2026-05-11
Daily Report
2026-05-11
Energy led the session at +2.64%, while Communication Svcs lagged at -1.16%.
SPY +0.23% QQQ +0.29% 2 qualifying setups
Market Signal
RISK ON
Score 0.55
Generated
2026-05-12 05:29
Static build timestamp
Leaders
Energy
Best-performing sector today
Lagging
Communication Svcs
Weakest sector on the tape
Overview
Index & Macro Snapshot
Core benchmarks, volatility, and curve shape for the session.
S&P 500
$739.30
+0.23% today · +8.51% YTD
Nasdaq 100
$713.29
+0.29% today · +16.48% YTD
Russell 2000
$285.33
+0.41% today · +14.90% YTD
Dow Jones
$497.11
+0.20% today · +3.22% YTD
VIX
18.38
+0.49% over 5d
10Y Treasury
4.41%
Long-end benchmark
2Y Treasury
3.60%
Policy-sensitive front end
2s/10s Curve
+81bps
Normal / steepening
Tape Read
What's Moving Markets Today
Daily strategist letter and the cross-sector spreads behind today's tape.
Strategist Letter · 2026-05-11
Morning Note
Equities closed with SPY +0.23%, QQQ +0.29% and IWM +0.41%. VIX is 18.38, +0.5% over five sessions. Positioning takeaway: lean into Energy pockets where breadth is improving and trim exposure in Communication Svcs until 200-day support is reclaimed.
Cyclicals vs Defensives
risk-on
Cyclicals (+0.40%) are leading Defensives (+0.01%) by 0.39pp.
Risk appetite firm — the tape is paying for growth, leverage and operating cycle exposure.
Discretionary vs Staples
mixed
XLY -0.69% vs XLP -0.96% (spread +0.27pp).
Consumer mixed — no clear signal on household risk appetite.
Energy vs Utilities
neutral
XLE +2.64% vs XLU +0.94% — spread +1.70pp.
Inflation reflation/commodity bid; favours real-asset exposure and pricing-power names.
Cross-Sector Synthesis
The cross-sector tape is leaning risk-on. Cyclicals vs Defensives: Cyclicals (+0.40%) are leading Defensives (+0.01%) by 0.39pp. Risk appetite firm — the tape is paying for growth, leverage and operating cycle exposure. Discretionary vs Staples: XLY -0.69% vs XLP -0.96% (spread +0.27pp). Consumer mixed — no clear signal on household risk appetite. Energy vs Utilities: XLE +2.64% vs XLU +0.94% — spread +1.70pp. Inflation reflation/commodity bid; favours real-asset exposure and pricing-power names.
Narrative
Sector Commentary
GPT-5.4 commentary grounded in the market inputs for this session.
Energy led the session at +2.64%, while Communication Svcs lagged at -1.16%.
Energy +2.6%
Energy led the sector leaderboard at +2.64% as the strongest large-cap gainers were QCOM +8.42%, COIN +7.68%, PM +6.50%.
Communication Svcs -1.2%
Communication Svcs was the weakest major group at -1.16% with pressure concentrated in ZTS -7.44%, ISRG -6.67%, SMCI -5.23%.
Sector Breadth
Energy
+2.64%
Technology
+1.34%
Materials
+1.30%
Industrials
+1.06%
Utilities
+0.94%
Real Estate
+0.36%
Financials
-0.12%
Health Care
-0.31%
Cons. Discretionary
-0.69%
Cons. Staples
-0.96%
Communication Svcs
-1.16%
Top Movers
QCOM
QCOM
+8.42%
COIN
COIN
+7.68%
PM
PM
+6.50%
TSLA
TSLA
+3.89%
INTC
INTC
+3.62%
ZTS
ZTS
-7.44%
ISRG
ISRG
-6.67%
SMCI
SMCI
-5.23%
WDAY
WDAY
-5.01%
BKNG
BKNG
-4.90%
Scan Output
Full Breakout Table
Composite score combines relative strength, base quality, trend structure, and stage confirmation.
# Ticker Name Sector Score RS Base Trend Stage 2 Price 52W High vs High Avg Vol Vol/Avg
1 AKAM AKAM Unknown
77.4
87.2 50.0 100.0 ✓ $153.01 $153.01 +0.0% 5.3M 2.12x
2 ALB ALB Unknown
66.2
99.5 4.0 100.0 ✓ $209.99 $215.62 -2.6% 2.1M 1.32x