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SPY, Major ETFs Bounce on Potential Debt Deal

By  +Follow October 16, 2013 8:45AM
Tickers Mentioned:

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
18 Apr 14 08:43:46
RT @StockTwits: CWS Market Review: The Threat Of Inflation http://t.co/vt4CUMPeue via @EddyElfenbein $SPY $IBM $WFC
18 Apr 14 08:43:06
$SPY How Millennials Can Avoid Investing Pitfalls [S&P 500, SPDR S&P 500 ETF Trust]: How Millennials Can Avoi... http://t.co/gsvgTul7Qt
18 Apr 14 08:36:54
GMO's Montier - stocks are overvalued $SPY http://t.co/qOP6PAV4so via @sharethis
18 Apr 14 08:32:15
This Is What We Have Been Up To Day Trading In Jordan... $SPY $SPX $ES_F ---> http://t.co/KuGMbQLCzT
The LincolnList
18 Apr 14 08:30:09
days of chart talk set ups and money management/ All free Click for more info http://t.co/X4hLPofCJs $SPY $FB $TWTR
Derek Russell
18 Apr 14 08:28:03
Why Stocks Are 43% Too Expensive #forbesmagazine http://t.co/7OSzGLceTY via @forbes $SPY Guess who missed the market?
Financial Iceberg
18 Apr 14 08:27:01
ETF s Volume Indicator : Near Overbought Zone ? $SPY, $SPX, $ES_F http://t.co/XmvMo8QI5W
18 Apr 14 08:22:19
The 7 Best Price Action Patterns Ranked by Reliability http://t.co/XiLGmvFcvI $ES_F $SPY $SPX
Van Castle
18 Apr 14 08:17:41
RT @PeterGhostine: $SPX | $SPY ... What might happen next week. What I'm expecting to happen next week. http://t.co/RAlTNGhSsN
18 Apr 14 08:12:39
The best #Economy #Investing #Forex #Markets #Trading Tips & #Finance #Tech #Info for you. http://t.co/EB2ab0dQ1S $QQQ $SPY $DIA $EWP #NYSE
Justin Burgess
18 Apr 14 08:12:32
RT @StockTwits: CWS Market Review: The Threat Of Inflation http://t.co/vt4CUMPeue via @EddyElfenbein $SPY $IBM $WFC
Spencer McLeod
18 Apr 14 08:10:47
Twitter awfully quiet without the market open. $TWTR $FB $SPY $QQQ
18 Apr 14 08:08:55
“@tradingmemes: So you’re telling me to become rich… via @gregnb http://t.co/3VYEjhPadN #GURUS $SPY http://t.co/rt7XQkUF0T” @bolonomicz
Financial Iceberg
18 Apr 14 08:06:14
Russell 2000 and SP500 Ratio: Still Weakening ? $SPY, $SPX, $ES_F, $IWM, $RUT http://t.co/pl2pWa40ou
18 Apr 14 08:02:25
General Electric 1Q earnings beat expectations http://t.co/PiI9YP3W5L #video $SPY
Gary Thomson
18 Apr 14 07:51:09
RT @i_Know_First: Stock Forecast > http://t.co/I3ZOuFYUFq $goog $msft $chkp $mu $yhoo $spy $qqq
IKnowFirst Research
18 Apr 14 07:48:18
RT @i_Know_First: Stock Forecast > http://t.co/I3ZOuFYUFq $goog $msft $chkp $mu $yhoo $spy $qqq
Andrew Abraham CTA
18 Apr 14 07:48:00
Leading Stocks - Strongest Stocks on a Relative Strength Basis $WYNN $URI $GLOG $ARRS $SPY $QQQ $THRM - http://t.co/qQ3JiLF2BZ
я знаю первым
18 Apr 14 07:47:05
RT @i_Know_First: Stock Forecast > http://t.co/I3ZOuFYUFq $goog $msft $chkp $mu $yhoo $spy $qqq
18 Apr 14 07:45:17
Not yet a subscriber? Use promo 100APR to get started. http://t.co/cxursja8Zi $SPY $GLD $TLT $SPXL $SPXS $BIS $RUSS $YANG
Jackie Highfield
18 Apr 14 07:45:07
$SPY Why deficit spending supports profits for Sony and Softbank http://t.co/YJJ5OCTVQ8
I Know First: Brasil
18 Apr 14 07:44:28
RT @i_Know_First: Stock Forecast > http://t.co/I3ZOuFYUFq $goog $msft $chkp $mu $yhoo $spy $qqq
I Know First UK
18 Apr 14 07:43:43
RT @i_Know_First: Stock Forecast > http://t.co/I3ZOuFYUFq $goog $msft $chkp $mu $yhoo $spy $qqq
18 Apr 14 07:33:35
$SPY OI for maturity 04/19/2014. 180.00 Highest put. 190.00 Highest call. http://t.co/bu36QsqVf8
18 Apr 14 07:31:45
You’re Swimming with Sharks Now http://t.co/6oPxKV2Ugt $IBB $IWM $QQQ $SPY
18 Apr 14 07:30:40
RT @StockTwits: CWS Market Review: The Threat Of Inflation http://t.co/vt4CUMPeue via @EddyElfenbein $SPY $IBM $WFC
18 Apr 14 07:25:54
Sector Rotation: Market On the Defensive at All-Time Highs http://t.co/4vmWA7TNCz via @seeitmarket $SPY $XLU $XLK $XLF $XLE $SPX $STUDY
Financial Iceberg
18 Apr 14 07:25:42
SP500 Financials and VIX : Strong Rebound ? $SPY, $SPX, $ES_F, $VIX http://t.co/OZvbRSxwHP
Wincrease Team
18 Apr 14 07:24:55
RT @candidbanter: Days off like this in the market are good for studying your past trades. What's working, back test…how can I do better??…
aziz saba
18 Apr 14 07:22:48
"@upstocks: Technical analysis of the $SPY and the $QQQ" http://t.co/RtzVcIGfJZ
aziz saba
18 Apr 14 07:22:29
Technical analysis of the $SPY and the $QQQ
18 Apr 14 07:21:57
Weekly ETF Flows: $6B Leaves Equities $SPY $EEM $IYR http://t.co/ZNDWYxHMsr
Trader Tape
18 Apr 14 07:19:37
$SPY $QQQ $DIA Stock #Mkt #Video: Daily Technical Analysis & Outlook 4/18/14 http://t.co/eDhZn5MaRe
Kevin Araujo
18 Apr 14 07:14:07
So many winners this week. Pre planned, beforehand. $SPY $TWTR $FB $QQQ #wolfpack $$$ check it out at http://t.co/34p3tlEakS subscribe.
18 Apr 14 07:05:23
$SPY Max Pain is 185.00 for maturity 04/19/2014. Last close = 186.39. http://t.co/2IKSnfhXC0
Jeremiah Sams
18 Apr 14 07:02:10
Wow the volume is really really light today... I may have to take the day off. $SPY $DIA $IWM $QQQ
See It Market
18 Apr 14 07:01:40
5 Disciplines For Successful Trading http://t.co/ywwCnPtD7f $SPY $QQQ $STUDY
Money and Matters
18 Apr 14 06:59:00
RT @StockTwits: CWS Market Review: The Threat Of Inflation http://t.co/vt4CUMPeue via @EddyElfenbein $SPY $IBM $WFC
18 Apr 14 06:55:32
CWS Market Review: The Threat Of Inflation http://t.co/vt4CUMPeue via @EddyElfenbein $SPY $IBM $WFC
18 Apr 14 06:55:21
RT @PeterGhostine: $SPX | $SPY ... What might happen next week. What I'm expecting to happen next week. http://t.co/RAlTNGhSsN
Ariel Silahian
18 Apr 14 06:55:17
bactesting option strategies... amazing results. $SPY $GOOG $DIA $AAPL $QQQ
The Market Mechanic
18 Apr 14 06:53:11
18 Apr 14 06:42:05
Days off like this in the market are good for studying your past trades. What's working, back test…how can I do better?? #study $SPY $ES
Brennan Basnicki
18 Apr 14 06:39:47
"New Post: The Upcoming Wort Six Months http://t.co/u2M8sNc3cE" Great post by @RyanDetrick $SPY $QQQ $IWM $DIA
Peter Ghostine
18 Apr 14 06:39:36
$SPX | $SPY ... What might happen next week. What I'm expecting to happen next week. http://t.co/RAlTNGhSsN
18 Apr 14 06:38:10
1YR $SPY vs. $VXX. Showing average true range, MACD, & volume. http://t.co/2CGppblAOv
Silvana Orozco
18 Apr 14 06:35:05
Find more winners like $RKT $LM $GEF $SPY Click http://t.co/EyyUDawQEc
Jeff York
18 Apr 14 06:34:50
@steenbab I have found using the weekly & monthly pivots on the $SPY make great entry & exits targets. I like 2 scale http://t.co/iNPbSxlgd9
Kevin Araujo
18 Apr 14 06:25:33
***THE MAGIC PORTFOLIO*** April 18th $SPY $IWM $QQQ $DIA $TWTR $ALR $ARUN $ADSK $SBUX $FB $… http://t.co/RmO83w2tBO
Lars Anders
18 Apr 14 06:24:11
$STZ Awesome #Stock #Research $SLAB $BIG $SPY #Research http://t.co/m1TV4RpLXx
By  +Follow October 16, 2013 8:45AM



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