Day Trade Cheat Sheet - April 10, 2026 (Morning)

 ## MARKET MOOD: RISK-ON Markets are rallying on hopes for a U.S.-Iran ceasefire and easing geopolitical tensions, supported by better-than-expected inflation data. Tech and small caps lead gains as investors rotate from defensive sectors. ## TOP 5 HEADLINES 1. US consumer prices surge as expected in March → Impact: Inflation data confirms steady price pressures, supporting a cautious but positive market tone. 2. Wall St futures gain after March inflation data → Impact: Futures point to a higher open, reflecting relief on inflation and geopolitical front. 3. Snap and Qualcomm ink multi-year deal for AR specs → Impact: Boosts AR and tech hardware stocks, signaling growth in wearable tech. 4. SpaceX advances Texas chip plant, eyes production by end of 2026 → Impact: Highlights supply chain independence trend, positive for chipmakers and aerospace. 5. Piper Sandler predicts rotation out of big tech, modest 5% upside → Impact: Suggests cautious optimism with sector rotation, favoring selective tech and cyclicals. ## PRE-MARKET MOVERS ### Longs (Bullish Catalysts) **$AMZN** - +5.83% on strong momentum and positive analyst sentiment **$META** - +3.84% after AI integration gains and partnership news **$TSM** - +2.17% on record revenue and strong AI chip demand **$AVGO** - +2.24% on broad semiconductor strength **$SNAP** - +5.50% following AR deal with Qualcomm **$ETN** - +5.04% on strong industrial demand ### Shorts (Bearish Catalysts) **$ADSK** - -7.61% on profit-taking and sector rotation **$SNOW** - -11.33% amid broader SaaS selloff **$PLTR** - -8.23% on valuation concerns and AI risk **$NOW** - -9.43% downgraded by UBS, price target cut **$SAIL** - -9.19% on insider selling and weak outlook **$ILMN** - -3.31% on competitive pressures ## INDEX BIAS **SPY:** BULLISH - Up 0.72%, supported by easing inflation fears and geopolitical optimism. **QQQ:** BULLISH - Led by tech strength and AR/AI catalysts, up 0.89%. **IWM:** BULLISH - Small caps rally 0.74%, reflecting risk appetite and rotation into cyclicals. ## SECTORS **Favor:** Technology - Strong earnings, AI-driven demand, and key partnerships driving gains. **Avoid:** Energy - Down 1.44%, pressured by Saudi export steadiness despite regional tensions. ## CATALYST WATCH - 08:30 AM ET: US CPI inflation data for March (confirmed surge) - 10:00 AM ET: US Producer Price Index (PPI) release - 11:00 AM ET: Powell and Bessent meeting with bank CEOs on AI cyber risks - 04:00 PM ET: Earnings from American Strategic Investment and others ## BOTTOM LINE **Today's Play:** Selective Markets are in a risk-on mood fueled by easing geopolitical tensions and steady inflation data, favoring tech and cyclicals. Watch for rotation out of mega-cap tech into AI beneficiaries and industrials. Key risks include renewed Middle East volatility and profit-taking in overextended SaaS names. Focus on high-conviction longs like **$AMZN**, **$META**, and **$TSM**, while avoiding weak SaaS and energy stocks.