Earnings season slows but these 7 stocks pack explosive ‘sawtooth' volatility next week

The S&P 500 is pushing to all-time highs and technical indicators remain broadly bullish. Key breadth measures (cumulative volume breadth and NYSE new highs) have confirmed the advance, and the VIX has trended lower to multi-month lows, supporting higher stock prices. The author notes the modified Bollinger Band (MVB) sell signal remains in place unless SPX closes above 7,600, with first support at 7,330. A new NYSE “new highs vs. new lows” buy signal has been triggered, prompting a recommended SPY call spread (buy July 17 ATM call, sell July 17 call 25 points higher). The piece also highlights a set of stocks with “sawtooth” earnings-implied-volatility patterns to watch for near-term option trades, and issues a conditional call-buy for RTX if it closes above $180. Overall market tone is bullish, underpinned by widening participation and subdued volatility.