dumb noob question: difference between SPY and ES prices?

I

IronFist

The low this morning on the ES was 998. I assumed that would correlate to $99.8 on the SPY but the low on the SPY this morning according to yahoo finance was $100.26.

I thought they tracked each other more or less exactly?
 
Quote from Lucrum:

:confused:

You get your quotes/data from yahoo?
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I don't daytrade stocks, so yes.

Are you saying that data is wrong? stockcharts.com has the same numbers.
 
Quote from IronFist:

I don't daytrade stocks, so yes.

Are you saying that data is wrong? stockcharts.com has the same numbers.
More...

I guess the question he was trying to get to is: If you are trading, you must have a broker, that broker should be able to provide quotes either via web or via some platform. So why would you use Yahoo for quotes?
 
Quote from IronFist:

I don't daytrade stocks, so yes.

Are you saying that data is wrong? stockcharts.com has the same numbers.
More...

100.26 and 998 are what I show for RTH LOD's.
 
Quote from IronFist:

The low this morning on the ES was 998. I assumed that would correlate to $99.8 on the SPY but the low on the SPY this morning according to yahoo finance was $100.26.

I thought they tracked each other more or less exactly?
More...

100.26 is the correct low for the spys
 
Quote from Maverickz:

I guess the question he was trying to get to is: If you are trading, you must have a broker, that broker should be able to provide quotes either via web or via some platform. So why would you use Yahoo for quotes?
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Well i guess since everone is curious...

scottrade is my broker for stocks. when i need a quick quote or to check LOD or something, i pull up yahoo finance because its faster than logging into scottrade, and then trying to find a quote in there.

now, back to my question: why arent SPY and ES more synced up?
 
Quote from IronFist:
The......ES.....would correlate to.....the SPY. I thought they tracked each other more or less exactly?
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They do. You also have to take into account the "cost of carry" of one instrument with respect to the other. Futures are "cheaper" because of the extremely low short-term interest rates compared to the dividend rate of the stocks in the portfolio. :cool:
 
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