The Trading Post | 07.22.26

July 22, 2026

Good morning,

Chip stocks just dragged Wall Street back toward the top of its range, traders are piling into AI names ahead of megacap earnings, market breadth is improving, post-earnings gaps are creating clean winners and wrecks, and rising oil and Treasury yields are reminding everyone that macro risk never leaves—it just waits quietly behind the curtain.

Let’s jump in.

Pre-Market Performance

As of 07.21.26 market close.

Market News

  • Semis Reclaim Leadership: The SOX surged 5.2% as the Nasdaq gained 1.3%, pushing the S&P 500 back toward the critical 7,525–7,550 resistance zone; a confirmed breakout targets roughly 7,675, while another rejection could reopen downside toward 7,300. Metrobank Wealth Insights | Equity Clock

  • Earnings FOMO Hits the Gas: Traders are front-running results from Alphabet, Intel, Texas Instruments, and other AI-linked names, creating plenty of upside momentum—and an equally healthy supply of “priced-for-perfection” rug-pull potential. TheStreet Pro

  • Breadth Finally Shows Up: Nine of eleven sectors closed higher as technology led the advance and defensives lagged, supporting continued rotation toward growth and cyclical exposure as long as relative-strength trends remain intact. Metrobank Wealth Insights

  • Earnings Create Winners and Wrecks: 3M and Hasbro surged after raising forecasts, while Danaher and MSCI sank after disappointing guidance—because earnings season remains the market’s favorite way to separate strong charts from falling furniture. Metrobank Wealth Insights

  • Macro Risk Stays Annoyingly Relevant: Oil remains near five-week highs, the dollar is holding firm, and the 10-year Treasury yield is hovering around 4.63% as markets price a steady Fed with a non-zero chance of another hike later this year. Reuters

Earnings We’re Watching

  • AT&T Corp. (T) - Wednesday (BMO)

  • CME Group Inc (CME) - Wednesday (BMO)

  • Equinor ASA (EQNR) - Wednesday (BMO)

  • GE Vernova Inc. (GEV) - Wednesday (BMO)

  • Moody’s Corporation (MCO) - Wednesday (BMO)

  • Northern Trust Corporation (NTRS) - Wednesday (BMO)

  • Otis Worldwide Corporation (OTIS) - Wednesday (BMO)

  • Philip Morris International Inc (PM) - Wednesday (BMO)

  • PulteGroup, Inc. (PHM) - Wednesday (BMO)

  • Rogers Communications Inc (RCI) - Wednesday (BMO)

  • RPM International Inc. (RPM) - Wednesday (BMO)

  • TE Connectivity Ltd. (TEL) - Wednesday (BMO)

  • Teledyne Technologies Inc. (TDY) - Wednesday (BMO)

  • Travel + Leisure Co. (TNL) - Wednesday (BMO)

  • Wabtec Corporation (WAB) - Wednesday (BMO)

  • Weatherford International plc (WFRD) - Wednesday (BMO)

  • Community Health Systems, Inc. (CYH) - Wednesday (AMC)

  • CSX Corp. (CSX) - Wednesday (AMC)

  • First American Corp (FAF) - Wednesday (AMC)

  • Globe Life Inc. (GL) - Wednesday (AMC)

  • Google (GOOG) - Wednesday (AMC)

  • International Business Machines Corp. (IBM) - Wednesday (AMC)

  • Kaiser Aluminum Corp. (KALU) - Wednesday (AMC)

  • Kinder Morgan, Inc. (KMI) - Wednesday (AMC)

  • Knight-Swift Transportation Holdings Inc. (KNX) - Wednesday (AMC)

  • Liberty Energy Inc. (LBRT) - Wednesday (AMC)

  • Molina Healthcare Inc. (MOH) - Wednesday (AMC)

  • Packaging Corporation of America (PKG) - Wednesday (AMC)

  • Pinnacle Financial Partners, Inc (PNFP) - Wednesday (AMC)

  • Raymond James Financial, Inc. (RJF) - Wednesday (AMC)

  • Reliance, Inc. (RS) - Wednesday (AMC)

  • RenaissanceRe Holdings, Ltd. (RNR) - Wednesday (AMC)

  • Rollins Inc. (ROL) - Wednesday (AMC)

  • ServiceNow, Inc. (NOW) - Wednesday (AMC)

  • Sonoco (SON) - Wednesday (AMC)

  • Southwest Airlines Co. (LUV) - Wednesday (AMC)

  • Tesla, Inc. (TSLA) - Wednesday (AMC)

  • Texas Instruments Incorporated (TXN) - Wednesday (AMC)

  • United Rentals, Inc. (URI) - Wednesday (AMC)

  • Waste Connections Inc. (WCN) - Wednesday (AMC)

Trade Ideas

American Express Company (AXP), Boeing Company (BA), Broking Holdings Inc (BKNG),
SPDR Gold Trust (GLD)

Corning Incorporated (GLW), Robinhood Markets, Inc (HOOD), iShares Russell 2000 Index Fun (IWM), QUALCOMM Incorporated (QCOM)

United Airlines Holdings Inc (UAL), Wayfair Inc (W), American Express Company (AXP),
Boeing Company (BA)

Want to learn how we trade these? Learn the setup we call the “High Volatility Switchback” trade.

Get these ideas delivered to your inbox daily with Trade With Rob. It’s 100% free. Sign up here.

Daily Moment of Zen

❝

The problem of social organization is how to set up an arrangement under which greed will do the least harm.

Milton Friedman

Why It Matters:

Markets are not designed to eliminate greed. That would be like designing a casino to eliminate optimism.

Greed provides liquidity, funds innovation, and occasionally convinces someone to buy your shares at the exact moment you were praying for an exit. The problem begins when ambition outruns accountability and risk becomes something other people are expected to absorb.

Trading works the same way. You do not need to eliminate the desire to make money; you need rules that keep it from commandeering the account. Position sizing, stop losses, defined risk, and profit targets are not signs of pessimism. They are the arrangement under which your greed can do the least harm.

Because greed may get you into the trade—but discipline determines whether you still have an account afterward.