Finance Analyst Report: 2026-05-06 02:00:29 ET

Market Status

Regime: N/A | Score: 0/100 (N/A) |

Insufficient data for leading/lagging analysis.

Sentiment: Neutral (Score: 0.09)

What Changed

No signal changes detected.

Key Levels

SPY: $726.42 | 50 SMA $680.79 | 200 SMA $671.39 | +0.1% from 50d | ZGL $704.51
QQQ: $687.24 | 50 SMA $613.94 | 200 SMA $604.64 | +0.1% from 50d | ZGL $665.38
IWM: $283.42 | 50 SMA $260.01 | 200 SMA $248.36 | +0.1% from 50d | ZGL $277.78
VIX: 17.38 — sub-20 (low vol)
10Y Yield: 4.416%

Equity & Derivatives Board

Ticker	Price	RSI(14)	IVR	ZGL	γ-Sent	PCR
SPY	$726.42	71.95	43.3	$704.51	Bearish	0.42
QQQ	$687.24	78.90	49.4	$665.38	Bearish	0.27
IWM	$283.42	65.43	31.6	$277.78	Bearish	0.35

Macro Board

Ticker	Price	RSI(14)	IVR	ZGL	γ-Sent	PCR
VIX	17.38	49.64	40.7	$10.50	Neutral	0.98
TNX	44.16	72.51	23.4	-	-	-
GLD	$421.75	28.42	23.3	$330.00	Neutral	1.13
DXY	98.28	53.37	25.9	-	-	-
SLV	$66.84	36.36	16.7	$35.00	Neutral	0.84

Dark Pool Activity

DIX (Dark Index): 0.437
DIX Signal: Neutral
GEX (Gamma Exposure): 6.71B

Credit Conditions

HY OAS Spread: 2.78% (Normal)
BBB Spread: 1.01%
2s10s Spread: 0.50% (Healthy slope)

Market Breadth

Stocks Above 50-Day SMA: 53.3%
Stocks Above 200-Day SMA: 55.8%
Breadth Signal: Moderately Bullish
Total Stocks Analyzed: 501
Mag 7 Concentration: 32.0%
Top 10 Concentration: 43.0%

Sector Breadth

Sector	% > 50d SMA	Stocks
Real Estate	85.7%	24/28
Energy	80.0%	16/20
Technology	70.8%	46/65
Financials	66.2%	45/68
Materials	50.0%	12/24
Industrials	47.8%	32/67
Communication Services	45.0%	9/20
Utilities	43.3%	13/30
Health Care	37.0%	20/54
Consumer Staples	35.3%	12/34
Consumer Discretionary	33.9%	20/59

Energy & Commodities

Energy Regime: SHOCK
WTI Crude: $101.08 (5d: -5.4%)
Brent Crude: $108.71 | Spread: $7.63
RBOB Gasoline: $3.4500/gal
Heating Oil: $4.0300/gal
3-2-1 Crack Spread: $51.94/bbl (Very wide)
XLE (Energy Sector): $59.45
UNG (Nat Gas): $10.64

Correlations

Pair	20d Corr	Signal
SPY / VIX	-0.824	normal
SPY / DXY	-0.808	extreme
SPY / TNX	-0.647	stretched
SPY / Oil	N/A	N/A

Volatility & Options

Volatility Regime: Contango (Normal)
MOVE Index (Bond Vol): 76.78
VIX/MOVE Ratio: 0.23 (Normal Relationship)
0DTE Call Volume: 2,808,271.0
0DTE Put Volume: 3,179,823.0
0DTE Put/Call Ratio: 1.13 (Balanced 0DTE Flow)
0DTE Notional Dollar Volume: $433.4B
Gamma Call Wall: $725 | Put Wall: $700 (Spot: $726.42)

CTA Trend Stack

SMA Stack Score: 4/4 above
Position: Above all 4 SMAs (full-stack long)

Positioning & Sentiment

CFTC E-mini Specs Net: -101,440 contracts (Z +0.80, as of 2026-04-28)
AAII Bull-Bear Spread: -1.6% (as of 2026-04-29)
Squeeze Setup: none (no triggers)

Macro Fundamentals

10Y Yield: 4.42%
Yield Curve (10Y-3M): 0.82 (Normal)
DXY: 98.28
Growth vs Value: 0.95
Fed Funds Rate: N/A | Next FOMC: 2026-06-10
Rate Probabilities: Hold None | Cut None

Inflation Expectations

5Y Breakeven: 2.67% (Above Target)
10Y Breakeven: 2.47%
5Y5Y Forward: 2.27%
Stagflation Risk Score: 41/100

Fed & Global Liquidity

Fed Balance Sheet (WALCL): $6699.9B
Treasury General Account (TGA): $981.9B
Reverse Repo (RRP): $1.1B
US Net Liquidity (WALCL - TGA - RRP): $5,717B
Liquidity Regime: Adequate
ECB Balance Sheet: ~$7,264B
BOJ Balance Sheet: ~$4,202B
Global Net Liquidity: $17,183B
BTC-USD (Liquidity Proxy): $81,336 ▼ (Risk-on)

Active Alerts

No active alerts.

Seasonality

Current Month: May
Average Return: +0.95%
Median Return: +1.46%
Hit Rate: 80%
Signal: Historically Neutral

Today's Events

Economic Releases:

ADP Nonfarm Employment Change(Apr): ⏳ Pending
Crude Oil Inventories: ⏳ Pending

Upcoming Calendar (30 Days)

Economic Releases:

Employment Situation (Payrolls): 2026-05-08
Consumer Price Index (CPI): 2026-05-12
Producer Price Index (PPI): 2026-05-13
Retail Sales: 2026-05-14
Industrial Production: 2026-05-15
Philadelphia Fed Mfg Index: 2026-05-26
Gross Domestic Product (GDP): 2026-05-28

Earnings & EPS Estimates:

NVDA (2026-05-20): EPS Est. $1.77 (↓0.0% vs 30d)
WMT (2026-05-21): EPS Est. $0.66 (↓0.3% vs 30d)
JPM (2026-07-14): EPS Est. $5.39 (↑0.9% vs 30d)
GS (2026-07-14): EPS Est. $13.74 (↓1.7% vs 30d)
TSLA (2026-07-22): EPS Est. $0.45 (↓1.1% vs 30d)
GOOGL (2026-07-23): EPS Est. $2.87 (↑4.0% vs 30d)
MSFT (2026-07-29): EPS Est. $4.24 (↓0.4% vs 30d)
META (2026-07-29): EPS Est. $7.19 (↑0.8% vs 30d)
AAPL (2026-07-30): EPS Est. $1.89 (↑9.0% vs 30d)
AMZN (2026-07-30): EPS Est. $1.82 (↑1.6% vs 30d)

FX News Wire

Unread articles (18):

[1] Saudi Arabia Gold price today: Gold rises, according to FXStreet data URL: https://www.fxstreet.com/news/saudi-arabia-gold-price-today-gold-rises-according-to-fxstreet-data-202605060505 Published: Wed, 06 May 2026 05:05:34 Z

[2] India HSBC Services PMI rose from previous 57.9 to 58 in April URL: https://www.fxstreet.com/news/india-hsbc-services-pmi-rose-from-previous-579-to-58-in-april-202605060503 Published: Wed, 06 May 2026 05:03:22 Z

[3] India HSBC Composite PMI down to 58.2 in April from previous 58.3 URL: https://www.fxstreet.com/news/india-hsbc-composite-pmi-down-to-582-in-april-from-previous-583-202605060503 Published: Wed, 06 May 2026 05:03:07 Z

[4] India HSBC Services PMI climbed from previous 57.9 to 58.8 in April URL: https://www.fxstreet.com/news/india-hsbc-services-pmi-climbed-from-previous-579-to-588-in-april-202605060503 Published: Wed, 06 May 2026 05:03:00 Z

[5] India HSBC Services PMI climbed from previous 57.9 to 58.7 in April URL: https://www.fxstreet.com/news/india-hsbc-services-pmi-climbed-from-previous-579-to-587-in-april-202605060502 Published: Wed, 06 May 2026 05:02:56 Z

[6] AUD/JPY Price Forecast: Tumbles below 113.00 on suspected Yen intervention, uptrend still intact URL: https://www.fxstreet.com/news/aud-jpy-price-forecast-tumbles-below-11300-on-suspected-yen-intervention-uptrend-still-intact-202605060501 Published: Wed, 06 May 2026 05:01:01 Z

[7] Philippines Gold price today: Gold rises, according to FXStreet data URL: https://www.fxstreet.com/news/philippines-gold-price-today-gold-rises-according-to-fxstreet-data-202605060500 Published: Wed, 06 May 2026 05:00:10 Z

[8] WTI Price Forecast: Seems vulnerable near mid-97.00s; break below 38.2% Fibo. awaited URL: https://www.fxstreet.com/news/wti-price-forecast-seems-vulnerable-near-mid-9700s-break-below-382-fibo-awaited-202605060459 Published: Wed, 06 May 2026 04:59:50 Z

[9] United Arab Emirates Gold price today: Gold rises, according to FXStreet data URL: https://www.fxstreet.com/news/united-arab-emirates-gold-price-today-gold-rises-according-to-fxstreet-data-202605060455 Published: Wed, 06 May 2026 04:55:24 Z

[10] Pakistan Gold price today: Gold rises, according to FXStreet data URL: https://www.fxstreet.com/news/pakistan-gold-price-today-gold-rises-according-to-fxstreet-data-202605060445 Published: Wed, 06 May 2026 04:45:05 Z

[11] India Gold price today: Gold rises, according to FXStreet data URL: https://www.fxstreet.com/news/india-gold-price-today-gold-rises-according-to-fxstreet-data-202605060435 Published: Wed, 06 May 2026 04:35:34 Z

[12] Google (GOOGL) Elliott Wave cycle near completion, larger three-wave pullback ahead [Video] URL: https://www.fxstreet.com/news/google-googl-elliott-wave-cycle-near-completion-larger-three-wave-pullback-ahead-video-202605060432 Published: Wed, 06 May 2026 04:32:50 Z

[13] Indian Rupee advances on improved market sentiment URL: https://www.fxstreet.com/news/indian-rupee-advances-on-improved-market-sentiment-202605060432 Published: Wed, 06 May 2026 04:32:37 Z

[14] Malaysia Gold price today: Gold rises, according to FXStreet data URL: https://www.fxstreet.com/news/malaysia-gold-price-today-gold-rises-according-to-fxstreet-data-202605060430 Published: Wed, 06 May 2026 04:30:34 Z

[15] Pound Sterling Price News & Forecast: GBP/USD gains positive traction for the second straight day URL: https://www.fxstreet.com/news/pound-sterling-price-news-forecast-gbp-usd-gains-positive-traction-for-the-second-straight-day-202605060419 Published: Wed, 06 May 2026 04:19:04 Z

[16] US Dollar Index softens below 98.50 on Middle East de-escalation signals URL: https://www.fxstreet.com/news/us-dollar-index-softens-below-9850-on-middle-east-de-escalation-signals-202605060416 Published: Wed, 06 May 2026 04:16:54 Z

[17] AUD/USD Price Forecast: Rallies to June 2022 high, closer to mid-0.7200s on weaker USD URL: https://www.fxstreet.com/news/aud-usd-price-forecast-rallies-to-june-2022-high-closer-to-mid-07200s-on-weaker-usd-202605060409 Published: Wed, 06 May 2026 04:09:12 Z

[18] Gold refreshes weekly top, eyes mid-$4,600 as USD weakens on US-Iran peace deal hopes URL: https://www.fxstreet.com/news/gold-refreshes-weekly-top-eyes-mid-4-600-as-usd-weakens-on-us-iran-peace-deal-hopes-202605060343 Published: Wed, 06 May 2026 03:43:21 Z

Iran War News

Updates (5):

[1] UAE president praises armed forces on unification anniversary Time: 2026-05-06T05:54:34.131Z

[2] Pakistan seeks urgent LNG cargoes as Iran war hits supply - Bloomberg Time: 2026-05-06T05:42:33.783Z

[3] Most Britons fear Iran war will raise food prices - Guardian Time: 2026-05-06T04:47:31.928Z

[4] Iran to skip World Cup unless US avoids insulting IRGC, football federation chief says Time: 2026-05-06T04:23:16.334Z

[5] Mediation efforts continue to end US-Iran conflict, Pakistan says Time: 2026-05-06T02:58:42.622Z

Hormuz Strait Status

Hormuz Strait: no change since last report.

Strait of Hormuz Dashboard:

Ships Transiting: Near zero (normal: ~60/day)
Stranded Vessels: 150+ ships including tankers, bulk carriers, and other commercial vessels
Oil Prices: Brent crude surging due to supply disruption
War Risk Insurance: Premiums at extreme levels, over 16x normal rates
Throughput: Under 2% of normal daily deadweight tonnage
Global Impact: 21% of world oil supply at risk; 25% of global LNG trade at risk; est. $4 billion/day economic cost
Shipping: +14 days via Cape reroute; tanker rates tripled