Finance Analyst Report: 2026-08-18 15:10:56 ET

Signal Alignment

SPY Direction: SPY -1.1% (3d) | Alignment: 25% (2 aligned, 6 divergent) Status: STRONG DIVERGENCE — Strong divergence — structural signals broadly disagree with price

Category	Signal Says	vs SPY	Key Driver
Dark Pool	🔴 BEARISH	✓ ALIGNED	DIX 0.475 moderate, 0DTE PCR 1.33 put-heavy
Gamma	🟢 BULLISH	✗ DIVERGENT	GEX +6.8B strong suppression
Breadth	🟢 BULLISH	✗ DIVERGENT	Breadth 64% — broad participation supports rally
Energy	🟢 BULLISH	✗ DIVERGENT	Energy STABLE — no macro headwind from oil
growth_expectations	🔴 BEARISH	✓ ALIGNED	Copper/Gold -4.7% growth pessimism · real yield 2.41% restrictive
Correlations	⚪ NEUTRAL	—	SPY/VIX -0.57 elevated, SPY/DXY -0.16 normal, SPY/TNX -0.40 elevated, SPY/Oil -0.67 stretched
Volatility	⚪ NEUTRAL	—	VIX 15.6 sub-20 in contango · SKEW 143 firm · VVIX/VIX 5.97 dealer stress
Inflation	🟢 BULLISH	✗ DIVERGENT	Stagflation score 18 — low inflation risk
carry_risk	🟢 BULLISH	✗ DIVERGENT	USD/JPY 5d +0.2% stable, MOVE 76 calm
Liquidity	⚪ NEUTRAL	—	Liquidity Adequate, cut prob 11% — hawkish lean but no BS drain
Credit	🟢 BULLISH	✗ DIVERGENT	HY OAS 2.67% benign, NFCI -0.549 loose

Divergence read: Strong divergence — gamma, breadth, and energy flash bullish as SPY falls. 6 of 8 signals refuse to confirm the decline — reversal risk if structure holds.

Market Status

Regime: RISK-ON | Score: 84/100 (Favorable) | Signal-price divergence detected: 6 signals disagree with SPY's 5d trend.

Leading indicators show DIX stable at 0.475; GEX positive at 6.8B (vol-suppressing); breadth rising to 64% (participation broadening). Lagging confirmation: VIX at 15.6 (low-fear environment); seasonal pattern historically neutral.

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: $767.82 | 50 SMA $749.24 | 200 SMA $705.88 | +0.0% from 50d | ZGL $747.97
QQQ: $717.52 | 50 SMA $712.74 | 200 SMA $651.10 | +0.0% from 50d | ZGL $695.91
IWM: $300.46 | 50 SMA $295.34 | 200 SMA $268.83 | +0.0% from 50d | ZGL $277.5
VIX: 15.63 — sub-20 (low vol)
10Y Yield: 4.706%

Equity & Derivatives Board

Ticker	Price	RSI(14)	IVR	ZGL	γ-Sent	PCR
SPY	$767.82	70.94	52.4	$747.97	Bearish	1.72
QQQ	$717.52	73.88	57.7	$695.91	Bearish	2.29
IWM	$300.46	65.18	26.7	$277.50	Bearish	1.67

Macro Board

Ticker	Price	RSI(14)	IVR	ZGL	γ-Sent	PCR
VIX	15.63	37.78	46.1	$11.05	Neutral	1.49
TNX	47.06	61.72	39.1	-	-	-
GLD	$399.44	78.92	27.5	$379.29	Neutral	0.75
DXY	99.66	22.59	32.2	-	-	-
SLV	$57.61	77.89	11.2	$41.00	Bearish	0.41

Dark Pool Activity

DIX (Dark Index): 0.475
DIX Signal: Moderate buying
GEX (Gamma Exposure): 6.8B

Credit Conditions

HY OAS Spread: 2.67% (Normal)
BBB Spread: 0.99%
2s10s Spread: 0.53% (Healthy slope)

Market Breadth

Stocks Above 50-Day SMA: 64.4%
Stocks Above 200-Day SMA: 71.7%
Breadth Signal: Strong Bullish
Total Stocks Analyzed: 376
Mag 7 Concentration: 31.5%
Top 10 Concentration: 41.0%

Sector Breadth

Sector	% > 50d SMA	Stocks
Energy	100.0%	0/0
Health Care	81.0%	0/0
Communication Services	78.6%	0/0
Financials	77.4%	0/0
Consumer Staples	73.1%	0/0
Materials	64.7%	0/0
Industrials	60.5%	0/0
Consumer Discretionary	54.5%	0/0
Technology	52.6%	0/0
Utilities	36.4%	0/0
Real Estate	28.6%	0/0

Energy & Commodities

Energy Regime: STABLE
WTI Crude: $84.08 (5d: +1.0%)
Brent Crude: $91.00 | Spread: $6.92
RBOB Gasoline: $3.0100/gal
Heating Oil: $4.3200/gal
3-2-1 Crack Spread: $60.68/bbl (Very wide)
XLE (Energy Sector): $63.58
UNG (Nat Gas): $10.07

Correlations

Pair	20d Corr	Signal
SPY / VIX	-0.566	elevated
SPY / DXY	-0.157	normal
SPY / TNX	-0.404	elevated
SPY / Oil	-0.665	stretched

Volatility & Options

Volatility Regime: Contango (Normal)
MOVE Index (Bond Vol): 75.63
VIX/MOVE Ratio: 0.21 (Normal Relationship)
0DTE Call Volume: 2,506,824.0
0DTE Put Volume: 3,346,376.0
0DTE Put/Call Ratio: 1.33 (Heavy 0DTE Put Buying (Hedging))
0DTE Notional Dollar Volume: $449.4B
Gamma Call Wall: $775 | Put Wall: $765 (Spot: $767.82)

CTA Trend Stack

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

Positioning & Sentiment

CFTC E-mini Specs Net: +11,280 contracts (Z +2.32, as of 2026-08-11)
AAII Bull-Bear Spread: -3.2% (as of 2026-08-12)
Squeeze Setup: none (0/4 triggers · no triggers active)
Fragility Flags: Air Pocket elevated · Re-entry none

Macro Fundamentals

10Y Yield: 4.71%
Yield Curve (10Y-3M): 1.00 (Normal)
DXY: 99.66
Growth vs Value: 0.93
Fed Funds Rate: 3.50-3.75% | Next FOMC: 2026-09-16
Rate Probabilities: Hold 84.0% | Cut 11.0%

Inflation Expectations

5Y Breakeven: 2.25% (Near Target)
10Y Breakeven: 2.28%
5Y5Y Forward: 2.31%
Stagflation Risk Score: 18/100

Fed & Global Liquidity

Fed Balance Sheet (WALCL): $6760.0B
Treasury General Account (TGA): $964.0B
Reverse Repo (RRP): $0.3B
US Net Liquidity (WALCL - TGA - RRP): $5,796B
Liquidity Regime: Adequate
ECB Balance Sheet: ~$6,859B
BOJ Balance Sheet: ~$4,040B
Global Net Liquidity: $16,695B
BTC-USD (Liquidity Proxy): $64,846 (Neutral)

Active Alerts

[WARNING] SPY near gamma wall — expect increased resistance/support and potential pinning at key strike.
[INFO] Full bullish alignment: DIX 0.475, GEX +6.8B, HY OAS 2.67%, breadth 64%.
[WARNING] SKEW at 143 — elevated tail-risk hedging activity.
[WARNING] Signal-price divergence: 6/9 signals disagree with SPY's bearish trend — structural repricing risk elevated.
[WARNING] Key correlation regime break detected — normal market relationships are shifting, increased unpredictability.
[WARNING] CTA SMA stack now 4.0/4 — systematic trend trigger fired. Above all 4 SMAs (full-stack long).
[INFO] SPY (768.37) reclaimed ZGL (747.98) — volatility dampening resumes.
[WARNING] SPY (768.15) dropped below ZGL (772.77) — expect amplified downside moves.
[INFO] Breadth crossed above 50% (64% >50d SMA) — participation broadening, bullish reversal signal.
[WARNING] Regime shifted from RISK-OFF to RISK-ON.

Seasonality

Current Month: August
Average Return: +0.37%
Median Return: +1.41%
Hit Rate: 65%
Signal: Historically Neutral

Today's Events

Economic Releases:

Industrial Production: ⏳ Pending

Upcoming Calendar (30 Days)

Economic Releases:

Gross Domestic Product (GDP): 2026-08-26

Earnings & EPS Estimates:

WMT (2026-08-20): EPS Est. $0.74 (↓0.2% vs 30d)
NVDA (2026-08-26): EPS Est. $2.08 (↑0.3% vs 30d)
JPM (2026-10-13): EPS Est. $5.91 (↑2.7% vs 30d)
GS (2026-10-13): EPS Est. $16.43 (↑16.6% vs 30d)
TSLA (2026-10-21): EPS Est. $0.45 (↓17.4% vs 30d)
MSFT (2026-10-28): EPS Est. $4.71 (↑2.0% vs 30d)
GOOGL (2026-10-28): EPS Est. $3.00 (↑0.1% vs 30d)
META (2026-10-28): EPS Est. $6.75 (↓4.3% vs 30d)
AAPL (2026-10-29): EPS Est. $1.98 (↓2.0% vs 30d)
AMZN (2026-10-29): EPS Est. $1.95 (↑2.1% vs 30d)

FX News Wire

No new articles found since last report.

Iran War News

Updates (3):

[1] Trump shares photo of late Lindsey Graham in 'Make Iran Great Again' hat Time: 2026-08-18T18:55:49.122Z

[2] US offers up to $10 million for information on Iranian hackers Time: 2026-08-18T18:37:56.469Z

[3] Iran security chief mocks Trump's Hormuz claim as 'too far from reality' Time: 2026-08-18T18:30:40.596Z

Hormuz Strait Status

Strait of Hormuz Dashboard:

Strait Status: CLOSED (since 2026-02-28, 171 days ago)
Ships Transiting: 1 of 60 normal daily — 1.7% of normal
Throughput: 14.6% of normal (1.5M / 10.3M DWT)
Stranded Vessels: 449
Oil Prices: Brent $93.26 (+0.56%)
War Risk Insurance: EXTREME — 50.0x normal
Tanker Rates: WS280 (+460% vs pre-crisis)
Global Impact: 21% of world oil supply at risk; est. $8.5 billion/day economic cost