Finance Analyst Report: 2026-07-30 11:37:09 ET

Signal Alignment

SPY Direction: SPY -0.7% (3d) | Alignment: 12% (1 aligned, 7 divergent) Status: STRONG DIVERGENCE — Strong divergence — structural signals broadly disagree with price

Category	Signal Says	vs SPY	Key Driver
Dark Pool	🔴 BEARISH	✓ ALIGNED	DIX 0.425 moderate, 0DTE PCR 1.13 put-heavy
Gamma	🟢 BULLISH	✗ DIVERGENT	GEX +6.2B strong suppression
Breadth	🟢 BULLISH	✗ DIVERGENT	Breadth 64% — broad participation supports rally
Energy	🟢 BULLISH	✗ DIVERGENT	Energy STABLE — no macro headwind from oil
growth_expectations	⚪ NEUTRAL	—	Copper/Gold +6.2% growth optimism · real yield 2.41% restrictive
Correlations	🟢 BULLISH	✗ DIVERGENT	SPY/VIX -0.95 normal, SPY/DXY -0.24 normal, SPY/TNX -0.24 elevated, SPY/Oil -0.57 stretched
Volatility	⚪ NEUTRAL	—	VIX 18.8 sub-20 in contango · SKEW 140 normal · VVIX/VIX 5.32 dealer stress
Inflation	🟢 BULLISH	✗ DIVERGENT	Stagflation score 17 — low inflation risk
carry_risk	🟢 BULLISH	✗ DIVERGENT	USD/JPY 5d -1.1% stable, MOVE 74 calm
Liquidity	⚪ NEUTRAL	—	Liquidity Adequate, cut prob 11% — hawkish lean but no BS drain
Credit	🟢 BULLISH	✗ DIVERGENT	HY OAS 2.84% moderate, NFCI -0.554 loose

Divergence read: Strong divergence — gamma, breadth, and energy flash bullish as SPY falls. 7 of 8 signals refuse to confirm the decline — reversal risk if structure holds.

Market Status

Regime: TRANSITIONAL | Score: 85/100 (Favorable, with caution) | Score reads 85 (Favorable) but regime is TRANSITIONAL — 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); breadth falling to 64% (participation narrowing). Lagging confirmation: VIX at 18.8 (low-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: $736.23 | 50 SMA $744.66 | 200 SMA $699.52 | -0.0% from 50d | ZGL $735.95
QQQ: $679.77 | 50 SMA $715.81 | 200 SMA $644.14 | -0.1% from 50d | ZGL $668.69
IWM: $290.17 | 50 SMA $291.79 | 200 SMA $265.35 | -0.0% from 50d | ZGL $290.96
VIX: 18.82 — sub-20 (low vol)
10Y Yield: 4.671%

Equity & Derivatives Board

Ticker	Price	RSI(14)	IVR	ZGL	γ-Sent	PCR
SPY	$736.23	30.74	36.5	$735.95	Bearish	1.96
QQQ	$679.77	21.82	52.1	$668.69	Neutral	0.95
IWM	$290.17	33.40	8.3	$290.96	Bearish	4.77

Macro Board

Ticker	Price	RSI(14)	IVR	ZGL	γ-Sent	PCR
VIX	18.82	66.24	44.2	$10.51	Neutral	0.67
TNX	46.71	58.92	20.4	-	-	-
GLD	$375.94	43.79	24.3	$368.40	Bearish	0.32
DXY	100.09	37.75	37.1	-	-	-
SLV	$52.83	41.11	13.2	$40.03	Neutral	0.54

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: 64.5%
Stocks Above 200-Day SMA: 69.3%
Breadth Signal: Strong Bullish
Total Stocks Analyzed: 493
Mag 7 Concentration: 31.2%
Top 10 Concentration: 41.0%

Sector Breadth

Sector	% > 50d SMA	Stocks
Financials	85.1%	0/0
Health Care	83.3%	0/0
Real Estate	81.5%	0/0
Consumer Staples	73.5%	0/0
Industrials	58.2%	0/0
Energy	57.9%	0/0
Consumer Discretionary	55.2%	0/0
Communication Services	55.0%	0/0
Materials	54.2%	0/0
Utilities	51.7%	0/0
Technology	48.4%	0/0

Energy & Commodities

Energy Regime: STABLE
WTI Crude: $84.20 (5d: -5.7%)
Brent Crude: $89.75 | Spread: $5.55
RBOB Gasoline: $3.1400/gal
Heating Oil: $4.1300/gal
3-2-1 Crack Spread: $61.54/bbl (Very wide)
XLE (Energy Sector): $58.30
UNG (Nat Gas): $10.07

Correlations

Pair	20d Corr	Signal
SPY / VIX	-0.949	normal
SPY / DXY	-0.238	normal
SPY / TNX	-0.236	elevated
SPY / Oil	-0.573	stretched

Volatility & Options

Volatility Regime: Contango (Normal)
MOVE Index (Bond Vol): 74.18
VIX/MOVE Ratio: 0.26 (Equity Vol Elevated vs Rates)
0DTE Call Volume: 1,790,088.0
0DTE Put Volume: 2,022,224.0
0DTE Put/Call Ratio: 1.13 (Balanced 0DTE Flow)
0DTE Notional Dollar Volume: $280.6B
Gamma Call Wall: $750 | Put Wall: $733 (Spot: $736.23)

CTA Trend Stack

SMA Stack Score: 2/4 above
Position: Above 100,200d SMA(s) · 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: -11.1% (as of 2026-07-29)
Squeeze Setup: none (0/4 triggers · no triggers active)
Fragility Flags: Air Pocket watch · Re-entry none

Macro Fundamentals

10Y Yield: 4.67%
Yield Curve (10Y-3M): 1.01 (Normal)
DXY: 100.09
Growth vs Value: 0.92
Fed Funds Rate: 3.50-3.75% | Next FOMC: 2026-09-16
Rate Probabilities: Hold 84.0% | Cut 11.0%

Inflation Expectations

5Y Breakeven: 2.24% (Near Target)
10Y Breakeven: 2.26%
5Y5Y Forward: 2.28%
Stagflation Risk Score: 17/100

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): $64,709 (Neutral)

Active Alerts

[WARNING] SPY near gamma wall — expect increased resistance/support and potential pinning at key strike.
[WARNING] Key correlation regime break detected — normal market relationships are shifting, increased unpredictability.
[INFO] SPY (736.23) reclaimed ZGL (735.95) — volatility dampening resumes.
[WARNING] SPY (735.71) dropped below ZGL (735.95) — expect amplified downside moves.
[INFO] Screener: SMG — new HIGH-conviction candidate (conviction 70/100, regime breakout_pullback, calibrated failed_breakout hit-rate 52% (n=3955)). Worth a look.
[INFO] Screener: RVTY — new HIGH-conviction candidate (conviction 67/100, regime breakout_pullback, calibrated distribution_top hit-rate 48% (n=1184)). Worth a look.
[INFO] Screener: BG — new HIGH-conviction candidate (conviction 68/100, regime post_earnings_digestion, calibrated oversold_sympathy hit-rate 49% (n=2317)). Worth a look.
[INFO] Screener: RYN — new HIGH-conviction candidate (conviction 70/100, regime range_noise, calibrated failed_breakout hit-rate 52% (n=3955)). Worth a look.
[INFO] Screener: WING — new HIGH-conviction candidate (conviction 70/100, regime range_noise, calibrated oversold_sympathy hit-rate 49% (n=2317)). Worth a look.
[INFO] Screener: RBA — new HIGH-conviction candidate (conviction 60/100, regime breakout_pullback, calibrated failed_breakout hit-rate 52% (n=3955)). Worth a look.

Seasonality

Current Month: July
Average Return: +2.46%
Median Return: +2.28%
Hit Rate: 75%
Signal: Historically Bullish

Today's Events

Economic Releases:

Gross Domestic Product (GDP): 31865.721 | Prev: 31422.526

Earnings:

AAPL: EPS Est. $1.89 (↓0.2% vs 30d)
AMZN: EPS Est. $1.82 (↑0.5% vs 30d)

Upcoming Calendar (30 Days)

Economic Releases:

Employment Situation (Payrolls): 2026-08-07
Producer Price Index (PPI): 2026-08-13
Retail Sales: 2026-08-14
Philadelphia Fed Mfg Index: 2026-08-25
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)
MSFT (2026-10-28): EPS Est. $4.61 (↓0.3% vs 30d)
GOOGL (2026-10-28): EPS Est. $3.00 (↑0.0% vs 30d)
META (2026-10-28): EPS Est. $7.05 (↑0.0% 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

Hormuz Strait: no change since last report.

Strait of Hormuz Dashboard:

Strait Status: CLOSED (since 2026-02-28, 152 days ago)
Ships Transiting: 10 of 60 normal daily — 16.7% of normal
Throughput: 10.0% of normal (1.0M / 10.3M DWT)
Stranded Vessels: 335
Oil Prices: Brent $91.82 (-8.46%)
War Risk Insurance: EXTREME — 50.0x normal
Tanker Rates: WS140 (+180% vs pre-crisis)
Global Impact: 21% of world oil supply at risk; est. $2.8 billion/day economic cost