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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
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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
Habitat for
30 Aug 14 00:23:48
RT @philstockworld: Monday Market Mayhem - Bombs Fly, Buyers Buy $SPY $FXI $EPI $USO $GTAT $TASR #China #Hedging -- http://t.co/rKGIxEaefp
LunaticTrader
29 Aug 14 23:54:41
Weekly key reversal levels 30 Dow stocks. 20 stocks bullish. $DIA $SPY http://t.co/AItv4jLMcI
Stock Market Monitor
29 Aug 14 23:47:35
$SPY: Sell in May and go away? http://t.co/vl5QU0IpnI http://t.co/qgPowFhtY7
Anthony
29 Aug 14 23:36:09
RT @SwatOptions: 08.29.2014 - $SPY $QQQ $IWM - early today before market open, I said SCALP PUT for gap close and BULLISH after that - http…
THIS
29 Aug 14 23:26:21
$SPY buy
jatinam
29 Aug 14 23:25:09
RT @MarketSmith: RT @seeitmarket: "10 Things A Trader Needs To Give Up To Be Successful" http://t.co/0d77rfYt9l by @SJosephBurns $SPY $STUDY
Jordan Thurow
29 Aug 14 23:12:47
Are Stocks Set For A Major Decline In The Fall? $SPY $DIA $IWM $QQQ http://t.co/dmei7vloux
Rohit
29 Aug 14 23:01:58
RT @StockTwits: Eddy's review is always a must read to end your week: http://t.co/T0XF2MHhRd @EddyElfenbein $SPY $DTV $T $FISV $BBRY
Eric Swanson
29 Aug 14 22:58:03
RT @harmongreg: $SPY Technical Week in Candlesticks - Dragonfly Capital… http://t.co/tOgek9zf9T
Thomas Smid
29 Aug 14 22:57:37
RT @Nouf_wpt: $SPY $SPX Vol clearly suggesting a 5th wave from Feb 2014, time to sell http://t.co/y03fvPryPP
♥ @MyOrgone ♥
29 Aug 14 22:53:46
Don't trade $DGLY! Click to make 100% a year using 'Top 10 Hedge Fund' Artificial Intelligence - http://t.co/x7MDlPJXnp $SPY @CNBC
Wavepatterntraders
29 Aug 14 22:50:26
$SPY $SPX $VIX the non-confirmation again supports the idea of a 5th wave http://t.co/Ijk3Ft5jp6
Wavepatterntraders
29 Aug 14 22:49:26
$SPY $SPX Vol clearly suggesting a 5th wave from Feb 2014, time to sell http://t.co/y03fvPryPP
CodyHindSTA
29 Aug 14 22:48:14
Emini Day Trading Series: How Money is Made as an Emini Day Trader http://t.co/yseosefm4j $ES_F $SPY $SPX
TheClosingBell
29 Aug 14 22:28:27
The Closing Bell is out! http://t.co/rQE910SvNL $EURUSD $GBPUSD $USDJPY $AUDUSD $SPY $TWTR $GPRO $YHOO $LNKD $FB $AAPL $BRD $CAT $WLT $LNKD
artintelbot
29 Aug 14 22:26:31
Don't trade $AMZN! Click to make 100% a year using 'Top 10 Hedge Fund' Artificial Intelligence - $SPY $QQQ http://t.co/0KXjkWO9If
IOThingsBot
29 Aug 14 22:21:13
SMH $INTC $AMAT $RFMD $NXPI Semiconductors Infrastructure of Internet Of Things internetofeverything! $SPY leader http://t.co/G2fgkiEgTB
SEO 24/7 365
29 Aug 14 22:08:48
RT @philstockworld: Monday Market Mayhem - Bombs Fly, Buyers Buy $SPY $FXI $EPI $USO $GTAT $TASR #China #Hedging -- http://t.co/rKGIxEaefp
Chad Janko
29 Aug 14 21:51:12
RT @SeekingAlpha: Are Stocks Set For A Major Decline In The Fall? http://t.co/WRS8kA5gky $SPY $DIA $IWM $QQQ
awolam
29 Aug 14 21:49:19
RT @SeekingAlpha: Are Stocks Set For A Major Decline In The Fall? http://t.co/WRS8kA5gky $SPY $DIA $IWM $QQQ
Biz News Pioneer
29 Aug 14 21:47:35
$SPY: Stocks Are Higher Ahead Of The Long Weekend http://t.co/3qS1hudscP http://t.co/IJINvcAxN1
Evener Investment
29 Aug 14 21:41:14
RT @SeekingAlpha: Are Stocks Set For A Major Decline In The Fall? http://t.co/WRS8kA5gky $SPY $DIA $IWM $QQQ
Seeking Alpha
29 Aug 14 21:40:26
Are Stocks Set For A Major Decline In The Fall? http://t.co/WRS8kA5gky $SPY $DIA $IWM $QQQ
A COMPLACENT TRADER
29 Aug 14 21:38:02
$SMH $INTC $AMAT $RFMD $NXPI Semiconductors Infrastructure of #InternetOfThings #internetofeverything! $SPY leader! http://t.co/DiNZHdUgLB
See It Market
29 Aug 14 21:32:08
YOU MIGHT BE A TRADER IF... Part Deux (collaboration version) http://t.co/QloZAmMox4 $SPY $QQQ $FB $AAPL $TLT $EURUSD $FED
♥ @MyOrgone ♥
29 Aug 14 21:19:50
Don't trade $AMZN! Click to make 100% a year using 'Top 10 Hedge Fund' Artificial Intelligence - http://t.co/x7MDlPJXnp $SPY $QQQ
Alysia Sarkisian
29 Aug 14 21:05:49
RT @SeekingAlpha: Thornburg On Understanding Your Real Real Returns http://t.co/A21wIxbwj9 $SPY $DIA $QQQ $TLT $DBC $IWM $HYG $IEI
Seeking Alpha
29 Aug 14 21:02:02
Thornburg On Understanding Your Real Real Returns http://t.co/A21wIxbwj9 $SPY $DIA $QQQ $TLT $DBC $IWM $HYG $IEI
See It Market
29 Aug 14 20:57:47
Investors: Managing Risk Means Knowing Yourself http://t.co/jDvx4aVIja by @andrewnyquist $SPY $STUDY
Jeffrey Dubs
29 Aug 14 20:51:45
Could small cap stocks lag because if interest rates go up their cost of capital will rise disproportionally to large cap? $SPY $IWM
Stocks in News
29 Aug 14 20:47:35
$SPY: Will The Economy Be Strong Enough To Offset The Negative Impact Of Higher ... http://t.co/jYodl9vZhY http://t.co/UaWFGRsT5n
Stuart Berney
29 Aug 14 20:33:20
$SPY Proposal to cancel (investor) options transaction and modify (trader) positions using market turmoil concept http://t.co/OPvGbI236S
Kooler Aid
29 Aug 14 20:32:16
Do something useful this holiday! Read & Learn $SPY $SPX $ES_F http://t.co/6Rbn2zsmJq @cnbc
EDGE
29 Aug 14 20:28:48
$SPY $COMPQ $DIA IF #unemployment is so bad #wtf are we celebrating #LaborDay2014? http://t.co/15wp8B5qmr
TradeLongShort
29 Aug 14 20:16:08
390 $SPX stocks finished the week trading above their 14 day median close. $SPy #stockaction #trading #stocks
TradeLongShort
29 Aug 14 20:15:03
296 stocks in the $SPX currently trade above their 14 day median high price. $SPY #trading #stockaction #stocks
Mark Yusko
29 Aug 14 20:14:23
RT @seeitmarket: [Archives] by @RyanDetrick: "Is Low Volume Signaling An End To The Bull Market?" http://t.co/XVZ96Aecic $SPY $STUDY
TradeLongShort
29 Aug 14 20:12:56
40 stocks in the $SPX currently trade below their 14 day median low price. $SPY #stockaction #trading #stocks
See It Market
29 Aug 14 20:12:07
[Archives] by @RyanDetrick: "Is Low Volume Signaling An End To The Bull Market?" http://t.co/XVZ96Aecic $SPY $STUDY
Options TradingIQ
29 Aug 14 20:06:40
Divergence much? US 10 year yield v S&P 500 $SPY $SPX http://t.co/vZ99aOQTFz
Writer's NoteBook
29 Aug 14 19:53:50
RT @stock_coach: $SPY Friday in the chat room 200% winner. http://t.co/GKPw9uiCs6 #thecoachsroster
TradeLongShort
29 Aug 14 19:51:24
380 stocks in the #SPX trade above their 14 day volume weighted moving average. $SPY #stockaction #stocks
Stock Market News
29 Aug 14 19:47:37
$SPY: Durable Goods Report: July Data Dominated By Aircraft Orders http://t.co/YR3fvTNJK7 http://t.co/RqOJtLSgRX
Rob Hager
29 Aug 14 19:46:42
@Blackstone's Byron Wien: Smart Money Upbeat Amid Headwinds http://t.co/8ikNzV1JPf via @barronsonline $SPY $BX
Rob Hager
29 Aug 14 19:43:11
US #stocks rise; best August in 14 years for S&P 500 http://t.co/8QEM9YZ6yN $SPY
♥ @MyOrgone ♥
29 Aug 14 19:41:20
Don't trade $DGLY! Click to make 100% a year with 'Top 10 Hedge Fund' Artificial Intelligence - http://t.co/x7MDlPJXnp @CNBC $SPY
Jonathan Yaw
29 Aug 14 19:36:52
RT @darshandorsey: Only half 3-month average Daily $SPY volume today, yet >21M trades in last half hour's panic buying; >13M ~indicates exh…
Jonathan Yaw
29 Aug 14 19:35:59
RT @WallStreeTopGun: Ended the week flat. Had a brief window where could have booked about $40K. Got 2K new $199 Sept 5 puts over weekend @…
Travis Lewis
29 Aug 14 19:33:38
Options For Tuesday http://t.co/6vrXf43QpM $AAPL $SPY
Fractal Forecasting
29 Aug 14 19:29:52
New $SPY alerts have recently been posted. Check them out now. http://t.co/fRJvNGHFjy
				
				
By  +Follow January 14, 2014 8:04AM
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