Day Trade Cheat Sheet - March 31, 2026 (Morning)

 ## MARKET MOOD: MIXED Overnight markets showed cautious optimism as S&P 500 futures gained on hopes of de-escalation in the Iran war, while energy prices surged amid ongoing geopolitical tensions. Bitcoin faces downside risk amid a prolonged losing streak, adding to market uncertainty. ## TOP 5 HEADLINES 1. Downside risk remains as bitcoin nears record-tying six-month losing streak → Impact: Crypto weakness may pressure related stocks and investor sentiment. 2. Rotate your European portfolio to prepare for stagflation risk, Goldman Sachs says → Impact: European equities could face headwinds; investors may shift to defensive sectors. 3. Russian Oil Exports Plunge as Drone Strikes Cripple Baltic Ports → Impact: Energy supply disruptions keep oil prices elevated, supporting energy stocks. 4. Cimpress board authorizes up to $200 million share repurchase program → Impact: Potential boost for Cimpress shares from buyback support. 5. BlackSky wins $99M contract for Earth observation tech → Impact: Positive catalyst for BlackSky, signaling government demand strength. ## PRE-MARKET MOVERS ### Longs (Bullish Catalysts) **$AMZN** - Shares up 2.64% on strong momentum and AI-related optimism **$META** - +3.82% on robust AI growth prospects **$CRWD** - +4.91% following strong demand for cybersecurity solutions **$BMY** - +3.06% on pipeline strength and attractive valuation **$BX** - +5.27% after private funding round closes at $6.3B **$FDS** - +4.88% after raising FY2026 EPS and sales guidance ### Shorts (Bearish Catalysts) **$MU** - -10.39% amid memory spot pricing softness and analyst downgrades **$HPE** - -3.93% on valuation concerns despite sector tailwinds **$AMLX** - -5.34% after winding up Avexitide Phase 3 trial enrollment **$WDC** - -7.72% on rating downgrade and sector weakness **$IREN** - -7.50% after significant sell-off post analyst comments **$CORZ** - -4.98% despite slight gains since short advice ## INDEX BIAS **SPY:** BULLISH - Up 0.75% supported by financials and healthcare gains amid easing geopolitical fears. **QQQ:** NEUTRAL - Modest 0.31% gain with tech sector under pressure, weighed by XLK's 0.72% decline. **IWM:** BEARISH - Flat to slightly down (-0.02%), reflecting small-cap caution amid mixed earnings and macro concerns. ## SECTORS **Favor:** Financials (XLF) - +2.34%, driven by strong earnings and loan growth optimism. **Avoid:** Technology (XLK) - -0.72%, pressured by regulatory scrutiny and mixed earnings outlook. ## CATALYST WATCH Events today that could move markets: - 08:30 AM ET: US GDP and inflation data (impact on rate expectations) - 10:00 AM ET: Consumer confidence report (sentiment gauge) - Earnings: FactSet (FDS) Q2 results and guidance update ## BOTTOM LINE **Today's Play:** Selective Markets are navigating geopolitical uncertainty with a cautious tilt toward defensive and financial sectors. Energy remains volatile but supported by supply disruptions, while tech faces regulatory and valuation pressures. Traders should focus on quality growth names with strong earnings visibility like **$AMZN**, **$META**, and **$CRWD**, while avoiding beaten-down semis like **$MU** and hardware names under analyst downgrades. Watch macro data for clues on Fed policy and risk appetite.