SPDRS&P 500ETF (SPY)

SPY (NAL:Financial Services) ETF
$199.27
pos +0.00
+0.00%
Today's Range: 0.00 - 0.00 | SPY Avg Daily Volume: 126,770,200
Last Update: 08/27/15 - 4:00 PM EDT
Volume: 0
YTD Performance: -3.10%
Open: $0.00
Previous Close: $199.27
52 Week Range: $181.92 - $213.78
Oustanding Shares: 814,282,115
Market Cap: 158,524,442,148
6-Month Chart
TheStreet Ratings Grade for SPY
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy
Moderate Buy
Hold
Moderate Sell
Strong Sell
Mean Rec. 0.00 0.00 0.00 0.00
Latest Dividend: 0.00
Latest Dividend Yield: 0.00%
Dividend Ex-Date: 12/31/69
Price Earnings Ratio: 0.00
Price Earnings Comparisons:
SPY Sector Avg. S&P 500
0.00 0.00 24.79
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-6.37% -0.49% 40.71%
GROWTH 12 Mo 3 Yr CAGR
Revenue 0.00 0.00 0.00
Net Income 0.00 0.00 0.00
EPS 0.00 0.00 0.00
Earnings for SPY:
EBITDA 0.00B
Revenue 0.00B
Average Earnings Estimates

Earnings Estimates data is not available for SPY.

Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
But how much more upside can there be?
My most important take is that the normal correlations between asset classes -- stocks, bonds, commodities and currencies -- is not holding today; this should concern Bulls in the next day or so , if it continues. Most importantly, bonds closed near their highs -- and that is not a RISK ON message. I took the road less traveled buying on Tuesday afternoon and I took the road less traveled shorting on strength today. I am struck by so many low-quality stocks -- which have been schmeissed -- are rallying in rather large percentage terms today. Again, not the best of Bullish signposts. It seems, in watching the business news channels that EVERYONE caught the bottom ... and are again complacent. Ignored in that observation is the monumental technical damage of August 2015 and the fact that the global economy is wobbly and valuations are rich. Ignored is that the market mechanism is broken and Monday is not the last of it in all likelihood. Raise your hand if you think this market is healthy. Lazlo? Brian?Jeremy? Thomas? Bueller? As I have written, Tuesday was a near-perfect capitulation bottom after two -90% days. History shows we get a couple of contra trend rallies that are fierce in delta, but this is typically followed by a period of testing. I added aggressively to my Facebook (FB) short (over $89 today) and materially increased my short exposure through SPDR S&P 500 ETF (SPY) shorts all day on strength. As I posted in Columnist Conversation, were it not for a trip to the West Coast I would have been even more aggressive on the short side today.  (Medium-size short SPYs now). Banks are the world's fair. I like my early week pickups in this sector. A lot of technical analysts who were predicting another 10% drop on Tuesday are now looking for a rally towards the old highs. This provides little value-added to anyone as the rear window always has 20/20 vision. The close will be a function of the

More SPY Shortin' Goin' On Real Money Pro($)

I am getting much more serious on the short side with SPDR S&P 500 ETF (SPY) at $199.15 now.

Adding to My SPY Short Real Money Pro($)

In my view, the same levered ETFs that took us down on Tuesday afternoon took us up on Wednesday.

Shorting SPY Real Money Pro($)

I'm already beginning to hedge my long book.
I hope my transparency -- which today has included a discussion of stopping out SPDR S&P 500 ETF (SPY) for a gain and explaining why I am making certain trades -- are helpful for those who understand more specifically my trading strategies and entry and exit points.

Stopped Out of SPY Real Money Pro($)

I was stopped out of my SPDR S&P 500 ETF (SPY) long at $190.70 for a nice, $1.70 gain.

A SPY Precaution Real Money Pro($)

In order to insure my gain and given the general uncertainties associated with market and high-frequency trading programs that are the tail that wags the dog, I am putting in a $190.70 stop on my SPDR S&P 500 ETF (SPY) purchase (at $189) throughout the day.

Buying Even More SPY Real Money Pro($)

I again added to my SPDR S&P 500 ETF (SPY) position, this time at $188.85.

Trio of Things to Like Real Money Pro($)

A better tone to the high-yield debt market. We are more than four standard deviations below the 50-day moving average of the S&P index. Rising fear and bearish investment sentiment.

Columnist Conversations

We did finally see triggers against the last cycles in SPX, but I'm not convinced we won't fail again below th...
Cost basis $197.60
ConocoPhillips is attracting heavy bullish interest again today. Yesterday the stock gained 2.9% on its ...
a trip to the West Coast in the next few days I would be even larger in my short exposure now. So you know.

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