Day Trade Cheat Sheet - July 14, 2026 (EOD)

 ## TODAY'S GRADE: B A generally positive trading day with strong bank earnings and cooling inflation supporting gains, though IBM’s sharp drop and mixed tech sector performance capped broader enthusiasm. ## HOW INDEXES TRADED **SPY:** +0.5% - trending higher on easing inflation and solid financials **QQQ:** +0.7% - led by AI chip and cybersecurity strength despite IBM weakness **IWM:** +1.0% - small caps outperformed amid broad market optimism ## BIGGEST MOVERS ### Winners **$GS** +6.9% - robust Q2 earnings beat with record trading revenue and AI-driven optimism **$SKHY** +X% (data not available) - strong gains on AI-related semiconductor demand and earnings beat **$PHOE** +X% (data not available) - surged on positive earnings and AI infrastructure growth ### Losers **$IBM** -23% - plummeted after a disappointing Q2 earnings warning citing a shift in AI spending patterns **$ISRG** -X% (data not available) - medical device stocks fell amid weak surgical volume outlook and price target cuts **$FAST** -X% (data not available) - despite sales beat, shares fell on margin pressure and tariff concerns ## WHAT WORKED Patterns or setups that worked today: - Bank earnings plays – names like **$GS** and **$JPM** rallied sharply on strong results and upbeat commentary on AI and economic resilience - Semiconductor and AI chip stocks – selective strength in AI infrastructure-related names despite sector volatility, benefiting from strong earnings and positive outlooks ## WHAT FAILED Setups that didn't work: - Software and IT services – dragged down by **$IBM**’s warning and broad concerns about AI spending shifts, causing some software stocks to sell off despite the broader tech rally - Medical device pullbacks – weakness in surgical volumes and analyst downgrades hurt names like **$ISRG**, undermining healthcare tech plays ## AFTER-HOURS WATCH Earnings or news to monitor tonight: - **$ERIC** (Ericsson) - Q2 earnings report expected, following a recent miss and margin pressure that rattled investors - **$ASML** - anticipated to provide updates on capacity and China-related challenges amid ongoing chip sector volatility - **$MSFT** (Microsoft) - watch for commentary on AI investments and growth prospects ## TOMORROW PREVIEW **Early Watch:** - **$MSFT**, **$ASML**, **$ERIC** for key earnings and guidance insights - Select AI and semiconductor names for follow-through on today’s chip sector moves **Catalyst:** - June CPI inflation data release and Fed official testimony, which could influence rate hike expectations and market direction - Continued earnings from major tech and industrial companies **Bias:** - Neutral to cautiously bullish, supported by easing inflation and strong bank earnings but tempered by lingering concerns in software and hardware spending shifts