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Re: SPY; $NHB



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SPY probably lags the real time action by a little bit-- but not enough to
make a difference in trading SPYders.  One of its main advantages is that it
provides an intra-day volume component which Futures does not.
    
NHB is available from the BMI feed, but doesn't provide any worthwhile
directional component advantage over the SPX
____________________________________
At 03:17 PM 12/4/98 -0500, you wrote:
>I've been told the SPY (also called "spyders") somewhat forward tracks the
SP (SPZ8 I trade).  Any
>comments, suggestions, etc.?
>
>I also been told that bond traders track the $NHB (NYSE Beta Index -
whatever that is).  Again, any
>comments, suggestions, etc.?
>
>Thanks in advance!
>
>