Day Trading Digest: Daily Stock Ideas 4/10/2024

Market is still in grind mode. The QQQ SPY are both in range with the tech market distributing a bit.  Gaps are fading. The market has 4 cycles and only one of them is Bull Market where you can use pure trend trading tactics.  We are not in that market currently the gaps are fading and the mean reversion trades are working.  Look at MU, NVDA these kind of stocks last few days. Every gap fades off .

This is a tactical market for scalping unless your trading energy or metals.


8:30 am Consumer price index March 0.3% 0.4%
8:30 am Core CPI March 0.3% 0.4%
8:30 am CPI year over year 3.4% 3.2%
8:30 am Core CPI year over year 3.7% 3.8%
8:45 am Fed Gov. Michelle Bowman speaks
10:00 am Wholesale inventories March 0.5% -0.3%
12:45 pm Chicago Fed President Austan Goolsbee speaks
2:00 pm Minutes of Fed’s March FOMC meeting
2:00 pm Monthly U.S. federal budget March -$220B -$378B




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