|Bid||55.29 x 800|
|Ask||55.64 x 800|
|Day's Range||54.84 - 55.08|
|52 Week Range||36.47 - 59.33|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||2.00|
|Expense Ratio (net)||0.64%|
Investor fears of an inverted yield curve have been sending the markets on a volatile ride the past week, but on Friday, those fears eased as the Dow Jones Industrial Average proceeded to gain over 100 points in the early trading session. Fears of a global economic slowdown was compounded by market noise of an inverted yield curve blaring from the bond community. The inversion came after the central bank decided to keep interest rates unchanged last week.
Trading E-mini S&P 500 futures represents a $200 billion market, and some traders are noticing a lack of liquidity, which could put the stock market in a fragile state should a sharp downturn take place. It's something that traders who play in this nuanced market have been picking up on since last year's fourth-quarter volatility that racked the markets and led to massive sell-offs culminating on Christmas Eve. Futures activity tracking the S&P 500 index is typically impacted prior to hitting the stock market.
The primary purpose a trader will want to use leveraged ETFs is to amplify his or her returns. Leveraged ETFs will typically carry two or three times the returns of the index, depending on the product. ...
The S&P 500 has rallied 19% from the December low, and is now 5% away from its all-time high. Investors can tap this opportunity by going long on the index with the help of ETFs.
U.S. equities are off to a stellar beginning to 2019 and the volatility that reared its ugly head near the end of 2018 has been missing. It's certainly something investors want to mute since the Dow Jones Industrial Average is up almost 11 percent while the S&P 500 is 10.89 percent higher and the Nasdaq Composite is up 12.83 percent year-to-date. Just recently, the S&P 500 reached a key bullish technical level, moving past its 200-day moving average for the first time since December 3.
Last week, the S&P 500 reached a key bullish technical level, moving past its 200-day moving average for the first time since December 3. The S&P 500 was down 6.2 percent to end 2018, but it has since recovered after U.S. equities were roiled by volatility to close the year. To some technical analysts, breaking through that 200-day moving average paves the way for bigger gains ahead.
Just like an individual stock, an exchange-traded fund (ETF) can be bought and sold freely via an exchange. This dynamic ability gives traders the option to make quick intraday trades to seek a profit. ...
According to the Congressional Budget Office, the 35-day federal government shutdown cost the economy $11 billion as a mix of lost output from federal workers, delayed government spending and reduced demand. The CBO estimated that an additional $8 billion, or 0.2 percent was lost during the first quarter of 2019. "Among those who experienced the largest and most direct negative effects are federal workers who faced delayed compensation and private-sector entities that lost business," the report said.
U.S. President Donald Trump announced Friday that a deal was reached with congressional leaders to reopen the government temporarily, ending a shutdown that was in its 35th day. At a White House press conference, Trump said he hopes to sign the latest measure that includes restarting government operations through Feb. 15. Trump previously pledged not to sign spending legislation unless it included a $5.7 billion proposal for a border wall.
As the S&P 500 fell 1.58 percent, SPXS fed off the declines with a 4.81 percent gain on Thursday. The markets were set adrift in a sea of red following Wednesday's announcement by the Federal Reserve that it will raise interest rates by another 25 basis points. Federal Reserve Chair Jerome Powell sent dovish signals with the prospect of only two rate hikes rather than three, but the capital markets apparently didn't see enough doves.
S&P 500 bear traders are feeling optimistic about the pessimism retail investors are exhibiting, which makes a prime play for the Direxion Daily S&P 500 Bear 3X ETF (SPXS) . According to a survey by the American Association of Individual Investors, close to half feel the S&P 500 will be in negative territory in six months. The 48.9 percent who see the S&P 500 in the red in six months' time registers the highest reading since April 2013.
Trade war fears seeped back into the markets as investor optimism surrounding the tariff war ceasefire between U.S. President Donald Trump and Chinese president Xi Jinping faded, causing the S&P 500 to dip below its 200-day moving average while the "death cross," a technical chart pattern term that could signal a major sell-off, looms. The Dow Jones Industrial Average fell over 700 points on Tuesday while the S&P 500 followed its lead, declining over 2%. As the S&P 500 crossed below its 200-day moving average, the 50-day moving average was in its sight, signaling a possible "death cross"--when a short-term moving average falls below the long-term moving average--a forecast that more pain could be ahead for U.S. equities.
Next week is shortened trading week due to the arrival of the Thanksgiving holiday on Thursday, Nov. 22. The Direxion Daily S&P500 Bull 3X ETF (SPXL) and the Direxion Daily S&P 500 Bull 2X ETF (SPUU) could play roles in playing those opportunities. SPXL attempts to deliver triple the daily returns of the S&P 500 while SPUU looks to deliver double the daily returns of that index.
With the U.S. capital markets moving in anticipation of the 2018 midterm elections on November 6, a post-election rally could be imminent given recent historical data, which could benefit the Direxion Daily S&P500 Bull 3X ETF (SPXL) and the Direxion Daily S&P 500 Bull 2X ETF (SPUU) . Things weren’t much better for the S&P 500, which followed the Nasdaq into correction territory and fell by 7% in October–its worst month since September 2011. The Dow Jones Industrial Average fell 1,300 points or 5%, which hasn’t happened since January 2016. Investors were rocked by copious amounts of volatility after a decade-long bull run that has seen the growth fueled by FANG (Facebook, Amazon Netflix, Google) stocks dwindle as the technology sector fell into correction territory.