Day Trade Cheat Sheet - July 13, 2026 (EOD)

 ## TODAY'S GRADE: C A challenging day for traders as geopolitical tensions and sector-specific selloffs led to choppy price action and mixed results, with tech and chip stocks notably under pressure. ## HOW INDEXES TRADED **SPY:** -0.5% - choppy with downward bias **QQQ:** -1.2% - weak, pressured by tech selloff **IWM:** -0.3% - mild decline, relatively resilient ## BIGGEST MOVERS ### Winners **$MGM** +3.5% - takeover talks with Barry Diller’s People Inc. boosted sentiment **$PAR** +2.8% - hit all-time high on strong operational momentum **$DECK** +2.5% - Jefferies upgrade citing margin outlook improvements ### Losers **$SKHY** -15% - steep drop after Nasdaq debut amid AI memory stock selloff **$SNDK** -8% - dragged down by DRAM sector weakness and AI demand concerns **$ORCL** -5% - slipped to 52-week low amid broad tech weakness and AI spending scrutiny ## WHAT WORKED Patterns or setups that worked today: - Short setups in semiconductor and AI memory stocks, exemplified by **$SKHY** and **$SNDK**, capitalizing on sector rotation and profit-taking. - Defensive plays in energy and select consumer discretionary stocks like **$MGM** and **$PAR** that benefited from geopolitical risk and takeover rumors. ## WHAT FAILED Setups that didn't work: - Long tech momentum trades, especially in AI-related names, failed as renewed U.S.-Iran tensions and rising oil prices spooked growth sectors. - Breakout attempts in chip stocks were quickly reversed due to heavy selling pressure post-IPO and sector-wide weakness. ## AFTER-HOURS WATCH Earnings or news to monitor tonight: - **$JPM** - Big bank earnings expected Tuesday morning, with options traders bracing for volatility. - **$BAC** and **$WFC** - Other major banks reporting soon; focus on trading, investment banking, and commercial lending trends. - **$TSMC** - Reports earnings on July 16; June revenue surged 36%, a key read for chip sector sentiment. ## TOMORROW PREVIEW **Early Watch:** - **$JPM**, **$BAC**, **$WFC** for bank earnings reaction. - **$TSMC** ahead of earnings, potential impact on chip ETFs like **$SMH**. - **$AMZN** and **$META** for AI spending updates and capex guidance. **Catalyst:** - Bank earnings and guidance amid shifting focus from interest rates to business growth drivers. - Geopolitical developments in the Middle East influencing oil prices and risk appetite. - Economic data including inflation readings that could affect Fed policy outlook. **Bias:** - Neutral to bearish near-term given geopolitical risks and sector rotation pressures, but selective opportunities in banks and energy may emerge.