Decisive rotation: Software is +12.6% vs SPY over three months while Consumer Discretionary trails at -7.3%.
Elsewhere, 70% of S&P names hold their 200-day, while the VIX holds at 14.5, unremarkable.
The S&P 500 finished the session at 7,731. Under the surface, 70% of index members are above their 200-day moving average and 54% are above their 50-day. SPY itself holds 9.1% above its own 200-day, keeping the long-term trend gate on. New 52-week highs outnumber new lows 12 to 9. Volatility is unremarkable, with the VIX at 14.5.
Sector-wise, the strongest three-month showing against SPY comes from Software (IGV) at +12.6%, ahead of Health Care at +11.0%. Consumer Discretionary (XLY) brings up the rear at -7.3%; Communication Services is next-weakest at -6.8%.
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.