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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.

Results for SPY
Luke Whiteman
24 Apr 14 17:21:28
RT @JackDamn: Intraday tick readings near +1235 and above have lead to short term exhaustion moves in the $SPY. (via Tim Ord) $TICK http://…
ブラッド
24 Apr 14 17:20:36
RT @RyanDetrick: Just looked and found there were 175 stock splits in 2000 vs just 1 in 2009. There were 32 last year and 17 so far this ye…
Colin Macleod
24 Apr 14 17:19:19
The $SPY $QQQ $F & $AAPL all gappin up today *uck I love earnings season let make some money #Scalpthatstock http://t.co/ZnO2TL38kf
Jeff York
24 Apr 14 17:18:47
RT“@AlmanacTrader: Blog Post: Midterm-Year Mays Rank Poorly $SPY $DIA $QQQ http://t.co/6cW0iugBju”
iHugo Albert
24 Apr 14 17:18:15
$SPY China’s domestic consumption is starting to support a soft landing http://t.co/1IFsaglGHD
IMPERTIA
24 Apr 14 17:14:02
$SPY every dip has it's rip..
Gary Rosovsky
24 Apr 14 17:13:51
Earnings news on $FTNT $HAR $AVX $SPY #wallstreet http://t.co/WTsjsyeBsQ
Jack Damn
24 Apr 14 17:12:36
Intraday tick readings near +1235 and above have lead to short term exhaustion moves in the $SPY. (via Tim Ord) $TICK http://t.co/58Z4SgE7xi
lvgs
24 Apr 14 17:12:02
RT @silverjet2: April Michigan Consumer Sentiment to be released at 9:55 AM EDT on Friday is expected to increase to 83.0 from 82.6. $SPX $…
Vito the Guru
24 Apr 14 17:10:31
#Stocks you might want to buy $NLY $BHI $PCLN $SPY Visit http://t.co/5G9lfE8uRj
ChartingStock
24 Apr 14 17:07:47
$SPY Resistance $188.39 $189.22 $189.7..Support $186.93 $186.21 $185.56 $184.65 Gap=$184.2 Overall Risk Management Is Key $SPX $ES_F
MaryNYC
24 Apr 14 17:07:24
RT @chessNwine: NEW POST: Stock #Market Recap 04/24/14 {Video} http://t.co/99RefgabQR $AMZN $FB $IWM $QQQ $SPY
Peter Lowden
24 Apr 14 17:03:17
Recent market $SPY pause is from 20% correction in "new titan" growth stocks. Chart shows group is now at resistance. http://t.co/pLGFYyMLry
A
24 Apr 14 16:59:47
So has the big boys distributed their shares already? $SPY
CodyHindSTA
24 Apr 14 16:58:38
September 6th Day Trading Recap: +16 Points – The NFP Report Brings Volatility and Opportunity http://t.co/Y4jres4Q3V $ES_F $SPY $SPX
Brennan Basnicki
24 Apr 14 16:55:21
"There were 175 stock splits in 2000 vs just 1 in 2009. There were 32 last year and 17 so far this year". - @RyanDetrick $SPY $STUDY
瀧口修造
24 Apr 14 16:51:28
RT @AlmanacTrader: Blog Post: Midterm-Year Mays Rank Poorly $SPY $DIA $QQQ http://t.co/2JwJV41hCL
Lagos Capital
24 Apr 14 16:49:59
RT @JackDamn: Martin Pring's Market Roundup (April 23rd, 2014) http://t.co/oTgAJjCOee Charts & analysis by Martin Pring. $SPY http://t.co/7…
Options Coach Lilia
24 Apr 14 16:49:39
Closed my $SPY "synthetic" #options for a net gain of $312. Details at http://t.co/oF7A95aXkp . #calls #puts #trading #tastytrade #doughTV
Kori Nilsen
24 Apr 14 16:49:35
RT @JackDamn: Martin Pring's Market Roundup (April 23rd, 2014) http://t.co/oTgAJjCOee Charts & analysis by Martin Pring. $SPY http://t.co/7…
z
24 Apr 14 16:37:16
$FEYE Should Buy Out $IMPV While they Enjoy Super Inflated Market Cap $SPY $IWM $QQQ $AAPL $CSCO $AMZN $MDSO $NFLX $FB $TWTR $QCOM $SYMC
The Panic
24 Apr 14 16:36:34
RT @RyanDetrick: Just looked and found there were 175 stock splits in 2000 vs just 1 in 2009. There were 32 last year and 17 so far this ye…
Ben Silverberg
24 Apr 14 16:36:20
April Michigan Consumer Sentiment to be released at 9:55 AM EDT on Friday is expected to increase to 83.0 from 82.6. $SPX $SPY
Edward Gofsky
24 Apr 14 16:35:20
RT @chessNwine: NEW POST: Stock #Market Recap 04/24/14 {Video} http://t.co/99RefgabQR $AMZN $FB $IWM $QQQ $SPY
Befree
24 Apr 14 16:34:31
RT @JackDamn: Martin Pring's Market Roundup (April 23rd, 2014) http://t.co/oTgAJjCOee Charts & analysis by Martin Pring. $SPY http://t.co/7…
killagroove
24 Apr 14 16:34:07
RT @RyanDetrick: Just looked and found there were 175 stock splits in 2000 vs just 1 in 2009. There were 32 last year and 17 so far this ye…
Ryan Detrick, CMT
24 Apr 14 16:33:41
Just looked and found there were 175 stock splits in 2000 vs just 1 in 2009. There were 32 last year and 17 so far this year. $spy
Briefing.com
24 Apr 14 16:33:30
Recap of today’s #market activity, key #news after the close http://t.co/rGhz5YI5DN $SPY $DJIA $QQQ #earnings #stocks #AfterHoursReport
Insider Trade Alerts
24 Apr 14 16:29:36
$XOM Get research on $INT $MKL $SPY #Stock http://t.co/hlggSXa66t
gangster ninja
24 Apr 14 16:25:43
Big tech collusion deal reached: Lipton http://t.co/IAADw3Wbjl #video $SPY
occupy
24 Apr 14 16:19:50
4/24 Free Video of lLive Chat Option Calls and Entries $SPY $BRCM $MNK $TSLA $SINA $NFLXhttp://lnkd.in/bwnCmt7 http://t.co/WxKF9mWRX9
Sheldon McIntyre
24 Apr 14 16:19:28
"@jackdamn: Martin Pring's Market Roundup (April 23rd, 2014) http://t.co/BKygw2rDqf Charts & analysis by Martin Pring. $SPY"
KAVEH ILKHANIPOUR
24 Apr 14 16:18:22
"@jackdamn: Martin Pring's Market Roundup (April 23rd, 2014) http://t.co/HjhnBucgfx Charts & analysis by Martin Pring. $SPY"
Vishal
24 Apr 14 16:16:29
RT @itzstockchartz: $SPX Head & Shoulders $SPY http://t.co/2yVujsfzlX
Michele Schneider
24 Apr 14 16:15:03
Mish's Daily for 4/25/2014: "We Need A Little Neon, Time To Get A Drink On" $DIA $SPY $QQQ $IWM http://t.co/Z0BeCRfQLW
steven spencer
24 Apr 14 16:12:52
RT @Sassy_SPY: Market Back on Crack #SassyMusings 4/32/14 $SPY $IWM $AMZN $V $LVS $NFLX $QQQ $BIDU $XLF $GS http://t.co/K4a93XnsTZ
Jack Damn
24 Apr 14 16:10:11
Martin Pring's Market Roundup (April 23rd, 2014) http://t.co/oTgAJjCOee Charts & analysis by Martin Pring. $SPY http://t.co/7WdgiNgF7r
Befree
24 Apr 14 16:09:47
RT @Sassy_SPY: Market Back on Crack #SassyMusings 4/32/14 $SPY $IWM $AMZN $V $LVS $NFLX $QQQ $BIDU $XLF $GS http://t.co/K4a93XnsTZ
Rachel
24 Apr 14 16:07:54
Market Back on Crack #SassyMusings 4/32/14 $SPY $IWM $AMZN $V $LVS $NFLX $QQQ $BIDU $XLF $GS http://t.co/K4a93XnsTZ
qe2
24 Apr 14 16:07:54
RT @RyanDetrick: Going back 30 yrs, $SPX up YTD into Easter (barely did it this yr) -up rest of yr 90% of time. $SPY http://t.co/74xkAoT92M
Befree
24 Apr 14 16:05:44
RT @hertcapital: RT @seeitmarket: New Post: "3 Charts Highlighting The Importance Of US Dollar 80 Level" http://t.co/KQyNoSsTOA by @TraderR…
Sheldon McIntyre
24 Apr 14 16:00:27
RT @seeitmarket: New Post: "3 Charts Highlighting The Importance Of US Dollar 80 Level" http://t.co/KQyNoSsTOA by @TraderRL23 $USDX $SPY
iHugo Albert
24 Apr 14 15:55:04
$SPY Chatter is of possible right shoulder as $ES_F gaps up and bold bears step in to defend http://t.co/z6NpeHVM9u
Declan Fallon
24 Apr 14 15:53:23
Commented on StockTwits: Would agree $IWM and $QQQ don't look great short term, but $DIA and $SPY want to pop higher. http://t.co/zHCYOTkw6p
Penny Lottery
24 Apr 14 15:49:45
RT @ClayTrader25: Live Stock Trading - An Important Lesson on Emotions - watch video here: http://t.co/an3kw9jN0h $FB $TSLA $ERBB $SPLI $ME…
pedmas
24 Apr 14 15:49:24
Bitcoin debit card http://t.co/xAhSmV3anf #video $SPY
Cammie Filman
24 Apr 14 15:42:21
Buying or selling? $CBT $ESS $PNC $SPY Worth a look http://t.co/2L8P4nstsI
Cliff Wachtel
24 Apr 14 15:41:54
Fools #Russian-1 Chart Shows How To Play Russia Tension-Related Sell-Offs #EU #gas pains, etc $SPY #stocks #forex http://t.co/RcMrYR3sbX
FinancialTrader
24 Apr 14 15:35:56
Another solid day in chat.. welcome to all the new members.. $SPY $APC $NFLX $RIG and few others... get in there and see for yourself :)
Jeff Quiggle
24 Apr 14 15:30:07
$MACRO > $TLT $EEM $USO $FEZ $JNK $SPY $FXI $OOO $IWM $GLD Yesterday > $TLT $EEM $USO $FEZ $JNK $FXI $SPY $QQQ $IWM $GLD
				
				
By  +Follow October 16, 2013 8:45AM
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