📋Morning Board 2026-11-04

Pre-open snapshot: prior close, VIX percentile, RSI(2), dealer gamma, expected range.

SymbolPrev closeChangeVIX / VXN (pct)GEX ($B/1%)Expected range
QQQ$685.28+0.62%30.5 (96th pctile)-1.45B1.70% (1.04–2.88)
SPY$754.35+0.30%20.8 (85th pctile)+0.11B flip 761.81.10% (0.64–1.94)
QQQ RSI(2)28 neutral
QQQ vs 200-day+0.8%
How to read this · VIX

σ Volatility Indices (VIX / VXN)

VIX = S&P 500 30-day implied volatility (maps to SPY); VXN = the same measure for the Nasdaq 100 (maps to QQQ). Percentile = share of the past year (252 trading days) that closed below the current value.
Index Current Percentile 1-year range As of
VIX · SPY 20.83 85% pctile · Elevated (fear)
13.5 ─ median 17.1 ─ 31.1
2026-11-03
VXN · QQQ 30.53 96% pctile · Elevated (fear)
17.2 ─ median 23.4 ─ 33.5
2026-11-03
CBOE official daily closes (VIX from 1990, VXN from 2009). These are closing values, not intraday — the morning brief uses the prior session's close and the evening review the current close, so the series stays consistent with history with no point-in-time bias.

Full report: Morning report · Evening report

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Research output, not investment advice.