Semiconductors leads a split tape — 66 points clear of Energy on 3-month relative strength.
Beyond the lead, SPY's dealer book reads long gamma at $20.4M; 64% of S&P names hold their 200-day.
The S&P 500 finished the session at 7,483. Under the surface, 64% of index members are above their 200-day moving average and 63% are above their 50-day. SPY itself holds 8.3% above its own 200-day, keeping the long-term trend gate on. New 52-week highs outnumber new lows 45 to 2. The VIX sits at 16.6 — unremarkable.
SPY's dealer-gamma picture reads long gamma: net GEX of $20.4M across tracked expiries (delayed CBOE data). The call wall stands at $746 with the put wall at $746. Options price a move of roughly ±$15.62 on SPY (±2.09%) into the 2026-07-17 expiry. For QQQ the same horizon prices ±4%.
Sector-wise, the strongest three-month showing against SPY comes from Semiconductors (SMH) at +40.8%, ahead of Technology at +21.5%. At the other end, Energy (XLE) lags at -25.0%, with Utilities not far ahead at -15.1%.
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.