Daily Morning Brief; July 10, 2026
Market Overview
The SPY is going for its 9th straight close above the 21 EMA and this is a clean, healthy uptrend. Price is sitting at 753.13 with the full stack intact, 8 over 21 over 50 over 200, and a +3.80 spread between the 8 and 21. The 8 EMA at 747.88 is your nearer support if you want a reference, no reason to expect a trip all the way back to the 21 at 744 while this thing is running. VIX at 15.4 says nobody is worried. Just let it work.
Top Setups — 5 Signals
MRNA — BULL · LARGE
Puts Sold · Strike: 60.0 · Exp: Jan27 · 2350 contracts · $2.6M
MRNA is extended and strong with 8 over 21 over 50 and price at 68.35 well above the whole stack. Someone sold 2350 of the Jan27 60 puts, a longer dated bullish bet collecting premium far below current price with IV pinned at rank 100%. The 8 EMA at 72.99 is running above price here so this one is due for some consolidation, but the flow is comfortable being long into any dip.
