Day Trade Cheat Sheet - July 16, 2026 (EOD)

 ## TODAY'S GRADE: C A mixed trading day with chip stocks dragging indexes lower despite strong earnings from Taiwan Semiconductor, while some defensive names and financials showed resilience. ## HOW INDEXES TRADED **SPY:** -0.3% - choppy with downward pressure **QQQ:** -0.7% - weak, led by semiconductor selloff **IWM:** +0.2% - modest strength, small caps outperforming ## BIGGEST MOVERS ### Winners **$UNH** +4.5% - Strong Q2 earnings beat and raised guidance fueled optimism in healthcare **$CFG** +3.2% - Citizens Financial Group beat Q2 revenue estimates; Jefferies raised price target **$KO** +2.1% - Despite fairlife production hit from ransomware, overall outlook supported by UBS upgrade ### Losers **$MU** -9.5% - Micron plunged on profit-taking fears despite AI memory demand optimism **$SKHYNIX** -9.0% - South Korea chip stocks hit hard by selloff amid regulatory concerns **$NFLX** -5.8% - Netflix shares sank after Q2 sales miss and weak Q3 guidance ## WHAT WORKED Patterns or setups that worked today: - Defensive plays in healthcare and financials outperformed, especially on earnings beats (e.g., **$UNH**, **$CFG**) - Small-cap strength in **IWM** suggested rotation into more cyclical and value-oriented names ## WHAT FAILED Setups that didn't work: - Semiconductor momentum trades failed as chip stocks sold off sharply despite strong TSMC earnings, highlighting sector rotation risk - Growth tech names tied to AI hype faced profit-taking and regulatory concerns, causing choppy price action and breakdowns ## AFTER-HOURS WATCH Earnings or news to monitor tonight: - **$NFLX** - Watch for further reaction to Q2 earnings miss and guidance; key for tech sentiment - **$MS** - Morgan Stanley Q2 earnings call to provide insight on financial sector strength and crypto exposure - **$ASML** - ASML Holding earnings and guidance after strong chip equipment demand; important for semiconductor supply chain ## TOMORROW PREVIEW **Early Watch:** **$TSM**, **$MSFT**, **$AMZN** setting up for reaction to chip sector weakness and AI spending outlook **Catalyst:** Key economic data on inflation and employment; continued geopolitical tensions around Iran and Hormuz Strait **Bias:** Neutral to slightly bearish as chip sector pressure offsets defensive earnings strength and cautious macro outlook