Semiconductors leads a split tape — 56 points clear of Energy on 3-month relative strength.
Elsewhere, SPY's dealer book reads long gamma at $424.4M, while 67% of S&P names hold their 200-day.
The S&P 500 finished the session at 7,537. Breadth reads 67% of members above the 200-day average and 69% above the 50-day. SPY itself holds 9.0% above its own 200-day, keeping the long-term trend gate on. New 52-week highs outnumber new lows 32 to 3. Volatility is unremarkable, with the VIX at 15.6.
On the options side, net GEX on SPY sits at $424.4M across tracked expiries — a dealer-long-gamma read on delayed CBOE data. The call wall stands at $752 with the put wall at $752. Options price a move of roughly ±$11.77 on SPY (±1.57%) into the 2026-07-17 expiry. For QQQ the same horizon prices ±3.17%.
Sector-wise, the strongest three-month showing against SPY comes from Semiconductors (SMH) at +34.1%, ahead of Technology at +17.5%. Energy (XLE) brings up the rear at -21.9%; Utilities is next-weakest at -14.9%.
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.