Decisive rotation: Software is +19.8% vs SPY over three months while Utilities trails at -15.7%.
Elsewhere, 48% of S&P names hold their 200-day, while the VIX holds at 15.2, unremarkable.
The S&P 500 finished the session at 7,706. Breadth reads 48% of members above the 200-day average and 28% above the 50-day. SPY itself holds 7.3% above its own 200-day, keeping the long-term trend gate on. New 52-week lows outnumber new highs 33 to 9. Volatility is unremarkable, with the VIX at 15.2.
Sector-wise, the strongest three-month showing against SPY comes from Software (IGV) at +19.8%, ahead of Energy at +11.2%. Utilities (XLU) brings up the rear at -15.7%; Real Estate is next-weakest at -10.4%.
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.