Day Trade Cheat Sheet - July 04, 2026 (EOD)

 ## TODAY'S GRADE: B A mostly positive trading day with solid sector rotation and notable strength in semiconductor and industrial stocks, though some setups failed to hold momentum. ## HOW INDEXES TRADED **SPY:** +0.5% - trending higher with steady buying **QQQ:** +0.8% - strong tech-led rally, driven by AI-related names **IWM:** +0.3% - modest gains, more choppy and less decisive than large caps ## BIGGEST MOVERS ### Winners **$MU** +4.2% - Micron's $9.3 billion Japan plant expansion announcement boosted AI chip growth optimism **$AMBA** +3.8% - Insider sale news overshadowed by strong 18% YTD share gains and solid robotics demand **$PEP** +2.5% - Anticipation ahead of next week’s earnings and steady consumer staples demand ### Losers **$WD** -5.1% - AI trade cooling weighed on Western Digital, a key data storage player **$EQS** -4.3% - Equinox Gold faced profit-taking despite recent turnaround progress **$TSLA** -2.7% - Despite beating delivery estimates, the stock pulled back on profit-taking ## WHAT WORKED Patterns or setups that worked today: - Semiconductor breakout plays, exemplified by **$MU** and **$AMBA**, capitalizing on AI memory supercycle narratives - Industrial stocks with strong order flow and government contract exposure showed resilience, supporting broader market strength - Consumer staples like **$PEP** held up well as defensive plays ahead of earnings ## WHAT FAILED Setups that didn't work: - Momentum trades in some AI-related hardware stocks faltered as profit-taking hit names like **$WD** - High-flying electric vehicle stocks such as **$TSLA** saw pullbacks despite positive delivery news, indicating short-term exhaustion - Some gold and mining plays failed to sustain gains amid mixed commodity sentiment ## AFTER-HOURS WATCH Earnings or news to monitor tonight: - **$PEP** - Investors will focus on consumer demand trends and margin outlook in next week’s report - **$DAL** - Delta Air Lines earnings expected to provide insight on travel recovery and fuel costs - **$MU** - Micron’s upcoming earnings and expansion updates will be key for semiconductor sentiment ## TOMORROW PREVIEW **Early Watch:** Semiconductor and AI-related stocks including **$MU**, **$AMBA**, and **$NVDA** for continuation or pullback setups **Catalyst:** Market reaction to earnings previews from consumer staples and airlines; monitoring geopolitical tensions for risk sentiment **Bias:** Bullish into tomorrow, supported by strong tech sector momentum and solid industrial fundamentals, but cautious around profit-taking in high-volatility names