Finance Analyst Report: 2026-06-12 11:33:26 ET
Signal Alignment
SPY Direction: SPY +2.8% (3d) | Alignment: 100% (7 aligned, 0 divergent) Status: STRONG ALIGNMENT β Strong alignment β structural signals confirm price direction
| Category | Signal Says | vs SPY | Key Driver |
|---|---|---|---|
| Dark Pool | π’ BULLISH | β ALIGNED | DIX 0.432 moderate, 0DTE PCR 0.77 call-heavy |
| Gamma | π’ BULLISH | β ALIGNED | GEX +4.5B strong suppression |
| Credit | π’ BULLISH | β ALIGNED | HY OAS 2.80% moderate, NFCI -0.506 loose |
| Breadth | π’ BULLISH | β ALIGNED | Breadth 62% β broad participation supports rally |
| Energy | π’ BULLISH | β ALIGNED | Energy STABLE β no macro headwind from oil |
| growth_expectations | βͺ NEUTRAL | β | Copper/Gold +11.1% growth optimism Β· real yield 2.21% restrictive |
| news_sentiment | βͺ NEUTRAL | β | AI news sentiment unavailable |
| Correlations | βͺ NEUTRAL | β | SPY/VIX -0.85 normal, SPY/DXY -0.73 stretched, SPY/TNX -0.78 stretched, SPY/Oil -0.34 elevated |
| Volatility | βͺ NEUTRAL | β | VIX 18.7 sub-20 in contango Β· SKEW 143 firm Β· VVIX/VIX 5.22 dealer stress |
| Inflation | π’ BULLISH | β ALIGNED | Stagflation score 24 β low inflation risk |
| carry_risk | π’ BULLISH | β ALIGNED | USD/JPY 5d -0.1% stable, MOVE 69 calm |
| Liquidity | βͺ NEUTRAL | β | Liquidity Adequate, cut prob 11% β hawkish lean but no BS drain |
Divergence read: Structural signals confirm the rally β dark pool, gamma, and credit align with SPY's uptrend (100% of directional signals in agreement).
Market Status
Regime: TRANSITIONAL | Score: 85/100 (Favorable, with caution) | Score reads 85 (Favorable) but regime is TRANSITIONAL β DIX below threshold (0.432) keeps full risk-on classification at bay.
Leading indicators show DIX stable at 0.432; GEX positive at 4.5B (vol-suppressing); breadth rising to 62% (participation broadening). Lagging confirmation: VIX at 18.7 (low-fear environment); seasonal pattern historically neutral.
What Changed
- No signal changes detected.
Key Levels
- SPY: $743.03 | 50 SMA $721.07 | 200 SMA $685.82 | +0.0% from 50d | ZGL $724.78
- QQQ: $722.43 | 50 SMA $679.07 | 200 SMA $624.64 | +0.1% from 50d | ZGL $713.36
- IWM: $294.83 | 50 SMA $277.39 | 200 SMA $256.56 | +0.1% from 50d | ZGL $283.83
- VIX: 18.67 β sub-20 (low vol)
- 10Y Yield: 4.481%
Equity & Derivatives Board
| Ticker | Price | RSI(14) | IVR | ZGL | Ξ³-Sent | PCR |
|---|---|---|---|---|---|---|
| SPY | $743.03 | 46.58 | 65.0 | $724.78 | Neutral | 0.70 |
| QQQ | $722.43 | 50.99 | 100.0 | $713.36 | Neutral | 0.58 |
| IWM | $294.83 | 58.09 | 91.5 | $283.83 | Neutral | 0.68 |
Macro Board
| Ticker | Price | RSI(14) | IVR | ZGL | Ξ³-Sent | PCR |
|---|---|---|---|---|---|---|
| VIX | 18.67 | 57.23 | 82.3 | $10.53 | Neutral | 1.18 |
| TNX | 44.81 | 35.25 | 67.7 | - | - | - |
| GLD | $387.26 | 31.30 | 36.5 | $300.00 | Neutral | 1.15 |
| DXY | 99.70 | 58.19 | 15.6 | - | - | - |
| SLV | $61.16 | 30.01 | 27.4 | $49.14 | Neutral | 0.83 |
Dark Pool Activity
- DIX (Dark Index): 0.432
- DIX Signal: Neutral
- GEX (Gamma Exposure): 4.47B
Credit Conditions
- HY OAS Spread: 2.80% (Normal)
- BBB Spread: 0.94%
- 2s10s Spread: 0.40% (Flat-ish)
Market Breadth
- Stocks Above 50-Day SMA: 62.3%
- Stocks Above 200-Day SMA: 62.0%
- Breadth Signal: Strong Bullish
- Total Stocks Analyzed: 499
- Mag 7 Concentration: 30.8%
- Top 10 Concentration: 41.0%
Sector Breadth
| Sector | % > 50d SMA | Stocks |
|---|---|---|
| Real Estate | 85.7% | 0/0 |
| Financials | 74.6% | 0/0 |
| Industrials | 70.1% | 0/0 |
| Consumer Staples | 67.6% | 0/0 |
| Technology | 60.0% | 0/0 |
| Health Care | 59.3% | 0/0 |
| Consumer Discretionary | 59.3% | 0/0 |
| Materials | 54.2% | 0/0 |
| Communication Services | 45.0% | 0/0 |
| Utilities | 40.0% | 0/0 |
| Energy | 36.8% | 0/0 |
Energy & Commodities
- Energy Regime: STABLE
- WTI Crude: $84.35 (5d: -7.6%)
- Brent Crude: $87.01 | Spread: $2.66
- RBOB Gasoline: $2.9600/gal
- Heating Oil: $3.3600/gal
- 3-2-1 Crack Spread: $45.57/bbl (Very wide)
- XLE (Energy Sector): $57.97
- UNG (Nat Gas): $11.29
Correlations
| Pair | 20d Corr | Signal |
|---|---|---|
| SPY / VIX | -0.846 | normal |
| SPY / DXY | -0.729 | stretched |
| SPY / TNX | -0.78 | stretched |
| SPY / Oil | -0.341 | elevated |
Volatility & Options
- Volatility Regime: Contango (Normal)
- MOVE Index (Bond Vol): 69.45
- VIX/MOVE Ratio: 0.27 (Equity Vol Elevated vs Rates)
- 0DTE Call Volume: 2,365,028.0
- 0DTE Put Volume: 1,814,530.0
- 0DTE Put/Call Ratio: 0.77 (Balanced 0DTE Flow)
- 0DTE Notional Dollar Volume: $310.6B
- Gamma Call Wall: $750 | Put Wall: $733 (Spot: $743.03)
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: 4.48%
- Yield Curve (10Y-3M): 0.86 (Normal)
- DXY: 99.70
- 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: 2.40% (Near Target)
- 10Y Breakeven: 2.29%
- 5Y5Y Forward: 2.18%
- Stagflation Risk Score: 24/100
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: ~$7,106B
- BOJ Balance Sheet: ~$4,147B
- Global Net Liquidity: $17,149B
- BTC-USD (Liquidity Proxy): $64,252 (Neutral)
Active Alerts
- [WARNING] SKEW at 143 β elevated tail-risk hedging activity.
- [WARNING] 10Y real yield at 2.21% β restrictive monetary conditions weighing on growth assets.
- [WARNING] 3-2-1 crack spread at $45.57/bbl β refining margins extremely elevated, consumer fuel price pressure.
- [WARNING] Oil spike alert: USO at $125.88 β potential geopolitical disruption or supply shock.
- [WARNING] Pack size threshold breach: max=159186B > 102400B, avg=103519B >= 61440B. escalate to Option B (sibling table + zlib compression).
- [WARNING] DIX dropped below 0.45 to 0.432 β institutional buying support fading.
- [WARNING] Regime shifted from RISK-ON to TRANSITIONAL.
- [INFO] SPY (733.00) reclaimed ZGL (730.97) β volatility dampening resumes.
- [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: +0.18%
- Median Return: +0.46%
- Hit Rate: 55%
- Signal: Historically Neutral
Today's Events
Economic Releases:
- Michigan 1-Year Inflation Expectations(Jun): 4.6% vs Est. 4.9% (MISS) | Prev: 4.8%
- Michigan 5-Year Inflation Expectations(Jun): 3.4% vs Est. 3.8% (MISS) | Prev: 3.9%
- Michigan Consumer Expectations(Jun): 49.3 vs Est. 44.3 (BEAT) | Prev: 44.1
- Michigan Consumer Sentiment(Jun): 48.9 vs Est. 46.1 (BEAT) | Prev: 44.8
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 (β0.0% vs 30d)
- GOOGL (2026-07-23): EPS Est. $2.87 (β0.2% vs 30d)
- MSFT (2026-07-29): EPS Est. $4.24 (β0.0% 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
Unread articles (5):
[1] British Pound: Steady against US Dollar before key BoE and data - Scotiabank URL: https://www.fxstreet.com/news/british-pound-steady-against-us-dollar-before-key-boe-and-data-scotiabank-202606121503 Published: Fri, 12 Jun 2026 15:03:04 Z
[2] Euro supported by hawkish ECB rhetoric as British Pound struggles after weak GDP URL: https://www.fxstreet.com/news/euro-supported-by-hawkish-ecb-rhetoric-as-british-pound-struggles-after-weak-gdp-202606121454 Published: Fri, 12 Jun 2026 14:54:36 Z
[3] CEE FX: Risk-on bounce but policy still key - ING URL: https://www.fxstreet.com/news/cee-fx-risk-on-bounce-but-policy-still-key-ing-202606121447 Published: Fri, 12 Jun 2026 14:47:45 Z
[4] Gold pauses recovery as traders await clarity on US-Iran peace deal URL: https://www.fxstreet.com/news/gold-holds-near-4-200-as-traders-weigh-us-iran-deal-prospects-202606121211 Published: Fri, 12 Jun 2026 14:39:27 Z
[5] Canadian Dollar: Overbought Dollar holds near 1.40 ceiling - Scotiabank URL: https://www.fxstreet.com/news/canadian-dollar-overbought-dollar-holds-near-140-ceiling-scotiabank-202606121433 Published: Fri, 12 Jun 2026 14:33:13 Z
Iran War News
No new Iran International updates since last report.
Hormuz Strait Status
Hormuz Strait: no change since last report.
Strait of Hormuz Dashboard:
- Strait Status: CLOSED (since 2026-02-28, 104 days ago)
- Ships Transiting: 4 of 60 normal daily β 3.3% of normal
- Throughput: 4.0% of normal (0.4M / 10.3M DWT)
- Stranded Vessels: 287
- Oil Prices: Brent $97.46 (+0.17%)
- War Risk Insurance: EXTREME β 26.7x normal
- Tanker Rates: WS180 (+260% vs pre-crisis)
- Global Impact: 21% of world oil supply at risk; est. $2.8 billion/day economic cost