Day Trade Cheat Sheet - July 06, 2026 (Morning)

 ## MARKET MOOD: MIXED U.S. stock futures are showing gains in the S&P 500 and Nasdaq 100 following a mixed close before the Independence Day weekend, while the Dow Jones futures are down. The market is digesting mixed signals from tech and chip stocks amid ongoing geopolitical tensions and earnings anticipation. ## TOP 5 HEADLINES 1. Broadcom and Apple extend chip supply deal through 2031 → Impact: Supports semiconductor sector, bullish for **$AVGO** and related chipmakers. 2. Tesla robotaxi service expands to Miami → Impact: Positive catalyst for **$TSLA** on growth and innovation prospects. 3. Lockheed Martin to buy Ultra Maritime for $3.45 billion → Impact: Strengthens defense sector, bullish for **$LMT**. 4. Micron and Ford announce long-term memory supply agreement → Impact: Boosts semiconductor and auto sectors, positive for **$MU** and **$F**. 5. OPEC+ raises oil output for fifth straight month → Impact: Pressure on energy prices, bearish for oil-related equities. ## PRE-MARKET MOVERS ### Longs (Bullish Catalysts) **$AVGO** - Chip supply deal extension with Apple through 2031 **$TSLA** - Expansion of robotaxi service to Miami **$MU** - New long-term memory supply deal with Ford **$LMT** - Acquisition of Ultra Maritime for $3.45B **$RIVN** - JPMorgan raises price target after delivery beat ### Shorts (Bearish Catalysts) **$DAL** - Data not available but airline sector pressured by oil output increase **$F** - Despite memory deal, auto sector faces mixed signals **$BMY** - Cantor Fitzgerald reiterates Neutral rating **$DDOG** - Bernstein downgrades on valuation concerns despite AI outlook **$SES** - Barclays cuts rating citing competition concerns ## INDEX BIAS **SPY:** NEUTRAL - Gains in tech and semis offset by weakness in energy and Dow components. **QQQ:** BULLISH - Tech and chip stocks like **$AVGO**, **$MU**, and **$TSLA** showing strength ahead of earnings. **IWM:** NEUTRAL - Small caps mixed amid cautious sentiment and sector rotation. ## SECTORS **Favor:** Technology - Supported by chip supply deals and AI-related optimism. **Avoid:** Energy - OPEC+ output increase raises oversupply concerns, pressuring prices. ## CATALYST WATCH Events today that could move markets: - 10:00 AM ET: ISM Services PMI - Key gauge of service sector health. - 2:00 PM ET: FOMC Meeting Minutes - Market will parse Fed’s tone on inflation and rate policy. ## BOTTOM LINE **Today's Play:** Selective The market is balancing optimism in technology and semiconductors against geopolitical risks and energy oversupply. Key opportunities lie in chipmakers benefiting from extended Apple partnerships and memory supply deals, as well as innovative growth names like **$TSLA**. However, energy and some defensive sectors face headwinds from rising oil output and cautious analyst views. Traders should be selective, focusing on stocks with clear catalysts and earnings momentum while monitoring macroeconomic data and geopolitical developments closely.