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SPDR S&P 500 ETF Trust (SPY)

NYSEArca - Nasdaq Real Time Price. Currency in USD
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389.63+0.17 (+0.04%)
At close: 04:00PM EDT
390.56 +0.93 (+0.24%)
After hours: 07:59PM EDT
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  • A
    Anonymous
    My assessment... where SP 500 bottoms at
    25 percent probability 3600
    25 percent probability 3300
    25 percent probability 3000
    25 percent probability 2700

    Bottom will likely reach in August..
    if it is 2700 then likely in September.
    I am mostly cash. I will start buying at 3300. No big advantage of buying at 3600 as upside will be very limited and you will get plenty of time to think at 3600.
    Bearish
  • D
    David
    What's the difference between a ponzi scheme and momentum trading? Serious question.
  • M
    Matt
    I know I said I was just going to spectate today, but I bought June 1, 380 puts at the close. It was options expiration date and market makers had to buy up a ton of stock to rebalance their position. There were too many puts to calls. The bearish sentiment is still there. That was unfortunately not the bottom in my opinion.
  • T
    The Real Jim
    'Structural change in the dynamics of the oil patch'......Oh yah......Limiting the production of Oil by cancelling pipelines and offshore leases........LOL.
    Bearish
  • s
    silversplode
    I find it interesting that the gainers today seem to be "risk on" names. Same ones that get pounded the hardest when the selling resumes.
  • N
    ND_OIL_Rich
    SPY needs to hold above 3,850!! All eyes on ACRX: Tuesday, May 24th, 2022 (Wall Street, investment community update) NOTE **COVID** AcelRx KOL Event on Niyad™ and the Nafamostat Program

    https://www.acelrx.com/static-files/595cc65a-49e5-4ed2-ad8f-880d75e8951b

    Interesting Slide 36
    (we know COVID is never going away):
    Combination Therapy will be the Future of COVID
    Treatment
    • Nafamostat inhibits viral entry into cells while other agents, such as inhibitors of
    viral RNA polymerase, inhibit replication

    Recent Phase 2 study demonstrated sickest COVID patients had higher recovery rate
    with nafamostat + SOC (61%) compared to SOC alone (11%)
    Bullish
  • M
    Markymark L.V.
    Bottom is not in . This may drag out to the end of June . I wouldn’t celebrate today as being a bottom. 3450 is the minimum target, could go lower. There’s nothing out there that would make the market turn on a dime and head north. We are witnessing an orderly decline. Not over yet
  • M
    Markymark L.V.
    The SPX is between its 50 and 200 week moving average but 100 points closer to the 200 week moving average. Kinda seems like it may become a magnet 🧲. I think the only thing that will get this market rocking again is the Fed stopping rate hikes and inflation getting under control which it may be on that path but not there yet.
  • M
    Markymark L.V.
    I know that my analysis is unpopular and hated by some but here it is anyway

    1. I plotted from 3 separate prior swings and all 3 landed on today as a pivot. Overlapping fib time ratios further confirm this was a pivotal day

    2. The 2 hr momentum is on its tenth bar. The momentum only got as high as 45 where a typical high is around 90. Very weak momentum that is about to roll over

    3. The 4 hr momentum turned downward today

    There’s a 99.9% chance that we close red tomorrow and quite possibly wipe out today’s gains and then some
  • A
    ALWAYSWRONG
    whatamarket Walmart misses by a mile ( which shows the real economy ) and the market rallies.
  • M
    Markymark L.V.
    So as some of know, I trade off of projected pivot days. Today was one of them and I had called this day many times last week and yesterday as well. Anyhow, so far it has yet to fail me. The spx should reverse direction tomorrow and I’m thinking sub-4000. That’s all. See you tomorrow
  • T
    Trader x
    SPY gap-up 410 in pre market. TWTR is up green and short squeeze will come. Musk will buy . MSFT, FB will pop. MSFT is gapping after hours. Toorrow expect a huge mega GAP=UP buy now shares....
  • l
    linda
    Best news from China that is lifting the market worldwide

    Shanghai Mayor announce Shanghai will completely open up on 1st of June. This could not only be good news for all Chinese stocks, companies with factories in China but also America as cheap goods will once again flow to America hence bringing down the inflation. $tsla $nio $pdd $jd $baba $xpev $li $BIDU
  • M
    Matt
    I can't help but admire the optimism of some people. Somewhere, somehow, someone is finding the silver lining and buying right now.
  • J
    Jalal
    not to worry everyone, I'm going to buy a SPY put tomorrow and then the market will magically go up 5000% in a week!
  • M
    MNfishing
    Eyes on ACRX: Tues, May 24th, 2022. CONGRATS to ACRX on this (should be front page Wall St. Journal):
    Thu, May 19, 2022: "...established a track record of compliance and safety with DSUVIA, including lack of accidental exposure," said Pamela Palmer, MD, PhD, Co-Founder and Chief Medical Officer of AcelRx. "We believe that it is this history of stewardship and responsibility, which is included in our latest three-year assessment REMS report as submitted to the FDA, that has resulted in the lowering of both the number and frequency of required site audits," continued Dr. Palmer."
    Bullish
  • T
    The Real Jim
    Supply chains and production problems caused inflation....not the tens of trillions in money supply from March of 2020....LOL.
    Bearish
  • T
    The Real Jim
    Nope.....'Inflation' is inseparably linked to trillions and trillions in money supply from March of 2020....LOL.
    Bearish
  • R
    Rocco
    China in Talks With Russia to Buy Oil for Strategic Reserves

    Bloomverg
    ByAnna Kitanaka
    May 19, 2022, 3:03 AM PDT Updated onMay 20, 2022, 1:52 AM PDT

    China is seeking to replenish its strategic crude stockpiles with cheap Russian oil, a sign Beijing is strengthening its energy ties with Moscow just as Europe works toward banning imports due to the war in Ukraine.

    Beijing is in discussions with Moscow to buy additional supplies, according to people with knowledge of the plan who asked not to be named as the matter is private. Crude would be used to fill China’s strategic petroleum reserves, and talks are being conducted at a government level with little direct involvement from oil companies, said one person.

    Oil has rallied this year following Russia’s invasion of its smaller neighbor, but the price of its own crude has tumbled as buyers step away to avoid damaging their reputation or being swept up in financial sanctions. That’s provided an opportunity for China to cheaply replenish its vast strategic reserves, which are typically tapped during times of emergencies or sudden disruptions.

    “China and Russia always engage in normal economic cooperation and trade on the basis of mutual respect, equity and mutual benefit,” Chinese Foreign Ministry spokesman Wang Wenbin said at a regular press briefing on Friday. “I want to stress that unilateral sanctions are not conducive to resolving issues, but constitute defiance of the existing economic system and rules.”

    In order to deal with skyrocketing oil and gas prices, China has organized various ways to import the fuels, the National Development and Reform Commission said in statement on Thursday. The foreign ministry for Russia didn’t immediately respond to a request for comment.

    Details on volumes or terms of a potential deal haven’t been decided yet, and there’s no guarantee an agreement will be concluded, said one person.

    The US and UK have pledged to ban Russian oil imports and the European Union is discussing similar steps, but crude from the OPEC+ producer is still flowing to willing buyers including India and China. For the Asian nations, the heavily discounted oil is an opportunity too good to pass up, part of the reason why China has continued to take cargoes originating from Iran and Venezuela.

    Refiners in China have been quietly buying Russian crude since the invasion, even as a Covid-19 resurgence dents consumption in the world’s biggest crude importer. Apparent oil demand last month slumped 6.7% year-on-year as strict lockdowns confined millions to their homes. The outbreak has capped further gains in oil prices, although Brent is still up more than 40% this year.

    China doesn’t publicly disclose the size of its crude inventories, but a number of companies use tools such as satellites to estimate supplies. Some forecast the nation has the capacity to store more than 1 billion barrels of combined commercial and strategic stockpiles. Third-party estimates also indicate supplies have swelled recently due to the Covid-19 outbreak.

    “There is still room to replenish stocks and it would be a good opportunity for them to do so, if they can be sourced on commercially attractive terms,” said Jane Xie, a senior oil analyst at data and analytics firm Kpler.

    Tapping Reserves
    Kpler estimates overall stockpiles are at 926.1 million barrels, up from 869 million barrels in mid-March -- but still 6% lower than a record in September 2020. By comparison, the US Strategic Petroleum Reserve has a capacity of 714 million barrels. It currently holds about 538 million barrels.

    China sold crude from its strategic reserves last year in a historic move to try and tame oil prices, which had soared as major economies rebounded from the pandemic. The action had little lasting impact, only depleting stockpiles and raising the prospect that China would need to restock at higher prices.

    Not long after the sales, the US named China along with other major Asian oil consumers including India and Japan as participants in a coordinated release of strategic reserves. It’s unclear whether China tapped its emergency stockpiles as part of this US-led initiative.

    — With assistance by Philip Glamann, and Colum Murphy

    (Updates with China foreign ministry comment in fourth paragraph)
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