Finance Analyst Report: 2026-09-03 20:02:05 ET
Signal Alignment
SPY Direction: SPY +1.4% (3d) | Alignment: 80% (4 aligned, 1 divergent) Status: MIXED β Mixed β no clear signal consensus
| Category | Signal Says | vs SPY | Key Driver |
|---|---|---|---|
| Dark Pool | βͺ NEUTRAL | β | DIX 0.465 moderate, 0DTE PCR 0.96 balanced |
| Gamma | π’ BULLISH | β ALIGNED | GEX +6.1B strong suppression |
| Breadth | βͺ NEUTRAL | β | Breadth 52% β mixed participation |
| Energy | π΄ BEARISH | β DIVERGENT | Energy RISING β oil climbing, margin pressure building |
| growth_expectations | βͺ NEUTRAL | β | Copper/Gold -1.4% neutral Β· real yield 2.44% restrictive |
| Correlations | π’ BULLISH | β ALIGNED | SPY/VIX -0.76 normal, SPY/DXY -0.33 normal, SPY/TNX -0.41 elevated, SPY/Oil -0.42 elevated |
| Volatility | βͺ NEUTRAL | β | VIX 14.3 sub-20 in contango Β· SKEW 151 high Β· VVIX/VIX 5.85 dealer stress |
| Inflation | π’ BULLISH | β ALIGNED | Stagflation score 23 β low inflation risk |
| carry_risk | βͺ NEUTRAL | β | USD/JPY 5d -2.2% yen strengthening, MOVE 75 calm |
| Liquidity | βͺ NEUTRAL | β | Liquidity Adequate |
| Credit | π’ BULLISH | β ALIGNED | HY OAS 2.66% moderate, NFCI -0.558 loose |
Divergence read: Risk-on regime with gamma, correlations, and inflation leaning bullish, but energy haven't signed on yet β rally is concentrated, watch for broadening.
Market Status
Regime: RISK-ON | Score: 76/100 (Favorable) |
Leading indicators show energy RISING (WTI at $92, watch for margin compression); DIX stable at 0.465; GEX positive at 6.1B (vol-suppressing). Lagging confirmation: VIX at 14.3 (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: $772.47 | 50 SMA $755.34 | 200 SMA $711.13 | +0.0% from 50d | ZGL $762.8
- QQQ: $716.67 | 50 SMA $710.89 | 200 SMA $656.59 | +0.0% from 50d | ZGL $709.78
- IWM: $294.89 | 50 SMA $297.10 | 200 SMA $272.08 | -0.0% from 50d | ZGL $296.34
- VIX: 14.32 β sub-20 (low vol)
- 10Y Yield: 4.762%
Equity & Derivatives Board
| Ticker | Price | RSI(14) | IVR | ZGL | Ξ³-Sent | PCR |
|---|---|---|---|---|---|---|
| SPY | $772.47 | 35.61 | 11.3 | $762.80 | Neutral | 0.63 |
| QQQ | $716.67 | 31.38 | 21.4 | $709.78 | Neutral | 0.53 |
| IWM | $294.89 | 34.88 | 10.9 | $296.34 | Bearish | 2.04 |
Macro Board
| Ticker | Price | RSI(14) | IVR | ZGL | Ξ³-Sent | PCR |
|---|---|---|---|---|---|---|
| VIX | 14.32 | 52.82 | 20.0 | $11.05 | Neutral | 1.35 |
| TNX | 47.62 | 65.66 | 23.2 | - | - | - |
| GLD | $410.31 | 52.30 | 42.3 | $399.34 | Bearish | 0.49 |
| DXY | 99.00 | 39.87 | 39.4 | - | - | - |
| SLV | $60.57 | 52.59 | 14.0 | $57.29 | Bearish | 0.38 |
Dark Pool Activity
- DIX (Dark Index): 0.465
- DIX Signal: Moderate buying
- GEX (Gamma Exposure): 6.06B
Credit Conditions
- HY OAS Spread: 2.66% (Normal)
- BBB Spread: 0.99%
- 2s10s Spread: 0.43% (Flat-ish)
Market Breadth
- Stocks Above 50-Day SMA: 51.7%
- Stocks Above 200-Day SMA: 68.3%
- Breadth Signal: Strong Bullish
- Total Stocks Analyzed: 495
- Mag 7 Concentration: 32.5%
- Top 10 Concentration: 41.9%
Sector Breadth
| Sector | % > 50d SMA | Stocks |
|---|---|---|
| Energy | 94.7% | 0/0 |
| Health Care | 79.6% | 0/0 |
| Communication Services | 78.9% | 0/0 |
| Financials | 69.1% | 0/0 |
| Materials | 62.5% | 0/0 |
| Technology | 56.9% | 0/0 |
| Consumer Discretionary | 45.8% | 0/0 |
| Consumer Staples | 42.4% | 0/0 |
| Real Estate | 23.1% | 0/0 |
| Industrials | 19.4% | 0/0 |
| Utilities | 10.0% | 0/0 |
Energy & Commodities
- Energy Regime: RISING
- WTI Crude: $91.67 (5d: +9.9%)
- Brent Crude: $95.82 | Spread: $4.15
- RBOB Gasoline: $3.1600/gal
- Heating Oil: $4.6000/gal
- 3-2-1 Crack Spread: $61.21/bbl (Very wide)
- XLE (Energy Sector): $64.62
- UNG (Nat Gas): $10.49
Correlations
| Pair | 20d Corr | Signal |
|---|---|---|
| SPY / VIX | -0.761 | normal |
| SPY / DXY | -0.333 | normal |
| SPY / TNX | -0.407 | elevated |
| SPY / Oil | -0.417 | elevated |
Volatility & Options
- Volatility Regime: Contango (Normal)
- MOVE Index (Bond Vol): 74.68
- VIX/MOVE Ratio: 0.19 (Normal Relationship)
- 0DTE Call Volume: 4,226,930.0
- 0DTE Put Volume: 4,048,764.0
- 0DTE Put/Call Ratio: 0.96 (Balanced 0DTE Flow)
- 0DTE Notional Dollar Volume: $639.9B
- Gamma Call Wall: $775 | Put Wall: $765 (Spot: $772.47)
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: -67,994 contracts (Z +0.86, as of 2026-08-25)
- AAII Bull-Bear Spread: +2.1% (as of 2026-09-02)
- Squeeze Setup: none (0/4 triggers Β· no triggers active)
- Fragility Flags: Air Pocket elevated Β· Re-entry none
Macro Fundamentals
- 10Y Yield: 4.76%
- Yield Curve (10Y-3M): 1.02 (Normal)
- DXY: 99.00
- Growth vs Value: 0.93
- Fed Funds Rate: 3.50-3.75% | Next FOMC: 2026-09-16
- Rate Probabilities: Hold N/A | Cut N/A
Inflation Expectations
- 5Y Breakeven: 2.35% (Near Target)
- 10Y Breakeven: 2.34%
- 5Y5Y Forward: 2.33%
- Stagflation Risk Score: 23/100
Fed & Global Liquidity
- Fed Balance Sheet (WALCL): $6737.2B
- Treasury General Account (TGA): $967.9B
- Reverse Repo (RRP): $0.7B
- US Net Liquidity (WALCL - TGA - RRP): $5,779B
- Liquidity Regime: Adequate
- ECB Balance Sheet: ~$6,885B
- BOJ Balance Sheet: ~$4,150B
- Global Net Liquidity: $16,814B
- BTC-USD (Liquidity Proxy): $81,233 (Risk-on)
Active Alerts
- [WARNING] SPY near gamma wall β expect increased resistance/support and potential pinning at key strike.
- [WARNING] Oil spike alert: USO at $142.09 (vs 20d avg 129.58, +2.1Ο), floor $75.00 β potential geopolitical disruption or supply shock.
- [INFO] Full bullish alignment: DIX 0.465, GEX +6.1B, HY OAS 2.66%, breadth 52%.
- [WARNING] SKEW at 151 β elevated tail-risk hedging activity.
- [INFO] Screener: 2 fresh PRIMED high-conviction name(s) for 2026-09-03 β PK (conviction 73/100, breakout_pullback, calibrated oversold_sympathy hit-rate 51% (n=5373)); ODFL (conviction 62/100, range_noise, calibrated pair_divergence hit-rate 48% (n=816)). Calibrated setups only; decision-support, not advice.
- [INFO] Screener: NTNX β promotion-ready (93d on list, HIGH conviction 66/100, regime post_earnings_digestion, calibrated positioning_extreme hit-rate 38% (n=47)).
- [INFO] Screener: GAP β promotion-ready (42d on list, HIGH conviction 66/100, regime post_earnings_digestion, calibrated positioning_extreme hit-rate 38% (n=47)).
- [INFO] Screener: DOCU β promotion-ready (42d on list, HIGH conviction 63/100, regime post_earnings_digestion, calibrated positioning_extreme hit-rate 38% (n=47)).
- [INFO] Screener: ODFL β new HIGH-conviction candidate (conviction 62/100, regime range_noise, calibrated oversold_sympathy hit-rate 51% (n=5373)). Worth a look.
- [INFO] Screener: ELV β promotion-ready (10d on list, HIGH conviction 66/100, regime breakout_pullback, calibrated precatalyst_coiling hit-rate 51% (n=2634)).
Seasonality
- Current Month: September
- Average Return: -0.48%
- Median Return: +0.69%
- Hit Rate: 60%
- Signal: Historically Neutral
Today's Events
Economic Releases:
- Gross Domestic Product (GDP): 32486.066 | Prev: 31865.721
Upcoming Calendar (30 Days)
Economic Releases:
- Employment Situation (Payrolls): 2026-09-04
- Producer Price Index (PPI): 2026-09-10
- Consumer Price Index (CPI): 2026-09-11
- Retail Sales: 2026-09-16
- Industrial Production: 2026-09-18
- Philadelphia Fed Mfg Index: 2026-09-22
- Gross Domestic Product (GDP): 2026-09-30
- Employment Situation (Payrolls): 2026-10-02
Earnings & EPS Estimates:
- JPM (2026-10-13): EPS Est. $5.91 (β2.7% vs 30d)
- GS (2026-10-13): EPS Est. $16.43 (β16.6% vs 30d)
- TSLA (2026-10-21): EPS Est. $0.45 (β0.9% vs 30d)
- MSFT (2026-10-28): EPS Est. $4.72 (β2.3% vs 30d)
- GOOGL (2026-10-28): EPS Est. $3.01 (β0.2% vs 30d)
- META (2026-10-28): EPS Est. $6.53 (β7.3% vs 30d)
- AAPL (2026-10-29): EPS Est. $1.98 (β0.1% vs 30d)
- AMZN (2026-10-29): EPS Est. $1.95 (β0.1% vs 30d)
- NVDA (2026-11-17): EPS Est. $2.47 (β5.3% vs 30d)
- WMT (2026-11-19): EPS Est. $0.64 (β7.0% vs 30d)
FX News Wire
Unread articles (8):
[1] RBNZ's Hansen: Future policy moves hinge on trends across broad economic data sets URL: https://www.fxstreet.com/news/rbnzs-hansen-future-policy-moves-hinge-on-trends-across-broad-economic-data-sets-202609032344 Published: Thu, 03 Sep 2026 23:44:45 GMT
[2] Gold rebounds above $4,450 as Waller tempers Fed rate hike bets ahead US jobs data URL: https://www.fxstreet.com/news/gold-rebounds-above-4-450-as-waller-tempers-fed-rate-hike-bets-ahead-us-jobs-data-202609032336 Published: Thu, 03 Sep 2026 23:36:51 GMT
[3] Japan Overall Household Spending (YoY) below forecasts (-1.6%) in July: Actual (-3.6%) URL: https://www.fxstreet.com/news/japan-overall-household-spending-yoy-below-forecasts-16-in-july-actual-36-202609032330 Published: Thu, 03 Sep 2026 23:30:02 GMT
[4] South Korea Current Account Balance declined to 42.08B in July from previous 49.73B URL: https://www.fxstreet.com/news/south-korea-current-account-balance-declined-to-4208b-in-july-from-previous-4973b-202609032307 Published: Thu, 03 Sep 2026 23:07:32 GMT
[5] GBP/JPY Price Forecast: Intervention shock exposes 210.00 URL: https://www.fxstreet.com/news/gbp-jpy-price-forecast-intervention-shock-exposes-21000-202609032301 Published: Thu, 03 Sep 2026 23:01:56 GMT
[6] The Australian Dollar thanks Waller's comments, which sink the USD URL: https://www.fxstreet.com/news/the-australian-dollar-thanks-wallers-comments-which-sink-the-usd-202609032243 Published: Thu, 03 Sep 2026 22:43:32 GMT
[7] New Zealand's Kiwi gets most of Wednesday back without earning it URL: https://www.fxstreet.com/news/new-zealands-kiwi-gets-most-of-wednesday-back-without-earning-it-202609032223 Published: Thu, 03 Sep 2026 22:23:48 GMT
[8] Chinese Yuan: Underheld positions unwind with reflation risks - BNY URL: https://www.fxstreet.com/news/chinese-yuan-underheld-positions-unwind-with-reflation-risks-bny-202609032222 Published: Thu, 03 Sep 2026 22:22:00 GMT
Iran War News
Updates (3):
[1] Huckabee says Iran may need another 'kick' - Jerusalem Post Time: 2026-09-03T23:43:38.167Z
[2] Iran oil minister says industry continues to bypass US blockade Time: 2026-09-03T22:29:26.493Z
[3] South Korea prepares Hormuz military deployment - Reuters Time: 2026-09-03T22:14:16.975Z
Hormuz Strait Status
Strait of Hormuz Dashboard:
- Strait Status: CLOSED (since 2026-02-28, 187 days ago)
- Ships Transiting: 8 of 60 normal daily β 9.4% of normal
- Throughput: 9.4% of normal (1.0M / 10.3M DWT)
- Stranded Vessels: 180
- Oil Prices: Brent $96.02 (+6.99%)
- War Risk Insurance: EXTREME β 60.0x normal
- Tanker Rates: WS150 (+200% vs pre-crisis)
- Global Impact: 21% of world oil supply at risk; est. $2.1 billion/day economic cost