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.WEDNESDAY, APRIL 108:30 amConsumer price indexMarch0.3%0.4%8:30 amCore CPIMarch0.3%0.4%8:30 amCPI year over year3.4%3.2%8:30 amCore CPI year over year3.7%3.8%8:45 amFed Gov. Michelle Bowman speaks10:00 amWholesale inventoriesMarch0.5%-0.3%12:45 pmChicago Fed President Austan Goolsbee speaks2:00 pmMinutes of Fed's March FOMC meeting2:00 pmMonthly U.S. federal budgetMarch-$220B-$378B[embed]https://youtu.be/dPjqrJ3_KuM[/embed]