The SPDR S&P 500 trust (SPY) is an exchange-traded fund which trades on the NYSE Arca under the symbol (NYSE Arca: SPY). SPDR is an acronym for the Standard & Poor's Depositary Receipts, the former name of the ETF. It is designed to track the S&P 500 stock market index. For a long time, this fund was the largest ETF in the world. SPDR is a trademark of Standard and Poor's Financial Services LLC, a subsidiary of McGraw-Hill Companies, Inc. The ETF's CUSIP is 78462F103. The fund and has a Net Expense Ratio of 0.0945%. The value of one share of the ETF is worth approximately 1/10 of the cash S&P 500's current level. On April 9, 2013 the average daily volume was 117 million shares, the highest volume in any ETF. The sponsor is PDR Services LLC, a wholly owned subsidiary of American Stock Exchange LLC. Dividends are distributed quarterly, and are based on the accumulated stock dividends held in trust, less any expenses of the trust.
Back to 210 before next leg higher? We totally called this, the market will climb on bad earnings and go higher regardless. Come Aug-Sept we probably top off and sell into Oct. There! I made the call!
still holding these puts - looking to take profit at 1.54. Hopefully weekend sell off will get me there and I'll sell 5 and let the other 5 ride on the house's money
I have to post this here. I wrote this I believe write after the Election when the BEARS threw and INT rerturned for a TD on Trump Winning. It was Game Over at that Point. https://thebigbreakout.wordpress.com/2016/11/14/trump-was-the-bears-last-chance-spy-iwm-dji/ The SPY and IWM are not giving ANYONE a chance to Buy straight velocity right now. I personally believe a New Bull Market was Born out of the 2.5 year long Sideways Bear Market
At $208, many calling for a correction. Now, at $226, it would take a correction just to get back to $208.
At this point this needs to happen. We need to correct. This is starting to get overvalued in my opinion.
Trump is a walking wrecking ball with his policies. China trade war fear will be used to sink markets! Market out of gas.
If we compare the market to a marriage, right now is when she's talking with divorce lawyers behind your back. $SPY$IWM$QQQ
Bears have the most amazing excuses when they are wrong. The Market will go down one day but why are you fighting this? Ego? That is silly
Stable and healthy at the moment. Can't short knowing Oil had a strong bounce, and will bounce quick if they decide to dip Oil. Scary
Damage is done. Dollar did the earnings damage. The Yen Carry Trade is over. It's unwinding big time. Stocks are done and coming down. IMO
