Semiconductors leads a split tape — 31 points clear of Materials on 3-month relative strength.
Elsewhere, SPY's dealer book reads long gamma at $128.2M, while 67% of S&P names hold their 200-day.
The S&P 500 finished the session at 7,572. Under the surface, 67% of index members are above their 200-day moving average and 63% are above their 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 24 to 4. Volatility is unremarkable, with the VIX at 15.7.
On the options side, net GEX on SPY sits at $128.2M across tracked expiries — a dealer-long-gamma read on delayed CBOE data. The call wall stands at $757 with the put wall at $753. Into the 2026-07-17 expiry, the straddle implies a SPY move of about ±$4.78, or ±0.63%. For QQQ the same horizon prices ±1.35%.
Sector-wise, the strongest three-month showing against SPY comes from Semiconductors (SMH) at +19.9%, ahead of Technology at +12.6%. Materials (XLB) brings up the rear at -10.9%; Communication Services is next-weakest at -10.7%.
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.