The S&P 500 finished the session at 7,440. Under the surface, 63% of index members are above their 200-day moving average and 65% are above their 50-day. SPY itself holds 7.8% above its own 200-day, keeping the long-term trend gate on. New 52-week highs outnumber new lows 53 to 12. The VIX sits at 17.6 — unremarkable.
On the options side, net GEX on SPY sits at $137.4M across tracked expiries — a dealer-long-gamma read on delayed CBOE data. The call wall stands at $740 with the put wall at $740. Options price a move of roughly ±$19.24 on SPY (±2.6%) into the 2026-07-17 expiry. For QQQ the same horizon prices ±4.64%.
Across sectors, Semiconductors (SMH) leads on three-month relative strength versus SPY at +44.1%, with Technology next at +21.8%. Energy (XLE) brings up the rear at -26.9%; Communication Services is next-weakest at -14.0%.
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.