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DIA
SPDR Dow Jones Industrial Average ETF

5/22/2012, 12:44 PM ET
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DIA Market Currents more »
  • 10:55 AM A nice bookend to Goldman's bell-ringing March 21 buy stocks/sell bonds call, David Kostin and crew are today out with a bearish note warning about poor near-term prospects for stocks. The S&P vs. Treasurys in the period before and after the March 21 boner.
  • 7:29 AM As of last Friday, Jeff Saut's key technical indicators were in historic negative territory. In past cases, he says, major market averages were higher a month later 92% of the time. "You can have cheap equity prices, or you can have good news, but you can't have both," says Joe Rosenberg. We currently have "bad news" and "cheap prices." Take advantage.
  • Monday 8:24 AM The DJIA completed its 3rd consecutive week of losses last week - something that's only happened 9 other times in the history of the index, says Jason Goepfert. The subsequent performance in those other instances "wasn't particularly consistent or inspiring."
  • Friday 8:09 AM Some perspective on the move out of risk and into fear: The VIX is up 47.5% since May 1 and the put/call option ratio and put option volume are at their highest since the August 2011 panic. Of 13 trading days in May, the S&P has been down on 10. A tradeable bottom? Maybe, but the VIX is nowhere near its 2011 high. (see also)
  • Thursday 5:58 PM A contrarian buy indicator? The AAII's latest investor sentiment survey shows bullish sentiment falling to a mere 23.6% (down 180 bps) for the week ending 5/16. Bearish sentiment is nearly twice that at 46% (up 390 bps), and Neutral sentiment is at 30.4% (down 210 bps). (previous) [U.S. Economy]
  • Thursday 3:42 PM A contrarian signal if you ask Bill Lubby, over 1M put contracts have already been traded on the S&P today - nearly 2.5X the average and following 913K yesterday. Over the past couple of years the "rare instances" when put volume reached 1M typically coincided with bottoms in stocks.
  • Thursday 9:45 AM Yesterday's drop in stocks and gain in bonds put the S&P 500 dividend yield 50 basis points higher than the 10-year Treasury yield. There were just 3 days in 2011 when the spread was greater than that - all would have been pretty good times to buy shares and go the beach for a few months. (h/t Bryan Mortenson) [Quick Ideas]
ETF Stats
  • Expense Ratio: 0.18%
  • Average Bid Ask Ratio: 0.01%
  • Tracking Error: 0.08%
  • Concentration Risk: 15.68%
  • Capital Gains Dist. %: 0.00%
  • Number of Securities: 30
  • Dividend Amount: $0.33152
  • Dividend Date: 02/17/2012
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DIA Instablog posts more »
  • Dumb Money Sold In May And Went Away
    Tue, May 22 Gary Tanashian Comment!
  • An Oversold Rally Towards This Week’s Risky Levels!
    Tue, May 22 Richard Suttmeier Comment!
  • AAPL Leaps 5% As Stocks Rebound From Tremendous Selling Pressure
    Mon, May 21 Joshua Hayes Comment!
  • Is The Nasdaq, Dow Jones, And S&P 500 Technically "Oversold" Now? ($COMPX, $DJIA, $SPX)
    Mon, May 21 Morpheus Trading Group Comment!
  • Shorting Or Longing The Current 9 Percent Market Correction?
    Mon, May 21 Kevin Wilbur Comment!
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DIA Description
Dow Diamonds seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the Dow Jones Industrial AverageSM.
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Country: United States