Market Pulse
SPY closed at $752.10 on 2026-11-02. The close was above the 200-day SMA ($729.15); below the 8-day EMA ($762.76), the 21-day EMA ($766.35), the 50-day SMA ($767.22), and the 100-day SMA ($759.49). That marks 2 consecutive closes below the 21 EMA.
QQQ closed at $681.09 on 2026-11-02. The close was above the 200-day SMA ($679.82); below the 8-day EMA ($705.37), the 21-day EMA ($717.83), the 50-day SMA ($724.35), and the 100-day SMA ($718.90). That marks 3 consecutive closes below the 21 EMA.
VIX 21.15 (+8.91%)
Opening
Single-name options flow lands strongly bullish at $93.7M versus $54.5M bearish, a net $39.2M bull lean. Semiconductors dominate the buy side with AMD and TSM leading at $17.9M and $15.5M respectively, while WDC adds another $11.9M in storage exposure. The bear side is fragmented, with SPCX, LLY, and MU as the largest opposing positions.
