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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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for SPY
Winborn Traders
19 Dec 14 06:55:45
A business with no staff,no customers,no inventory,no rent&could literally be operated from anywhere in the world $SPX $SPY $DJI $QQQ $ES_F
billy portis
19 Dec 14 06:55:25
RT @Bay_Lounge: Stornoway Diamonds Shows Progress At Renard > $1.20/share valuation vs. $0.47/share mkt price. Article: http://t.co/UNUdmL…
David Casas
19 Dec 14 06:55:21
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
Scout Indians
19 Dec 14 06:55:07
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
MarketWeight
19 Dec 14 06:54:57
“It's 4 o'clock on Wall Street, do you know where your money is?” Yep.......it's just got jammed 70 points above the market!!! $SPY 212.97
Jill
19 Dec 14 06:54:50
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
Entrepreneur KC
19 Dec 14 06:54:47
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
Winborn Traders
19 Dec 14 06:54:36
Like Our Facebook Page to Receive $ES_F #ES_F #CMEGROUP #Ninjatrader Trading Signals in Real Time: http://t.co/yNsrlcY08K $SPX $SPY $GLD
ETF Database
19 Dec 14 06:54:33
Risk Remains ON $SPHB > $SPY > $SPLV
Gubb
19 Dec 14 06:54:09
RT @nanexllc: $SPY fat finger caused a record peak in options quotes for that time of day. Each day since 2010 http://t.co/mH7qPmGoWV
kayakgrl
19 Dec 14 06:54:08
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
Winborn Traders
19 Dec 14 06:54:07
Get Your 7-day Free Trial $ES_F Live Trading Room Visit http://t.co/xnrgpLkWJc $SPY $FB $NQ_F $SPX $YM_F $TSLA $NFLX $TWT $QQQ $DJI
Doc Holliday
19 Dec 14 06:54:06
@amirstep @WildcatTrader @gavparks @TommyThornton @Dannyvis according to @nanexllc the $SPY trades are standing....
PAME' DESIGNS
19 Dec 14 06:53:59
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
Emini Scalping
19 Dec 14 06:53:46
Watch #Emini $ES_F #DayTrading Training Videos http://t.co/cXU3TVxNHY & imagine if you attend our $SPX $SPY $AAPL $FB #ES_F Live TradingRoom
Kloss Films
19 Dec 14 06:53:42
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
HouVirtualPara
19 Dec 14 06:53:27
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
bithead
19 Dec 14 06:53:24
RT @JLyonsFundMgmt: ChOTD-12/19/14 Consecutive 2% UP Days In The S&P 500 (of course) $SPY $SPX http://t.co/qQnj9xx1Xq
Jamie Meloni
19 Dec 14 06:53:09
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
TRADEaddiction
19 Dec 14 06:53:00
short $SPY
Natalie
19 Dec 14 06:52:57
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
mmtul
19 Dec 14 06:52:38
In big liquid securities, like $SPY, just put your buy offers in at the market - #advicefromtheguyexecutedat$212
Michaela Schroetel
19 Dec 14 06:52:30
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
Winborn Traders
19 Dec 14 06:52:26
$ES_F $SPX $SPY $DJI $QQQ $YM_F $NQ_F $TF_F $FB did your Trade get Stopped Out because of The Market's noises? we can help you to avoid it!
Pioneer Management
19 Dec 14 06:52:11
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
DC Bahai Community
19 Dec 14 06:51:57
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
Winborn Traders
19 Dec 14 06:51:37
7day free trial for 5years Old Live Trading Room $ES_F #ES_F $SPY $SPX $DJI $QQQ $IWM http://t.co/OF0TpPg5cD
Karen Hoxmeier
19 Dec 14 06:51:30
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
Janet
19 Dec 14 06:51:10
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
Chris Boyd
19 Dec 14 06:51:04
RT @nanexllc: $SPY spike wasn't 1 trade. Or 10, or 100. It was 1,147 trades (610K shares): http://t.co/WpNQsnVJyh
EMini Futures
19 Dec 14 06:50:57
By Attending Our Live $ES_F #ES_F $SPY $SPX Trading Room youcan find the market's direction and trade based on that and be successful Trader
Jeff
19 Dec 14 06:50:56
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
Martín Luna
19 Dec 14 06:50:52
RT @YahooFinance: Insiders are looking for the uptrend in US equities to continue http://t.co/Hk49IvZvgS via @carsondahlberg $SPY http://t.…
G. Thomas Lackey Jr
19 Dec 14 06:50:49
RT @TampaStockTradr: $VXX coiling up in a falling wedge. $SPY
ljhudie
19 Dec 14 06:50:44
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
Andrew
19 Dec 14 06:50:29
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
GAVIN-Rainbow Charts
19 Dec 14 06:50:26
$SPY 60 min Rainbow Chart. MAs crossing over. CCI exhausted breaking under +100. #simple #tradedembows http://t.co/C2IALA9DQT
Winborn Traders
19 Dec 14 06:50:18
Watch #Emini $ES_F #DayTrading Training Videos http://t.co/tfLjjdJktb & imagine if you attend our $SPX $SPY $AAPL $FB #ES_F Live TradingRoom
WS BULLY
19 Dec 14 06:50:14
$bac breaks 17.60 she's gone .. Needs that $spy push
S. Robert Levine,
19 Dec 14 06:50:12
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
Sanjay
19 Dec 14 06:49:52
@SanjayPindolia covered $spy 205.85
michaeldumlao
19 Dec 14 06:49:45
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
Lauren
19 Dec 14 06:49:27
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
@theHUNGRY__BEAR
19 Dec 14 06:49:18
RT @CyprusSINKING: A market crash is a nightmare for that own 99% of shares, for everyone else it will mean liberation of resources. $SPX $…
MarketWeight
19 Dec 14 06:49:15
Unfortunately, everyone needs the host to grift off of so nobody cares. $SPY 212.97 #Broken_Corrupt_Capital_Markets
Sarah Kaufman
19 Dec 14 06:49:06
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
@theHUNGRY__BEAR
19 Dec 14 06:48:55
RT @Crash_1929: A market crash is a nightmare for that own 99% of shares, for everyone else it will mean liberation of resources $tvix $uvx…
lizeth correa
19 Dec 14 06:48:50
RT @philstockworld: Stop the Rally, We Want to Get Off! $SPY $QQQ $DIA $IWM #QuadWitching -- http://t.co/Xxkdp0oTpQ http://t.co/fwSoHQOrMA
@theHUNGRY__BEAR
19 Dec 14 06:48:45
RT @Crash_1929: Warren Buffett: Optimism.. is the enemy of the rational buyer. $SPX $DIA $SPY $AAPL $ZNGA $MSFT $BAC $C $GS $KO $MSFT $PCLN…
Winborn Traders
19 Dec 14 06:48:37
Get Your 7-day Free Trial $ES_F Live Trading Room Visit http://t.co/3fQAOqTjDf $SPY $FB $NQ_F $SPX $YM_F $TSLA $NFLX $TWT $QQQ $DJI
				
				
By  +Follow October 16, 2013 8:45AM
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