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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
Winborn Traders
1 Oct 14 13:20:24
7day free trial for 5years Old Live Trading Room $ES_F #ES_F $SPY $SPX $DJI $QQQ $IWM http://t.co/j2jdBgQAtR
Winborn Traders
1 Oct 14 13:19:57
By Attending Our Live $ES_F #ES_F $SPY $SPX Trading Room youcan find the market's direction and trade based on that and be successful Trader
EMini Futures
1 Oct 14 13:19:47
7day free trial for 5years Old Live Trading Room $ES_F #ES_F $SPY $SPX $DJI $QQQ $IWM http://t.co/nWcvguzs9C
Saber
1 Oct 14 13:19:17
$SPY no way to time buy the market but you can buy more when it gets cheaper the waren buffet style ?
Investing News
1 Oct 14 13:18:43
5k to invest. Thinking of splitting evenly between $SPY and $BRK.B - yay or nay? http://t.co/qc2E5D6vCw
Quantitative Trading
1 Oct 14 13:18:42
$SPY tagged our long term buy target 194.43. Long $SPY and will stop out on a close below today's low (193.91).
Native Texan 2.0
1 Oct 14 13:18:21
RT @RyanDetrick: $SPX hasn't been down 4-days in a row for 200 trading days. Second longest streak since 1950. June '83 had 225. $SPY
Pyronomics
1 Oct 14 13:17:44
Some of the "reasons" for the recent decline are pretty damn comedic... as usual. $SPY $DIA
Thanh Vollick
1 Oct 14 13:17:21
Make $30,000 https://t.co/6ohbwVJa2C $TKMR $LAKE $IWM $SPY $SWKS $VSLR $VXX $SRPT $MHR $UVXY $DIA $JCP $ADSK $QQQ $ANGI $XONE $GPN
strader55
1 Oct 14 13:16:55
jimmybob: Im waiting for $SPY 193 test - jimmybob http://t.co/INSvZV1dDp
EMini Futures
1 Oct 14 13:16:41
Get Your 7-day Free Trial $ES_F Live Trading Room Visit http://t.co/TVcNGpes4X $SPY $FB $NQ_F $SPX $YM_F $TSLA $NFLX $TWT $QQQ $DJI
Winborn Traders
1 Oct 14 13:16:38
Get Your 7-day Free Trial $ES_F Live Trading Room Visit http://t.co/1YUYrFnnrb $SPY $FB $NQ_F $SPX $YM_F $TSLA $NFLX $TWT $QQQ $DJI
Zachary Shrier
1 Oct 14 13:16:32
The S&P 500 is now beating Russell 2000 from 1/1/2010 to date. $IWM $SPY
Winborn Traders
1 Oct 14 13:16:17
Like Our Facebook Page to Receive $ES_F #ES_F #CMEGROUP #Ninjatrader Trading Signals in Real Time: http://t.co/cw3qJQqZkB $SPX $SPY $GLD
Winborn Traders
1 Oct 14 13:16:11
7day free trial for 5years Old Live Trading Room $ES_F #ES_F $SPY $SPX $DJI $QQQ $IWM http://t.co/wlTJ3aIjLP
Antony Filippo
1 Oct 14 13:15:23
RT @bespokeinvest: 7 of the 26 S&P 500 bull markets since 1928 have either started or ended in the month of October. $SPY
Fat Pitch Trading
1 Oct 14 13:15:18
RT @RyanDetrick: Two of the worst days of the year have taken place over the past week. $SPY
Options TradingIQ
1 Oct 14 13:15:10
Leaders $TSLA $TWTR showed strength into the close. Could lead market for a bounce tomorrow. We'll see. $SPX $SPY $RUT
Winborn Traders
1 Oct 14 13:15:02
Watch #Emini $ES_F #DayTrading Training Videos http://t.co/Asqr38kPEM & imagine if you attend our $SPX $SPY $AAPL $FB #ES_F Live TradingRoom
Giovanny Moreano
1 Oct 14 13:14:56
RT @bespokeinvest: 7 of the 26 S&P 500 bull markets since 1928 have either started or ended in the month of October. $SPY
BeTheBall
1 Oct 14 13:14:42
RT @RyanDetrick: $SPX down 3 days in a row, hasn't had a 4-day losing streak this year. Longest streak to start a year since '50. $SPY
Ryan Detrick, CMT
1 Oct 14 13:14:35
$SPX hasn't been down 4-days in a row for 200 trading days. Second longest streak since 1950. June '83 had 225. $SPY
Futures Day Trader
1 Oct 14 13:14:27
$ES_F $SPX $SPY $DJI $QQQ $YM_F $NQ_F $TF_F $FB did your Trade get Stopped Out because of The Market's noises? we can help you to avoid it!
Jason
1 Oct 14 13:14:27
will look to cover my $SPY short call spreads if we gap down tmrw or fri. getting stretched from that 21 ema about 4 points higher
Steven Russolillo
1 Oct 14 13:14:14
RT @RyanDetrick: $SPX down 3 days in a row, hasn't had a 4-day losing streak this year. Longest streak to start a year since '50. $SPY
Saber
1 Oct 14 13:14:06
@TrillTrades @OptionRunners nope it is better to buy low . the $SPY always bounced on it is lower trendline for the past 3 years
Sean McLaughlin
1 Oct 14 13:13:48
Commented on StockTwits: ...these levels of ATR also coincided with $SPY rebounds to new highs. So, worthy of you... http://t.co/tF0d94pS8w
RALF THE DESTROYER
1 Oct 14 13:13:44
RT @RyanDetrick: $SPX down 3 days in a row, hasn't had a 4-day losing streak this year. Longest streak to start a year since '50. $SPY
Kerry Balenthiran
1 Oct 14 13:13:14
RT @bespokeinvest: 7 of the 26 S&P 500 bull markets since 1928 have either started or ended in the month of October. $SPY
Mike Frazier
1 Oct 14 13:12:58
RT @RyanDetrick: Two of the worst days of the year have taken place over the past week. $SPY
Ryan Detrick, CMT
1 Oct 14 13:12:53
$SPX down 3 days in a row, hasn't had a 4-day losing streak this year. Longest streak to start a year since '50. $SPY
merrillmouse
1 Oct 14 13:12:47
BofA @MerrillLynch "US 1" long-term buy list of 27 stocks -1.50% vs. $SPY -1.35% 10/1/14 4pm close, ticker list at http://t.co/Iy8VwXC0xY
Emini Scalping
1 Oct 14 13:12:28
Join our Free $ES_F $SPX $SPY Live Trading Room Open @ 9:00 AM EST https://t.co/ODQeVwVW4o
UPBOptionMil
1 Oct 14 13:12:14
RT @OMillionaires: Said it last week, love this pullback - emboldens the bears/shakes the bulls : http://t.co/mK4vqlP0v5 $SPX $SPY $DIA
Adam
1 Oct 14 13:12:11
RT @bespokeinvest: 7 of the 26 S&P 500 bull markets since 1928 have either started or ended in the month of October. $SPY
Perfor Mance
1 Oct 14 13:12:06
Option Millionaires: jimmybob: Im waiting for $SPY 193 test http://t.co/DDjSzqHSHs
Stocks Pastor
1 Oct 14 13:12:05
Markets continue to sell off. At the close on $SPY, 700k calls contract. 1.7 million puts contract. P/C ratio: 2.5. More downsides.
UPBOptionMil
1 Oct 14 13:12:04
RT @OMillionaires: Ebola and Hong Kong are not the headwinds this market needs to head higher : http://t.co/VB7jjMoLbH $SPY $SPX #Thismakrk…
Top Stocks
1 Oct 14 13:12:04
RT @SJosephBurns: Ten Fast Facts About The $SPY $INDU & $QQQ Chart http://t.co/7ct9yqcAoW
MarketSmith
1 Oct 14 13:12:04
RT @SJosephBurns: Ten Fast Facts About The $SPY $INDU & $QQQ Chart http://t.co/ZOC613QWz4
JOMP
1 Oct 14 13:11:41
I actually just randomly received this in an email. $SPY $IWM http://t.co/RBNz14ZtmB
nobullshytrader
1 Oct 14 13:11:25
took in $6840 on $TSLA $920 $LNKD $180 on $NKE shorts +7940 biggest payday in a year for me. long $FWM $CRR $PIR $TSLA $SPY short $HD $GILD
stockFX_smoker
1 Oct 14 13:10:39
RT @bespokeinvest: 7 of the 26 S&P 500 bull markets since 1928 have either started or ended in the month of October. $SPY
FinanzLinksUSA
1 Oct 14 13:10:34
RT @bespokeinvest: 7 of the 26 S&P 500 bull markets since 1928 have either started or ended in the month of October. $SPY
Coherent Variance
1 Oct 14 13:10:32
Best to be neutral at this point and see how the market evolve for the rest of this week esp. on Friday with #jobsreport $SPX $SPY $IWM $QQQ
Sean McLaughlin
1 Oct 14 13:10:22
Good to see average daily range (volatility) increasing to the top of the range in $SPY #Action http://t.co/3KqlrW3BfA
EMini Futures
1 Oct 14 13:10:17
Just Imagine if you could Find market's Intraday Highs and Lows for $ES_F #dayTrading $SPX $SPY $DJI $AAPL $QQQ $IWM
David Berman
1 Oct 14 13:09:48
So there you go, probs set to end or begin. RT @bespokeinvest: 7 of the 26 bull markets since 1928 started or ended in October. $SPY
Stocks News&Markets
1 Oct 14 13:09:46
Tim Sykes made $27,372 on $CPHD -- Check it out! http://t.co/UGoAFzXaRC Learn #howtotrade #stocks http://t.co/axK8SMSgo9 $FB $SPY
Greg Harmon, CMT
1 Oct 14 13:09:44
I need to be more melodramatic and loud I guess http://t.co/VWa1CHwDI8 (From 9/15) $SPY
				
				
By  +Follow January 14, 2014 8:04AM
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