Nothing led today — 200-day breadth held 65%, the VIX sat at 15.7.
Beyond the lead, SPY's dealer book reads short gamma at −$18.7M; Health Care leads three-month relative strength at +7.0%.
The S&P 500 closed at 7,674. Breadth reads 65% of members above the 200-day average and 47% above the 50-day. The highs-and-lows tape is quiet: 7 new 52-week highs against 7 new lows. The VIX sits at 15.7 — unremarkable.
SPY's dealer-gamma picture reads short gamma: net GEX of −$18.7M across tracked expiries (delayed CBOE data). The call wall stands at $768 with the put wall at $768. Into the 2026-09-09 expiry, the straddle implies a SPY move of about ±$3.62, or ±0.47%. For QQQ the same horizon prices ±0.69%.
Sector-wise, the strongest three-month showing against SPY comes from Health Care (XLV) at +7.0%, ahead of Financials at +6.1%. At the other end, Utilities (XLU) lags at -7.2%, with Real Estate not far ahead at -6.1%.
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.