Daily Morning Brief; August 07, 2026
Market Overview
The SPY is going for its 6th straight close above the 21 EMA and the whole stack is pointed up, 8 over 21 over 50. That spread is now +8.69 which tells you buyers have not let up. We’re sitting well above the 200 day at 700 and the 50 has been climbing right alongside price. VIX at 14.9 keeps the tape calm and there’s nothing on this chart telling you to fight it. Just watch the 8 EMA at 761 as your near-term line if this wants to cool off a bit.
Top Setups — 5 Signals
GE — BULL · MEGA
Puts Sold · Strike: 370.0 · Exp: Sep26 · 2350 contracts · $3.0M
GE is stacked clean with the 8 at 369 over the 21 at 361 and price pushing 371, sitting well above the 50 at 349. Someone sold 2,350 of the Sep 370 puts for about $3M in premium, a bet this holds up and keeps grinding. Price is extended over the 21 so no need to wait for it, the 8 EMA is your closer dynamic support here.
