Daily Report – 2026-11-09


S&P 500 Report

Top 10 Contributors


S&P 500: 7549.94 | πŸ“ˆ Up (2.52%)

Market Structure Score


93/100

Exceptional Structure
Broad participation, strong confirmation, and high-quality leadership indicate exceptionally healthy market internals.

πŸ” Regime shift: Narrow / Fragile β†’ Strong but Concentrated
Market Summary
Executive Summary

Market internals strengthened as participation broadened beyond the largest capitalization stocks, reinforcing the durability of the prevailing advance. Multiple independent internal indicators aligned with this assessment, resulting in a high-conviction market signal.

Market Character

Internal conditions are broadly aligned, indicating a market environment in which participation, leadership, and conviction are reinforcing one another. The Market Structure Score of 93/100 reflects high confidence in this assessment.

Participation

⬥ 414 of 502 stocks advanced (β–²82.5%)
⬥ 80 stocks declined (β–Ό15.9%)
⬥ 8 stocks unchanged
⬥ Advancers clearly outnumbered Decliners.
⬥ Participation improved versus recent sessions.

Overall, participation remained exceptionally broad, providing strong confirmation of today’s advance.

Leadership

Leadership continued to rotate across sectors, indicating investors were reallocating capital without abandoning risk exposure. Broad participation suggests the rotation remains consistent with a constructive market environment.

Risk Assessment

Rapid leadership rotation suggests institutional conviction remains fluid. Should these conditions deteriorate further, confidence in the current market assessment would likely weaken.

Outlook

Continued broad participation and stable leadership would reinforce the current bullish structure. A sustained narrowing of breadth would be the earliest indication that institutional sponsorship is beginning to fade.

Bottom Line

The weight of the internal evidence continues to support a broad institutional accumulation market environment with high confidence. While short-term price fluctuations are inevitable, sustained improvement in participation and leadership would reinforce the current assessment, whereas renewed deterioration in market internals would warrant a more defensive interpretation.

Market Signals

▶ πŸš€ Exceptional market breadth β€” buying was broadly distributed.

▶ πŸ“ˆ Cap-weighted leadership confirmed the advance.

▶ πŸ” Leadership remained moderately concentrated.

▶ πŸ”„ Elevated dispersion suggests healthy sector rotation.

▶ πŸ’ͺ Individual stock moves carried above-average conviction.

▶ πŸš€ Participation expanded sharply from the previous session.

▶ πŸ’Ή Winning stocks outperformed losers by a comfortable margin.

▶ ⭐ Performance was boosted by a handful of outsized winners.

Top Contributors (>0.01%)

Ticker Return Contribution Share Impact_Efficiency Rank
AVGO 8.78% 0.27% 7.98% 0.030490 1
AMD 13.26% 0.17% 5.18% 0.013094 2
AAPL 2.43% 0.17% 5.08% 0.070144 3
MSFT 2.75% 0.13% 3.99% 0.048795 4
AMZN 2.94% 0.11% 3.34% 0.038059 5
META 5.12% 0.11% 3.21% 0.021070 6
MU 6.25% 0.11% 3.21% 0.017208 7
TSLA 5.54% 0.10% 2.98% 0.018065 8
AMAT 11.37% 0.07% 2.07% 0.006111 9
LRCX 10.41% 0.07% 2.00% 0.006447 10
GOOGL 0.96% 0.06% 1.77% 0.061877 11
LLY 4.28% 0.06% 1.75% 0.013687 12
CAT 7.21% 0.05% 1.44% 0.006719 13
INTC 5.49% 0.04% 1.32% 0.008055 14
CSCO 5.11% 0.04% 1.20% 0.007886 15
KLAC 9.31% 0.04% 1.19% 0.004289 16
STX 9.79% 0.03% 0.91% 0.003100 17
WDC 9.86% 0.03% 0.88% 0.002994 18
JPM 2.27% 0.03% 0.87% 0.012866 19
GEV 7.13% 0.03% 0.85% 0.003988 20
TXN 6.62% 0.03% 0.84% 0.004256 21
ADI 8.55% 0.03% 0.82% 0.003217 22
PLTR 5.50% 0.03% 0.82% 0.004972 23
SNDK 6.16% 0.02% 0.73% 0.003988 24
ANET 9.00% 0.02% 0.71% 0.002632 25

Definitions:

Contribution – The weighted impact of a stock’s return on the overall index move
(weight Γ— return). This reflects how much each stock actually moved the index.

Share – The proportion of total index movement attributable to a given stock.
Higher values indicate outsized influence relative to peers.

Impact Efficiency – The ratio of contribution to return, highlighting how effectively
a stock’s price move translates into index impact (primarily driven by index weight).


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