Energy leads a split tape — 28 points clear of Semiconductors on 3-month relative strength.
Elsewhere, SPY's dealer book reads short gamma at −$20.7M, while 51% of S&P names hold their 200-day.
The S&P 500 finished the session at 7,552. Under the surface, 51% of index members are above their 200-day moving average and 31% are above their 50-day. SPY itself holds 5.7% above its own 200-day, keeping the long-term trend gate on. New 52-week lows outnumber new highs 22 to 5. The VIX sits at 17.7 — unremarkable.
SPY's dealer-gamma picture reads short gamma: net GEX of −$20.7M across tracked expiries (delayed CBOE data). The call wall stands at $760 with the put wall at $745. Options price a move of roughly ±$5.85 on SPY (±0.78%) into the 2026-09-17 expiry. For QQQ the same horizon prices ±0.97%.
Across sectors, Energy (XLE) leads on three-month relative strength versus SPY at +15.6%, with Software next at +14.0%. Semiconductors (SMH) brings up the rear at -12.1%; Utilities is next-weakest at -8.4%.
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.