Finance Analyst Report: 2026-06-11 17:01:39 ET
Signal Alignment
SPY Direction: SPY +0.3% (3d) | Alignment: 100% (4 aligned, 0 divergent) Status: MIXED β Mixed β no clear signal consensus
| Category | Signal Says | vs SPY | Key Driver |
|---|---|---|---|
| Dark Pool | βͺ NEUTRAL | β | DIX 0.467 moderate, 0DTE PCR 1.02 balanced |
| Gamma | π’ BULLISH | β ALIGNED | GEX +2.5B vol dampening |
| Credit | π’ BULLISH | β ALIGNED | HY OAS 2.80% moderate, NFCI -0.506 loose |
| Breadth | π’ BULLISH | β ALIGNED | Breadth 57% β broad participation supports rally |
| Energy | βͺ NEUTRAL | β | Energy ELEVATED β watch for transmission but not yet bearish |
| growth_expectations | βͺ NEUTRAL | β | Copper/Gold +7.6% growth optimism Β· real yield 2.20% restrictive |
| news_sentiment | βͺ NEUTRAL | β | AI news sentiment unavailable |
| Correlations | βͺ NEUTRAL | β | SPY/VIX -0.85 normal, SPY/DXY -0.72 stretched, SPY/TNX -0.82 extreme, SPY/Oil -0.32 elevated |
| Volatility | βͺ NEUTRAL | β | VIX 19.4 sub-20 in contango Β· SKEW 143 firm Β· VVIX/VIX 5.18 dealer stress |
| Inflation | βͺ NEUTRAL | β | Stagflation score 27 β moderate, watching |
| carry_risk | π’ BULLISH | β ALIGNED | USD/JPY 5d -0.3% stable, MOVE 69 calm |
| Liquidity | βͺ NEUTRAL | β | Liquidity Adequate, cut prob 11% β hawkish lean but no BS drain |
Divergence read: Risk-on regime with gamma, credit, and breadth leaning bullish, but structural signals haven't signed on yet β rally is concentrated, watch for broadening.
Market Status
Regime: RISK-ON | Score: 75/100 (Favorable) |
Leading indicators show DIX stable at 0.467; GEX positive at 2.5B (vol-suppressing); credit spreads widening (stress building). Lagging confirmation: VIX at 19.4 (low-fear environment); seasonal pattern historically neutral.
What Changed
- No signal changes detected.
Key Levels
- SPY: $738.18 | 50 SMA $719.32 | 200 SMA $685.34 | +0.0% from 50d | ZGL $731.0
- QQQ: $716.04 | 50 SMA $676.27 | 200 SMA $623.90 | +0.1% from 50d | ZGL $704.43
- IWM: $290.46 | 50 SMA $276.54 | 200 SMA $256.27 | +0.1% from 50d | ZGL $287.82
- VIX: 19.44 β sub-20 (low vol)
- 10Y Yield: 4.463%
Equity & Derivatives Board
| Ticker | Price | RSI(14) | IVR | ZGL | Ξ³-Sent | PCR |
|---|---|---|---|---|---|---|
| SPY | $738.18 | 37.19 | 56.0 | $731.00 | Neutral | 0.72 |
| QQQ | $716.04 | 41.09 | 99.9 | $704.43 | Neutral | 0.60 |
| IWM | $290.46 | 52.52 | 77.0 | $287.82 | Neutral | 0.57 |
Macro Board
| Ticker | Price | RSI(14) | IVR | ZGL | Ξ³-Sent | PCR |
|---|---|---|---|---|---|---|
| VIX | 19.44 | 66.81 | 75.2 | $10.52 | Neutral | 0.96 |
| TNX | 44.63 | 45.74 | 60.8 | - | - | - |
| GLD | $386.57 | 19.71 | 29.6 | $310.00 | Bearish | 1.61 |
| DXY | 99.69 | 60.03 | 16.8 | - | - | - |
| SLV | $60.91 | 21.10 | 24.1 | $41.00 | Neutral | 1.01 |
Dark Pool Activity
- DIX (Dark Index): 0.467
- DIX Signal: Moderate buying
- GEX (Gamma Exposure): 2.48B
Credit Conditions
- HY OAS Spread: 2.80% (Normal)
- BBB Spread: 0.94%
- 2s10s Spread: 0.42% (Flat-ish)
Market Breadth
- Stocks Above 50-Day SMA: 56.6%
- Stocks Above 200-Day SMA: 61.0%
- Breadth Signal: Strong Bullish
- Total Stocks Analyzed: 498
- Mag 7 Concentration: 30.9%
- Top 10 Concentration: 41.2%
Sector Breadth
| Sector | % > 50d SMA | Stocks |
|---|---|---|
| Real Estate | 77.8% | 0/0 |
| Consumer Staples | 70.6% | 0/0 |
| Industrials | 64.2% | 0/0 |
| Financials | 62.7% | 0/0 |
| Technology | 58.5% | 0/0 |
| Consumer Discretionary | 57.6% | 0/0 |
| Health Care | 57.4% | 0/0 |
| Materials | 45.8% | 0/0 |
| Communication Services | 35.0% | 0/0 |
| Energy | 31.6% | 0/0 |
| Utilities | 26.7% | 0/0 |
Energy & Commodities
- Energy Regime: ELEVATED
- WTI Crude: $86.37 (5d: -4.6%)
- Brent Crude: $89.14 | Spread: $2.77
- RBOB Gasoline: $3.0100/gal
- Heating Oil: $3.4600/gal
- 3-2-1 Crack Spread: $46.35/bbl (Very wide)
- XLE (Energy Sector): $57.12
- UNG (Nat Gas): $11.16
Correlations
| Pair | 20d Corr | Signal |
|---|---|---|
| SPY / VIX | -0.848 | normal |
| SPY / DXY | -0.72 | stretched |
| SPY / TNX | -0.816 | extreme |
| SPY / Oil | -0.318 | elevated |
Volatility & Options
- Volatility Regime: Contango (Normal)
- MOVE Index (Bond Vol): 69.45
- VIX/MOVE Ratio: 0.28 (Equity Vol Elevated vs Rates)
- 0DTE Call Volume: 5,435,718.0
- 0DTE Put Volume: 5,571,552.0
- 0DTE Put/Call Ratio: 1.02 (Balanced 0DTE Flow)
- 0DTE Notional Dollar Volume: $812.1B
- Gamma Call Wall: $739 | Put Wall: $730 (Spot: $738.18)
CTA Trend Stack
- SMA Stack Score: 3/4 above
- Position: Above 50,100,200d SMA(s) Β· below 20d
Positioning & Sentiment
- CFTC E-mini Specs Net: -220,768 contracts (Z -1.95, as of 2026-06-02)
- AAII Bull-Bear Spread: -17.3% (as of 2026-06-10)
- Squeeze Setup: none (1/4 triggers Β· CFTC specs Z -1.95Ο (extreme short))
Macro Fundamentals
- 10Y Yield: 4.46%
- Yield Curve (10Y-3M): 0.84 (Normal)
- DXY: 99.69
- Growth vs Value: 0.97
- Fed Funds Rate: 3.50-3.75% | Next FOMC: 2026-07-29
- Rate Probabilities: Hold 84.0% | Cut 11.0%
Inflation Expectations
- 5Y Breakeven: 2.44% (Near Target)
- 10Y Breakeven: 2.34%
- 5Y5Y Forward: 2.24%
- Stagflation Risk Score: 27/100
Fed & Global Liquidity
- Fed Balance Sheet (WALCL): $6725.4B
- Treasury General Account (TGA): $828.1B
- Reverse Repo (RRP): $0.5B
- US Net Liquidity (WALCL - TGA - RRP): $5,897B
- Liquidity Regime: Adequate
- ECB Balance Sheet: ~$7,108B
- BOJ Balance Sheet: ~$4,158B
- Global Net Liquidity: $17,163B
- BTC-USD (Liquidity Proxy): $63,346 (Neutral)
Active Alerts
- [WARNING] SPY near gamma wall β expect increased resistance/support and potential pinning at key strike.
- [INFO] Full bullish alignment: DIX 0.467, GEX +2.5B, HY OAS 2.80%, breadth 57%.
- [WARNING] SKEW at 143 β elevated tail-risk hedging activity.
- [WARNING] 10Y real yield at 2.20% β restrictive monetary conditions weighing on growth assets.
- [WARNING] 3-2-1 crack spread at $46.35/bbl β refining margins extremely elevated, consumer fuel price pressure.
- [WARNING] Oil spike alert: USO at $128.83 β potential geopolitical disruption or supply shock.
- [INFO] SPY (733.00) reclaimed ZGL (730.97) β volatility dampening resumes.
- [WARNING] Regime shifted from CAUTIOUS to RISK-ON.
- [WARNING] Pack size threshold breach (refresh #2): max=146330B avg=100454B
- [WARNING] SPY (729.59) dropped below ZGL (736.82) β expect amplified downside moves.
Seasonality
- Current Month: June
- Average Return: +0.15%
- Median Return: +0.46%
- Hit Rate: 55%
- Signal: Historically Neutral
Today's Events
Economic Releases:
- Initial Jobless Claims: 229 vs Est. 220 (BEAT) | Prev: 225
- PPI(MoM)(May): 1.1% vs Est. 0.7% (BEAT) | Prev: 1.1%
- Continuing Jobless Claims: 1,795 vs Est. 1,780 (BEAT) | Prev: 1,771
- Core PPI(MoM)(May): 0.4% vs Est. 0.5% (MISS) | Prev: 0.7%
Upcoming Calendar (30 Days)
Economic Releases:
- Industrial Production: 2026-06-15
- Retail Sales: 2026-06-17
- Philadelphia Fed Mfg Index: 2026-06-23
- Gross Domestic Product (GDP): 2026-06-25
- Employment Situation (Payrolls): 2026-07-02
Earnings & EPS Estimates:
- JPM (2026-07-14): EPS Est. $5.39 (β0.1% vs 30d)
- GS (2026-07-14): EPS Est. $13.74 (β4.7% vs 30d)
- TSLA (2026-07-22): EPS Est. $0.45 (β0.4% vs 30d)
- GOOGL (2026-07-23): EPS Est. $2.87 (β0.2% vs 30d)
- MSFT (2026-07-29): EPS Est. $4.24 (β0.6% vs 30d)
- META (2026-07-29): EPS Est. $7.20 (β0.4% vs 30d)
- AAPL (2026-07-30): EPS Est. $1.90 (β0.0% vs 30d)
- AMZN (2026-07-30): EPS Est. $1.82 (β0.1% vs 30d)
- WMT (2026-08-20): EPS Est. $0.74 (β0.5% vs 30d)
- NVDA (2026-08-26): EPS Est. $2.08 (β6.5% vs 30d)
FX News Wire
No new articles found since last report.
Iran War News
No new Iran International updates since last report.
Hormuz Strait Status
Strait of Hormuz Dashboard:
- Strait Status: CLOSED (since 2026-06-11, 0 days ago)
- Ships Transiting: 2 of 60 normal daily β 3.3% of normal
- Throughput: 3.0% of normal (0.3M / 10.3M DWT)
- Stranded Vessels: 287
- Oil Prices: Brent $97.46 (+0.17%)
- War Risk Insurance: EXTREME β 40.0x normal
- Tanker Rates: WS380 (+660% vs pre-crisis)
- Global Impact: 21% of world oil supply at risk; est. $8.5 billion/day economic cost