Daily Morning Brief; June 29, 2026
Market Overview
The SPY clawed back above the 21 EMA today after a rough stretch that saw it dip down to the 716 area last Friday. This is just the first close back over the 21, so we need to see it hold and stack a few more before calling it clean. The 8 and 21 are basically pinned together at 736.83 and 738.52, so this is a coin flip right here until one side breaks. The 50 day at 733.47 is the line of defense if buyers lose this. VIX at 18 is settled down but not telling us much either way. You may be wondering why there are only two top set ups today rather than 5. the reason is as follows - I don’t repeat names over a weekly look back and I don’t include names that don’t score 70 or above in terms of my proprietary signal scores that include flow, sector performance, macro, IV and technicals. There is still loads of flow in MU, TSM, SNDK that scores highly but that was featured last week and is continuing.
