New highs broaden: 31 S&P names at 52-week highs

The S&P 500 closed at 7,394. Under the surface, 61% of index members are above their 200-day moving average and 57% are above their 50-day. SPY itself holds 7.9% above its own 200-day, keeping the long-term trend gate on. New 52-week highs outnumber new lows 31 to 11. The VIX sits at 19.4 — unremarkable.

SPY's dealer-gamma picture reads long gamma: net GEX of $5.7M across tracked expiries (delayed CBOE data). The call wall stands at $750 with the put wall at $730. Options price a move of roughly ±$7.12 on SPY (±0.97%) into the 2026-06-12 expiry. For QQQ the same horizon prices ±1.57%.

Across sectors, Semiconductors (SMH) leads on three-month relative strength versus SPY at +41.4%, with Technology next at +19.8%. Utilities (XLU) brings up the rear at -14.1%; Communication Services is next-weakest at -12.2%.