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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
Shanil Lal
7 May 15 02:01:09
RT @AllieL_Forex: Stocks carving a top: http://t.co/d2MYyXXnxv $MACRO $ES_F $SPY $SPX
LunaticTrader
7 May 15 01:56:29
Major bearish divergence in Adverse Move ratio. A drop to 1600 is in the cards of the S&P falls below 2000. $SPY http://t.co/C2lkLyOmp6
bestonforex.com
7 May 15 01:54:51
RT @forexstatus: FED Yellen: Rates have been at zero for an unthinkable six-plus years: http://t.co/tBcFuAARIx $SPX $ES_F $SPY $MACRO $EURU…
Forex Status
7 May 15 01:50:03
FED Yellen: Rates have been at zero for an unthinkable six-plus years: http://t.co/tBcFuAARIx $SPX $ES_F $SPY $MACRO $EURUSD
Ben
7 May 15 01:46:47
Selling begets selling $SPY
Russell Barbour
7 May 15 01:46:08
Fous4x2 DVD review: http://t.co/EdBMlAdqQb #stocks #fous4 #trading $LIVE $SPY $OIL $NVEE $CAMT #pennystocks #daytrading
Forex Status
7 May 15 01:45:04
Stocks carving a top: http://t.co/CWoSLvAwPS $MACRO $ES_F $SPY $SPX
Allie Longford
7 May 15 01:45:04
Stocks carving a top: http://t.co/d2MYyXXnxv $MACRO $ES_F $SPY $SPX
Forex Status Stocks
7 May 15 01:44:04
Stocks carving a top: http://t.co/6ZBicaXasH $MACRO $ES_F $SPY $SPX
ForexExaminer
7 May 15 01:40:53
Yellen warning hits stocks http://t.co/hNLjjZB5K5 $SPY
Walter White
7 May 15 01:35:55
Asia was down another 2.75% tonight, DAX down 1% as of right now $SPY
Danhongl
7 May 15 01:32:47
RT @StockTwits: 5-years ago today, the Flash Crash happened. The Dow dropped 9% in minutes -> http://t.co/qDh8t6e4oB $SPY $DIA http://t.co/…
Stock_Huntress
7 May 15 01:19:51
Fous4x2 DVD review: http://t.co/MPvfbaOUxR #stocks #fous4 #trading $LIVE $SPY $OIL $NVEE $CAMT #pennystocks #daytrading
OM_giveaways
7 May 15 01:16:06
Top 5 Stocks of 2015 Free HD Video!!!! $GOOGL $AAPL $TSLA $SSYS $VXX $VIX $SPY $SPX #stocks http://t.co/M2rcBOWo2Z http://t.co/xNSeRyuCKN
Rimbit ➡
7 May 15 01:06:05
RT @PurbaBiz: RT @agurevich23: While ppl sweat small stuff, like $SPY, DXY, or USTs, or bunds, #bitcoin is gathering momentum after a doubl…
@fyrstikken
7 May 15 00:53:04
RT @EquityClock: Short-term head-and-shoulders pattern on chart of S&P 500 Index suggests a decline towards support at 2040. http://t.co/Wz…
Leylaneth
7 May 15 00:50:55
"@Cousin_Vinny: $VIX $VXV Risk Event Indicator also looking bullish for $NYA $SPY Note the hammer on $SPX grin." http://t.co/vPgUrpBEQ3
Equity Clock
7 May 15 00:45:52
Short-term head-and-shoulders pattern on chart of S&P 500 Index suggests a decline towards support at 2040. http://t.co/WzwZ3pbpti $SPX $SPY
MattBurns
7 May 15 00:31:10
In accordance with the forecast: http://t.co/PX7NYJ4eKh Tesla $TSLA first-quarter results beat expectations $SPY $QQQ http://t.co/vzMhJvIeSc
BenCasey1
7 May 15 00:31:01
In accordance with the forecast: http://t.co/UkgHlNIGpt Tesla $TSLA first-quarter results beat expectations $SPY $QQQ http://t.co/UF9EyhZAfa
David Taylor
7 May 15 00:30:50
In accordance with the forecast: http://t.co/TckY4wy7vA Tesla $TSLA first-quarter results beat expectations $SPY $QQQ http://t.co/CG8xXTbIe4
SmallCaps
7 May 15 00:30:31
http://t.co/95MeFP7MLh <-- Change your life and beat the wall street scammers at their own game! $USO $UWTI $TSLA $SPY
Jeremy Evans News
7 May 15 00:30:14
06/05/2015 $SPY corto - YouTube http://t.co/qR5n3DDzYW
Mike Masland
7 May 15 00:28:46
RT @Jesse_Livermore: Profit Margins in a "Winner Take All" Economy: http://t.co/Xpbid3d3Ep [New Post] $SPX $ES $SPY
Don Right
7 May 15 00:27:39
In accordance with the forecast: http://t.co/UMj8PyMf9C Tesla $TSLA first-quarter results beat expectations $SPY $QQQ http://t.co/CC0PxYOHuk
Gary Thomson
7 May 15 00:25:09
In accordance with the forecast: http://t.co/77V9Tipd3T Tesla $TSLA first-quarter results beat expectations $SPY $QQQ http://t.co/yKQNZHxIYR
Cami Oleary
7 May 15 00:22:42
RT @seanbmcnulty: Great photo on stock returns with and without QE @federalreserve #FOREX $SPY http://t.co/FVn2UQVXEk
Gary Thomson
7 May 15 00:20:54
In accordance with the forecast: http://t.co/1cY0C5z5rO Tesla $TSLA first-quarter results beat expectations $SPY $QQQ http://t.co/Ajqxn9KN6S
Seeking Alpha
7 May 15 00:20:35
ADP: U.S. Private-Sector Payrolls Rise Less Than Forecast In April http://t.co/npfvNpwywQ $SPY $DIA $QQQ
Der Bomber
7 May 15 00:19:41
RT @StockTwits: 5-years ago today, the Flash Crash happened. The Dow dropped 9% in minutes -> http://t.co/qDh8t6e4oB $SPY $DIA http://t.co/…
Manish.paul3@gmail.c
7 May 15 00:15:13
Isis Pharma CEO Dr Stanley Crooke Stock Side Effects Mad Money CNBC http://t.co/10N9mzFgJP #news $$ $spy
James Cho
7 May 15 00:07:42
RT @Jesse_Livermore: Profit Margins in a "Winner Take All" Economy: http://t.co/Xpbid3d3Ep [New Post] $SPX $ES $SPY
Ripvix
7 May 15 00:07:08
RT @OptionSamurai: $SPY $ES_F Market model is turned neutral. volatility increased rapidly.I have protective puts.but still bullish. http:/…
Forex First Aids
7 May 15 00:04:35
RT @OptionSamurai: $SPY $ES_F Market model is turned neutral. volatility increased rapidly.I have protective puts.but still bullish. http:/…
Beverage Consulting
7 May 15 00:03:47
RT @SeekingAlpha: Quarterly Earnings And Portfolio Update http://t.co/e4L5sr40sh $BUD $SPY
OptionSamurai
7 May 15 00:03:26
$SPY $ES_F Market model is turned neutral. volatility increased rapidly.I have protective puts.but still bullish. http://t.co/JT8T3uaExs
Casey
6 May 15 23:58:47
RT @marketminute: [Mish's Daily] for 5/7/2015: I Sure Hope The Road Don't Come To Own Me $SPY $IWM $DIA $QQQ http://t.co/SmfGWlgPN5
Gokul Raj
6 May 15 23:46:27
RT @Jesse_Livermore: Profit Margins in a "Winner Take All" Economy: http://t.co/Xpbid3d3Ep [New Post] $SPX $ES $SPY
Kgothatso Baloyi
6 May 15 23:46:05
RT @forexstatus: FED Yellen highlights: http://t.co/tBcFuAARIx $SPX $ES_F $SPY $MACRO $EURUSD
Kgothatso Baloyi
6 May 15 23:46:03
RT @forexstatus: FED Yellen: Rates have been at zero for an unthinkable six-plus years: http://t.co/tBcFuAARIx $SPX $ES_F $SPY $MACRO $EURU…
Eric H.
6 May 15 23:44:35
RT @sanglucci: Action in Review | "Big Fade Trades on ETFs" | http://t.co/MQBFGe1B2D | $SPY $EEM #ETF #stocks #options http://t.co/lUuw1kXK…
ZornTrader
6 May 15 23:44:01
RT @MatthewMcCall: Rally into close helps $SPY hold support. More on market, oil, earnings at 6pm ET on Making Money w @cvpayne with @Hilar…
sixtyflattofinish
6 May 15 23:36:46
RT @HedgeBz: JPMorgan: “Overweight In Stocks; Stay Long Duration In Bonds” $SPY $TLT
Trixie
6 May 15 23:30:05
RT @Jesse_Livermore: Profit Margins in a "Winner Take All" Economy: http://t.co/Xpbid3d3Ep [New Post] $SPX $ES $SPY
Steven Schoenfeld
6 May 15 23:28:39
RT @MktOutperform: Big reversal over the past month. Small caps now underperforming large caps on the yr. $IWM $SPY http://t.co/QmXEDWereQ
Jesse Livermore
6 May 15 23:28:07
Profit Margins in a "Winner Take All" Economy: http://t.co/Xpbid3d3Ep [New Post] $SPX $ES $SPY
Stu
6 May 15 23:26:53
RT @seeitmarket: S&P 500 Update - Watch That Wedge http://t.co/uKppW3DP8K $SPY $SPX
Jim Harrison
6 May 15 23:20:28
$SPY $ES_F S&P 500 emini futures #HFT May 07 2015 01:20 EST http://t.co/8lhehGYzhQ
BookMap
6 May 15 23:20:27
$SPY $ES_F S&P 500 emini futures #HFT May 07 2015 01:20 EST http://t.co/GVdnNIOpT8
Hedge AccordingLY
6 May 15 23:15:06
JPMorgan: “Overweight In Stocks; Stay Long Duration In Bonds” $SPY $TLT
				
				
By  +Follow October 16, 2013 8:45AM
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