I want return OF my money more than return ON my money
Traders-Talk User
9,529 posts
Posted 16 March 2007 - 10:22 AM
It could be the dividend -or- just the market price depending on
demand-supply. SPX is computed based on exact value of each
stock price in the index. SPY trades like a stock and could be at
premium or discount based on demand/supply for the stock SPY
at the moment.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
SPY ex-div 3/16/07, record 3/20/07, payable 4/30/07
It looks like MDY also went ex-div but I don't have the data.
Anyone using fib retracements should mind to use the index and not the etf under these conditions...