—

                                                            
                          .·······                          
                    .···:::=----+=====--:                   
                 ..···:::---======+++++++==-                
             .··:::---===+++*****ooooooooooo**+             
              ..···:::---+===++++*o***********++=           
             ...··:::---=+==++++**o****ooooo****++=         
             ..···::----===++++*****ooooooooooo***+=        
             ..:·:::---=+==+++*****#oooooooo%oooo**++       
            ...··:::---=+=++++*****#oooooooooooooo**++      
       .    ..:··:::---=+==+++*****#ooooooooo%ooooo*o+=     
             ..···::---=+==++++****#oooooooooooooooo**+-    
      .      ·.···:::---+==++++****#oooooooooo%ooooo*o+=    
      .      ·..··:::---+===++++***#*ooooooooo%ooooo*o+=    
             ·..···:::--+====++++**o***ooooooo#oooo***+=    
      .      ·...···:::-=-====++++*o*****ooooo#ooo***o+=    
      .      . ...···:::=--====++++o**********#*****+*=-    
                ...···::=---=====++o++*************+++=:    
       .      .  ...···:-:----=====*++++++***o**++++*=-     
                  ...···-:::----===*=++++++++++++++==-      
               .   ...··-·::::----=+======++*++====--       
                     ...····::::-----============--:        
                      ...:····::::=--------------:·         
                        .·..·····:-:::::::::::::·           
             ............····::::::-----------:             
                              .......·····..                
                           .    ·    ..

                                              
                  .··:::::::                  
              .··:::--==========-             
          .··::--==+++***oooooooo**+          
           ..·:::--+==+++*o*********+=        
          ..··::--=+=+++**#*ooooooo***+       
          ..··::--==+++****oooooooooo**+-     
          .:··::--==+++****ooooooo%oooo*+     
          ..··::--+==++****#ooooooooooo**=    
     .    ..··::--+==+++***#ooooooooooo*o+:   
          ·.··:::-+===+++**#*oooooo%ooo**+-   
          ·..··::-=-===+++*o***oooo#oo***+-   
     .      ..··::=--===+++o************o=·   
             ..··:=---===++*++********++=-    
           .  ..··:::---====++++++o++++=-     
               ..···:::---======++++===-·     
                ...:··:::-=---======--:       
                  .·.···::-::------::·        
          .........···::::---------:          
                        .........

Research Desk

Gold4,430-1.38%

Bitcoin79,771+0.45%

S&P 500770.19-0.39%

Sectors 200D8/11BROAD

HYPE churn0.11×VERY QUIET

Smart money0.39NET LONG

Calendar

Event	Date
Consumer Price Index	2026-09-11
Federal Open Market Committee	2026-09-16

Macro

Instrument	Read	In 52W range	Last	1W	YTD
Dollar IndexDXY	FAIR	55%	99.16	-0.54%	+0.90%
GoldGOLD	FAIR	48%	$4,430	-1.08%	+2.41%
Gold MinersGDX	FAIR	67%	$99.26	-0.39%	+15.73%
WTI CrudeWTI	FAIR	63%	$91.48	+9.69%	+59.32%
Brent CrudeBRENT	FAIR	63%	$96.28	+7.80%	+58.23%
High YieldJNK	CHEAP	17%	$95.27	-0.73%	-2.00%
Long TreasuriesTLT	CHEAP	8%	$82.21	-0.81%	-5.68%
S&P 500SPY	RICH	95%	$770.19	+0.11%	+12.94%
Nasdaq 100QQQ	RICH	86%	$718.96	+0.35%	+17.04%
Russell 2000IWM	RICH	88%	$296.01	+0.09%	+20.25%
Equal WeightRSP	RICH	91%	$219.00	-0.77%	+14.32%
GrowthIWF	FAIR	79%	$123.41	+0.54%	+4.30%
ValueIWD	RICH	97%	$257.63	-0.27%	+22.48%
VolatilityVIX	CHEAP	6%	14.53	+0.69%	-2.81%

Regions

Region	Session	Last	Read	In 52W range	On the day
JapanNIKKEI	—	65,021	FAIR	76%	+1.26%
TaiwanTAIEX	—	46,551	RICH	95%	+1.51%
KoreaKOSPI	—	6,687	FAIR	59%	+1.64%
GermanyDAX	—	26,046	RICH	88%	+0.17%
United KingdomFTSE	—	10,831	RICH	95%	-0.00%
United StatesNASDAQ	—	26,507	RICH	91%	-0.29%

Sectors

Sector	Read	In 52W range	Last		1M
MaterialsXLB	RICH	89%	$52.44	0.00	+0.52%
DiscretionaryXLY	FAIR	49%	$114.91	-0.03	-2.70%
FinancialsXLF	RICH	96%	$58.10	0.00	+0.50%
Regional BanksKRE	RICH	87%	$75.27	-0.02	-1.59%
Real EstateXLRE	FAIR	65%	$43.93	-0.02	-1.96%
EnergyXLE	RICH	95%	$64.06	0.10	+10.14%
IndustrialsXLI	FAIR	71%	$175.27	-0.05	-5.14%
TechnologyXLK	RICH	85%	$187.28	0.01	+1.05%
SemiconductorsSMH	FAIR	73%	$567.01	-0.01	-0.78%
CommunicationsXLC	FAIR	45%	$112.03	0.01	+0.76%
StaplesXLP	FAIR	62%	$84.58	-0.01	-0.62%
Health CareXLV	RICH	90%	$171.45	0.04	+4.26%
BiotechXBI	RICH	92%	$163.81	0.06	+6.03%
UtilitiesXLU	CHEAP	28%	$43.08	-0.01	-0.69%
NuclearNLR	CHEAP	28%	$119.95	0.05	+5.34%
Grid & ElectrificationGRID	FAIR	63%	$178.99	-0.04	-3.56%
Data CentresDTCR	FAIR	69%	$28.18	0.01	+0.71%
QuantumQTUM	FAIR	72%	$147.89	-0.01	-0.90%
Defence TechSHLD	CHEAP	24%	$62.98	-0.07	-7.08%
SpaceARKX	FAIR	55%	$32.22	-0.03	-2.39%
Bitcoin MinersWGMI	FAIR	42%	$47.48	-0.02	-2.02%

Crypto · liquidity

BTC

$79,771

+0.45%

0.3428%

-0.18

0.39

$2.89B

-0.31%

SHORT COVERING

10.95%

0.00%

ETH

$2,460

+0.40%

0.1626%

-0.08

0.93

$2.21B

-0.11%

SHORT COVERING

10.95%

0.00%

SOL

$102.91

+1.40%

0.1383%

-0.21

-0.36

$588M

+0.25%

NEW LONGS

10.95%

0.00%

HYPE

$85.60

+1.14%

0.1149%

0.09

0.55

$2.02B

+2.38%

NEW LONGS

10.95%

0.00%

Turnover is 24h volume divided by open interest — how much of the standing book changes hands in a day. Lean runs −1 fully short to +1 fully long.

Liquidation gravitysmart cohort · clusters vs spot

HYPE$85.65

SELLING BELOW

$72.80 · $21M

-15%

$129M · 14 CLUSTERS

BTC$79,777

SELLING BELOW

$59,832 · $18M

-25%

$29M · 4 CLUSTERS

ETH$2,460

SELLING BELOW

$1,722 · $74M

-30%

$38M · 3 CLUSTERS

SOL$102.92

NONE WITHIN 30%

—

$14M · 4 CLUSTERS

BTC optionscalls vs puts · put/call 0.42

BTC DVOL38.24

33.94 – 43.41

80th

+0.81

6SEP2615H

2,158 · TALLEST 212

$79,000 · PUTS

$80,000 · +0%

±0.72%

7SEP261.6D

1,583 · TALLEST 172

$78,500 · PUTS

$80,000 · +0%

±1.49%

8SEP262.6D

907 · TALLEST 301

$82,000 · CALLS

$80,000 · +0%

±2.22%

25SEP2619.6D

137,897 · TALLEST 10,965

$70,000 · CALLS

$72,000 · -10%

±8.33%

Numbers three times a day. No takes, no tips, no newsletter.

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