOPPING http://t.co/33LE4scizg
Michail Shadkin
21 Oct 14 06:51:04
Added $SPY short shares 192.30
21 Oct 14 06:47:09
S&P 500 back solidly above its 200-day this morning, but it's still about 40 points below its 50-day. $SPY $$
21 Oct 14 06:46:59
$SPY wants 194.37? lets see...
Justin Pulitzer
21 Oct 14 06:46:02
My $SPY Chart: http://t.co/YqXFy4bv1i
Michael Lamothe
21 Oct 14 06:45:41
Took what was luckily a smaller loss than expected in my $SPY Put this morning. Sold at the open. Started a pos in $AKRX 37.97 adv piv yest
Robin of the Hood
21 Oct 14 06:42:24
Sold out atll $XIV at 31.65 as the oversold indicators on the market have now eased and it is neutral. $SPY $SPX $IWM
21 Oct 14 06:41:07
$SPY Gap apertura a resistencia marco día. http://t.co/j27tE14uhZ
21 Oct 14 06:34:34
$SPY what looked like may be a roll down in strike, now according to OI looks like Dec 204-205 cs opened yest 100,000x
21 Oct 14 06:29:23
A well know trader once said “This Bull could eat a Dinosaur!” (hint @ukarlewitz) $SPX $SPY
Seeking Alpha
21 Oct 14 06:21:49
Prepare Your Portfolio For Market Turbulence http://t.co/REvNyuIYJQ $AGG $BAB $EDV $HDGE $JNK $LTPZ $MBB $PBP $PFF $PFXF $SH $SPY $TIP
Scott Redler
21 Oct 14 06:20:57
@paulkiron I think aapl can hang. Even if $spy's get rejected at $192-$192.50. But I hear u. Good luck
Marc Sperling
21 Oct 14 06:18:04
another gap up they are pushing market probably a bit further than they should...look for $spy around 192.25. to 192.50 as first resistance
Samantha Lee
21 Oct 14 06:14:24
@agwarner so you're saying $SPY will never go down again. not ever. Ok, duly noted.
21 Oct 14 06:13:33
$SPY range bound between $191 and $192 today.
Michail Shadkin
21 Oct 14 06:13:03
Short $SPY around 191.70 in size playing for a fade or reversal. Lots of negative earnings and near 50% retrace
Peter Ghostine
21 Oct 14 06:12:09
$AAPL | $SPY | $QQQ | $SPX | $NDX | $COMPQ | NASDAQ and AAPL ... What Next? http://t.co/AuxLC7wlkV
Dana Lyons
21 Oct 14 06:10:37
(Post) Rapid pullback in the VIX bullish for stocks - via @YahooFinance $VIX $SPY http://t.co/OHXNb8J8nc
Dan Zanger
21 Oct 14 06:08:52
$SPX $SPY $ES_F A few spots were resistance might show. http://t.co/0PvDJqSbHk
21 Oct 14 06:05:06
$SPY TOP3 OI CHANGES: Dec. 20, 2014 CALL 204.00 : +134.254 | Dec. 20, 2014 CALL 205.00 : +102.812 | Oct. 31, 2014 CALL 193.00 : +29.946
Woll Street
21 Oct 14 06:02:51
$SPY levels to watch today. https://t.co/RHJuF6jLz4
Sunrise Trader
21 Oct 14 05:56:36
A lot of eyes on the Fib 50% retracement $SPX $SPY Let price show you what it wants to do. See it first
Steve Burns
21 Oct 14 05:48:31
RT @LMTentarelli: $SPY > 200 day. http://t.co/pg2tTZ0Y9l”
Sunrise Trader
21 Oct 14 05:43:15
$SPY road map. Have position entry/partial exit posted http://t.co/rsReklNl7E
Phil Davis
21 Oct 14 05:40:57
What Lines We're Watching and How to Play them in our Short-Term Portfolio: $SPY $IBM $DIA $IWM $TNA #Hedging -- http://t.co/a6zojiLUZo
21 Oct 14 05:38:22
I get iffiness of "V" bottoms/dead cat bounces, but gotta weigh if supported by key drivers (i.e. credit) or "blind BTD " $SPX $SPY
steven spencer
21 Oct 14 05:33:59
Expanding Volatility (video) http://t.co/AeTRiI1RSX $SPY $VXX $STUDY #tradingtips
adam warner
21 Oct 14 05:30:17
Pre-open $SPY back over the 200 day #NeverAnotherDownDay
21 Oct 14 05:28:59
$SPY post facto Inverted Head & Shoulders target tagged http://t.co/XdVrOzDL6c
21 Oct 14 05:25:07
$SPY > 200 day. http://t.co/ZBiia2IaoF
Gr8 Trades
21 Oct 14 05:24:38
Yesterdays detected large wkly $SPY calls >$100k at or above Ask. Looking good for today http://t.co/FPt1woOKjP
21 Oct 14 05:19:19
$SPY $IWM - everything occurring so far from my weekend thesis. Up Monday. Gap up Tuesday. I say red close today. Lets wick this market.
steven spencer
21 Oct 14 05:16:23
i shorted $SPY into 192 earlier this morning. only targeting a pull back to 190.50 for today. only other short is $LAKE
Scott Redler
21 Oct 14 05:16:19
$spy's some levels & thoughts as bulls penetrate further! Sell the open? http://t.co/KGPgaYnPxc
Keith McCullough
21 Oct 14 05:15:23
RT @mrmikeflynn: @KeithMcCullough $IBM $KO and $MCD all missed earnings with small companies like these missing there is no worry for $SPY
21 Oct 14 05:11:58
@ZorTrades dont worry friend none of ur followers actually take ur trades. Shorting the $SPY at 10pm wasnt possible anyway
Yahoo Finance
21 Oct 14 05:09:13
RT @JeffMacke: Apple's perfect quarter buys time for the stock market http://t.co/2PNA0wvDmD @YahooFinance $AAPL $SPY http://t.co/shV4YuEEWQ
Michael Flynn
21 Oct 14 05:04:51
@KeithMcCullough $IBM $KO and $MCD all missed earnings with small companies like these missing there is no worry for $SPY
21 Oct 14 05:01:51
If the above hold/keep up pace for a few days, judging by NYSE short interest & front month $VIX calls OI, bears r way offsides $SPX $SPY
By  +Follow January 14, 2014 8:04AM



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