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Naked Hedge Fund
Nov 24
Comment
As a play off of Japan's "Lost Decade" I wanted to show a decade long chart of the SPY (S&P500) to put things in perspective. The point being if you are typical investor out there you have invested for the past 10 years and are still at a loss. ...
market folly
Nov 23
Comment
As always, Kevin has been doing some great technical analysis on his blog and recently he's noticed a pattern in the S&P 500 (SPY). As you can see from the chart below, the market seems to sell off towards the end of the month and rally at the...
Hedge Accordingly
Nov 22
Comment
YES! I have found the holy grail of trading, the magic 8 ball! Well, no not exactly. Though
a few indicators I use are as close as you can get to a crystal ball. No one indicator should ever be solely relied on, sampling from a core group of...
Condor Options
Nov 12
Comment
Felix Salmon is skeptical about the ability of average investors to protect themselves from major economic risks:
[T]here really isn’t an easy or obvious way for an investor to be highly risk-averse in this market, not when one of the biggest...
Hedge Accordingly
Nov 11
Comment
The
pragmatic capitalist had a great post on the mystery buyer in the futures markets as of late
(via zerohedge). I too noticed the the odd occurrence which seems to show itself on very low volume quite days. You know at im talking about, the...
Naked Hedge Fund
Nov 11
Comment
The uptrend has been our friend lately as we have ridden the daily stochastic up from the pullback. Todays breakout could lead to more highs in this stairstep pattern, but there is some long term resistance ahead to consider. Below is a long...
Fund my Mutual Fund
Nov 10
Comment
As we sold our SPY call options off in parcels yesterday I was using a mental stop loss that i was moving up as the S&P 500 raced higher. By the end of the day I said I'd sell out around S&P 1085 to protect large gains generated by buying in the...
Fund my Mutual Fund
Nov 9
Comment
This morning we took off half of our SPY ETF Call position around S&P 500 level 1080. I am now selling another quarter at level 1090. Again this is a 1 day rental of our cash, so the risk reward of this trade was magnificent.
I will sell the...
Fund my Mutual Fund
Nov 9
Comment
Friday morning as we said
Again, I am not really being facetious when I say "bad things" could actually be good news for the speculators of the US of A. More money printing, more stimulus, more handouts, more programs, more anything and...
Fund my Mutual Fund
Nov 6
Comment
Since we broke back north of the 20 day moving average yesterday on the S&P 500 I reluctantly must stash the bear costume and temporarily change course; I used this morning's selloff to cut one of my 2 hedges (I was short the TNA ETF) for about a...
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more ▼WIKI ANALYSIS
WIKI ANALYSISTOP CONTRIBUTORS
SPY AT A GLANCE
The SPDR Trust Series I (NYSE: SPY) is an exchange traded fund (ETF) that tracks the performance of the S&P 500 index. The fund is managed by the State Street Global Advisors and is traded on the New York Stock Exchange. Shares in the fund can be bought through any licensed Series 6 stock broker.
Each unit (share) of the fund is priced to reflect 1/10 of the value of the S&P 500 index. The shares trade continuously on the market. They pay the aggregate dividend of the companies in the S&P 500 index.
The acronym SPDR stands for Standard and Poor's Depository Receipt.
S&P 500 Index
The Standard and Poors 500 Index is considered representative of the overall U.S. stock market. It consists of 500 companies in 26 sectors to cover the bulk of American business. The value of each company in the index is proportional to its relative market capitalization.
Investment value of SPY shares
- SPY can be used as a low-cost passive investment for those who want to track the overall market and believe active management rarely beats the indexes. Expenses of 0.10% make SPDRs cost efficient.
- Institutional and individual investors and traders can use SPY to speculate on the direction of the overall market. SPY shares can be bought on margin and sold short.
- SPY has options traded at 1 point increments. SPY options have large open interest and narrow spreads for most strike prices.
References
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