Daily Morning Brief; August 05, 2026
Market Overview
The SPY is going for its 4th straight close above the 21 EMA and the stack is clean with the 8 sitting above the 21 by more than 6 points. We ran hard off the July 29 shakeout low near 729 and haven’t looked back, tacking on big green days into the 770s. Today is a bit of a pause with price backing off the highs but still holding well above the 8 EMA at 755. VIX at 16.3 tells you there’s no fear here. As long as we’re stacked like this the trend is up, and the 8 EMA is your nearer support if we cool off.
Top Setups — 2 Signals
APH — BULL · LARGE
Calls Bought · Strike: 190.0 · Exp: Oct26 · 611 contracts · $635K
APH is running well above the 21 EMA at 159 with price at 173.85 and a clean stack, so this is momentum, not a pullback story. The 8 EMA at 163 is your closer level to watch if it takes a breath. The flow is call buyers stepping into the Oct 190s, betting this continues higher into the fall with weekly higher highs and higher lows already in place.
