Market Pulse
SPY closed at $765.37. The close was below the 8-day EMA ($766.75), the 21-day EMA ($768.50) and the 50-day SMA ($767.59). 3 consecutive closes below the 21 ema.
QQQ closed at $712.20 on 2026-10-26. The close was below the 8-day EMA ($716.69), the 21-day EMA ($725.95), the 50-day SMA ($725.43) and the 100-day SMA ($719.19). 9 consecutive closes below the 21 ema.
VIX 18.39 (-5.45%)
Opening
Single-name options flow leaned heavily bullish today with $76.7M in bullish premium against $32.6M bearish, a net of $44.1M to the upside. SPCX led all names at $25.3M bullish, followed by META at $15.7M. Semiconductor and chip names absorbed the bulk of bearish conviction, with INTC and AVGO pulling in $9.1M and $8.9M on the bear side respectively.
