The SPDR S&P 500 closed 1.3% higher on Friday, where the ETF wicked off resistance at $420.76, forming a possible triple top pattern when paired with similar price action on May 19. Whether the market will continue in its current uptrend or reverse course, remains to be seen. The current trend suggests the SPY is likely to trade higher. Want direct analysis?
The SPDR S&P 500 gapped up about 0.7% higher on Wednesday, confirming a new daily uptrend after headline consumer price index data came in under economist estimates.
The SPDR S&P 500 gapped down to open Monday's trading session, when the market ETF ran into a group of buyers who caused the SPY to climb from its low-of-day to erase its earlier loss. Whether or not the market will continue in its current uptrend or reverse course, remains to be seen.
The SPDR S&P 500 gapped up 0.88% higher on Monday when the market ETF ran into a group of sellers who caused the SPY to fall from its high-of-day to trade up about 0.5%. Whether or not the market will continue in its current downtrend or reverse course, remains to be seen. Costco, Target and Macy's are all set to print their financial results this week. Want direct analysis?
Direxion Daily S&P 500 Bull 3X was popping up almost 2% higher on Tuesday after a bearish day on Monday saw the ETF close down 3.96%. The ETF recently broke up from a cup-and-handle pattern, which Benzinga called out was likely to happen on Jan. 16. SPXL is a triple-leveraged fund that offers 300% daily leverage to bullish movements across the S&P 500 index.
The SPDR S&P 500 closed 0.39% higher on Friday, recapturing the 200-day simple moving average after struggling at the level intraday. Whether or not the market is about to experience another bull rally and negate the bear market, or whether Friday's price action is just another bull trap, remains to be seen.
Sometimes a metric can portend to a contrarian view as opposed to confirming a trend. That’s the case with the IG Client Sentiment (IGCS), which could suggest that retail traders are ready to continue increasing bullish bets on the S&P 500.
Federal Reserve interest rate policy and recession fears will continue to remain key risks for volatility, but other unforeseen events like the recent banking crises could keep investors on edge. As such, lingering volatility could spell opportunities in leveraged exchange traded funds (ETFs), particularly those that focus on the S&P 500.
Bank collapses and interest rates are more than enough to inject a dose of volatility into the stock market, particularly the S&P 500. Within the past month, the CBOE Volatility Index (VIX) is up almost 10%, paving the way for leveraged/inverse exchange traded funds (ETFs) that focus on the S&P 500.
Despite inflation and rising interest rate fears creeping back into the capital markets, the S&P 500 is still up 5% year-to-date. Another catalyst for S&P 500 bulls is relatively stable earnings despite the challenging macroeconomic environment.
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Commentary
Thanks to Retail Traders Bullish S&P 500 Bets on Rise
ETF Database - 05/22/2023Sometimes a metric can portend to a contrarian view as opposed to confirming a trend. That’s the case with the IG Client Sentiment (IGCS), which could suggest that retail traders are ready to continue increasing bullish bets on the S&P 500.
Lingering Volatility Might Keep These ETFs in Play
ETF Database - 05/12/2023Federal Reserve interest rate policy and recession fears will continue to remain key risks for volatility, but other unforeseen events like the recent banking crises could keep investors on edge. As such, lingering volatility could spell opportunities in leveraged exchange traded funds (ETFs), particularly those that focus on the S&P 500.
With These 2 ETFs, Play the S&P 500 Volatility
ETF Database - 03/31/2023Bank collapses and interest rates are more than enough to inject a dose of volatility into the stock market, particularly the S&P 500. Within the past month, the CBOE Volatility Index (VIX) is up almost 10%, paving the way for leveraged/inverse exchange traded funds (ETFs) that focus on the S&P 500.
Stable Earnings Expectations Should Keep Bulls Appeased
ETF Database - 03/13/2023Despite inflation and rising interest rate fears creeping back into the capital markets, the S&P 500 is still up 5% year-to-date. Another catalyst for S&P 500 bulls is relatively stable earnings despite the challenging macroeconomic environment.