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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
Blaine
4 Sep 15 22:01:31
RT @StockTwits: Traders are seeing this and their jaws are dropping. Chart by @KimbleCharting: http://t.co/eYSJlrGoaU $SPY $SPX http://t.…
Blaine
4 Sep 15 22:01:24
RT @StockTwits: This is really interesting. Look at the similarities between today and August, 2011: http://t.co/Pj3zjNUi1D $SPY http://t.…
13+13=26
4 Sep 15 21:48:41
#Saturn in #Ophiuchus $SSEC #2015shift #ChinaMeltdown $VIX $FXI #recession #Breaking #News $GLD $SLV $SPY... http://t.co/J5f1dise95
CodyHindSTA
4 Sep 15 21:41:15
April 29th Day Trading Recap: 6 Points – The Slow Upward Grind http://t.co/UacEesKSlY $ES_F $SPY $SPX
avo
4 Sep 15 21:41:09
Shemitah on sunday sept 13th. High probability of $SPY drop the monday or preceding friday
John Randel
4 Sep 15 21:40:44
China’s companies joined the market mania buying shares in one another. Now the holdings threaten them $SPY http://t.co/D1S5v7VYK5 via @WSJ
Jason Betley
4 Sep 15 21:35:38
RT @RedDogT3: Kind of funny that $spy closed right around the VWAP. Computers rule! Know where this is. It helps.
Zachariah Ortiz
4 Sep 15 21:32:03
RT @lancejepsen: $SPY $SPX US Consumer Spending Down 0.3% in December - Wall Street Journal http://t.co/Xm2DC6StN1
John Randel
4 Sep 15 21:30:53
odds of rate increase Sept 16-17 indicated by Fed-funds futures, rose to 36% after the jobs report, up from 27% . A month ago: 50-50 $SPY
Barry Scott
4 Sep 15 21:22:41
JJCale "Another Song" magic http://t.co/E6Eo9AvLuA 2004 album To Tulsa and Back http://t.co/lXEKU8XChV for what you lost & may find $SPY
PennyStock Zone
4 Sep 15 21:19:24
http://t.co/AAlC0qe2S2 <-- Free video on how to trade #pennystocks to make a fortune! $NUGT $QIHU $URBN $SPY $INTC
Jaren Blake
4 Sep 15 21:16:17
RT @howardlindzon: So interesting @jackdamn Average Holding Periods (in months) - U.S. Stocks 1926 - 2015. (via Alan Newman) $SPY $DIA" htt…
John Pettey, CFA
4 Sep 15 21:12:11
RT @adatherton: Was yesterday a bull day in a bear market? $SPX $SPY $ES_F http://t.co/V98MDeQsHA
Kevin Brent Cook
4 Sep 15 21:08:16
"@jackdamn: Daily New Highs minus New Lows (NH-NL) ended the day at -176. $NYA $SPY" Expecting double-dip like 2011 http://t.co/W4E6cNbU9i
Online Girlfriend
4 Sep 15 21:04:38
RT @naomihn2000: @DIRT2GOLD @Chrisyahahha @gene70 @dave_meadows safe haven stock none other than $CHK - "best of breed" $SPY $SPX $WTI $R…
Banking Privately
4 Sep 15 21:04:02
RT @seeitmarket: Are The Financial Markets Turning Into Mr. Toad's Wild Ride? http://t.co/e9gqUgdT0D by @BartsCharts $SPY $USD $TWTR http:/…
Russell Barbour
4 Sep 15 20:56:24
Fous4x2 DVD review: http://t.co/snAHJttnJf #stocks #fous4 #trading $LIVE $SPY $OIL $NVEE $CAMT #pennystocks #daytrading
Jackie
4 Sep 15 20:52:59
RT @LTbioinvestor: Yeah .... its always China fault $SPY $QQQ trading like a PoS #sarcasm
Dan
4 Sep 15 20:45:16
$SPY OI for maturity 09/11/2015. 180.00 Highest put. 211.00 Highest call. http://t.co/E4pjYbOAGc
Carlos
4 Sep 15 20:43:43
RT @seeitmarket: Are The Financial Markets Turning Into Mr. Toad's Wild Ride? http://t.co/e9gqUgdT0D by @BartsCharts $SPY $USD $TWTR http:/…
robert houston
4 Sep 15 20:42:13
RT @KevinBCook: $SPY Market is solidly below new highs push of Jul-Sep '14. Does 1-yr of Sectors look like Bull is alive & well? $SPX http:…
SmallCaps
4 Sep 15 20:41:07
http://t.co/gFp5NZs97c <-- *REVIEW* TIMFundamentals Part Deux $SPY $ALNY $DAN $COP $CSIQ $BOX $XIV #stocks
TalkMarkets Recap
4 Sep 15 20:39:03
Is The Reign Of Equal Weight #ETFs Over? $EWRM $EWRS $IWM $IWR $RSP $SPY http://t.co/9Z4WzyULOq
TalkMarkets
4 Sep 15 20:39:02
The #Stock Whisper Of The Day: $BP $SPY $USO $GPRO http://t.co/WDiT71W8mo
Don Gulfo
4 Sep 15 20:32:16
RT @RiskReversal: ICYMI: Name That Trade – $SPY: A Certain Ratio http://t.co/40VdjbWCxV @cclagator
Dan
4 Sep 15 20:30:31
$SPY Max Pain is 200.00 for maturity 09/11/2015. Price = 192.59. http://t.co/pUtDoYO31h
Roy Torphy
4 Sep 15 20:24:24
RT @SeekingAlpha: Growth In U.S. Services Sector Remains Solid In August http://t.co/9WIGjswjXa $SPY $QQQ $DIA
James T
4 Sep 15 20:05:03
RT @howardlindzon: Nasty "@jackdamn: Only 10% of the S&P 500 are trading above their 50-day simple moving average $SPY http://t.co/3O9ynU…
Warrior Trading News
4 Sep 15 20:04:48
$FB $TWTR $LNKD $AAPL $SPY $QQQ https://t.co/WekpJnJuIL
Annie
4 Sep 15 19:56:33
RT @JackDamn: The percent of S&P 500 stocks trading above their 200-day simple moving average ended the week at 24.20%. $SPX $SPY http://t.…
JoAnnChang
4 Sep 15 19:56:24
RT @JackDamn: Updated: $TLT vs $SPY year-to-date performance (%). http://t.co/7rueut2hAe
The Delta Theta
4 Sep 15 19:49:03
‘Bearish divergence’ is warning investors not to buy the dip in the stock market http://t.co/pqnNpCDnHM via @MarketWatch $SPY
Nereida Diesen
4 Sep 15 19:43:23
"howardlindzon The stock market has been struggling. Don't blame the economy. New from The Fat Pitch http://t.co/9nVNJHqD7P $spy"
Maralyn Burstein
4 Sep 15 19:43:13
RT @LMTentarelli: Still Short $SPY < 40 week, 10/40 week down, 2015 Weekly closing low. http://t.co/R5jxPXQKh8
Aaron Charles
4 Sep 15 19:40:26
rarities in a rarefied world: day traders who trade one stock and one stock only. $SPY
Damon Sharkey
4 Sep 15 19:39:05
RT @LMTentarelli: Still Short $SPY < 40 week, 10/40 week down, 2015 Weekly closing low. http://t.co/R5jxPXQKh8
jjz
4 Sep 15 19:34:40
RT @KimbleCharting: Danger Will Robinson if support breaks at (2) $SPX $SPY http://t.co/3IlJdtYJI9
susanta biswal
4 Sep 15 19:32:33
RT @StockTwits: In volatile markets, visuals like this can be incredibly helpful. Shared by @alphatrends http://t.co/NcQFjMwPcX $SPY http:…
Cody Freeman
4 Sep 15 19:32:26
RT @alphatrends: VIDEO http://t.co/TywTiWzLxF Stock Mkt Analysis 9/4/15 $SPY #VWAP $QQQ $IWM $SMH $TLT $AAPL http://t.co/yYXySdFDSI
Damon Sharkey
4 Sep 15 19:32:11
RT @rightviewrob: Twin Eveningstar Patterns on the S&P Chart $SPX $SPY http://t.co/veOZXXHLH1 http://t.co/gXnMOHeexa
Trade With SK
4 Sep 15 19:31:32
Thermos another one $FB vs $SPY .. $study good knowledge for ur market index can give u great $ in the market http://t.co/hGzlmYqqmN
jjz
4 Sep 15 19:30:55
RT @andrewnyquist: Market Corrections Chart (updated) - Tells us this is more like 2011 than more recent "typical" pullbacks. $SPY $VIX htt…
Craig S.
4 Sep 15 19:30:55
RT @UPBOptionMil: Nearly 9 months of pleasant consolidation gave birth to one nasty little bear $SPY http://t.co/ohq7KK7C9C
Sarah Glass
4 Sep 15 19:29:54
RT @MarketTimer_F3: Well, September looks like it will be off to a good start. $SPY http://t.co/U38Oizf7Pz
trader618.com
4 Sep 15 19:27:52
Unrelenting Buy Support Continues & More Artificial Rally Likely Next Week. #stocks #futures $ES #emini $SPY http://t.co/B7HdQ4bdPO
See It Market
4 Sep 15 19:22:20
Are The Financial Markets Turning Into Mr. Toad's Wild Ride? http://t.co/e9gqUgdT0D by @BartsCharts $SPY $USD $TWTR http://t.co/HTHELw3WH6
The Double Dip
4 Sep 15 19:22:20
RT @KevinBCook: $SPY What is the short-term bullish technical case now? Hard to see when $SPX below 1-yr ago levels (3Q14 mean price 1962, …
Mani Ohli
4 Sep 15 19:22:11
Option Millionaires: nlightn: yep,..got those $SPY puts also. Oct165p @ .18 http://t.co/avbEEeRibl
				
				
By  +Follow October 16, 2013 8:45AM
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