Day Trade Cheat Sheet - July 05, 2026 (EOD)

 ## TODAY'S GRADE: B A generally positive trading day with solid gains in key tech and AI-related names, although some chip stocks and the Magnificent 7 ETF showed weakness, keeping the overall momentum in check. ## HOW INDEXES TRADED **SPY:** +0.5% - trending higher with steady buying interest **QQQ:** +0.7% - led by tech strength, showing bullish character **IWM:** +0.3% - modest gains, somewhat choppy but holding support ## BIGGEST MOVERS ### Winners **$FOXCONN** +40% - surged on strong Q2 revenue jump driven by AI server demand **$META** +3.2% - rebounded amid ongoing AI optimism and legal headwinds easing **$PLTR** +4.5% - rallied on renewed investor interest in AI growth prospects ### Losers **$DRAM** -25% - plunged as key risks in the memory sector started to materialize **$MAGS** -8.7% - Magnificent 7 ETF fell sharply, reflecting profit-taking and rotation **$MICRON (MU)** - data not available but implied weakness from sector trends ## WHAT WORKED Patterns or setups that worked today: - Momentum plays in AI-related hardware and software names, exemplified by **$FOXCONN** and **$PLTR** - Tech rebound off recent lows, especially in mega-cap growth stocks like **$META** - Earnings anticipation setups in names with strong forward guidance ## WHAT FAILED Setups that didn't work: - Chip stock longs, particularly in DRAM and related memory segments, faced sharp reversals due to unfolding risks - Leveraged ETF trades tied to Magnificent 7 stocks suffered as the sector corrected - Some breakout attempts in small caps faded amid broader market caution ## AFTER-HOURS WATCH Earnings or news to monitor tonight: - **$META** - Watch for updates on AI initiatives and legal developments - **$DAL** - Airline earnings could influence cyclical sentiment and travel-related stocks - **$PEP** - Consumer staples earnings to gauge demand trends amid inflation concerns ## TOMORROW PREVIEW **Early Watch:** **$AMZN**, **$NVDA**, **$MSFT** - all poised for moves based on AI momentum and earnings whispers **Catalyst:** Fed minutes release and ongoing OPEC+ supply decisions could impact energy and broad market sentiment **Bias:** Slightly bullish into tomorrow, supported by tech strength but tempered by chip sector caution and oil price softness --- Overall, traders capitalized on AI-driven rallies and tech rebounds, but caution remains in semiconductor and leveraged ETF plays. Watching earnings and macro catalysts will be key for direction in the coming sessions.