How Strong is SPY Right Now

What forces are driving markets higher

July 17, 2025

Header

Good morning all and happy Thursday,

As you know, markets have been driving higher for months now but will that trend come to a halt with tariffs and inflation, not to mention upcoming earnings, or will we keep pushing higher?

What’s your trading bias this morning?

Login or Subscribe to participate in polls.

As of mid-July 2025, here's what's influencing SPY:

 Bullish Forces:

  • Cooling inflation: CPI and PPI came in softer than expected → Fed rate cuts likely in coming months.

  • Strong tech earnings: Mega-cap stocks (especially AI-related) have led the charge.

  • Low volatility: VIX remains subdued, showing risk appetite is still strong.

  • Seasonal tailwinds: July tends to be bullish in pre-election years.

 Risk Factors:

  • Overbought conditions: RSI on SPY is nearing 70.

  • Rate cut expectations already priced in

  • Geopolitical tensions or earnings misses could quickly shake confidence.

What to Watch:

  • Tech earnings (especially MSFT, NVDA, AAPL)

  • Fed commentary (Jackson Hole is in late August but any July comments matter)

  • Economic data: PMIs, durable goods, consumer confidence next week

What direction will you be trading markets?

If you would like to get more details on what I see fit for SPY then please join me in the Market Masters chat room each morning Monday - Friday.

I’ll see you there!

signature

🥂Haven’t joined RB Special Events yet?  Change that by subscribing HERE.

P.S. As always, for questions about any of our services, contact our amazing sales team at 1-800-585-4488 / [email protected]. They’d love to hear from you!

DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at https://ragingbull.com/disclaimer.

*Sponsored Content: If you purchase anything through a link in this email other than RagingBull (RB) services, you should assume that we have an affiliate relationship with the company providing the product that you purchase, and that we will be paid in some way. RB is not responsible for any content hosted on affiliate’s sites and it is the affiliate’s responsibility to ensure compliance with applicable laws. We recommend that you do your own independent research before purchasing anything. While we believe in the companies we form affiliate relationships with, please don’t spend any money on these products unless you believe they will help you achieve your goals.

FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision.

RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, trading results of third parties have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment.

RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor(IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization.

WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication.

In the event that any suit or action is instituted as a result of doing business with RagingBull.com, LLC and/or its affiliates or if any suit or action is necessary to enforce or interpret these Terms of Service, RagingBull.com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements in addition to any other relief to which it may be entitled.