SPDRS&P 500ETF (SPY)

SPY (NAL:Financial Services) ETF
$186.63
pos +0.00
+0.00%
Today's Range: 183.96 - 186.65 | SPY Avg Daily Volume: 149,492,600
Last Update: 02/12/16 - 4:00 PM EST
Volume: 0
YTD Performance: -8.46%
Open: $0.00
Previous Close: $182.86
52 Week Range: $181.02 - $213.78
Oustanding Shares: 901,382,115
Market Cap: 164,826,733,549
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 26.86
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-8.89% -10.67% 22.77%
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

That Was Fast! Real Money Pro($)

I had a relatively large net-long position in the market at Friday's close, but have now gone back to slightly net short.
'Smart money' bought while the public sold in 2015.
There is a time cycle that I've identified in TSLA.
As January goes ... poppycock! Although January provided rough seas for market participants, it's not necessarily a verifiable indicator for the full year. Historically, a weak January does lead to a crappy year for the market about half of the time. But the other half of the time, it doesn't. For example, the S&P 500 was weak in January 2002 and wound up losing around 22% that year, but was also weak in January 2003 and finished the year at around +28%. And while SPX had a bad start in 2008 and lost some 36% that year, it also had a bad January in 2009 but gained around 26% by Dec. 31. Still, the S&P 500 did fall more than 10% by the time time it hit its Jan. 20 intraday low -- the second time in six months that stocks fell by 10% of more. Two 10% corrections within a half-year have only happened three times previously in the past century -- in 1929, 2000 and 2008. Unfortunately, those data points all foretold of bad market years. This fits with other signs of technical erosion that preceded our weak January this year. The Jan. 20 "noon swoon" looks like a classic capitulation low to me. There was panic in the air, and the ensuing rally back upward included two "90% up days" that culminated in Friday's wild up day (which, as previously noted, benefited importantly from a large pension balancing at day's end). Thus far, the market's recent rally looks like it's simply a rebound from a deep-oversold condition. On the plus side, the 10-day put/call ratio has dropped sharply and oil prices seem to be showing some improvement. But at the same time, overall sentiment remains depressed -- a negative offset. The market's overall action is mixed and uncertain, but pointing to a U.S. recession. We've seen relative strength in recession-friendly utilities and consumer staples. Similarly, high-dividend payers like Verizon (VZ) and AT&T (T) look to have some of the most solid charts around, breaking out to the upside of their trading ranges. Perhaps this represents a broader retreat/liquidation from the woeful oil MLPs. As Jim "El Capitan" Cramer pointed out this morning in Your Playbook for the Decline and Fall of the U.S. Economy, utilities' convincing strength is a clear recession warning. Financials (which I admire) are providing a mixed signal. They've begun to rally -- but frankly, the technical picture isn't too "sporty" and the primary trend is still neutral/negative. And remember, financials tend to lead markets. Previous market leaders are faltering, which is traditionally a sign that a bear market is upon us. This is serious to me. Biotech, which had been a market leader for four years, was failing even as the broad market rose last week. Similarly, once-hot Apple (AAPL) is trailing the overall market both relatively and absolutely. Long-popular FANG stocks Netflix (NFLX) and Amazon (AMZN) are also underperforming. The Intermediate Term The principal reason for my intermediate-term concerns about the market is debt -- specifically, the huge debt load taken on by governments around the world. Debt is always the death knell of bull markets. It's the killer ingredient that turns a bullish period into a bearish one. Consider: Debt financed the 1990s dot-com boom. Debt fueled the 2000s housing boom. The recent bull market from the market's 2009 "Generational Bottom" was served up by sovereign and government debt. On that last point, also consider that America -- the country with the world's best sovereign-credit rating --  saw its ratio of debt to gross domestic product rise to 103% as of 2015 from 64% in 2008. That's the swiftest increase in history. In the last secular bull market (1982-1996), the U.S. debt-to-GDP ratio only grew to 64% from 30% over the entire 14-year period. It's also worth noting that America isn't alone in creating excess debt this time around. Heavy debt and the headwind it poses to achieving historic growth rates are common conditions globally right now. With fiscal-policy iner
There is a time cycle that I've identified in TSLA.
The 1,850 S&P 500 gap from last Wednesday's opening. The 1,910 S&P 500 resistance level, which the market has probed three times in recent days.
Stocks are looking better, but I'm still skeptical.
A day full of sound and fury but perhaps signifying nothing. As I expected, the Fed acknowledged tightening financial conditions in the credit markets. Spreads have widened and the cost of debt and capital has risen. Here's my Fed analysis  and my strategy.  I viewed the strength in oil, in bank stocks and in credit (high yield) as providing hope and encouragement to me. I remain upbeat. I view the selloff today as an opportunity; I added to Hartford Financial Services Group (HIG), Comerica (CMA), Citigroup (C), Bank of America (BAC) and others. I had a damn love fest with RevShark today! Not surprisingly, stocks sold off and RevShark's correction prediction came to be. Here is what I wrote to Rev in Columnist Conversation: "I believe the obvious and consensus trade is to sell as the markets have ripped from Wednesday's lows -- of course there is a lot of space between then and now. But I am making what I believe to be the less obvious and contrary trade -- and I am buying. I believe markets will be relieved and that many are "offsides" for a further market advance. The beauty here is that you and I employ a level of transparently in our real-time trades, exercising our beliefs and show our analysis that yields our conclusions. Either outcome, I like -- and I hope is helpful to our subs." Where was the Divine Ms. M today when I needed her? On the other hand, I don't even know how to respond to Roger Arnold's over-the-top column on a "failing" Bank of America!!!!?!?!?!   But I shall remain respectful. From Columnist Conversations: "I intended to respond to your BAC column but it's been a hectic day and I didn't get the chance. I am diametrically opposed to your view, conclusion and analysis. The only way to deal with your speculative claims is to respond with facts. In the fullness of time I will show you my spreadsheets, which show that the bank's balance sheet is significantly improved and that it is growing its loan portfolio. The key to a bank's future growth is its capital and deposits, and Bank of America has plenty of both." Futures are up after the close. Up five handles -- Facebook (FB) effect? Futures recovered nearly half of the 30-point drop as of 4:40 p.m. ET. They bent but didn't break. SPDR S&P 500 ETF (SPY) closed down $2.07 -- it was down $3.10 at the worse level of the day. Technically, it looks like we had the third repudiation of SPY $191 and we have the support at the Wednesday gap at $185. But, so obvious! The U.S. dollar weakened. Gold was up another $4.40, continuing its multiday skein higher. Crude oil rose by 60 cents. The correlation between stocks and energy prices was abandoned today. In agricultural commodities, wheat was schmeissed (down eight cents) and corn was flat. Lumber was strong. Bonds reversed slightly to the upside after early morning weakness. Yields were flat to down two basis points across the maturities range. Municipals were well-bid and high yield was slightly lower in price and higher in yield. I am all in Blackstone/GSO Strategic Credit Fund (BGB) and the three-day winning streak stayed intact. I finally like the developing price action. Apple (AAPL) was a feature and I contributed my two bits!  Banks, though well off their highs, were up on the day in a broadly lower tape. Life insurance stocks continued their steady descent; we have nearly 25% gains on MetLife (MET) and Lincoln National (LNC) shorts now. Staples were strong, absolutely and relatively, with gains in Procter & Gamble (PG), 3M (MMM) and Kimberly-Clark (KMB). Oils were mixed despite stronger crude prices. Media continued to get crushed; my gains are building up in my short book in this sector, where I'm short Comcast (CMCSA) and Disney (DIS). Old tech was crippled today, led by Microsoft (MSFT) and Buffett fav IBM (IBM). Another new low for iShares China Large-Cap (FXI). A short and on the Best Ideas List.  Autos were stable. Ford (F) was down and General Motors (GM) was up.  I am sticking to these shorts, but trimmed considerably last week. (T)FANG was broadly lower, ex Facebook (see below). I have been warning about this acronym for two months and its underperformance is conspicuous."The Day of Reckoning Near for the (T)FANGs?" from two weeks ago. Amazon (AMZN) was down $18 ("A Long List of Reasons to Short Amazon") and Netflix (NFLX) is really breaking down. I recently wrote up both and shorted -- NFLX is on my Best Ideas List (10/12/2015 at $113).  NOSH was not tasty, with Nike (NKE) and Starbucks (SBUX) weighing it down. CRABBY was not so; it was up across the board, though timidly so. Miracle of miracles!  Potash (POT), Radian Group (RDN) and Twitter (TWTR) showed some life after death today. All higher, but modestly so. eBay (EBAY) missed and guided lower after the close. Shares down by 11%. Mo mo oh no! Biotech was a wreck, with broad losses in the primary and secondary names. iShares Nasdaq Biotechnology (IBB) was down by almost 4%, led by rollup Valeant Pharmaceuticals (VRX) going down and by Mallinckrodt (MNK). The same sellers in IBB are likely selling (T)FANG. Facebook's results were the "world's fair." Nothing NOT to dislike!
'Things aren't that great and we are going to do nothing.'

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I've covered my shorts of the iShares MSCI France ETF (EWQ), iShares MSCI Germany ETF (EWG) and iShares MSCI United Kingdom ETF (EWU) for some nice gains.

Columnist Conversations

All; I've received a few questions about the subject of my column for this weekend about the implications of a...
Judge Smails embarrassed me into writing it!
Some pretty obvious selling in the FATMAN names vs the Nasdaq futures post regular session open. FATM...
You can see the time/price support on the daily chart of SPX below. It also shows you the next major decision ...

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