Day Trade Cheat Sheet - August 05, 2026 (EOD)

 ## TODAY'S GRADE: B A generally positive day for traders with strong earnings catalysts driving momentum, though some high-profile earnings misses and guidance cuts created pockets of volatility. ## HOW INDEXES TRADED **SPY:** +0.49% - trending higher with steady gains **QQQ:** data not available **IWM:** data not available ## BIGGEST MOVERS ### Winners **$SHOP** +17% - robust Q2 revenue beat and raised Q3 outlook fueled buying enthusiasm **$LLY** + strong gains (exact % not provided) - surging demand for weight-loss drugs Mounjaro and Zepbound lifted shares **$MTRN** + strong gains (exact % not provided) - earnings beat with revenue topping estimates ### Losers **$AMD** -8% (premarket) - despite beating expectations, guidance disappointed and concerns over AI-related costs weighed **$SPCX (SpaceX)** - over 8% decline - heavy AI spending and lockup expiration fears spooked investors despite earnings beat **$WDC (Western Digital)** -16% - earnings miss and margin concerns triggered sharp selloff ## WHAT WORKED Patterns or setups that worked today: - Earnings gap-and-go plays, exemplified by **$SHOP** and **$LLY**, where strong beats and raised guidance led to sustained rallies. - Momentum trades in healthcare and biotech names benefiting from positive earnings and pipeline news, such as **$MTRN** and **$LMAT**. - Whale activity in consumer discretionary stocks like **$AMZN**, **$TSLA**, and **$NKE** provided directional cues for day trades. ## WHAT FAILED Setups that didn't work: - Post-earnings short squeeze setups in tech, notably **$AMD** and **$SPCX**, where initial optimism faded due to cautious guidance and lockup-related selling pressure. - Defensive or dividend plays like **$WDC** failed as earnings and margin concerns outweighed safe-haven appeal. - Some AI-related semiconductor names saw choppy action amid regulatory concerns and mixed earnings, complicating breakout trades. ## AFTER-HOURS WATCH Earnings or news to monitor tonight: - **$EMR (Emerson Electric)** - Citigroup maintains Buy rating with raised price target of $182, watch for reaction to earnings and outlook. - **$ATEC (Alphatec Holdings)** - UBS and TD Cowen maintain Buy with raised targets, earnings update could drive momentum. - **$CALY (Callaway Golf)** - Goldman Sachs maintains Neutral but raises price target to $19, earnings reaction to watch. - **$CDW** - shares tumbled 8% despite earnings beat; further after-hours moves possible. - **$UBS** - analyst upgrades and raised targets on several names could influence sentiment. ## TOMORROW PREVIEW **Early Watch:** - **$EMR**, **$ATEC**, **$CALY** for earnings reactions and analyst guidance shifts - Semiconductor and AI-related names for follow-through or reversal after mixed earnings in **$AMD** and **$SPCX** - Consumer discretionary stocks with whale activity signals like **$AMZN**, **$TSLA**, and **$NKE** **Catalyst:** - Continued earnings flow with focus on guidance and margin commentary - Market reaction to SpaceX lockup expiration and AI spending concerns - Economic data and Fed commentary for clues on rate policy and inflation trajectory **Bias:** - Neutral to cautiously bullish into tomorrow, with selective sector strength in healthcare and consumer discretionary balanced by tech volatility and lockup-related selling pressure. - Traders should watch for follow-through in strong earnings names and be wary of extended moves in stocks facing guidance or margin headwinds.