Day Trade Cheat Sheet - August 04, 2026 (EOD)

 ## TODAY'S GRADE: A Strong momentum in semiconductors and AI-related names powered the market to new highs, with key earnings beats and analyst upgrades fueling bullish sentiment. ## HOW INDEXES TRADED **SPY:** +1.71% - trending higher with record highs **QQQ:** data not available **IWM:** data not available ## BIGGEST MOVERS ### Winners **$PLTR** +27% - Blowout Q2 earnings with raised price targets and FY outlook, driven by accelerating revenue growth and AI demand **$AVGO** +4% - Broadcom rallied on Palantir’s strong earnings and anticipation ahead of its own September report **$CAT** +9-10% (multiple reports) - Record quarterly revenue and raised sales outlook on data center demand and strong execution ### Losers **$F** - data not available but noted lower on sluggish July US auto sales **$AMD** - Despite beating Q2 estimates, stock reversed after hours, reflecting mixed sentiment on growth outlook **$PINS** - Fell after earnings beat due to slower revenue growth guidance amid rising ad competition ## WHAT WORKED Patterns or setups that worked today: - Earnings-driven momentum plays in semiconductor and AI-related stocks such as **$PLTR**, **$CAT**, and **$AVGO** - Relief rallies in chipmakers following strong sector earnings and analyst upgrades, exemplified by the 16.8% four-day surge in SOXX - Buy-the-dip strategies in beaten-down tech names with strong fundamentals, supported by whale option activity ## WHAT FAILED Setups that didn't work: - Momentum trades in some growth names like **$AMD** failed to hold after earnings, indicating profit-taking and cautious sentiment despite beats - Defensive or cyclical names tied to weaker fundamental data, such as **$F** on disappointing auto sales, struggled to sustain gains - Stocks with mixed earnings signals like **$PINS** saw sell-offs despite beating estimates, highlighting the importance of forward guidance ## AFTER-HOURS WATCH Earnings or news to monitor tonight: - **$SPCE** (SpaceX) - First quarterly earnings as a public company, with strong revenue growth but concerns over AI-related costs and valuation - **$AMD** - Continued post-earnings price action to watch for confirmation of growth trajectory - **$SNAP** - Recent Q2 report showed improvement; market will watch for follow-through ## TOMORROW PREVIEW **Early Watch:** Semiconductor stocks including **$MU**, **$MRVL**, and AI infrastructure plays like **$SNDK** and **$ENTG** **Catalyst:** Continued Q2 earnings flow, updates on AI spending trends, and key economic data including ADP jobs and PMI surveys **Bias:** Bullish into tomorrow, supported by strong sector earnings and easing geopolitical tensions, but cautious on mixed guidance from some growth names --- Overall, the market showed strong leadership from AI and semiconductor sectors, with earnings beats and analyst upgrades driving momentum. Traders capitalized on earnings momentum and relief rallies, while setups relying on weak guidance or cyclical headwinds faltered. Focus remains on upcoming earnings and economic data for confirmation of the current bullish trend.