The S&P 500 finished the session at 7,473. Breadth reads 60% of members above the 200-day average and 56% above the 50-day. SPY itself holds 8.7% above its own 200-day, keeping the long-term trend gate on. New 52-week highs outnumber new lows 46 to 35. Volatility is unremarkable, with the VIX at 17.3.
SPY's dealer-gamma picture reads short gamma: net GEX of −$14.5M across tracked expiries (delayed CBOE data). The call wall stands at $747 with the put wall at $747. Options price a move of roughly ±$23.52 on SPY (±3.16%) into the 2026-07-17 expiry. For QQQ the same horizon prices ±5.26%.
Across sectors, Semiconductors (SMH) leads on three-month relative strength versus SPY at +51.1%, with Technology next at +23.6%. Energy (XLE) brings up the rear at -20.3%; Communication Services is next-weakest at -17.0%.
This note is auto-generated from Tapelab's nightly market data. It reports what the data said on the date above — research commentary, not investment advice.