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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
Henry R.
26 Nov 14 14:11:25
RT @marketminute: [Mish's Daily] for Trading on 11/26/2014: One Should Lie Empty, Open, Choiceless As A Beach $SPY $DIA $QQQ $IWM http://t.…
Paul White
26 Nov 14 14:10:01
Nice close today...Holiday rally and last minute 401k boost running on all cylinders! $SPY #spx
OTPicks.com
26 Nov 14 14:09:23
http://t.co/WZ6FGvJQNb beachcomber1: Nice little ramp on $SPY eod. LOL. That: beachcomber1 http://t.co/ELxV0gynqF http://t.co/WZ6FGvJQNb
OTPicks- OnTimePicks
26 Nov 14 14:09:22
http://t.co/f15mUdD9Cd beachcomber1: Nice little ramp on $SPY eod. LOL. That: beachcomber1 http://t.co/XDPlTHOmu5 http://t.co/f15mUdD9Cd
OTPicks.com
26 Nov 14 14:09:17
http://t.co/y0P0rwqW7P beachcomber1: Nice little ramp on $SPY eod. LOL. That: beachcomber1 http://t.co/5ruTDZ7iTr http://t.co/y0P0rwqW7P
O T P i c k s . com
26 Nov 14 14:09:13
http://t.co/x5EzijWmSl beachcomber1: Nice little ramp on $SPY eod. LOL. That: beachcomber1 http://t.co/NAEjDO0yrK http://t.co/x5EzijWmSl
ⓢ
26 Nov 14 14:08:43
$SPY http://t.co/Ax5DRehg6b
Joe Attrux
26 Nov 14 14:07:56
RT @Brady_FBN: #Thanksgiving records for the Dow Jones Industrial Average (30th this year) and S&P 500 (47th of '14)! $SPX $DIA $SPY
ETrader
26 Nov 14 14:06:49
RT @AlexDemache: @WallStreeTopGun @Qcn79 Have to commend @WallStreeTopGun for sticking to his guns. No matter the noise, he's a man of conv…
UPBOptionMil
26 Nov 14 14:06:48
A terribly brilliant and precient piece written a year ago... http://t.co/EqrzOpzJVt $SPY $QQQ $DIA #bubble #bear #bull #recordhighs
Shaun
26 Nov 14 14:05:30
$VGT and $QQQ are such beasts. Nasdaq crushing everything left and right. Runs have been huge over $SPY last few weeks. $NQ_F tech is driver
strader55
26 Nov 14 14:04:38
jimmybob: $SPY printing 208 AHs - jimmybob http://t.co/aWu7JLRFgv
Anmol Singh
26 Nov 14 14:02:34
Can't wait for Monday when there is volume again $SPY $QQQ btw, someone please click follow now, I don't like this http://t.co/QVaypRbpEV
leopardtrader
26 Nov 14 14:02:05
Happy Thanksgiving to all my my American FF/MT/ readers. Have fun with beloved family at Kitchen table morrow $SPY $TLT $USDJPY
Robert Sullivan
26 Nov 14 14:01:44
$SPY Seriously though: It's funny, until it's not.. WSJ Trader March 1929 http://t.co/R5ByCmJ5l5
PK
26 Nov 14 14:01:17
$UVXY No matter the news haven't seen $spy spooked yet...lets c it then we'll recognize if any :)
armando
26 Nov 14 14:00:55
@clathem dude I was looking for u in the chat to go long calls $spy hope u got in bro http://t.co/YOZhuVo0Rf
JimboPii
26 Nov 14 13:59:36
RT @harmongreg: $SPY Ascending triangle sets up for a move to 209.50, at the 138.2% extension of the last down leg http://t.co/PhlK5kC02V
PK
26 Nov 14 13:59:18
$UVXY How about #vix of 10 or 9 ? All $spy wants to do is go higher & they'll breach 210 soon #caution
Perfor Mance
26 Nov 14 13:55:19
Option Millionaires: jimmybob: $SPY printing 208 AHs http://t.co/Fkt24puyq2
blueskies
26 Nov 14 13:54:56
RT @mrdollamaker: $SPY It is going to be really interesting to see the "Santa Rally" this year since the markets are up so much.
Fitzstock
26 Nov 14 13:54:54
$ES_F $SPY $SPX all time highs! Are you riding THE TREND? :)
Arlen Larson
26 Nov 14 13:54:18
Awesome #Stock #Research $ABBV $SATS $LIFE $SPY #NSE http://t.co/GtaeaJD4JH
Buck Childers
26 Nov 14 13:54:02
Looking for the next $MSG $BMY $BG $SPY View now http://t.co/6qWX7Y3dyq
Mr. Dolla Maker
26 Nov 14 13:53:58
$SPY When this thing is going to pop, puts are going to pay everyday.
bluebeecharts
26 Nov 14 13:51:57
$SPY sold $UGAZ Tue, did nothing today, day trade mode Friday. What happens in December? http://t.co/FGmHoKkyEb
Mark James Thompson
26 Nov 14 13:51:09
Commented on: "The Best Global Market For Your Money" http://t.co/FaM6id614M $SPY $VEA $VWO
Mr. Dolla Maker
26 Nov 14 13:50:58
$SPY It is going to be really interesting to see the "Santa Rally" this year since the markets are up so much.
Ski The G
26 Nov 14 13:50:04
RT @ArmandoSeba1980: I work 12 to 9 night shift then I go to the booom room and kill $spy @alldayAHORRE @SKITHEG @diablo31x @stevenokaly @H…
armando
26 Nov 14 13:49:45
I work 12 to 9 night shift then I go to the booom room and kill $spy @alldayAHORRE @SKITHEG @diablo31x @stevenokaly @HarryWeed1 we r winners
Pistol P€te
26 Nov 14 13:49:32
RT @danewilliamsau: To all my non trading followers, look how easy it is! RT @RampCapitalLLC: ICYMI: Updated $SPY entry points $STUDY http:…
Cynthia S Boots
26 Nov 14 13:47:49
RT @nanexllc: We'll bust my buttons - $SPY at a new all time high (as of 16:36)
Dee
26 Nov 14 13:45:23
RT @Sqwii: As mentioned $SPX usually strong this week , no reason to be heavy short and if you short , you might only catch small pullback …
Jago Bowens
26 Nov 14 13:44:48
$HBAN Stocks to Watch this week $DRE $ROVI $SPY #NASDAQ http://t.co/N0bZryGDFW
Ski The G
26 Nov 14 13:40:29
RT @TopstepTrader: $SPY just hit an all time high AH. well done.
Ski The G
26 Nov 14 13:40:26
RT @ArmandoSeba1980: $spy killer here after the dentist visit I went to work killing spy again in the boom room @SKITHEG @alldayAHORRE :) h…
iBizNews21
26 Nov 14 13:40:16
RT @Brady_FBN: #Thanksgiving records for the Dow Jones Industrial Average (30th this year) and S&P 500 (47th of '14)! $SPX $DIA $SPY
Melissa Garville
26 Nov 14 13:40:04
RT @EricBalchunas: ETFs are about to cross 3 big milestones: Total aum is $1.99 trillion, $SPY is at $199.5b & ytd flows are $187b- one bil…
Sang Lucci
26 Nov 14 13:39:49
RT @nanexllc: We'll bust my buttons - $SPY at a new all time high (as of 16:36)
TopstepTrader
26 Nov 14 13:39:48
$SPY just hit an all time high AH. well done.
tom lloyd sr
26 Nov 14 13:39:41
$SPY top rated stocks http://t.co/zMJGk87Waw
armando
26 Nov 14 13:39:34
$spy killer here after the dentist visit I went to work killing spy again in the boom room @SKITHEG @alldayAHORRE :) http://t.co/75FghAlXk5
Azucena Lovett
26 Nov 14 13:39:21
$CMS Are you Bullish on these #stocks $BEN $WHR $SPY #overvalued http://t.co/buj5c5BGuZ
Jarrad Fiorito
26 Nov 14 13:37:42
that $SPY is pushing even more, up to 207.89 ...wowsers
Eric Scott Hunsader
26 Nov 14 13:36:55
We'll bust my buttons - $SPY at a new all time high (as of 16:36)
Alpha_Timer
26 Nov 14 13:36:48
considering using short-term signals for $SPY options system. Testing results with AMAZING returns so far. High reward to risk $SPX
Samantha Lee
26 Nov 14 13:36:22
$SPY ATH
Jonell Seibert
26 Nov 14 13:33:24
It could be breaktout time on $INTA $BYI $ANF $SPY #NSE http://t.co/qaGSpWxVZW
K.Sheth
26 Nov 14 13:32:04
The turkey gods have listened to our prayers. $QQQ $SPY $IWM http://t.co/bxGJpoPwa9
My Buys And Sells
26 Nov 14 13:30:35
BTC 50 $SPY 28 Nov 2014 $204 calls for $3.42 each, STO 50 $SPY 12 Dec 2014 $204.50 calls for $3.62 each. Roll up and over for credit
				
				
By  +Follow January 14, 2014 8:04AM
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