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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
Ironclad
29 May 15 04:19:59
https://t.co/8uTMyjDeW3 $SPY prezzo che segue sempre la ribassista, ma abbiamo anche una ip di inversione rialzista http://t.co/fqHtYwNdBW
Smarter Analyst
29 May 15 04:15:10
Trying To Make Sense Upside Down http://t.co/sD6c82ScAy $SPY $SPX $QQQ $DJIA $IWM $VXX $COMPQ
SLV Fractalerts
29 May 15 04:11:54
Tell us what you think about this weeks $SPY alert. How are you trading it? http://t.co/AaniNGNe3w
Matt Fanning
29 May 15 04:11:32
$SPY vs $FXI (1yr-daily) US Equites vs China Equites #stocks #global http://t.co/PLyyuNjc3P
MoneyShow
29 May 15 04:07:51
$SPY $QQQ $IWM Insights from Monthly Charts http://t.co/XHzTMrbSED
Traders Expo
29 May 15 04:07:06
$SPY $QQQ $IWM Insights from Monthly Charts http://t.co/zmfXmloVg2
TomAspray
29 May 15 04:06:13
$SPY $QQQ $IWM Insights from Monthly Charts http://t.co/WTrzEZI7GG
MoneyShow Trading
29 May 15 04:05:25
$SPY $QQQ $IWM Insights from Monthly Charts http://t.co/5GNKYdhe16
TheBurdetteLawFirm
29 May 15 04:05:23
Highest trading volume yesterday: $SPY $AAPL $TSLA $NFLX $BABA $TWTR $FB $AMZN $GPRO $PCLN $GLD $VXX $CMG http://t.co/IO1634CTfF
King of investments
29 May 15 04:05:16
Futures flat alongside global markets http://t.co/9Q8RDue3Kq $SPY, $QQQ, $DIA, $SH, $SSO, $SDS, $VOO, $IVV, $UPRO, $PSQ, $SPXU, $TQQQ, $SPXL
binaryoptionsocial
29 May 15 04:02:29
RT $AVGO active, relative volume: 13.72, 1H, 7:00 AM, #nasdaq $NDX $SPY http://t.co/Csk7miZSkI
Quantpost $QQQ
29 May 15 04:02:05
$QQQ News: "Futures flat alongside global markets #premarket $SPY $QQQ $DIA $SH" http://t.co/fJ2b6FgQRn Analyze: https://t.co/O6uZhDocWL
Top Market News
29 May 15 04:02:03
Futures flat alongside global markets http://t.co/zJbjhavQ7N #premarket $SPY $QQQ $DIA $SH
SA Breaking News
29 May 15 04:02:03
Futures flat alongside global markets http://t.co/CwQOq0OwLY #premarket $SPY $QQQ $DIA $SH
Alpha Maven Alerts
29 May 15 04:01:49
$STX active, relative volume: 9.14, 1H, 7:00 AM, #nasdaq $NDX $SPY
Alpha Maven Alerts
29 May 15 04:01:49
$SBUX sentiment rise to: 0.67, change: +0.62, sdr: 1.12, 1H, 7:00 AM, #nasdaq $NDX $SPY
Alpha Maven Alerts
29 May 15 04:01:48
$QCOM active, relative volume: 5.71, 1H, 7:00 AM, #nasdaq $NDX $SPY
Alpha Maven Alerts
29 May 15 04:01:45
$PG active, relative volume: 6.02, 1H, 7:00 AM, #nyse $DJI $SPY
Alpha Maven Alerts
29 May 15 04:01:43
$NEM active, relative volume: 8.18, 1H, 7:00 AM, #nyse $SPY
Alpha Maven Alerts
29 May 15 04:01:42
$MU active, relative volume: 4.88, 1H, 7:00 AM, #nasdaq $NDX $SPY
Alpha Maven Alerts
29 May 15 04:01:41
$MS active, relative volume: 7.65, 1H, 7:00 AM, #nyse $SPY
Alpha Maven Alerts
29 May 15 04:01:39
$MCD active, relative volume: 7.63, 1H, 7:00 AM, #nyse $DJI $SPY
Alpha Maven Alerts
29 May 15 04:01:38
$LUV active, relative volume: 9.65, 1H, 7:00 AM, #nyse $SPY
Alpha Maven Alerts
29 May 15 04:01:37
$JNJ active, relative volume: 5.37, 1H, 7:00 AM, #nyse $DJI $SPY
Alpha Maven Alerts
29 May 15 04:01:35
$INTC active, relative volume: 4.67, 1H, 7:00 AM, #nasdaq $DJI $NDX $SPY
Alpha Maven Alerts
29 May 15 04:01:33
$GOOG active, relative volume: 3.91, 1H, 7:00 AM, #nasdaq $NDX $SPY
Alpha Maven Alerts
29 May 15 04:01:33
$GM active, relative volume: 4.51, 1H, 7:00 AM, #nyse $SPY
Alpha Maven Alerts
29 May 15 04:01:32
$FSLR active, relative volume: 8.72, 1H, 7:00 AM, #nasdaq $SPY
Alpha Maven Alerts
29 May 15 04:01:30
$EBAY active, relative volume: 5.46, 1H, 7:00 AM, #nasdaq $NDX $SPY
Alpha Maven Alerts
29 May 15 04:01:27
$CMG active, relative volume: 9.34, 1H, 7:00 AM, #nyse $SPY
Alpha Maven Alerts
29 May 15 04:01:26
$BRCM active, relative volume: 8.86, 1H, 7:00 AM, #nasdaq $NDX $SPY
Alpha Maven Alerts
29 May 15 04:01:24
$AVGO active, relative volume: 13.72, 1H, 7:00 AM, #nasdaq $NDX $SPY
Alpha Maven Alerts
29 May 15 04:01:22
$AIG active, relative volume: 11.19, 1H, 7:00 AM, #nyse $SPY
Alpha Maven Alerts
29 May 15 04:01:21
$ABC active, relative volume: 6.06, 1H, 7:00 AM, #nyse $SPY
Joseph Rubinchak
29 May 15 03:59:13
$/NQ $qqq $spy Classic overnight dump and recover. Like we've never seen this one before haha. Go BULLS! http://t.co/qMDb8XG5Y9
Financial Iceberg
29 May 15 03:58:37
E-Mini SP500 Futures H5 Technicals - Weekly Daily Levels $SPY, $ES_F #Trading #Emini #SP500 http://t.co/NJFeBApFFB http://t.co/s1Z9rreK8m
Top ETF Funds
29 May 15 03:51:45
Book Review: The Great Minds of Investing.. http://t.co/3DBsKE4he4 $SPY #ETF #ETFs #Stocks
Top ETF Funds
29 May 15 03:51:28
ETFs for ‘growth’ and ‘value’ stocks can trip up investors.. http://t.co/1dvEfzk8iE $SPY #ETF #ETFs #Stocks
CodyHindSTA
29 May 15 03:45:12
Jan 24th ES Trading Recap: 7.5 Points - 75% Wins http://t.co/x13UO5Tt6N $ES_F $SPY $SPX
ChartDNA
29 May 15 03:44:49
$SPY The improvement for bulls is set for next week. Today's outlook sees little change http://t.co/0MJltfzill
The mask Trader
29 May 15 03:43:06
RT @byebyeSPX: Goldman Sachs is telling clients to protect themselves $SPX $SPY $VIX $DIA $QQQ $AAPL $FB $SIRI $CSCO $XOM $WMT $TVIX #STOC…
ChartDNA
29 May 15 03:41:04
$SPY Bullish forecast for next week. Better than the past couple of days of indecision http://t.co/2nRmG1Schv
MANDRADE™
29 May 15 03:40:39
RT @RedDogT3: $spy pivot support from yesterday is $211.63. A close below this brings range back to neutral. Bigger support $210.40. Resis…
Rhea Bronski
29 May 15 03:40:02
RT @AmericanEtrader: the $WTI VS $BRENT GAP is now ultra tight @ $4.63 ...? #WHAT $SPY $SPX $IWM $QQQ $DIA $USD $CAD $USO $OIL #BigFish
david west
29 May 15 03:39:13
RT @Dannyvis: Quarterly DeMark sells (first since 2007) would amasse in July on $SPX $SPY $ES_F w/existing sells on $DJIA $NDX
Stocks Creamun
29 May 15 03:34:57
RT @royfberger: Where is the $DOW headed? $HPQ $BABA $CLF $AKS $TSM $KGC $ORCL $SPY $QQQ http://t.co/8mR4s08jCl http://t.co/0hyQDJFlL3
Quantpost $QQQ
29 May 15 03:31:23
$QQQ News: "The Melody Yang Of Wall Street $FEU $SPY $DIA $QQQ" http://t.co/dmuddXw7jw Analyze: https://t.co/TZfxKIxGMo
Seeking Alpha
29 May 15 03:31:22
The Melody Yang Of Wall Street http://t.co/aJLEIaNXld $FEU $SPY $DIA $QQQ
The mask Trader
29 May 15 03:31:12
RT @_thebigbadwolf_: $TRAN should tell you the roadmap for $DJI good Luck! $DIA $SPX $SPY $VIX $SDOW $SQQQ $QQQ $VXUP $VXDN #STOCKMARKET ht…
Eugenio Simón
29 May 15 03:30:14
'Stock Market Bulls At Critical Juncture; Watch The VIX' @hedgopia via @seeitmarket $SPY $VIX http://t.co/cQoPFwJD55 http://t.co/GMENsujUAB
				
				
By  +Follow October 16, 2013 8:45AM
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