Finance Analyst Report: 2026-09-10 22:02:37 ET
Signal Alignment
SPY Direction: SPY -0.9% (3d) | Alignment: 29% (2 aligned, 5 divergent) Status: MODERATE DIVERGENCE β Moderate divergence β several structural signals disagree with price
| Category | Signal Says | vs SPY | Key Driver |
|---|---|---|---|
| Dark Pool | π’ BULLISH | β DIVERGENT | DIX 0.489 above 0.45 and rising β institutions accumulating, 0DTE PCR 1.14 put-heavy |
| Gamma | π’ BULLISH | β DIVERGENT | GEX +5.7B strong suppression |
| Breadth | π΄ BEARISH | β ALIGNED | Breadth 34% β narrow participation, rally is fragile |
| Energy | π΄ BEARISH | β ALIGNED | Energy RISING β oil climbing, margin pressure building |
| growth_expectations | βͺ NEUTRAL | β | Copper/Gold -0.3% neutral Β· real yield 2.43% restrictive |
| Correlations | π’ BULLISH | β DIVERGENT | SPY/VIX -0.87 normal, SPY/DXY -0.38 normal, SPY/TNX -0.46 elevated, SPY/Oil -0.50 stretched |
| Volatility | βͺ NEUTRAL | β | VIX 17.8 sub-20 in contango Β· SKEW 147 firm Β· VVIX/VIX 5.75 dealer stress |
| Inflation | βͺ NEUTRAL | β | Stagflation score 26 β moderate, watching |
| carry_risk | π’ BULLISH | β DIVERGENT | USD/JPY 5d -0.8% stable, MOVE 82 calm |
| Liquidity | βͺ NEUTRAL | β | Liquidity Adequate |
| Credit | π’ BULLISH | β DIVERGENT | HY OAS 2.71% moderate, NFCI -0.564 loose |
Divergence read: Cautious regime with SPY slipping, but dark pool, gamma, and correlations flash bullish β 5 of 7 signals refuse to confirm the decline.
Market Status
Regime: CAUTIOUS | Score: 65/100 (Mixed) | Signal-price divergence detected: 5 signals disagree with SPY's 5d trend.
Leading indicators show energy RISING (WTI at $104, watch for margin compression); DIX rising to 0.489 (institutional accumulation increasing); GEX positive at 5.7B (vol-suppressing). Lagging confirmation: VIX at 17.8 (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: $758.29 | 50 SMA $758.02 | 200 SMA $713.18 | +0.0% from 50d | ZGL $758.77
- QQQ: $708.98 | 50 SMA $711.17 | 200 SMA $658.90 | -0.0% from 50d | ZGL $712.16
- IWM: $287.56 | 50 SMA $296.74 | 200 SMA $273.27 | -0.0% from 50d | ZGL $295.06
- VIX: 17.84 β sub-20 (low vol)
- 10Y Yield: 4.944%
Equity & Derivatives Board
| Ticker | Price | RSI(14) | IVR | ZGL | Ξ³-Sent | PCR |
|---|---|---|---|---|---|---|
| SPY | $758.29 | 43.46 | 15.4 | $758.77 | Bearish | 2.13 |
| QQQ | $708.98 | 50.20 | 16.0 | $712.16 | Bearish | 1.93 |
| IWM | $287.56 | 32.02 | 10.9 | $295.06 | Bearish | 4.36 |
Macro Board
| Ticker | Price | RSI(14) | IVR | ZGL | Ξ³-Sent | PCR |
|---|---|---|---|---|---|---|
| VIX | 17.84 | 52.48 | 22.7 | $11.08 | Neutral | 0.95 |
| TNX | 49.44 | 70.44 | 20.8 | - | - | - |
| GLD | $396.24 | 43.07 | 37.0 | $402.96 | Bearish | 7.17 |
| DXY | 99.08 | 52.74 | 38.6 | - | - | - |
| SLV | $57.44 | 52.29 | 10.3 | $45.37 | Neutral | 1.08 |
Dark Pool Activity
- DIX (Dark Index): 0.489
- DIX Signal: Strong buying
- GEX (Gamma Exposure): 5.71B
Credit Conditions
- HY OAS Spread: 2.71% (Normal)
- BBB Spread: 0.99%
- 2s10s Spread: 0.40% (Flat-ish)
Market Breadth
- Stocks Above 50-Day SMA: 33.5%
- Stocks Above 200-Day SMA: 57.5%
- Breadth Signal: Moderately Bearish
- Total Stocks Analyzed: 496
- Mag 7 Concentration: 32.5%
- Top 10 Concentration: 41.9%
Sector Breadth
| Sector | % > 50d SMA | Stocks |
|---|---|---|
| Energy | 84.2% | 0/0 |
| Communication Services | 63.2% | 0/0 |
| Health Care | 55.6% | 0/0 |
| Technology | 52.3% | 0/0 |
| Financials | 33.8% | 0/0 |
| Materials | 29.2% | 0/0 |
| Consumer Staples | 26.5% | 0/0 |
| Consumer Discretionary | 25.4% | 0/0 |
| Industrials | 11.9% | 0/0 |
| Utilities | 10.0% | 0/0 |
| Real Estate | 3.8% | 0/0 |
Energy & Commodities
- Energy Regime: RISING
- WTI Crude: $103.93 (5d: +13.8%)
- Brent Crude: $108.95 | Spread: $5.02
- RBOB Gasoline: $3.2500/gal
- Heating Oil: $5.1500/gal
- 3-2-1 Crack Spread: $59.17/bbl (Very wide)
- XLE (Energy Sector): $64.93
- UNG (Nat Gas): $10.19
Correlations
| Pair | 20d Corr | Signal |
|---|---|---|
| SPY / VIX | -0.869 | normal |
| SPY / DXY | -0.379 | normal |
| SPY / TNX | -0.455 | elevated |
| SPY / Oil | -0.502 | stretched |
Volatility & Options
- Volatility Regime: Contango (Normal)
- MOVE Index (Bond Vol): 82.09
- VIX/MOVE Ratio: 0.22 (Normal Relationship)
- 0DTE Call Volume: 3,221,660.0
- 0DTE Put Volume: 3,686,879.0
- 0DTE Put/Call Ratio: 1.14 (Balanced 0DTE Flow)
- 0DTE Notional Dollar Volume: $523.5B
- Gamma Call Wall: $770 | Put Wall: $760 (Spot: $758.29)
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: -1.3% (as of 2026-09-09)
- Squeeze Setup: none (0/4 triggers Β· no triggers active)
- Fragility Flags: Air Pocket elevated Β· Re-entry none
Macro Fundamentals
- 10Y Yield: 4.94%
- Yield Curve (10Y-3M): 1.10 (Normal)
- DXY: 99.08
- 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: 2.41% (Near Target)
- 10Y Breakeven: 2.37%
- 5Y5Y Forward: 2.33%
- Stagflation Risk Score: 26/100
Fed & Global Liquidity
- Fed Balance Sheet (WALCL): $6740.6B
- Treasury General Account (TGA): $883.3B
- Reverse Repo (RRP): $4.7B
- US Net Liquidity (WALCL - TGA - RRP): $5,765B
- Liquidity Regime: Adequate
- ECB Balance Sheet: ~$6,861B
- BOJ Balance Sheet: ~$4,179B
- Global Net Liquidity: $16,805B
- BTC-USD (Liquidity Proxy): $76,963 (Neutral)
Active Alerts
- [INFO] DIX at 0.489 β strong dark pool buying activity.
- [WARNING] Key correlation regime break detected β normal market relationships are shifting, increased unpredictability.
- [WARNING] SPY near gamma wall β expect increased resistance/support and potential pinning at key strike.
- [CRITICAL] WTI crude at $103.93 β triple-digit oil, severe stagflation and margin pressure.
- [CRITICAL] WTI crude at $103.93 β energy shock territory, stagflation risk rising.
- [WARNING] Oil spike alert: USO at $158.38 (vs 20d avg 134.06, +3.4Ο), floor $75.00 β potential geopolitical disruption or supply shock.
- [WARNING] SKEW at 147 β elevated tail-risk hedging activity.
- [WARNING] Data integrity: volatility_regime is STALE (~3h old vs an expected max of ~0h) and it feeds the drawdown-risk lens and/or the health score β those surfaces are running on stale input.
- [INFO] Screener: BSY β promotion-ready (100d on list, HIGH conviction 68/100, regime range_noise, calibrated oversold_sympathy hit-rate 52% (n=6012)).
- [INFO] Screener: ALB β promotion-ready (8d on list, HIGH conviction 61/100, regime capitulation, calibrated oversold_sympathy hit-rate 52% (n=6012)).
Seasonality
- Current Month: September
- Average Return: -0.58%
- Median Return: +0.30%
- Hit Rate: 55%
- Signal: Historically Neutral
Today's Events
Economic Releases:
- Producer Price Index (PPI): β³ Pending
Upcoming Calendar (30 Days)
Economic Releases:
- Consumer Price Index (CPI): 2026-09-11
- 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 (7):
[1] The Italian trust system that has no contract URL: https://www.fxstreet.com/education/the-italian-trust-system-that-has-no-contract-202609110149 Published: Fri, 11 Sep 2026 01:49:37 GMT
[2] Elliott Wave outlook: Silver eyeing zigzag correction [Video] URL: https://www.fxstreet.com/analysis/elliott-wave-outlook-silver-eyeing-zigzag-correction-video-202609110147 Published: Fri, 11 Sep 2026 01:47:51 GMT
[3] British Pound holds steady above 1.3500 ahead of US CPI inflation release URL: https://www.fxstreet.com/news/british-pound-holds-steady-above-13500-ahead-of-us-cpi-inflation-release-202609110146 Published: Fri, 11 Sep 2026 01:46:39 GMT
[4] Japanese Yen edges higher as PPI reaffirms BoJ rate hike bets and USD bulls await US CPI URL: https://www.fxstreet.com/news/japanese-yen-edges-higher-as-ppi-reaffirms-boj-rate-hike-bets-and-usd-bulls-await-us-cpi-202609110131 Published: Fri, 11 Sep 2026 01:31:03 GMT
[5] WTI trades near $99.00 after pulling back from nearly four-month highs URL: https://www.fxstreet.com/news/wti-falls-to-near-9900-despite-escalating-us-iran-conflict-202609110123 Published: Fri, 11 Sep 2026 01:23:43 GMT
[6] PBOC sets USD/CNY reference rate at 6.7743 vs. 6.7766 previous URL: https://www.fxstreet.com/news/pboc-sets-usd-cny-reference-rate-at-67743-vs-67766-previous-202609110115 Published: Fri, 11 Sep 2026 01:15:56 GMT
[7] Euro flatlines above 1.1600 despite ECB hawkish hike, traders brace for US CPI data URL: https://www.fxstreet.com/news/euro-flatlines-above-11600-despite-ecb-hawkish-hike-traders-brace-for-us-cpi-data-202609110042 Published: Fri, 11 Sep 2026 00:42:21 GMT
Iran War News
Updates (2):
[1] Acting US Navy chief says Iran forces heavily damaged Bahrain base - Epoch Times Time: 2026-09-11T00:49:31.961Z
[2] Iran calls for immediate resumption of Yemen talks Time: 2026-09-11T00:34:04.077Z
Hormuz Strait Status
Strait of Hormuz Dashboard:
- Strait Status: CLOSED (since 2026-02-28, 194 days ago)
- Ships Transiting: 4 of 60 normal daily β 6.7% of normal
- Throughput: 6.0% of normal (0.6M / 10.3M DWT)
- Stranded Vessels: 180
- Oil Prices: Brent $96.02 (+6.99%)
- War Risk Insurance: EXTREME β 50.0x normal
- Tanker Rates: WS280 (+460% vs pre-crisis)
- Global Impact: 21% of world oil supply at risk; est. $2.1 billion/day economic cost