Daily Morning Brief; July 15, 2026
Market Overview
The SPY is stretching this thing out, going for its 12th straight close above the 21 EMA. Full stack intact with the 8 at 749.89 sitting above the 21 at 745.97, and a healthy +3.92 spread. New highs printed today at 755.58 and price is holding up near the top of the range. As long as we stay above the 8 EMA there’s nothing to complain about here, this is a clean uptrend with the VIX parked at 16. The 50 day at 742 is your deeper safety net if anything comes in.
Top Setups — 5 Signals
AMZN — BULL · MAG7
Calls Bought · Strike: 280.0 · Exp: Dec28 · 1748 contracts · $11.1M
AMZN is riding above every key level here at 255.24, well clear of the reclaimed 21 EMA and back above the 50 day. The flow is an institution buying the Dec 280 calls for $11.1M in notional, which is real conviction well out in time. IV rank is pegged at 98% but that’s still reasonable for call buying given the momentum, and the 8 EMA at 247 is your nearer support if you want to lean on something.
