Energy leads a split tape — 29 points clear of Communication Services on 3-month relative strength.
SPY's dealer book reads short gamma at −$57.4M. Meanwhile, 59% of S&P names hold their 200-day.
The S&P 500 closed at 7,580. Breadth reads 59% of members above the 200-day average and 61% above the 50-day. SPY itself holds 3.9% above its own 200-day, keeping the long-term trend gate on. New 52-week highs outnumber new lows 30 to 3. The VIX sits at 19.4 — unremarkable.
On the options side, net GEX on SPY sits at −$57.4M across tracked expiries — a dealer-short-gamma read on delayed CBOE data. The call wall stands at $769 with the put wall at $760. Options price a move of roughly ±$6.83 on SPY (±0.9%) into the 2026-11-02 expiry. For QQQ the same horizon prices ±1.49%.
Across sectors, Energy (XLE) leads on three-month relative strength versus SPY at +19.4%, with Health Care next at +14.2%. At the other end, Communication Services (XLC) lags at -10.0%, with Industrials not far ahead 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.