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SPDR S&P 500 Trust ETF (SPY)

  • Apr. 18, 2013, 9:03 AM
    After dropping to the lowest level since March 2009 last week, bulls gain 7.5 points to 26.8% in the AAII Investor Sentiment Survey. The long-term average of bulls is 39%. Those bearish drop 6.3 points to 48.2% - still well above the long-term average of 30.5%. From Bespoke is this chart of the SPY vs. the AAII bulls since 2009.
  • Apr. 18, 2013, 6:57 AM
    S&P 500 (SPY) +0.35%, Nasdaq 100 (QQQ) +0.4% following yesterday's ugly session, with the two downside leaders - Apple and BofA - up marginally in the premarket. Helping is a moderate rally in Europe, which has really struggled of late - Germany's DAX's bad string has returned it to flat for the year.
  • Apr. 17, 2013, 7:22 AM
    Futures post sizable losses - the S&P 500 (SPY) -0.7% and Nasdaq 100 (QQQ) -0.8% - as Europe fails to participate in a fairly broad global rally, the Stoxx 50 (FEZ) off 1.3%. Also not helping are Bank of America and Yahoo down more than 2% following earnings.
  • Apr. 16, 2013, 8:57 AM
    Stocks are "far from the overextended levels that prevailed at the prior peaks," says BAML, comparing the S&P 500 (SPY) today to March 2000 and October 2007. Earnings and dividend yields today are far higher; PE ratios, Price/Book, EV/EBITDA are all lower. "Third time a charm?"
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  • Apr. 16, 2013, 7:05 AM
    S&P 500 (SPY) futures show at least an early bounce from yesterday's sorry action, +0.5%. Nasdaq 100 (QQQ) +0.6%.
    | 1 Comment
  • Apr. 15, 2013, 10:48 PM
    Precious metals continue lower in volatile trade this evening, gold (GLD) off another 1.3% to $1,343/oz., and silver (SLV) tacking on another 3.3% in losses to $22.57. WTI crude oil slides 2.4% to $86.60/barrel. Stock index futures, however, show signs of a rebound, the S&P 500 (SPY) +0.3% and Nasdaq 100 (QQQ) +0.5%.
  • Apr. 15, 2013, 3:50 PM
    Calling recent stock market action a "buying stampede" unlike anything he's seen in more than 50 years of watching markets, Jeff Saut says the investors he talks to believe the rally is "artificially induced" and is set up for a crash. The big picture: QE remains, profits have risen along with stocks, the Advance/decline line has broken out to new highs - "there is nothing in the 'tea leaves' suggesting a repeat of double-digit declines" seen in the past 3 springs.
  • Apr. 15, 2013, 3:03 PM
    An explosion near the finish line of the Boston Marathon shakes stocks up further, the S&P 500 (SPY) dipping to a new session low, -1.8%.
  • Apr. 15, 2013, 12:38 PM
    The S&P (SPY) and Dow (DIA) have continued to notch record highs, but small caps (IWM -3%) - which led the way higher for much of the year - rolled over a few weeks ago and are falling especially sharply today. Technicians fret.
    | 1 Comment
  • Apr. 15, 2013, 11:24 AM
    A 2.5% move up in Citigroup following earnings is allowing the banks (XLF) to tread water or even move higher in an otherwise bright red tape. Leading the S&P on the downside is the resources sector, XLE -2.9%, XLB -2.5%. S&P 500 (SPY-0.7%.
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  • Apr. 15, 2013, 6:57 AM
    S&P 500 (SPY) futures -0.5%, Nasdaq 100 (QQQ) -0.4% as the liquidation in precious metals continues. Other sensitive commodities: WTI crude (USO) -2.5% to $88.76, and copper (JJC) -3.4% to $3.23.
  • Apr. 12, 2013, 4:35 PM
    Goldman follows up on last night's 16,000 Nikkei prediction with a 1900 target for the S&P 500 (SPY) by the end of 2015. The firm posits a scenario wherein pretty much everything that can go right, does: U.S. stocks will see "strong earnings growth, good dividend yield, and expansion in multiples" on their way to +9% annual returns. As for the risk to stocks posed by Fed tightening, GS notes that "historically, increases in yields from low levels driven by better growth have been associated with rising rather than falling" equities. What about rising rates coupled with anemic growth? 
    | 1 Comment
  • Apr. 12, 2013, 11:38 AM
    "We capitulate on our 'correction call,'" says JPMorgan's Tom Lee, bullish again after a brief foray into the bearish camp. Lee says the economy is stronger than he anticipated and even weak data (see retail sales earlier) is being "looked through."
  • Apr. 12, 2013, 8:45 AM
    The 10-year Treasury yield falls 5 basis points on the session to 1.74% following the weak retail sales print. TLT +1.1% premarket, with the last month's big rally in bond prices bringing it back to flat YTD. S&P 500 (SPY) futures dip to a session-low, -0.5%. The QQQoff 0.5% premarket.
    | 1 Comment
  • Apr. 8, 2013, 2:17 PM
    Moderate early losses are erased and stocks turn higher in afternoon trade, SPY +0.35%, QQQ +0.3%. Consumer goods stocks lead the way, the XLP +0.8%, the XLY +0.7%.
  • Apr. 8, 2013, 12:28 PM
    "Short the S&P (SPY) at (your) peril," David Tepper tells CNBC, remaining bullish on U.S. equities thanks to a worldwide search for yield and safety. Bank depositor haircuts in Europe and devaluation in Japan (he's bullish on Tokyo stocks as well) will drive even more money into both U.S. stocks and fixed income (TLT).
SPY vs. ETF Alternatives
SPY Description
The SPDR® S&P 500® ETF is a fund that, before expenses, generally corresponds to the price and yield performance of the S&P 500 Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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