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2026-W31

Finance Analyst Report: 2026-07-30 02:01:11 ET

Signal Alignment

SPY Direction: SPY -1.5% (3d) | Alignment: 22% (2 aligned, 7 divergent) Status: STRONG DIVERGENCE β€” Strong divergence β€” structural signals broadly disagree with price

Category Signal Says vs SPY Key Driver
Dark Pool πŸ”΄ BEARISH βœ“ ALIGNED DIX 0.425 moderate, 0DTE PCR 1.33 put-heavy
Gamma 🟒 BULLISH βœ— DIVERGENT GEX +6.2B strong suppression
Breadth 🟒 BULLISH βœ— DIVERGENT Breadth 67% β€” broad participation supports rally
Energy 🟒 BULLISH βœ— DIVERGENT Energy FALLING β€” oil decline, mild equity tailwind
growth_expectations βšͺ NEUTRAL β€” Copper/Gold +3.6% growth optimism Β· real yield 2.44% restrictive
Correlations 🟒 BULLISH βœ— DIVERGENT SPY/VIX -0.94 normal, SPY/DXY -0.09 normal, SPY/TNX -0.34 elevated, SPY/Oil -0.57 stretched
Volatility πŸ”΄ BEARISH βœ“ ALIGNED VIX 20.7 moderate Β· SKEW 140 normal Β· VVIX/VIX 5.30 dealer stress
Inflation 🟒 BULLISH βœ— DIVERGENT Stagflation score 13 β€” low inflation risk
carry_risk 🟒 BULLISH βœ— DIVERGENT USD/JPY 5d +0.2% stable, MOVE 74 calm
Liquidity βšͺ NEUTRAL β€” Liquidity Adequate
Credit 🟒 BULLISH βœ— DIVERGENT HY OAS 2.84% moderate, NFCI -0.554 loose

Divergence read: Strong divergence β€” gamma, breadth, and energy flash bullish as SPY falls. 7 of 9 signals refuse to confirm the decline β€” reversal risk if structure holds.

Market Status

Regime: TRANSITIONAL | Score: 76/100 (Favorable, with caution) | Score reads 76 (Favorable) but regime is TRANSITIONAL β€” DIX below threshold (0.425) keeps full risk-on classification at bay. Signal-price divergence detected: 7 signals disagree with SPY's 5d trend.

Leading indicators show DIX stable at 0.425; GEX positive at 6.2B (vol-suppressing). Lagging confirmation: VIX at 20.7 (elevated-fear environment); seasonal pattern historically bullish.

Screener Action Board

  • Screener Action Board not available this cycle.

Track Record

  • AI brief hit rate not available this cycle.
  • Screener board record not available this cycle.

What Changed

  • No signal changes detected.

Key Levels

  • SPY: $729.70 | 50 SMA $744.86 | 200 SMA $699.23 | -0.0% from 50d | ZGL $743.91
  • QQQ: $661.50 | 50 SMA $716.75 | 200 SMA $643.88 | -0.1% from 50d | ZGL $677.65
  • IWM: $288.15 | 50 SMA $291.57 | 200 SMA $265.13 | -0.0% from 50d | ZGL $294.63
  • VIX: 20.66 β€” 20-30 (elevated)
  • 10Y Yield: 4.622%

Equity & Derivatives Board

Ticker Price RSI(14) IVR ZGL Ξ³-Sent PCR
SPY $729.70 45.69 37.5 $743.91 Bearish 7.18
QQQ $661.50 33.24 56.9 $677.65 Bearish 7.92
IWM $288.15 49.78 0.0 $294.63 Bearish 11.86

Macro Board

Ticker Price RSI(14) IVR ZGL Ξ³-Sent PCR
VIX 20.66 54.87 39.7 $11.16 Neutral 0.58
TNX 46.22 53.67 20.6 - - -
GLD $373.16 45.71 25.2 $371.77 Neutral 0.89
DXY 100.84 48.28 19.9 - - -
SLV $52.46 46.12 13.3 $38.38 Neutral 0.69

Dark Pool Activity

  • DIX (Dark Index): 0.425
  • DIX Signal: Neutral
  • GEX (Gamma Exposure): 6.18B

Credit Conditions

  • HY OAS Spread: 2.84% (Normal)
  • BBB Spread: 1.00%
  • 2s10s Spread: 0.45% (Flat-ish)

Market Breadth

  • Stocks Above 50-Day SMA: 66.9%
  • Stocks Above 200-Day SMA: 69.8%
  • Breadth Signal: Strong Bullish
  • Total Stocks Analyzed: 498
  • Mag 7 Concentration: 30.9%
  • Top 10 Concentration: 40.8%

Sector Breadth

Sector % > 50d SMA Stocks
Health Care 88.9% 0/0
Real Estate 85.7% 0/0
Financials 83.6% 0/0
Consumer Staples 82.4% 0/0
Consumer Discretionary 69.5% 0/0
Communication Services 65.0% 0/0
Energy 63.2% 0/0
Industrials 56.7% 0/0
Materials 54.2% 0/0
Utilities 46.7% 0/0
Technology 44.6% 0/0

Energy & Commodities

  • Energy Regime: FALLING
  • WTI Crude: $84.60 (5d: -8.2%)
  • Brent Crude: $90.54 | Spread: $5.94
  • RBOB Gasoline: $3.2200/gal
  • Heating Oil: $4.2300/gal
  • 3-2-1 Crack Spread: $64.78/bbl (Very wide)
  • XLE (Energy Sector): $58.65
  • UNG (Nat Gas): $9.93

Correlations

Pair 20d Corr Signal
SPY / VIX -0.945 normal
SPY / DXY -0.093 normal
SPY / TNX -0.34 elevated
SPY / Oil -0.57 stretched

Volatility & Options

  • Volatility Regime: Contango (Normal)
  • MOVE Index (Bond Vol): 74.18
  • VIX/MOVE Ratio: 0.28 (Equity Vol Elevated vs Rates)
  • 0DTE Call Volume: 3,322,143.0
  • 0DTE Put Volume: 4,415,300.0
  • 0DTE Put/Call Ratio: 1.33 (Heavy 0DTE Put Buying (Hedging))
  • 0DTE Notional Dollar Volume: $564.4B
  • Gamma Call Wall: $755 | Put Wall: $730 (Spot: $729.70)

CTA Trend Stack

  • SMA Stack Score: 2/4 above
  • Position: Above 100,200d SMA(s) Β· below 20,50d

Positioning & Sentiment

  • CFTC E-mini Specs Net: -16,784 contracts (Z +2.24, as of 2026-07-21)
  • AAII Bull-Bear Spread: -12.7% (as of 2026-07-22)
  • Squeeze Setup: none (0/4 triggers Β· no triggers active)
  • Fragility Flags: Air Pocket watch Β· Re-entry none

Macro Fundamentals

  • 10Y Yield: 4.62%
  • Yield Curve (10Y-3M): 0.96 (Normal)
  • DXY: 100.84
  • Growth vs Value: 0.91
  • Fed Funds Rate: N/A | Next FOMC: 2026-07-29
  • Rate Probabilities: Hold N/A | Cut N/A

Inflation Expectations

  • 5Y Breakeven: 2.16% (Near Target)
  • 10Y Breakeven: 2.20%
  • 5Y5Y Forward: 2.24%
  • Stagflation Risk Score: 13/100

Fed & Global Liquidity

  • Fed Balance Sheet (WALCL): $6747.4B
  • Treasury General Account (TGA): $829.6B
  • Reverse Repo (RRP): $2.6B
  • US Net Liquidity (WALCL - TGA - RRP): $5,915B
  • Liquidity Regime: Adequate
  • ECB Balance Sheet: ~$6,809B
  • BOJ Balance Sheet: ~$3,915B
  • Global Net Liquidity: $16,639B
  • BTC-USD (Liquidity Proxy): $63,939 (Neutral)

Active Alerts

  • [WARNING] SPY near gamma wall β€” expect increased resistance/support and potential pinning at key strike.
  • [WARNING] Key correlation regime break detected β€” normal market relationships are shifting, increased unpredictability.
  • [WARNING] Data integrity: hormuz_oil_brent_price has printed the same value (86.99) for 6 consecutive trading days β€” publish cadence is intraday (~1 trading day(s); freeze bar 5). The feed may be frozen: downstream lenses, grading, and analogues are consuming a stale copy.
  • [WARNING] Data integrity: sma_stack_score has printed the same value (2) for 5 consecutive trading days β€” publish cadence is intraday (~1 trading day(s); freeze bar 5). The feed may be frozen: downstream lenses, grading, and analogues are consuming a stale copy.
  • [WARNING] Pack size threshold breach: max=159186B > 102400B, avg=117887B >= 61440B. escalate to Option B (sibling table + zlib compression).
  • [WARNING] Regime shifted from RISK-OFF to TRANSITIONAL.
  • [INFO] Screener: UDR β€” new HIGH-conviction candidate (conviction 76/100, regime post_earnings_digestion, calibrated pead_drift hit-rate 44% (n=61)). Worth a look.
  • [WARNING] SPY (740.08) dropped below ZGL (741.49) β€” expect amplified downside moves.
  • [INFO] SPY (741.61) reclaimed ZGL (741.44) β€” volatility dampening resumes.
  • [WARNING] Pack size threshold breach (refresh #2): max=159186B avg=117887B

Seasonality

  • Current Month: July
  • Average Return: +2.42%
  • Median Return: +2.28%
  • Hit Rate: 75%
  • Signal: Historically Bullish

Today's Events

Economic Releases:

  • Philadelphia Fed Mfg Index: 23155.2000000000 | Prev: 23055.6000000000

Earnings:

  • AAPL: EPS Est. $1.89 (↓0.2% vs 30d)
  • AMZN: EPS Est. $1.82 (↑0.3% vs 30d)

Upcoming Calendar (30 Days)

Economic Releases:

  • Gross Domestic Product (GDP): 2026-07-30
  • Consumer Price Index (CPI): 2026-08-12
  • Gross Domestic Product (GDP): 2026-08-26

Earnings & EPS Estimates:

  • WMT (2026-08-20): EPS Est. $0.74 (↓0.1% vs 30d)
  • NVDA (2026-08-26): EPS Est. $2.08 (↑0.1% vs 30d)
  • JPM (2026-10-13): EPS Est. $5.90 (↑8.4% vs 30d)
  • GS (2026-10-13): EPS Est. $16.47 (↑17.4% vs 30d)
  • TSLA (2026-10-21): EPS Est. $0.46 (↓15.6% vs 30d)
  • GOOGL (2026-10-28): EPS Est. $3.00 (↑0.0% vs 30d)

FX News Wire

Unread articles (26):

[1] Sweden Retail Sales (MoM) rose from previous -0.2% to 1% in June URL: https://www.fxstreet.com/news/sweden-retail-sales-mom-rose-from-previous-02-to-1-in-june-202607300600 Published: Thu, 30 Jul 2026 06:00:05 GMT

[2] Sweden Retail Sales (YoY) declined to 6.6% in June from previous 8% URL: https://www.fxstreet.com/news/sweden-retail-sales-yoy-declined-to-66-in-june-from-previous-8-202607300600 Published: Thu, 30 Jul 2026 06:00:05 GMT

[3] Denmark Unemployment Rate: 2.7% (June) URL: https://www.fxstreet.com/news/denmark-unemployment-rate-27-june-202607300600 Published: Thu, 30 Jul 2026 06:00:04 GMT

[4] EUR/USD Price Forecast: A bullish comeback seems underway URL: https://www.fxstreet.com/news/eur-usd-price-forecast-a-bullish-comeback-seems-underway-202607300555 Published: Thu, 30 Jul 2026 05:55:15 GMT

[5] Iran conflict continues URL: https://www.fxstreet.com/analysis/iran-conflict-continues-202607300551 Published: Thu, 30 Jul 2026 05:51:59 GMT

[6] British Pound declines as Fed hawkish rate holds boost US Dollar, BoE rate decision looms URL: https://www.fxstreet.com/news/british-pound-declines-as-fed-hawkish-rate-holds-boost-us-dollar-boe-rate-decision-looms-202607300538 Published: Thu, 30 Jul 2026 05:38:05 GMT

[7] Indian Rupee edges up despite surging US Treasury Yields URL: https://www.fxstreet.com/news/indian-rupee-edges-up-despite-surging-us-treasury-yields-202607300536 Published: Thu, 30 Jul 2026 05:36:20 GMT

[8] France Gross Domestic Product (QoQ) in line with forecasts (0.2%) in 2Q URL: https://www.fxstreet.com/news/france-gross-domestic-product-qoq-in-line-with-forecasts-02-in-2q-202607300530 Published: Thu, 30 Jul 2026 05:30:01 GMT

[9] France Consumer Spending (MoM) came in at 0.4%, above forecasts (-0.1%) in June URL: https://www.fxstreet.com/news/france-consumer-spending-mom-came-in-at-04-above-forecasts-01-in-june-202607300530 Published: Thu, 30 Jul 2026 05:30:00 GMT

[10] Indonesian Rupiah holds ground as Bank Indonesia intensifies efforts to stabilize markets URL: https://www.fxstreet.com/news/indonesian-rupiah-holds-ground-as-bank-indonesia-intensifies-efforts-to-stabilize-markets-202607300526 Published: Thu, 30 Jul 2026 05:26:44 GMT

[11] Pi Network Price Forecast: Pi rebounds as Mainnet upgrade announcement fuels recovery hopes URL: https://www.fxstreet.com/cryptocurrencies/news/pi-network-price-forecast-pi-rebounds-as-mainnet-upgrade-announcement-fuels-recovery-hopes-202607300524 Published: Thu, 30 Jul 2026 05:24:04 GMT

[12] Gold reassesses policy credibility as markets validate the Fed's message URL: https://www.fxstreet.com/analysis/gold-reassesses-policy-credibility-as-markets-validate-the-feds-message-202607300521 Published: Thu, 30 Jul 2026 05:21:19 GMT

[13] British Pound drifts lower vs Japanese Yen as bulls look to BoE and BoJ policy updates URL: https://www.fxstreet.com/news/british-pound-drifts-lower-vs-japanese-yen-as-bulls-look-to-boe-and-boj-policy-updates-202607300515 Published: Thu, 30 Jul 2026 05:15:50 GMT

[14] Saudi Arabia Gold price today: Gold falls, according to FXStreet data URL: https://www.fxstreet.com/news/saudi-arabia-gold-price-today-gold-falls-according-to-fxstreet-data-202607300505 Published: Thu, 30 Jul 2026 05:05:31 GMT

[15] Philippines Gold price today: Gold falls, according to FXStreet data URL: https://www.fxstreet.com/news/philippines-gold-price-today-gold-falls-according-to-fxstreet-data-202607300501 Published: Thu, 30 Jul 2026 05:01:05 GMT

[16] Japan Consumer Confidence Index came in at 34.9, above forecasts (34.2) in July URL: https://www.fxstreet.com/news/japan-consumer-confidence-index-came-in-at-349-above-forecasts-342-in-july-202607300500 Published: Thu, 30 Jul 2026 05:00:15 GMT

[17] Morning briefing: The Dollar Index fell sharply despite the fact that the Fed kept rates unchanged URL: https://www.fxstreet.com/analysis/morning-briefing-the-dollar-index-fell-sharply-despite-the-fact-that-the-fed-kept-rates-unchanged-202607300457 Published: Thu, 30 Jul 2026 04:57:11 GMT

[18] Cryptocurrencies Price Prediction: Ripple, Bitcoin & Ethereum - Asian Wrap 30 July URL: https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-price-prediction-ripple-bitcoin-ethereum-asian-wrap-30-july-202607300456 Published: Thu, 30 Jul 2026 04:56:33 GMT

[19] United Arab Emirates Gold price today: Gold falls, according to FXStreet data URL: https://www.fxstreet.com/news/united-arab-emirates-gold-price-today-gold-falls-according-to-fxstreet-data-202607300455 Published: Thu, 30 Jul 2026 04:55:13 GMT

[20] Australian Dollar weakens against Japanese Yen as chances of RBA rate hikes fall URL: https://www.fxstreet.com/news/australian-dollar-weakens-against-japanese-yen-as-chances-of-rba-rate-hikes-fall-202607300445 Published: Thu, 30 Jul 2026 04:45:16 GMT

[21] Pakistan Gold price today: Gold falls, according to FXStreet data URL: https://www.fxstreet.com/news/pakistan-gold-price-today-gold-falls-according-to-fxstreet-data-202607300445 Published: Thu, 30 Jul 2026 04:45:05 GMT

[22] Swiss Franc erodes part of Wednesday's gains to one-week top amid reviving USD demand URL: https://www.fxstreet.com/news/swiss-franc-erodes-part-of-wednesdays-gains-to-one-week-top-amid-reviving-usd-demand-202607300436 Published: Thu, 30 Jul 2026 04:36:21 GMT

[23] India Gold price today: Gold falls, according to FXStreet data URL: https://www.fxstreet.com/news/india-gold-price-today-gold-falls-according-to-fxstreet-data-202607300435 Published: Thu, 30 Jul 2026 04:35:12 GMT

[24] Malaysia Gold price today: Gold falls, according to FXStreet data URL: https://www.fxstreet.com/news/malaysia-gold-price-today-gold-falls-according-to-fxstreet-data-202607300431 Published: Thu, 30 Jul 2026 04:31:18 GMT

[25] Ripple and Stellar outlook: Mixed signals leave XRP and XLM at crossroads URL: https://www.fxstreet.com/cryptocurrencies/news/ripple-and-stellar-outlook-mixed-signals-leave-xrp-and-xlm-at-crossroads-202607300402 Published: Thu, 30 Jul 2026 04:02:34 GMT

[26] EUR/JPY Price Forecast: Trades near 187.00 after pulling back from ascending channel top URL: https://www.fxstreet.com/news/eur-jpy-price-forecast-trades-near-18700-after-pulling-back-from-ascending-channel-top-202607300401 Published: Thu, 30 Jul 2026 04:01:54 GMT

Iran War News

Updates (4):

[1] IRGC threatens countries aiding US, says Hormuz will remain closed Time: 2026-07-30T05:29:55.766Z

[2] Jordan says military foils attempted attack on its territory Time: 2026-07-30T04:49:13.171Z

[3] Three killed in US strike in Iran's Qeshm island, officials say Time: 2026-07-30T04:46:42.835Z

[4] Small extremist faction clouding public debate in Iran, MP says Time: 2026-07-30T04:26:27.097Z

Hormuz Strait Status

Strait of Hormuz Dashboard:

  • Strait Status: CLOSED (since 2026-02-28, 152 days ago)
  • Ships Transiting: 10 of 60 normal daily β€” 16.7% of normal
  • Throughput: 16.7% of normal (1.7M / 10.3M DWT)
  • Stranded Vessels: 335
  • Oil Prices: Brent $86.99 (+2.33%)
  • War Risk Insurance: EXTREME β€” 58.3x normal
  • Tanker Rates: WS285 (+470% vs pre-crisis)
  • Global Impact: 21% of world oil supply at risk; est. $3.2 billion/day economic cost