Apple Options Turn Bullish Ahead of Earnings, but Markets Are Pricing in Elevated Volatility
๐ Appleโs options flow is leaning bullish, with around $442 million of the total $590 million in premium allocated to calls. Call volume reached nearly 560,000 contracts, significantly above 332,000 puts.
๐ฐ A new call position worth roughly $2.6 million at the 280 strike suggests some large investors are seeking upside exposure ahead of Appleโs earnings release after the market closes on July 30.
โ๏ธ The options market is pricing in a post-earnings move of around 4%, well above Appleโs one-year average of nearly 1%. Open interest is concentrated at the 320 strike, while the 340 level reflects more speculative expectations.
๐ Near-term positioning remains moderately bullish, but elevated implied volatility means Apple may need strong results and guidance to sustain gains. An in-line report could still leave the stock flat as volatility declines.
$QQQ โ Liquidation Map (7 Days) โ Index ~679.9
๐ The 7-day liquidation map shows approximately 27โ28 million in long liquidations below the current price, broadly matching the roughly 27 million in short liquidations above. However, downside liquidity sits much closer to price, creating a modest near-term bearish bias.
๐ The nearest long-liquidation zone is concentrated around 674.6โ665.6, with a notable cluster near 670.1. Larger concentrations appear across 661.1โ643.1, particularly around 656.6โ661.1. A break below 674.6 could expose 670.1, followed by 665.6โ661.1.
๐ Above the market, a very thin liquidity area extends toward approximately 713.3. Short liquidations become denser across 717.8โ731.3 and strengthen further around 735.8โ744.8. A sustained move above 713.3 could allow price to accelerate toward 722.3โ731.3.
๐งญ The higher-probability scenario is an initial test of 674.6โ670.1 because this liquidity is significantly closer. If that zone holds and price recovers, 713.3 becomes the main upside pivot. Conversely, losing 665.6 could open the way toward 661.1โ656.6. Traders may wait for confirmation while maintaining an appropriate stop-loss.
SC02 M5 - pending Long order. Entry lies within HVN + not affected by any weak zone, the current support zone is around 1.80% wide. The uptrend has lasted 18 hours 30 minutes, with the largest recorded price increase at 13.49%. If price loses this support zone, the trend will likely reverse downward.
SC02 M1 - pending Long order. Entry lies within HVN + not affected by any weak zone, the current support zone is around 0.81% wide. The uptrend has lasted 4 hours 36 minutes, with the largest recorded price increase at 6.66%. If price loses this support zone, the trend will likely reverse downward.
Jefferies Upgrades Ford and General Motors, Citing Further Upside from Operational Recovery
๐ Jefferies upgraded Ford and General Motors from Hold to Buy, raising its price target for GM from $90 to $99 and for Ford from $14.50 to $17.50.
๐ The outlook is supported by new product cycles, stable U.S. demand, recovering production and tighter cost controls. GM is expected to generate more than $10 billion in free cash flow by 2027, while Fordโs second quarter may mark the bottom of its production cycle.
๐ญ The upgrades indicate improving sentiment toward traditional automakers, particularly their high-margin pickup and SUV businesses. GM shares rose about 2.1% in premarket trading following the announcement.
โ ๏ธ The outlook still depends on upcoming earnings, U.S. consumer demand, interest rates, tariffs and EV transition costs. Overall, the signal is positive, but further gains will require clear improvements in earnings and cash flow.
$INTC โ Liquidation Map (7 Days) โ Index ~94.1
๐ The 7-day liquidation map shows approximately 11.5 million in short liquidations above the current price, exceeding the more than 8 million in long liquidations below. Price is currently positioned within a relatively thin liquidity area, while the larger clusters are clearly concentrated on the upside.
๐ The nearest short liquidations appear across 94.6โ97.6, with liquidity becoming significantly denser around 98.2โ99.0. The strongest clusters sit between 100.0 and 102.4, particularly near 100.6, 101.2โ101.8 and 102.2. Holding above 99.0 would increase the probability of an extension toward 100.0โ102.4.
๐ Below the current price, liquidity remains relatively sparse until 91.8. Larger long-liquidation clusters are concentrated across 91.2โ89.4, with notable areas near 91.2, 90.6โ90.0 and 89.4โ89.8. A break below 91.8 could accelerate price toward these zones.
๐งญ The higher-probability scenario is an initial move through the thin liquidity area toward 98.2โ99.0. A sustained break above 99.0 would strengthen the potential for a short-liquidation sweep toward 100.0โ102.4, while rejection followed by a loss of 91.8 could expose 91.2โ89.4. Traders may wait for confirmation around these levels while maintaining an appropriate stop-loss.
SC02 M1 - pending Long order. Entry lies within HVN + not affected by any weak zone, the current support zone is around 1.57% wide. The uptrend has lasted 4 hours 9 minutes, with the largest recorded price increase at 16.02%. If price loses this support zone, the trend will likely reverse downward.
SC02 M5 - pending Long order. Entry contains POC + not affected by any weak zone, the current support zone is around 4.80% wide. The uptrend has lasted 1 day 3 hours 35 minutes, with the largest recorded price increase at 37.57%. If price loses this support zone, the trend will likely reverse downward.
CXMT surges more than fivefold in IPO debut, briefly overtaking ICBC by market value
๐ Shares of ChangXin Memory Technologies closed around 466% above their IPO price on the STAR Market, after briefly reaching 55.03 yuan, representing a peak gain of 535% from the offer price of 8.66 yuan.
๐ฐ The company raised approximately 57.9 billion yuan, equivalent to $8.6 billion, in Asiaโs largest IPO of 2026. CXMTโs market capitalization reached roughly 3.3โ3.7 trillion yuan during the session, temporarily surpassing ICBC.
๐ง The rally reflected strong expectations surrounding Chinaโs semiconductor self-sufficiency strategy, growing demand for AI memory and the scarcity of domestic pure-play memory stocks. The absence of daily price limits during the initial trading period also amplified the move.
โ ๏ธ However, the valuation has expanded much faster than the companyโs current business scale. Profit-taking pressure may increase in the coming sessions, while the longer-term outlook will depend on capacity expansion and CXMTโs ability to narrow the technology gap with global rivals.
$XPL โ Liquidation Map (7 Days) โ Index ~0.0858
๐ The 7-day liquidation map shows nearly 5 million in long liquidations below the current price, exceeding approximately 3.2 million in short liquidations above. This creates a modest downside bias, although price is currently positioned within a relatively thin liquidity area where volatility could accelerate in either direction.
๐ The nearest long-liquidation zone appears around 0.0846โ0.0838. Larger clusters are concentrated across 0.0822โ0.0808, with several prominent liquidation bars around 0.0812โ0.0817. A break below 0.0846 could expose 0.0838, followed by 0.0822โ0.0815.
๐ Above the market, short-liquidation density begins increasing near 0.0871 and becomes strongest across 0.0876โ0.0892, particularly around 0.0882โ0.0887. Holding above 0.0892 could extend the move toward 0.0900โ0.0907 and then 0.0914โ0.0930.
๐งญ The higher-probability scenario is an initial test of 0.0846โ0.0838 because total liquidity is greater below the current price. Conversely, holding above 0.0858 and breaking 0.0871 could trigger a short-liquidation sweep toward 0.0882โ0.0892. Traders may wait for confirmation at these levels while maintaining an appropriate stop-loss.
SC02 M1 - pending Long order. Entry lies within HVN + not affected by any weak zone, the current support zone is around 1.16% wide. The uptrend has lasted 9 hours 3 minutes, with the largest recorded price increase at 25.56%. If price loses this support zone, the trend will likely reverse downward.
SC02 M5 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is around 6.84% wide. The uptrend has lasted 11 hours, with the largest recorded price increase at 47.35%. If price loses this support zone, the trend will likely reverse downward.
Chinaโs Industrial Profits Remain Strong as Recovery Momentum Begins to Ease
๐ Chinaโs industrial profits rose 18.7% in the first half of 2026, nearly unchanged from the 18.8% growth recorded during the first five months.
๐ญ In June alone, profit growth slowed to 15.1% from 21.1% in May, indicating a loss of momentum despite continued support from exports and high-tech manufacturing.
๐ The divergence remained clear, with automotive industry profits falling 19.5%, while electronics, technology and export-oriented raw material sectors delivered relatively stronger results.
๐ The data suggest Chinaโs economy continues to operate at two speeds, as export-driven industries outperform consumption, property and other sectors dependent on domestic demand.
๐ฆ Many investors may therefore continue to expect Beijing to strengthen support for consumption, businesses and the property market during the third quarter.
$FIL โ Liquidation Map (7 Days) โ Index ~0.743
๐ The 7-day liquidation map shows nearly 8.8 million in short liquidations above the current price, slightly exceeding the approximately 8.2 million in long liquidations below. Nearby liquidity is more concentrated on the upside, giving the short-sweep scenario a modest near-term advantage.
๐ Short-liquidation clusters begin around 0.752 and become significantly denser across 0.756โ0.764, particularly near 0.758 and 0.762. A sustained move above 0.764 could expose 0.770โ0.782, followed by the broader 0.788โ0.800 liquidity area.
๐ Below the current price, the nearest long-liquidation zone sits around 0.738โ0.726, with notable concentrations near 0.728โ0.732. Larger clusters are located at 0.714โ0.702 and 0.696โ0.684. A break below 0.738 could accelerate price toward 0.732โ0.726.
๐งญ The higher-probability scenario is an initial test of 0.752โ0.764. Holding above 0.764 would strengthen the potential for an extension toward 0.782, while rejection followed by a loss of 0.738 could trigger a long-liquidation sweep toward 0.732โ0.726. Traders may wait for confirmation around these levels while maintaining an appropriate stop-loss.
SC02 M5 - pending Short order. Entry lies within HVN + meets positive simplification with a previously highly profitable Short order, the current resistance zone is around 1.07% wide. The downtrend has lasted 1 day 19 hours 15 minutes, with the largest recorded price decline at 7.59%. If price breaks above this resistance zone, the trend will likely reverse upward.
SC02 M15 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is around 1.91% wide. The uptrend has lasted 1 day 4 hours 15 minutes, with the largest recorded price increase at 11.66%. If price loses this support zone, the trend will likely reverse downward.
MAS Surprises Markets With Mild Tightening, Supporting the Singapore Dollar
๐ฆ The Monetary Authority of Singapore slightly increased the appreciation rate of the S$NEER policy band, marking its second consecutive tightening move in 2026. The adjustment was smaller than in April, while the bandโs width and midpoint remained unchanged.
๐ The decision surprised markets, as 12 of 16 analysts had expected no policy change. The Singapore dollar strengthened modestly to around 1.2888 per US dollar following the announcement.
๐ MAS said core inflation rose to 1.5% in the second quarter, while Singaporeโs economy expanded 5.7% year-on-year. Higher energy, food and import costs have kept price stability at the centre of policy.
๐ The move signals controlled tightening and may help the Singapore dollar remain relatively firm without placing significant pressure on economic growth.
$KAITO โ Liquidation Map (7 Days) โ Index ~1.167
๐ The 7-day liquidation map shows approximately 6.2 million in long liquidations below the current price, exceeding the nearly 5 million in short liquidations above. A major liquidity cluster also sits relatively close below price, giving the downside-sweep scenario a higher near-term probability.
๐ The nearest long-liquidation concentration is located around 1.159โ1.151, with the strongest bar near 1.158โ1.160. Larger clusters appear across 1.143โ1.127, particularly around 1.135โ1.143. A break below 1.159 could quickly expose 1.151 and then 1.143.
๐ Above the market, short-liquidation density begins increasing around 1.193โ1.211. The strongest cluster sits near 1.227โ1.239, followed by another notable area at 1.255โ1.263. A sustained move above 1.211 could open the way for a short-liquidation sweep toward 1.227โ1.239.
๐งญ The higher-probability scenario is an initial test of 1.159โ1.151. If this zone holds and price recovers above 1.193, the next target could be 1.203โ1.211. Conversely, losing 1.151 would increase downside risk toward 1.143โ1.135. Traders may wait for a clear reaction at these levels while maintaining an appropriate stop-loss.
SC02 M5 - pending Long order. Entry lies within HVN + not affected by any weak zone, the current support zone is around 0.57% wide. The uptrend has lasted 1 day 13 hours 15 minutes, with the largest recorded price increase at 4.91%. If price loses this support zone, the trend will likely reverse downward.
SC02 M5 - pending Long order. Entry lies within LVN + not affected by any weak zone, the current support zone is around 6.98% wide. The uptrend has lasted 19 hours 30 minutes, with the largest recorded price increase at 61.62%. If price loses this support zone, the trend will likely reverse downward.