Daily Morning Brief; July 13, 2026
Market Overview
The SPY is putting in its 10th straight close above the 21 EMA, so this trend is well established. The full stack is intact with the 8 at 748.9 sitting cleanly above the 21 at 744.87, spread of about 4 points. We pulled back a touch today off yesterday’s 754.95 close but nothing here says trouble. As long as we’re holding the 8 EMA, buyers stay in control and there’s no reason to fight it. VIX at 16.2 keeps things calm.
Top Setups — 3 Signals
SNOW — BULL · LARGE
Calls Bought · Strike: 280.0 · Exp: Jan27 · 500 contracts · $2.5M
SNOW is running well above the stack with the 8 at 262 and price up at 273, so this one has been trending hard and won’t likely revisit the 21 anytime soon. The Jan27 280 calls bought in size point to someone positioning for continuation into next year. Watch the 8 EMA as your nearer support here since a pullback to the 21 would take a real reset.
