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SPY, Major ETFs Bounce on Potential Debt Deal

By  +Follow October 16, 2013 8:45AM
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Market optimism about what appears to be an approaching end to the government shutdown and debt ceiling crisis helped push up the major indicies, pulling up most of the biggest ETFs with them. With the DJIA and S&P both gaining more than 1.15 percent by early afternoon and the Nasdaq up almost as much, the highest-volume, broad market ETFs were on the rise. The SPDR S&P 500 ETF ($SPY) gained almost 1.25 percent, the Financial Select Sector SPDR ($XLF) climbed almost 2 percent, PowerShares QQQ ($QQQ) jumped almost 1 percent, and the iShares Russell 2000 Index ($IWM) was up almost 1.25 percent.

Congressional Deal on Debt Ceiling, Funding Appears Likely

The failure of the House of Representatives to pass a bill last night, paired with a new agreement in the Senate, appears to have bolstered market confidence overnight that a debt default will be avoided. Senate leaders announced Wednesday morning that they had reached a deal for a bill that would extend the nation’s borrowing limit to early February and end the two-week shutdown, approving a budget that will keep the government open until January 15. And today’s bounce would seem to indicate a consensus in the markets forming around the belief that Speaker of the House John Boehner will bring the Senate bill up for a vote, that it will pass, and that President Obama will sign it into law.

VIX Plunges, Emerging Markets Don’t

Today’s big losers are traders betting on the VIX, as an agreement in congress radically decreases anticipated market volatility. The iPath S&P 500 VIX Short Term Futures ETN (VXX) plunged almost 9.5 percent on Wednesday, while the inverse ETF, the VelocityShares Daily Inverse VIX (XIV) climbed over 9.75 percent. Equities investors also seemed to be shifting back towards a risk-on environment as major ETFs tracking emerging market ETFs were on the rise. The iShares MSCI Emerging Markets Index (EEM) and Vanguard FTSE Emerging Markets ETF (VWO) gained over 0.75 percent, the and the iShares MSCI Brazil Index ($EWZ) was up over 1.25 percent.

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Results for SPY
Jeff Goodman
26 Mar 15 18:04:26
@paulwoll Please $SPY Thanks man!
Dan
26 Mar 15 18:02:15
$SPY Max Pain = 209.00. Maturity = 03/27/2015. Previous close = 205.27. http://t.co/fHgeYAkbQH
Alpha Maven
26 Mar 15 18:02:07
RT @am_alerts: $YHOO active, relative volume: 18.17, 1H, 9:00 PM, #nasdaq $NDX $SPY
Alpha Maven Alerts
26 Mar 15 18:02:07
$YHOO active, relative volume: 18.17, 1H, 9:00 PM, #nasdaq $NDX $SPY
Alpha Maven Alerts
26 Mar 15 18:02:05
$GOOG active, relative volume: 5.2, 1H, 9:00 PM, #nasdaq $NDX $SPY
Alpha Maven Alerts
26 Mar 15 18:02:03
$FB active, relative volume: 5.61, 1H, 9:00 PM, #nasdaq $NDX $SPY
Alpha Maven Alerts
26 Mar 15 18:02:02
$BAC active, relative volume: 4.64, 1H, 9:00 PM, #nyse $SPY
Alpha Maven Alerts
26 Mar 15 18:02:00
$AAPL active, relative volume: 2.74, 1H, 9:00 PM, #nasdaq $NDX $SPY
Venky Srinivasan
26 Mar 15 18:01:49
"@chessNwine: I analyzed $OREX $SNDK $SWKS and much more in my video market recap from earlier: http://t.co/1CLfcvrNuF $NFLX $SPY"
Forex
26 Mar 15 18:01:28
RT @StateDave: Algos have decided to go the other way today. Thinking is if they reverse quickly, no one will notice yesterday's #ridiculou…
Evan Medeiros
26 Mar 15 18:01:24
$SPY notice we are back at the mid march lows and cumulative AD is positively diverging $STUDY http://t.co/CJqLImQVor
Rob Smith
26 Mar 15 18:00:24
@OzarkTrades Watching for the quarter to end, and then the break of the inside month for $SPY
TheStreetOptions
26 Mar 15 18:00:03
Understanding Your 401k - $spy Please #RT http://t.co/p6NT8bpect
Chess
26 Mar 15 17:56:48
I analyzed $OREX $SNDK $SWKS and much more in my video market recap from earlier: http://t.co/2e1FXU5EqC $NFLX $SPY
Tanguay
26 Mar 15 17:55:16
RT @marketminute: [Mish's Daily] for 3/27/2015: The Bird of Hermes Is My Name, Eating My Wings To Make Me Tame $SPY $IWM $QQQ http://t.co/C…
Tad Doughty, CFS
26 Mar 15 17:50:55
What home prices tell us about $FED rate hikes. $SPY $SPX $TLT http://t.co/nTqgYrHCgA
yordany suarez
26 Mar 15 17:47:38
RT @RedDogT3: Daily recap video & look ahead. $spy $spx $qqq $aapl $twtr $fb $ibb $regn $biib $uso $tlt http://t.co/n69gzeBrCB
{•_•}
26 Mar 15 17:46:08
RT @Hedgely: U.S. Treasury Report Rips Market Valuations, Cites “Quicksilver Markets” $SPY | http://t.co/4Zofbhk27p http://t.co/mpbttfl75y
T Hot
26 Mar 15 17:45:05
$SPY Lower high today in between 100 and 150 day MA. Claims was good today. Fed balance sheet chart shows how artificial recovery has been.
Hedge AccordingLy
26 Mar 15 17:44:09
U.S. Treasury Report Rips Market Valuations, Cites “Quicksilver Markets” $SPY | http://t.co/4WYahOxjSH http://t.co/jqv3fFkeOR
HedgeBz Top News
26 Mar 15 17:44:08
U.S. Treasury Report Rips Market Valuations, Cites “Quicksilver Markets” $SPY | http://t.co/4Zofbhk27p http://t.co/mpbttfl75y
David A. Ferris
26 Mar 15 17:43:13
RT @david_settle: 03/26/15 - Today's Market Forecast™ video can be viewed here: http://t.co/OnZDNvhI3x $SPY $USO $TLT $GLD $XLF $GGP
Options Trader
26 Mar 15 17:40:10
American Apparel ex-CEO Charney seeks $40 million damages: Bloomberg: (Reuters) - American Appa... http://t.co/lf1dQAiHlK $SPY $QQQ $IWM
Inside Stock Alerts
26 Mar 15 17:40:09
American Apparel ex-CEO Charney seeks $40 million damages: Bloomberg: (Reuters) - American Appa... http://t.co/wwEhJwUwBH $SPY $QQQ $IWM
TalkMarkets Recap
26 Mar 15 17:39:01
5 Top #DiversifiedBondMutualFunds Set To Outperform $PDVAX $PDBAX $TORLX $BCOSX $SOAIX $IWM $SPY $INTC http://t.co/nr36xmRhds
Eric Lubina
26 Mar 15 17:37:42
$spy $celg $aal $gs use the love or lack their of of. Buy buy buy : https://t.co/q3YOi99mF6
Steven_Sun10
26 Mar 15 17:37:12
$spy I'm looking for a gap and go tomorrow
Matthew Rater
26 Mar 15 17:25:32
RT @JLyonsFundMgmt: ICYMI>ChOTD-3/26/15 Smart $ (1st Hr/Last Hr) Indicator Turn Shades of 2000, 2007? $SPY Post: http://t.co/XxQGYu8JJU htt…
innov8v
26 Mar 15 17:24:38
many of the monthly charts are signaling a pause on the horizon...will be interesting to see where we end on 3/31... $DIA $XLF $SPY
Tad Doughty, CFS
26 Mar 15 17:18:40
Commented on StockTwits: $VIX and $SPX side by side. Interesting view. $SPY $STUDY http://t.co/Ne5Zi3hZqN http://t.co/ZlE2LsuE1F
Alex Clark
26 Mar 15 17:16:01
@WeeklyOptTrader I turned my $spy daily upside down and it made me seriously questions any long thesis
Christian Zimmerman
26 Mar 15 17:14:52
RT @RedDogT3: Daily recap video & look ahead. $spy $spx $qqq $aapl $twtr $fb $ibb $regn $biib $uso $tlt http://t.co/n69gzeBrCB
TradingMyway
26 Mar 15 17:13:37
RT @AmadeusinKent: 'Three black crows' could spell doom for the market http://t.co/u0Og0rwA3U $IWM $QQQ $DIA $SPY $UVXY
Scott Redler
26 Mar 15 17:11:32
Daily recap video & look ahead. $spy $spx $qqq $aapl $twtr $fb $ibb $regn $biib $uso $tlt http://t.co/n69gzeBrCB
Nancy Boots Davison
26 Mar 15 17:10:50
Keeping an eye on strength individual stocks as indices ride their channel. Look all timeframes find sweet spots. $SPY$SPX
Pikertrader
26 Mar 15 17:09:16
$SPY is oversold and our indicator signaled BUY. Watching the Mar lows as support http://t.co/bK75GwdQ1p
Cutlass
26 Mar 15 17:07:04
RT @investorsHQ: http://t.co/kCUdQcVRHL IF You Don't Get 5 Winners Per Months , Money Back PERIOD ! $AAPL $SPY $SPX $BABA $FB $TWTR $INDU @…
TheStreetOptions
26 Mar 15 17:04:18
Averaging down by writing puts - $spy Please #RT http://t.co/1V8U5gsdPm
Pzaa...Guy
26 Mar 15 17:04:14
$SPY - Get Over It, Stocks Are Fairly Valued http://t.co/IxhjL4LJ8z
The Cardiac Kid
26 Mar 15 17:04:14
$SPY - Get Over It, Stocks Are Fairly Valued http://t.co/8pX2p2X2Dy
Pzaa...Guy
26 Mar 15 17:03:09
$SPY - The Bottom's Not In----Why This Market Is Dumber Than A Mule http://t.co/E193AOLGCH
The Cardiac Kid
26 Mar 15 17:02:12
$SPY - The Bottom's Not In----Why This Market Is Dumber Than A Mule http://t.co/g4TdPerJwY
Lusitanian Traders
26 Mar 15 17:02:12
SPY - Pivots (support and resistance - intraday) $SPY http://t.co/WMlFDxbRFi
Alpha Maven
26 Mar 15 17:02:09
RT @am_alerts: $YHOO active, relative volume: 11.76, 1H, 8:00 PM, #nasdaq $NDX $SPY
Alpha Maven Alerts
26 Mar 15 17:02:09
$YHOO active, relative volume: 11.76, 1H, 8:00 PM, #nasdaq $NDX $SPY
Alpha Maven Alerts
26 Mar 15 17:01:53
$MCD active, relative volume: 8.96, 1H, 8:00 PM, #nyse $DJI $SPY
Alpha Maven Alerts
26 Mar 15 17:01:52
$GOOG active, relative volume: 4.41, 1H, 8:00 PM, #nasdaq $NDX $SPY
Alpha Maven Alerts
26 Mar 15 17:01:49
$FB active, relative volume: 3.68, 1H, 8:00 PM, #nasdaq $NDX $SPY
Alpha Maven Alerts
26 Mar 15 17:01:48
$AAPL active, relative volume: 3.34, 1H, 8:00 PM, #nasdaq $NDX $SPY
Eternity101
26 Mar 15 17:00:03
RT @WSConsensus: Index/Sector $DIA, $SPY, $QQQ, $IWM, $XLB, $XLE, $XLF, $XLI, $XLK, $XLP, $XLU, $XLY, $XRT, $XLV, $IYT http://t.co/WOwmBFKW…
				
				
By  +Follow October 16, 2013 8:45AM
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