Day Trade Cheat Sheet - July 07, 2026 (EOD)

 ## TODAY'S GRADE: B A generally positive day for day traders with strong momentum in select biotech and energy names, but tech weakness and chip sector volatility capped broader gains. ## HOW INDEXES TRADED **SPY:** +0.3% - choppy with modest upside **QQQ:** -0.5% - pressured by chip sector selloff **IWM:** +0.8% - strong small-cap rebound ## BIGGEST MOVERS ### Winners **$CRNX** +98.7% - surged on Vertex Pharmaceuticals acquisition news **$TVRD** +50% - rallied after positive Phase 1 data for STAT3 inhibitor TTI-109 **$MCK** +5% (data not available but implied from healthcare strength) - healthcare sector momentum ### Losers **$MU** - significant decline (exact % not provided) - dragged down by chip sector selloff after Samsung earnings **$SNDK** - sharp drop amid memory sector weakness despite strong YTD gains **$RIVN** - down 10% on 75 million share offering and cautious Q2 revenue guidance ## WHAT WORKED Patterns or setups that worked today: - Biotech breakouts on M&A and clinical data catalysts (e.g., **$CRNX**, **$TVRD**) provided strong momentum plays. - Small-cap strength in **$IWM** names offered good intraday scalps amid broader market caution. - Energy names benefited from geopolitical tensions and oil price jumps, rewarding timely entries. ## WHAT FAILED Setups that didn't work: - Semiconductor and chip-related trades faltered as Samsung’s record profit failed to ease AI valuation concerns, leading to selloffs in **$MU**, **$SNDK**, and others. - Tech momentum faded in the **$QQQ** as investors digested mixed earnings and cautious guidance, causing reversal patterns to fail. - EV plays like **$RIVN** suffered from dilution fears and weak revenue outlook, breaking support levels. ## AFTER-HOURS WATCH Earnings or news to monitor tonight: - **$AMZN** - preparing $25 billion bond sale to fund AI infrastructure, watch for guidance on AI spending and margin impact. - **$META** - facing $1.4 trillion youth safety penalty trial in August, plus AI image model integration updates could influence sentiment. - **$SPCX** (Paramount Skydance) - filings indicate potential developments to watch. ## TOMORROW PREVIEW **Early Watch:** - **$AMZN** on bond sale details and AI investment outlook - **$META** for legal and AI product updates - Select biotech names with upcoming catalysts, including **$CRNX** follow-through **Catalyst:** - FOMC minutes and crude oil inventories data due Wednesday, likely to influence volatility and sector rotation. - Earnings from major banks and industrials may set tone for market breadth. **Bias:** - Neutral to slightly bearish into tomorrow given chip sector weakness and geopolitical oil risks, balanced by healthcare and energy strength. - Watch for defensive rotation and selective biotech plays amid broader tech caution.