Day Trade Cheat Sheet - July 11, 2026 (Morning)

 ## MARKET MOOD: MIXED Overnight sentiment is cautious as markets digest a mix of strong AI-driven earnings optimism and geopolitical tensions around Iran. Chip stocks and AI-related names show strength, while concerns about Fed policy divergence and energy supply risks keep traders selective. ## TOP 5 HEADLINES 1. Broadcom Announces $30 Billion Chip Deal → Impact: Reinforces chip sector strength and AI investment themes. 2. SK Hynix Raises $26.5 Billion in U.S. IPO → Impact: Signals robust demand for AI memory chips, supporting semiconductor rallies. 3. Meta Pulls AI Image Feature After Privacy Backlash → Impact: Highlights regulatory and consumer sensitivity around AI, pressuring some tech names. 4. Fed Minutes Reveal Committee Divisions → Impact: Adds uncertainty to interest rate outlook, increasing market caution. 5. Oregon Drops Motion to Delay Paramount-Warner Bros Deal → Impact: Removes a legal hurdle, potentially boosting media sector sentiment. ## PRE-MARKET MOVERS ### Longs (Bullish Catalysts) **$AVGO** - $30B chip deal announced, boosting AI growth prospects **$MU** - CEO announces $250B AI memory chip investment **$SKHY** - Successful $26.5B IPO highlights AI memory demand **$MSFT** - Strong AI-driven earnings and productivity gains reported **$PLTR** - Positioned as an elite bet on software recovery **$RXT** - AI partnership focus supports growth narrative ### Shorts (Bearish Catalysts) **$META** - AI image feature pulled amid privacy backlash **$NOW** - Shares down 2% as investors digest AI partnership news **$INTC** - Data not available but recent headlines suggest turnaround skepticism **$CORE** - Stock sank 11% after Meta’s cloud business plan announcement **$TWLO** - Analysts advise waiting for pullback before buying ## INDEX BIAS **SPY:** NEUTRAL - Mixed signals from AI optimism and Fed policy uncertainty keep the S&P range-bound. **QQQ:** BULLISH - Strong chip and AI earnings, led by **$NVDA**, **$AVGO**, and **$MU**, support tech-heavy Nasdaq. **IWM:** NEUTRAL - Small caps show some caution amid geopolitical risks and sector rotation. ## SECTORS **Favor:** Technology - AI investments and chip sector IPOs drive upside potential. **Avoid:** Media & Communication - Legal uncertainties and privacy issues weigh on names like **$META** and **$WBD**. ## CATALYST WATCH - 08:30 AM ET: Weekly Jobless Claims – May influence Fed rate expectations. - 10:00 AM ET: June CPI Data – Key inflation gauge that could sway market direction. - 04:00 PM ET: Earnings from **$NVDA**, **$MU**, **$RXT** – Critical for tech sector momentum. ## BOTTOM LINE **Today's Play:** Selective Markets balance strong AI and semiconductor sector momentum against Fed policy uncertainty and geopolitical tensions. Focus on high-conviction tech longs like **$AVGO**, **$MU**, and **$SKHY**, while monitoring risk in privacy-sensitive and media stocks such as **$META** and **$NOW**. Watch CPI and jobless claims for clues on inflation and interest rates. The dominant theme is selective participation in AI-driven growth amid broader macro caution.