SPDRS&P 500ETF (SPY)

SPY (NAL:Financial Services) ETF
$216.64
pos +0.00
+0.00%
Today's Range: 0.00 - 0.00 | SPY Avg Daily Volume: 82,364,600
Last Update: 09/28/16 - 4:00 PM EDT
Volume: 0
YTD Performance: 6.26%
Open: $0.00
Previous Close: $216.64
52 Week Range: $181.02 - $219.60
Oustanding Shares: 908,982,116
Market Cap: 195,949,274,746
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 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
6.61% 15.23% 28.26%
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
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands

I'm Shorter Than I Used to Be Real Money Pro($)

My short of the SPDR S&P 500 ETF (SPY) . My Short of Apple (AAPL)
What was most notable this week were several quick shifts and pressure on bonds.

Novice Trade: S&P 500 ETF Real Money Pro($)

S&P and VIX are both down today, but market may meander upward.
It takes kicks in the pants such as market selloffs to remind ourselves not to get complacent.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar strengthened. The price of crude oil fell by $1.28 to $45.01 a barrel. Gold fell by $4 to $1,321 an ounce. I will stick with my expectation that we break $1,300-$1,310 support -- a guess based on obvious technicals. So my view on the asset class is semi useless! As I mentioned in my fertilizer post, agricultural commodities got hit again. Wheat down 7, corn down 9 and soybeans down 19. Lumber was off $2.70. Bonds fell in price and yields rallied. The 2s/10s spread rose to 94 basis points. Municipals fell, and I continue to avoid closed-end muni bond funds. (Look at closed-end muni fund BlackRock Municipal Target Term Trust (BTT) today -- there is no liquidity on the way out in these ETFs!). Junk bonds hit again, but Blackstone/GSO Strategic Credit Fund (BGB) remains vulnerable. Avoid like syphilis. Banks foundered despite higher interest rates and a steepening yield curve, dispelling the notion at least for this week that financials thrive when rates rise. To me, it depends why rates are rising. Insurance stocks down, but only modestly. Hartford Financial Services (HIG) rallied off its lows, and I added this week. Brokerages taken to the woodshed. I remain short Goldman Sachs (GS) and Morgan Stanley (MS) (albeit small). Bond surrogates, like real estate investment trusts (such as the iShares Dow Jones US Real Estate ETF (IYR) on my Best Ideas List) got clocked. Retail was on discount with market leader Home Depot (HD) again a downside feature. Autos and energy stocks weaker. Ag equipment lower on poor August dealer stats at Deere (DE) . I should be adding to my Caterpillar (CAT) short. Staples fell. Coca-Cola (KO) remains my favorite conservative large-cap short. It's doing its job lately on the downside. (T)FANG hit. Netflix (NFLX) downgraded. Tesla (TSLA) , ever the controversial stock, lower. Alphabet (GOOG) and Amazon (AMZN) down double digits. In individual names, Twitter (TWTR) , Radian Group (RDN) and DuPont (DD) were subject to profit taking. Oaktree Capital (OAK) higher most of the day until the last hour. Trade of the Week CMC Metals (CMC) suffered. Apple (AAPL) prospered. I was extraordinarily active in my Diary today and we had numerous value-added propositions from our great contributors: Jim "El Capitan" Cramer is going crazy about something. Mark "Nashville Cats" Sebastian on junk bonds.  Tim "Not Judy or Phil" Collins on how to trade the S&P 500 Index. Tom Graff on the Fed's fault -- or is it? Divine Ms. M has some gripes about the rally.
I am now back to market neutral after covering about 40% of my SPDR S&P 500  (SPY) short (moving to small-sized from medium-sized) on…
The trade thesis here comes down to how quickly and how high a bounce, if any, we'll see.
The global bond market, including taxable-bond plays like the iShares 20+ Year Treasury Bond ETF (TLT) , non-taxables like the iShares S&P National AMT-Free Municipal Bond Fund (MUB) and high-yield securities like the iShares iBoxx U.S. Dollar High Yield Corporate Bond ETF (HYG) . I would not be long any closed-end municipal bond funds or junk-bond funds, e.g. (BGG)  (down $0.15). All bond surrogates. That includes real estate investment trusts like the iShares Dow Jones US Real Estate ETF (IYR) recently placed on Best Ideas List, consumer staples and utilities. Growth stocks like Amazon, (AMZN) , Netflix (NFLX)  and Tesla (TSLA) . Banks, despite the general drop in bond prices. Retail plays, including Home Depot (HD) , Nordstroms (JWN) , Dollar Tree (DLTR) and Dollar General (DG) . The price of crude oil and oil stocks like Exxon Mobil (XOM) and Schlumberger (SLB) . Fertilizer companies like Monsanto (MON) and Potash (POT) . Media stocks like Walt Disney (DIS) . Consumer-discretionary stocks, including Starbucks (SBUX) . Consumer staples such as Coca-Cola (KO) . Autos, including Ford (F) and General Motors (GM) . The S&P 500 (SPY) .
Here's a philosophical look at The Trader's Dilemma.

Sold Off My SDS Long Real Money Pro($)

I sold the balance of my "trading long" in the ProShares UltraShort S&P 500 ETF (SDS) when the S&P 500 futures were down an additional 13 handles or so in premarket trading a little earlier this morning.

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