Finance Analyst Report: 2026-09-09 10:07:44 ET
Signal Alignment
SPY Direction: SPY -0.8% (3d) | Alignment: 25% (1 aligned, 3 divergent) Status: MIXED β Mixed β no clear signal consensus
| Category | Signal Says | vs SPY | Key Driver |
|---|---|---|---|
| Dark Pool | π΄ BEARISH | β ALIGNED | DIX 0.485 moderate, 0DTE PCR 1.18 put-heavy |
| Gamma | π’ BULLISH | β DIVERGENT | GEX +6.0B strong suppression |
| Breadth | βͺ NEUTRAL | β | Breadth 41% β mixed participation |
| Energy | βͺ NEUTRAL | β | Energy ELEVATED β watch for transmission but not yet bearish |
| growth_expectations | βͺ NEUTRAL | β | Copper/Gold +3.4% growth optimism Β· real yield 2.43% restrictive |
| Correlations | π’ BULLISH | β DIVERGENT | SPY/VIX -0.81 normal, SPY/DXY -0.29 normal, SPY/TNX -0.45 elevated, SPY/Oil -0.51 stretched |
| Volatility | βͺ NEUTRAL | β | VIX 16.0 sub-20 in contango Β· SKEW 149 firm Β· VVIX/VIX 5.72 dealer stress |
| Inflation | βͺ NEUTRAL | β | Stagflation score 26 β moderate, watching |
| carry_risk | βͺ NEUTRAL | β | USD/JPY 5d -3.5% yen strengthening, MOVE 76 calm |
| Liquidity | βͺ NEUTRAL | β | Liquidity Adequate |
| Credit | π’ BULLISH | β DIVERGENT | HY OAS 2.68% moderate, NFCI -0.558 loose |
Divergence read: Cautious regime but gamma, correlations, and credit are turning bullish β if dark pool confirm, this becomes a legitimate lean.
Market Status
Regime: CAUTIOUS | Score: 70/100 (Mixed) |
Leading indicators show DIX stable at 0.485; GEX positive at 6.0B (vol-suppressing); breadth falling to 41% (participation narrowing). Lagging confirmation: VIX at 16.0 (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: $763.95 | 50 SMA $757.60 | 200 SMA $712.68 | +0.0% from 50d | ZGL $767.37
- QQQ: $719.36 | 50 SMA $711.32 | 200 SMA $658.32 | +0.0% from 50d | ZGL $595.0
- IWM: $292.93 | 50 SMA $296.91 | 200 SMA $272.99 | -0.0% from 50d | ZGL $240.0
- VIX: 16.03 β sub-20 (low vol)
- 10Y Yield: 4.800%
Equity & Derivatives Board
| Ticker | Price | RSI(14) | IVR | ZGL | Ξ³-Sent | PCR |
|---|---|---|---|---|---|---|
| SPY | $763.95 | 48.48 | 15.7 | $767.37 | Bearish | 1.99 |
| QQQ | $719.36 | 50.74 | 18.0 | $595.00 | Neutral | 0.92 |
| IWM | $292.93 | 40.17 | 6.1 | $240.00 | Bearish | 2.94 |
Macro Board
| Ticker | Price | RSI(14) | IVR | ZGL | Ξ³-Sent | PCR |
|---|---|---|---|---|---|---|
| VIX | 16.03 | 54.38 | 21.5 | $11.07 | Neutral | 1.09 |
| TNX | 48.00 | 60.59 | 21.8 | - | - | - |
| GLD | $405.46 | 50.67 | 37.1 | $402.13 | Neutral | 0.56 |
| DXY | 98.66 | 47.31 | 35.7 | - | - | - |
| SLV | $61.37 | 55.77 | 11.1 | $59.53 | Bearish | 0.49 |
Dark Pool Activity
- DIX (Dark Index): 0.485
- DIX Signal: Strong buying
- GEX (Gamma Exposure): 5.96B
Credit Conditions
- HY OAS Spread: 2.68% (Normal)
- BBB Spread: 0.99%
- 2s10s Spread: 0.41% (Flat-ish)
Market Breadth
- Stocks Above 50-Day SMA: 40.9%
- Stocks Above 200-Day SMA: 60.5%
- Breadth Signal: Moderately Bullish
- Total Stocks Analyzed: 494
- Mag 7 Concentration: 32.3%
- Top 10 Concentration: 41.7%
Sector Breadth
| Sector | % > 50d SMA | Stocks |
|---|---|---|
| Energy | 100.0% | 0/0 |
| Communication Services | 63.2% | 0/0 |
| Technology | 58.5% | 0/0 |
| Health Care | 56.6% | 0/0 |
| Financials | 46.3% | 0/0 |
| Materials | 45.8% | 0/0 |
| Consumer Discretionary | 30.5% | 0/0 |
| Consumer Staples | 23.5% | 0/0 |
| Real Estate | 19.2% | 0/0 |
| Industrials | 17.9% | 0/0 |
| Utilities | 13.3% | 0/0 |
Energy & Commodities
- Energy Regime: ELEVATED
- WTI Crude: $95.86 (5d: +5.3%)
- Brent Crude: $100.77 | Spread: $4.91
- RBOB Gasoline: $3.0400/gal
- Heating Oil: $4.7100/gal
- 3-2-1 Crack Spread: $55.20/bbl (Very wide)
- XLE (Energy Sector): $65.49
- UNG (Nat Gas): $10.20
Correlations
| Pair | 20d Corr | Signal |
|---|---|---|
| SPY / VIX | -0.805 | normal |
| SPY / DXY | -0.292 | normal |
| SPY / TNX | -0.451 | elevated |
| SPY / Oil | -0.506 | stretched |
Volatility & Options
- Volatility Regime: Contango (Normal)
- MOVE Index (Bond Vol): 76.14
- VIX/MOVE Ratio: 0.21 (Normal Relationship)
- 0DTE Call Volume: 369,106.0
- 0DTE Put Volume: 435,017.0
- 0DTE Put/Call Ratio: 1.18 (Balanced 0DTE Flow)
- 0DTE Notional Dollar Volume: $61.4B
- Gamma Call Wall: $770 | Put Wall: $760 (Spot: $763.95)
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: -75,941 contracts (Z +0.70, as of 2026-09-01)
- 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: 4.80%
- Yield Curve (10Y-3M): 1.00 (Normal)
- DXY: 98.66
- Growth vs Value: 0.94
- Fed Funds Rate: 3.50-3.75% | Next FOMC: 2026-09-16
- Rate Probabilities: Hold N/A | Cut N/A
Inflation Expectations
- 5Y Breakeven: 2.40% (Near Target)
- 10Y Breakeven: 2.37%
- 5Y5Y Forward: 2.34%
- Stagflation Risk Score: 26/100
Fed & Global Liquidity
- Fed Balance Sheet (WALCL): $6737.2B
- Treasury General Account (TGA): $967.9B
- Reverse Repo (RRP): $0.6B
- US Net Liquidity (WALCL - TGA - RRP): $5,769B
- Liquidity Regime: Adequate
- ECB Balance Sheet: ~$6,878B
- BOJ Balance Sheet: ~$4,197B
- Global Net Liquidity: $16,844B
- BTC-USD (Liquidity Proxy): $79,601 (Neutral)
Active Alerts
- [WARNING] Key correlation regime break detected β normal market relationships are shifting, increased unpredictability.
- [CRITICAL] WTI crude at $95.86 β energy shock territory, stagflation risk rising.
- [INFO] DIX at 0.485 β strong dark pool buying activity.
- [WARNING] USD/JPY 5d RoC at -3.5% β yen strengthening, carry unwind pressure building.
- [WARNING] Oil spike alert: USO at $148.47 (vs 20d avg 132.95, +2.5Ο), floor $75.00 β potential geopolitical disruption or supply shock.
- [WARNING] SKEW at 149 β elevated tail-risk hedging activity.
- [WARNING] SPY (763.95) dropped below ZGL (767.37) β expect amplified downside moves.
- [INFO] SPY (763.64) reclaimed ZGL (755.82) β volatility dampening resumes.
- [WARNING] CTA SMA stack now 4.0/4 β systematic trend trigger fired. Above all 4 SMAs (full-stack long).
- [WARNING] Data integrity: nfci is STALE (~294h old vs an expected max of ~193h) and it feeds the drawdown-risk lens and/or the health score β those surfaces are running on stale input.
Seasonality
- Current Month: September
- Average Return: -0.54%
- Median Return: +0.30%
- Hit Rate: 55%
- Signal: Historically Neutral
Today's Events
Economic Releases:
- Employment Situation (Payrolls): β³ Pending
Upcoming Calendar (30 Days)
Economic Releases:
- 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
Earnings & EPS Estimates:
- JPM (2026-10-13): EPS Est. $5.91 (β0.1% vs 30d)
- GS (2026-10-13): EPS Est. $16.43 (β16.6% vs 30d)
- TSLA (2026-10-21): EPS Est. $0.45 (β0.5% vs 30d)
- MSFT (2026-10-28): EPS Est. $4.72 (β0.1% vs 30d)
- GOOGL (2026-10-28): EPS Est. $3.01 (β0.2% vs 30d)
- META (2026-10-28): EPS Est. $6.53 (β3.4% vs 30d)
- AAPL (2026-10-29): EPS Est. $1.98 (β0.1% vs 30d)
- AMZN (2026-10-29): EPS Est. $1.95 (β0.2% vs 30d)
- NVDA (2026-11-17): EPS Est. $2.47 (β5.3% vs 30d)
- WMT (2026-11-19): EPS Est. $0.64 (β6.8% vs 30d)
FX News Wire
Unread articles (4):
[1] Brent has soared above $100, is this just the beginning? URL: https://www.fxstreet.com/analysis/brent-has-soared-above-100-is-this-just-the-beginning-202609091358 Published: Wed, 09 Sep 2026 13:58:08 GMT
[2] Global Multi-Asset Broker FP Markets Secures UAE CMA Category 5 Licence URL: https://www.fxstreet.com/press-releases/global-multi-asset-broker-fp-markets-secures-uae-cma-category-5-licence-202609091356 Published: Wed, 09 Sep 2026 13:56:46 GMT
[3] Brazilian Real: Narrowing polls support BRL against US Dollar- ING URL: https://www.fxstreet.com/news/brazilian-real-narrowing-polls-support-brl-against-us-dollar-ing-202609091351 Published: Wed, 09 Sep 2026 13:51:26 GMT
[4] Jobs opened the door for the Fed -- inflation decides whether it walks through URL: https://www.fxstreet.com/analysis/jobs-opened-the-door-for-the-fed-inflation-decides-whether-it-walks-through-202609091349 Published: Wed, 09 Sep 2026 13:49:40 GMT
Iran War News
No new Iran International updates since last report.
Hormuz Strait Status
Strait of Hormuz Dashboard:
- Strait Status: CLOSED (since 2026-02-28, 193 days ago)
- Ships Transiting: 7 of 60 normal daily β 10.0% of normal
- Throughput: 5.0% of normal (0.5M / 10.3M DWT)
- Stranded Vessels: 150
- Oil Prices: Brent $96.02 (+6.99%)
- War Risk Insurance: EXTREME β 56.7x normal
- Tanker Rates: WS285 (+470% vs pre-crisis)
- Global Impact: 21% of world oil supply at risk; est. $2.1 billion/day economic cost