Energy leads a split tape — 36 points clear of Semiconductors on 3-month relative strength.
SPY's dealer book reads short gamma at −$24.9M. Meanwhile, 54% of S&P names hold their 200-day.
The S&P 500 finished the session at 7,586. Breadth reads 54% of members above the 200-day average and 35% above the 50-day. SPY itself holds 6.2% above its own 200-day, keeping the long-term trend gate on. New 52-week lows outnumber new highs 22 to 13. Volatility is unremarkable, with the VIX at 17.2.
SPY's dealer-gamma picture reads short gamma: net GEX of −$24.9M across tracked expiries (delayed CBOE data). The call wall stands at $766 with the put wall at $760. Options price a move of roughly ±$6.25 on SPY (±0.82%) into the 2026-09-16 expiry. For QQQ the same horizon prices ±1.04%.
Sector-wise, the strongest three-month showing against SPY comes from Energy (XLE) at +18.8%, ahead of Software at +13.2%. At the other end, Semiconductors (SMH) lags at -16.7%, with Utilities not far ahead at -7.6%.
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.