Dashboard & Report Guide
This platform aggregates 30+ market signals and synthesizes them into actionable intelligence. Part 1 explains the intelligence layer. Part 2 is a reference for the raw signals.
Part 1 Reading the Dashboard
The regime, score, alerts, and interpretive text — what they mean and how to use them.
Market Regime
Classifies current conditions into one of five regimes based on dark pool activity, credit spreads, volatility, breadth, and positioning. Updated every 15 minutes during market hours.
RISK-ON
Triggers: DIX strong, GEX positive, HY OAS tight, breadth broad, VIX low
Structural supports intact with broad participation. The floor is solid.
Favor long positions, full sizing. Conditions support risk-taking.
CAUTIOUS
Triggers: Most supports intact but one or two lagging — typically breadth < 50% or credit widening
Mostly there but mixed signals warrant caution. Not all sectors participating.
Be selective. Favor quality, slightly smaller sizes. Watch the lagging signal.
TRANSITIONAL
Triggers: Signals actively disagree — some improving while others deteriorate
Between regimes. Direction is unclear. Often seen at turning points.
Reduce exposure or wait for clarity. Don't force trades when signals conflict.
RISK-OFF
Triggers: Multiple structural supports weakening — rising HY OAS, falling breadth, weak DIX, negative GEX
Environment deteriorating. Institutional buyers stepping back.
Favor defensive sectors, reduce longs, consider hedges. Cash is a position.
PANIC
Triggers: Acute stress across all dimensions — extreme VIX, wide credit, collapsed breadth, heavy put buying
Systemic stress. Capital preservation mode.
Hedge everything. No new longs. Wait for stabilization.
Evaluation order: PANIC (most restrictive) → RISK-OFF → RISK-ON → CAUTIOUS → TRANSITIONAL (default).
Signal Health Score
Composite 0-100 measure of structural market health — not direction. A high score means the plumbing is intact (liquidity flowing, credit calm, institutions buying). Normal markets score 55-60.
Score Components
Score Ranges
Score-Regime Reconciliation
When the score and regime disagree, bridge text (italicized line below regime name) explains the divergence.
Alerts
Threshold-based alerts fire when signal thresholds are crossed. They appear in the Alert Feed on the dashboard. View full history →
Structural supports are breaking. Requires immediate attention.
Conditions deteriorating or a notable threshold crossed.
Informational — often bullish confirmations or position reclaims.
Active
Condition is present. Displayed in the alert feed until resolved.
Resolved
The underlying condition cleared automatically. Visible for 30 days.
Key Alerts
Deeply negative GEX + credit stress + breadth collapse. All structural supports breaking.
DIX weak + GEX negative + HY OAS widening. Institutional selling with vol amplification.
HY OAS above 4.5% — the bond market is pricing real default risk.
Breadth below 20% — extreme selling across the board.
VIX above 40 — extreme fear in equity options.
WTI crude above $100 — energy shock territory, stagflation risk rising.
Stagflation score above 75 — breakeven rates signaling entrenched inflation expectations.
HY OAS above 3.5% — credit markets showing stress.
DIX below 0.40 — institutional demand weakening.
GEX flipped negative — dealer hedging now amplifies moves.
VIX term structure inverted — near-term fear exceeds long-term.
VIX above 25 — elevated fear but not extreme.
Market regime shifted since the last report.
USO above $75 or 5%+ daily move — geopolitical disruption risk.
Energy regime shifted (STABLE/ELEVATED/SHOCK/CRISIS) — monitor crude and refining margins.
Crack spread above $40/bbl — extreme refining margins, consumer fuel price pressure.
Energy in SHOCK with elevated crack spread — supply disruption driving spot premium.
Strong negative SPY-Oil correlation during energy stress — crude shock propagating into equities.
5Y breakeven inflation above 3% — inflation expectations well above Fed target.
Stagflation risk score above 50 — elevated inflation expectations with growth concerns.
Wide spread between strongest and weakest sector breadth — rotation or narrow leadership risk.
SPY within 0.5% of gamma call or put wall — expect resistance/support and potential pinning.
Key asset correlation (SPY/VIX, SPY/DXY, SPY/TNX, SPY/Oil) breaking from normal range — increased unpredictability.
GEX flipped positive — volatility dampening resumes.
DIX strong + GEX positive + credit tight + breadth broad. Full support.
Strong DIX + elevated VIX + washed-out breadth — classic smart-money-buying-fear setup.
DIX above 0.48 — heavy institutional dark pool buying.
Price reclaimed the Zero Gamma Level — vol-suppression zone restored.
The Five-Level Signal Scale
Every signal is evaluated against this universal scale. The colored dots next to signal values map to these levels.
Favorable
Conditions are constructive. Supports risk-taking.
Leaning
Slightly positive — tilting constructive.
Neutral
No strong signal either way.
Cautionary
Deteriorating. Risk management warranted.
Adverse
Danger zone. Immediate attention.
Leading vs Lagging Indicators
The dashboard's leading/lagging paragraph tells you: are predictive signals confirming or diverging from confirmatory ones?
Leading — move before price
DIX direction
Institutional dark pool buying shifts before price moves
GEX sign
Gamma exposure flip changes the vol regime before VIX reacts
HY OAS direction
Credit spreads widen before equity selloffs
Breadth trend
Participation narrows before indices roll over
Energy regime
SHOCK/CRISIS acts as a leading macro headwind — margin compression follows
Coincident — move with price
SPY vs ZGL
Price vs zero gamma level shows real-time dealer dynamics
0DTE PCR
Same-day options flow reflects current session sentiment
VIX level
Implied volatility responds to current conditions
Lagging — confirm after
Sentiment score
News sentiment aggregation lags by hours to days
Seasonality
Historical monthly patterns provide background context
When leading indicators deteriorate while lagging indicators still look fine, the leading indicators are usually right.
Part 2 Signal Reference
Raw signal thresholds, interpretation, and data sources.
All Signals
Measures institutional buying in dark pools. When large players accumulate, DIX rises. Leading indicator — moves before price.
Measures dealer gamma positioning. Positive GEX means dealers buy dips and sell rallies. Negative GEX amplifies moves.
Credit spread between high-yield bonds and Treasuries. Widening means investors demand more compensation for risk — a leading stress signal.
Spread for BBB-rated (lowest investment-grade) corporates. Widening signals downgrade risk near the investment-grade cliff.
Measures how many stocks are in uptrends. Narrow breadth (few stocks driving gains) is fragile. Broad participation confirms strength.
Implied volatility of S&P 500 options. High VIX = market expects large moves. Lagging — confirms what price is already showing.
VIX futures curve shape. Contango (front < back) is normal. Backwardation (front > back) means near-term fear exceeds long-term — rare and serious.
The slope of the yield curve. Inversion (negative) has preceded every recession since 1970, though with variable lead time.
Net liquidity = WALCL minus TGA minus RRP. Rising means more cash in the financial system, which flows into risk assets.
Ratio of put to call volume in same-day expiry options. Extreme put buying = hedging/panic. Very low = complacency.
Aggregate sentiment from financial news. Lagging — reflects the narrative, not what comes next.
Composite label from HY OAS and spread behavior. Summarizes the credit picture in one word.
Bitcoin has no earnings, no yield — it's the purest gauge of global fiat liquidity and risk appetite.
Report Sections
Each report contains these data sections, updated on a market-aware schedule.
Equity & Derivatives Board
SPY, QQQ, IWM technicals: Price, RSI(14), IVR, ZGL, GEX Sentiment, PCR.
ZGL, GEX, PCR require Schwab API. Falls back to yfinance when unavailable.
Macro Board
VIX, TNX (10Y yield), GLD, DXY, SLV — same technical framework as equities.
Macro Fundamentals
10Y Yield, Yield Curve (10Y-3M), DXY, Growth/Value (QQQ/SPY), Risk Appetite (XLY/XLP).
Volatility & Options
MOVE index, VIX/MOVE ratio, 0DTE options volume and put/call ratio, vol regime.
Credit Conditions
HY OAS, BBB Spread, 2s10s Spread — the bond market's real-time risk assessment.
Market Breadth
% above 50-day and 200-day SMA for all ~503 S&P 500 stocks. Breadth signal label.
Dark Pool Activity
DIX (institutional buying), GEX (dealer gamma) from SqueezMetrics. Daily updates.
Fed & Global Liquidity
Net Liquidity (WALCL - TGA - RRP), ECB + BOJ assets, BTC as liquidity proxy.
Seasonality
20-year monthly return patterns for SPY. Best as a tiebreaker, not primary signal.
EPS Revisions
30-day analyst estimate changes for 10 mega-caps. Revision direction = forward indicator.
Sector Breadth
Per-GICS-sector breakdown of stocks above 50-day SMA. Displayed as a heatmap. Wide divergence between sectors indicates rotation risk.
Gamma Profile
Call and put wall levels from SPY option chain gamma exposure. Price between walls = range-bound; breach = accelerated move.
Fed Watch
Current fed funds rate, next FOMC meeting, and market-implied hold/cut probabilities.
Correlations
Rolling 20-day Pearson correlations: SPY/VIX (normal −0.85 to −0.70), SPY/DXY (normal −0.40 to +0.10), SPY/TNX (normal −0.20 to +0.40). Classified as normal/elevated/warning.
Data Sources & Schedule
Sources
Prices, RSI, IVR, breadth, EPS, MOVE, BTC, energy (WTI, Brent, USO, XLE), seasonality
ZGL, GEX Sentiment, PCR, 0DTE volume
Economic releases, balance sheets, HY OAS, 2s10s, breakeven inflation (5Y, 10Y, 5Y5Y)
News sentiment
DIX, GEX (dark pool)
Financial news headlines
Report Schedule (Eastern)
Prices, news, FRED, credit, vol
All sources incl. breadth, sentiment, dark pool
Prices, options, 0DTE, news, BTC
All sources
All sources
Prices, news, credit, FRED
News, BTC only
Change Markers
Putting It Together
Start with Market Status
Regime, score, and bridge text give you the 5-second read.
Check alerts
Any CRITICAL or WARNING alerts require immediate attention.
Read the leading/lagging paragraph
Are predictive signals confirming or diverging from confirmatory ones?
Check Key Levels
Where are the support/resistance levels for today's session?
Scan raw data sections
Colored dots make this fast — glance for any that stand out.
Check the economic calendar
Upcoming catalysts can override all technical signals.
When signals align (bearish breadth + widening credit + negative GEX + falling DIX), conviction is high. When they diverge, watch which resolves first.