## TODAY'S GRADE: B
A generally positive day for traders with solid earnings catalysts and sector rotation, though some key setups failed amid mixed earnings and geopolitical uncertainty.
## HOW INDEXES TRADED
**SPY:** +0.3% - trending higher with steady gains
**QQQ:** +0.4% - moderate strength led by tech earnings
**IWM:** +0.2% - mild upside with some rotation into small caps
## BIGGEST MOVERS
### Winners
**$AMZN** +1.9% - rallied after flashing a key trading signal near $275.14 and strong cloud momentum
**$HPE** +4.0% - surged following Morgan Stanley upgrade to Overweight
**$RAD** +X% (data not available) - rallied on strong earnings and margin expansion
### Losers
**$RKLB** -36.1% - shares plunged last month despite record revenue; weak margins flagged in earnings
**$ASTS** -X% (data not available) - slipped after Q2 earnings miss and revenue shortfall
**$WEN** -X% (data not available) - stock weakened amid CEO transition concerns
## WHAT WORKED
Patterns or setups that worked today:
- Earnings-driven momentum plays: Stocks like **$AMZN** and **$HPE** showed strong follow-through after positive earnings or upgrades.
- Key technical signals: Amazon’s breakout above $275.14 triggered a nearly 2% intraday gain, highlighting the power of technical triggers in a choppy market.
- Sector rotation into AI and data center plays: Support from Bill Ackman for data center expansion plans helped lift related names.
## WHAT FAILED
Setups that didn't work:
- Post-earnings selloffs: Despite beating revenue, some stocks like **$ASTS** and **$SHIM** saw their shares decline, showing that earnings beats alone are no guarantee of upside.
- High-flying space and aerospace stocks: **$RKLB** and **$SPCX** faced pressure despite strong revenue growth, likely due to concerns over margins and geopolitical uncertainty.
- Momentum fade in speculative IPOs: SpaceX shares stalled near IPO price after a recent rally, indicating profit-taking and retail selling pressure.
## AFTER-HOURS WATCH
Earnings or news to monitor tonight:
- **$RKLB** - Q2 earnings report showing record revenue but margin concerns; market reaction will be key given recent 36% drop.
- **$ASTS** - Q2 earnings miss and revenue shortfall; watch for guidance updates.
- **$BNGO** - Q2 earnings call transcript released; biotech sector remains volatile.
- **$P3II** - Q2 earnings transcript available; healthcare sector focus.
- **$SPCX** - SpaceX earnings and share unlock impact to be closely watched after recent volatility.
## TOMORROW PREVIEW
**Early Watch:**
- **$MNDY** - Monday.com post-earnings setup after recent guidance-driven selloff
- **$NVDA** - Nvidia remains in focus after strong weekly gains and AI infrastructure deal news
- **$MSFT** - Microsoft’s RSI near parabolic levels; watch for potential pullback or continuation
**Catalyst:**
- Key economic data including July CPI and inflation metrics will set the tone for Fed expectations.
- Continued earnings flow from tech and industrial sectors.
- Geopolitical developments around the Iran Hormuz situation may impact energy and broader markets.
**Bias:**
Neutral to cautiously bullish into tomorrow, with selective opportunities in tech and AI-related names balanced against geopolitical and margin concerns in aerospace and speculative IPOs.
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