Day Trade Cheat Sheet - April 08, 2026 (Morning)

 ## MARKET MOOD: RISK-ON Markets surged overnight as the U.S. and Iran agreed to a two-week ceasefire, easing geopolitical tensions and sparking a broad relief rally. Oil prices plunged sharply, while equities across sectors rallied, led by technology and financials. ## TOP 5 HEADLINES 1. U.S. and Iran Agree to Two-Week Ceasefire → Impact: Geopolitical risk recedes, boosting risk appetite and equity markets globally. 2. Oil Prices Plunge Over 15% on Ceasefire → Impact: Energy sector under pressure; relief for inflation concerns and input costs. 3. Technology Sector Leads Gains with XLK +4.66% → Impact: Renewed optimism in AI and tech growth fuels strong buying interest. 4. Delta Air Lines Stock Soars 13% Despite Rising Fuel Costs → Impact: Airline stocks rally on strong earnings and optimism on travel demand. 5. Levi Strauss Beats Q1 Earnings and Raises Guidance → Impact: Consumer discretionary strength supports retail and apparel stocks. ## PRE-MARKET MOVERS ### Longs (Bullish Catalysts) **$AVGO** - +10.79% on strong AI-related demand and sector rally **$LEVI** - +10.89% after Q1 earnings beat and raised guidance **$LRCX** - +9.23% on AI chip demand optimism **$MU** - +8.98% on strategic AI investments and analyst upgrades **$META** - +5.54% benefiting from tech sector momentum and AI optimism **$COIN** - +5.91% on Australian derivatives license and crypto rally ### Shorts (Bearish Catalysts) **$XOM** - -5.43% on oil price collapse post-ceasefire **$EOG** - -5.68% due to energy sector sell-off amid oil slump **$FANG** - -7.30% energy-related weakness drags down stock **$XELB** - -11.69% on ongoing losses despite cost cuts **$DOW** - -8.26% commodity price pressure weighs on shares **$MOS** - -4.56% impacted by commodity price volatility ## INDEX BIAS **SPY:** BULLISH - Surged 2.73% on easing geopolitical risks and broad sector participation. **QQQ:** BULLISH - Led by strong tech gains (+3.56%), fueled by AI optimism and sector rotation. **IWM:** BULLISH - Small caps rallied 3.85%, reflecting risk-on sentiment and domestic growth hopes. ## SECTORS **Favor:** Technology - XLK up 4.66% as AI and chipmakers lead the market rebound. **Avoid:** Energy - XLE down 4.34% on oil price collapse post-ceasefire, signaling sector weakness. ## CATALYST WATCH Events today that could move markets: - 08:30 AM ET: Weekly Initial Jobless Claims (market impact if deviates from expectations) - 10:00 AM ET: March Wholesale Inventories (signals supply chain and economic activity) - 04:00 PM ET: BlackRock (BLK) Q1 Earnings (expected EPS $12.09, revenue $6.6B) ## BOTTOM LINE **Today's Play:** Selective The dominant theme is relief-driven risk appetite following the U.S.-Iran ceasefire, which has ignited a broad market rally led by technology and financials, while energy stocks face headwinds from plunging oil prices. Day traders should focus on high-momentum tech names like **$AVGO**, **$LRCX**, and **$MU**, as well as consumer discretionary plays like **$LEVI**. Watch for volatility in energy and commodity-linked stocks such as **$XOM** and **$EOG**. Key risks include the fragility of the ceasefire and potential rebounds in oil prices if tensions flare again. Earnings from BlackRock and economic data releases could provide additional directional cues.