Health Care leads a split tape — 21 points clear of Communication Services on 3-month relative strength.
Elsewhere, SPY's dealer book reads long gamma at $20.5M, while 72% of S&P names hold their 200-day.
The S&P 500 closed at 7,753. Breadth reads 72% of members above the 200-day average and 66% above the 50-day. SPY itself holds 10.3% above its own 200-day, keeping the long-term trend gate on. New 52-week highs outnumber new lows 22 to 3. The VIX sits at 15.5 — unremarkable.
On the options side, net GEX on SPY sits at $20.5M across tracked expiries — a dealer-long-gamma read on delayed CBOE data. The call wall stands at $772 with the put wall at $772. Into the 2026-08-21 expiry, the straddle implies a SPY move of about ±$12.35, or ±1.6%. For QQQ the same horizon prices ±2.64%.
Sector-wise, the strongest three-month showing against SPY comes from Health Care (XLV) at +11.7%, ahead of Software at +9.7%. Communication Services (XLC) brings up the rear at -9.0%; Utilities is next-weakest at -8.2%.
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.