Day Trade Cheat Sheet - July 10, 2026 (EOD)

 ## TODAY'S GRADE: B A generally positive trading day with strong tech and chip sector performances offsetting some sector-specific weakness and geopolitical concerns. ## HOW INDEXES TRADED **SPY:** +0.3% - trending higher with moderate strength **QQQ:** +0.7% - led by tech and semiconductor gains, showing bullish momentum **IWM:** +0.1% - choppy, small-cap lagging amid mixed sector performance ## BIGGEST MOVERS ### Winners **$SKHYX** +14% - Blockbuster U.S. Nasdaq debut with $26.5 billion ADR offering fueling AI chip optimism **$META** +3.5% - Bill Ackman’s large position rebounds strongly on renewed AI optimism and data center expansion plans **$WDFC** +15% - WD-40 beats Q3 earnings expectations, driving a sharp rally ### Losers **$DAL** -2.5% - Despite record revenue and profit beat, rising fuel costs weighed on sentiment **$RIVN** -3% - Shares fell despite raised guidance, reflecting investor caution on valuation and competition **$PFE** -1.2% - Price target cut by BofA Securities despite FDA approval of new bladder cancer label ## WHAT WORKED Patterns or setups that worked today: - **IPO Debut Momentum:** SK Hynix’s strong debut and follow-through buying in related leveraged ETFs demonstrated the power of marquee IPOs in driving sector rallies. - **Earnings Beat Breakouts:** WD-40’s 15% jump post-earnings showed that solid margin beats can trigger sharp momentum runs. - **AI-Related Tech Strength:** Meta’s rebound and chip stocks like SK Hynix and Broadcom benefited from renewed AI spending enthusiasm, confirming the sector’s leadership role. ## WHAT FAILED Setups that didn't work: - **Airline Earnings Fade:** Delta’s profit beat was not enough to overcome concerns about fuel costs, leading to a pullback, showing that cost pressures remain a key risk for the sector. - **Guidance-Driven Selloffs:** Rivian’s raised guidance failed to sustain the stock, indicating investor skepticism on valuation and competitive pressures in EV space. - **Pharma Downgrades:** Pfizer’s neutral rating and price target cut despite FDA label expansion highlighted that regulatory wins alone may not be enough to drive share gains. ## AFTER-HOURS WATCH Earnings or news to monitor tonight: - **$JPM** - Upcoming Q2 earnings on July 14 will be key to gauge financial sector momentum amid mixed economic signals. - **$MSFT** - As a tech bellwether, its earnings will be critical to confirm ongoing AI-driven growth narratives. - **$TSLA** - Watch for updates on Grok AI integration and any commentary on robotaxi regulatory risks, which could impact near-term sentiment. ## TOMORROW PREVIEW **Early Watch:** **$JPM**, **$MSFT**, **$TSLA** setting up for earnings reactions; chip stocks to follow SK Hynix’s lead. **Catalyst:** Key Q2 earnings from major banks and tech giants; geopolitical tensions and inflation data could add volatility. **Bias:** Mildly bullish into tomorrow, supported by strong tech and chip sector momentum but tempered by macro and geopolitical uncertainties.