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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
David Wright
30 Jun 15 01:23:55
RT @RyanDetrick: $VIX futures moved to backwardation today, first time since Jan. Extremely bullish $SPY. Results here. http://t.co/FPBnG…
GW
30 Jun 15 01:21:05
RT @Callum_Thomas: Is $SPX already oversold? @Lvieweconomics $SPY $VIX http://t.co/lXILsHo6D5
binaryoptionsocial
30 Jun 15 01:16:19
RT Callum_Thomas: Is $SPX already oversold? Lvieweconomics $SPY $VIX http://t.co/FToRdOBZaa … … http://t.co/XG5hVFJGig
binaryoptionsocial
30 Jun 15 01:15:39
$TIF active, relative volume: 8.9, 1H, 4:00 AM, #nyse $SPY http://t.co/XG5hVFJGig
SMPH #Sanders2016
30 Jun 15 01:13:51
$KO active, relative volume: 4.63, 1H, 4:00 AM, #nasdaq $SPY $DJI http://t.co/mWqUw11a7O
SMPH #Sanders2016
30 Jun 15 01:13:51
$CELG active, relative volume: 3.34, 1H, 4:00 AM, #nasdaq $NDX $SPY http://t.co/mWqUw0JyJe
JimboPii
30 Jun 15 01:13:13
RT @Hubon: $SPY is approaching important support, if the Bulls can save this again like in February remains to be seen http://t.co/zmC9BJzL…
Simon Kazinsky
30 Jun 15 01:13:03
TECH ANALYSIS CHARTS - US main indices lingering at multi month supports: http://t.co/gb9EgMAHF3 $ES_F $SPX $SPY $DJIA #GREXIT
StockCharts.com
30 Jun 15 01:09:55
Arthur Hill: $SPY and $QQQ Break Support, Euro Holds Firm, Bonds Bounce $$ http://t.co/8QP3JEm1Y9
TalkMarkets
30 Jun 15 01:09:03
$SPY, Short Profit http://t.co/HZrJJWIdOw
Jawad Mian
30 Jun 15 01:06:39
Buy the dip. An object once set in motion tends to stay in motion. $FXI #DAX $DXJ $SPY
nicholas
30 Jun 15 01:03:27
am_alerts: $JNJ active, relative volume: 3.59, 1H, 4:00 AM, #nyse $SPY $DJIhttp://binaryoptionsocial.com
Alpha Maven Alerts
30 Jun 15 01:01:55
$UA active, relative volume: 6.07, 1H, 4:00 AM, #nyse $SPY
Alpha Maven Alerts
30 Jun 15 01:01:54
$TIF active, relative volume: 8.9, 1H, 4:00 AM, #nyse $SPY
Alpha Maven Alerts
30 Jun 15 01:01:50
$PEP active, relative volume: 6.26, 1H, 4:00 AM, #nyse $SPY
Alpha Maven Alerts
30 Jun 15 01:01:49
$MA active, relative volume: 4.83, 1H, 4:00 AM, #nyse $SPY
Alpha Maven Alerts
30 Jun 15 01:01:48
$KORS active, relative volume: 8.35, 1H, 4:00 AM, #nyse $SPY
Alpha Maven Alerts
30 Jun 15 01:01:47
$KO active, relative volume: 4.63, 1H, 4:00 AM, #nasdaq $SPY $DJI
Alpha Maven Alerts
30 Jun 15 01:01:45
$JNJ active, relative volume: 3.59, 1H, 4:00 AM, #nyse $SPY $DJI
Alpha Maven Alerts
30 Jun 15 01:01:43
$DFS active, relative volume: 10.76, 1H, 4:00 AM, #nyse $SPY
Alpha Maven Alerts
30 Jun 15 01:01:42
$CMG active, relative volume: 7.68, 1H, 4:00 AM, #nyse $SPY
Alpha Maven Alerts
30 Jun 15 01:01:41
$CHK active, relative volume: 8.79, 1H, 4:00 AM, #nyse $SPY
Alpha Maven Alerts
30 Jun 15 01:01:40
$CHK sentiment rise to: 0.71, change: +0.81, sdr: 1.54, 1H, 4:00 AM, #nyse $SPY
Alpha Maven Alerts
30 Jun 15 01:01:39
$CELG active, relative volume: 3.34, 1H, 4:00 AM, #nasdaq $NDX $SPY
Alpha Maven Alerts
30 Jun 15 01:01:37
$BMY active, relative volume: 5.66, 1H, 4:00 AM, #nyse $SPY
Omar
30 Jun 15 01:01:23
$204.20s primary target for naked $spy 206p. Expecting a flat/slightly lower open and panic down to target zone. Rally back remainder of day
Equity Sense
30 Jun 15 01:00:11
Hey Asian and European Traders. Get mentorship and more only @ http://t.co/FopXKrCJ9x <-- $EURUSd #HSI #SHCOMP $AAPL $NFLX $TSLA $SPY
Mike Lim
30 Jun 15 01:00:09
Hey Asian and European Traders. Get mentorship and more only @ http://t.co/ZIGMFCAqXS <-- $EURUSd #HSI #SHCOMP $AAPL $NFLX $TSLA $SPY
msputoptions
30 Jun 15 01:00:08
$SPY $TSLA $PCLN $BABA and $NFLX my trades had a slow start but picking up momentum @ close yesterday.
Gavin Martinsson
30 Jun 15 01:00:08
Hey Asian and European Traders. Get mentorship and more only @ http://t.co/4X4EV7WY58 <-- $EURUSd #HSI #SHCOMP $AAPL $NFLX $TSLA $SPY
binaryoptionsocial
30 Jun 15 00:59:32
RT Callum_Thomas: Is $SPX already oversold? Lvieweconomics $SPY $VIX http://t.co/FToRdOBZaa http://t.co/XG5hVG1h9O
binaryoptionsocial
30 Jun 15 00:59:30
RT Callum_Thomas: Is $SPX already oversold? Lvieweconomics $SPY $VIX http://t.co/FToRdOBZaa … http://t.co/XG5hVG1h9O
binaryoptionsocial
30 Jun 15 00:59:29
Is $SPX already oversold? Lvieweconomics $SPY $VIX http://t.co/FToRdOBZaa http://t.co/XG5hVG1h9O http://t.co/XG5hVG1h9O
Daniel Williams
30 Jun 15 00:56:52
RT @Callum_Thomas: Is $SPX already oversold? @Lvieweconomics $SPY $VIX http://t.co/lXILsHo6D5
Absolute Allah
30 Jun 15 00:53:41
China be ballin' $SPY
The Macro Navigator
30 Jun 15 00:49:49
$DJA - This seems to be pretty much over. Allow for the odd bounce but in general this is traveling southbound. $SPY http://t.co/ahV4qbViGa
Kora Reddy
30 Jun 15 00:46:08
a dozen $STUDY 's on $SPY as on 29th June 2015 http://t.co/mB40ujzHZD
Kora Reddy
30 Jun 15 00:45:18
dozen things about $SPY as on 29th June 2015 http://t.co/BbkBowKVyz http://t.co/C8KQdHxvAd
binaryoptionsocial
30 Jun 15 00:44:43
RT Callum_Thomas: Is $SPX already oversold? Lvieweconomics $SPY $VIX http://t.co/FToRdOBZaa http://t.co/XG5hVG1h9O
binaryoptionsocial
30 Jun 15 00:44:43
Is $SPX already oversold? Lvieweconomics $SPY $VIX http://t.co/FToRdOBZaa http://t.co/XG5hVG1h9O
Kloud Strife
30 Jun 15 00:44:16
RT @Callum_Thomas: Is $SPX already oversold? @Lvieweconomics $SPY $VIX http://t.co/lXILsHo6D5
Callum Thomas
30 Jun 15 00:40:03
Is $SPX already oversold? @Lvieweconomics $SPY $VIX http://t.co/lXILsHo6D5
Ruben
30 Jun 15 00:36:43
Next BTFD target: $SPY 205.23
Stockaholics
30 Jun 15 00:36:00
$SUTI Has Now Seen 400% Gains In The Past 2 Weeks! Special Update: http://t.co/l1zbyeWEGo $LEN $SPM $SPY
inside_nse
30 Jun 15 00:24:09
RT @StockTwits: The Greece debacle has lasted 5 years. AND the S&P 500 has responded like this -> http://t.co/2JyRbB4wt6 $SPY http://t.c…
Sentimentcharts
30 Jun 15 00:23:11
RT @RyanDetrick: $VIX futures moved to backwardation today, first time since Jan. Extremely bullish $SPY. Results here. http://t.co/FPBnG…
Jicmon Laurentiu
30 Jun 15 00:19:04
$SPY just no good risk reward here must let it go down a bit more.
Forex Status
30 Jun 15 00:17:04
TECH ANALYSIS CHARTS - US main indices lingering at multi month supports: http://t.co/HI1yApHzCZ $ES_F $SPX $SPY $DJIA #GREXIT
James DiPlata
30 Jun 15 00:13:09
RT @MsPutOptions: $SPY $TSLA $PCLN $BABA and $NFLX will share with you my strikes a little later in the week.
Jason Olive
30 Jun 15 00:07:06
RT @SeekingAlpha: Greece: The Biggest Loser http://t.co/Lmnbr12yV9 $DIA $SPY $QQQ $IWM $FXA $GREK
				
				
By  +Follow October 16, 2013 8:45AM
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