Day Trade Cheat Sheet - February 02, 2026 (Morning)

 ## MARKET MOOD: RISK-OFF Overnight sentiment turned risk-off as global markets reacted negatively to geopolitical tensions and disappointing economic indicators. Concerns around rising interest rates and a potential recession weighed heavily on investor confidence. --- ## TOP 5 HEADLINES 1. **Idexx Laboratories Stock Topples Despite Its 'Impressive' Report** → Impact: **$IDXX** shares plummet after earnings beat expectations, indicating possible market overreaction or future growth concerns. 2. **There’s Another Big Oil-and-Gas Merger, but Shareholders Aren’t Happy** → Impact: Devon Energy and Coterra's merger announcement leads to shareholder discontent, impacting their stock performance. 3. **Forget Tech Stocks: The Healthcare REIT Benefiting from AI-Driven Medical Advances** → Impact: Increased interest in healthcare REITs like **$OHI**, showcasing strong demand amid tech sector volatility. 4. **S&P 500 Hits New High, Market Retreats As Next Fed Chief Named** → Impact: The S&P 500 reaches record levels before retreating, reflecting uncertainty in market response to Fed leadership changes. 5. **Advanced Micro Devices (AMD): An Enduring Growth Path Via Execution** → Impact: Optimistic outlook for **$AMD** as it shows resilience and continued growth potential amidst tech sector challenges. --- ## PRE-MARKET MOVERS ### Longs (Bullish Catalysts) **$OHI** - Benefiting from increased demand in healthcare REITs. **$NVDA** - Continued interest in AI applications boosts stock performance. **$AMD** - Positive growth outlook amidst tech sector headwinds. **$TSLA** - Market optimism on EV sales despite recent challenges. ### Shorts (Bearish Catalysts) **$IDXX** - Plummeting stock price following earnings despite beats. **$DVN** - Weak shareholder sentiment post-merger announcement with Coterra. **$GOLD** - Precious metals continue to decline, impacting related stocks. **$COT** - Concerns over merger integration with Devon Energy affecting stock. --- ## INDEX BIAS **SPY:** BEARISH - Recent highs were not sustained, indicating potential reversal. **QQQ:** BEARISH - Tech stocks facing significant selling pressure and uncertainty. **IWM:** BEARISH - Small caps react negatively to broader market sentiment and economic fears. --- ## SECTORS **Favor:** Healthcare - Strong performance from REITs and growing interest in AI applications in medicine. **Avoid:** Energy - Ongoing volatility and shareholder dissatisfaction amidst merger announcements. --- ## CATALYST WATCH Events today that could move markets: - **10:00 AM ET:** ISM Non-Manufacturing Index - Key indicator for economic health. - **2:00 PM ET:** Federal Reserve meeting minutes - Insights on future rate changes. --- ## BOTTOM LINE **Today's Play:** SELECTIVE With the market showing signs of retreat amid geopolitical tensions and economic uncertainty, focus on sectors demonstrating resilience, like healthcare REITs and select technology stocks. Best opportunities lie in stocks with strong fundamentals, while risks remain high in energy and tech sectors.