Daily Morning Brief; August 14, 2026
Market Overview
The SPY is going for its 11th straight close above the 21 EMA and the stack is clean with the 8 sitting right around 771. That is a strong, orderly uptrend and the +10 spread between the 8 and 21 tells you buyers are still in control. VIX at 14.5 backs it up, no fear here. We closed a touch off yesterday’s highs but this is textbook trend behavior. As long as we hold the 8 EMA there is no reason to fight this, and the 21 down at 760.9 is the line you only worry about if it cracks.
Flow is heavily tilted bullish across tech today with put selling in the large caps and fresh call buying in NVDA. Broad bull regime with longs lining up across every sector and tier.
