What are good day trade buys today

Screening Filters

1. Price: $10–$60

   • Purpose: Focus on tradable, reasonably priced stocks suitable for smaller accounts and active day trading.
   • Rationale:
     • Under ~$10 you get many low‑quality/penny stocks with wild, unpredictable moves and poor fills.
     • Above ~$60, each share ties up more capital, which is not ideal for someone with under $1,000 who may want multiple entries or scaling.
     • This band targets liquid mid‑cap and large‑cap names that move enough for day trades but are still capital‑efficient.

2. Monthly average dollar volume ≥ $3,000,000

   • Purpose: Ensure strong liquidity and tight spreads.
   • Rationale:
     • Dollar volume (price × volume) is what matters for getting in and out quickly without big slippage—critical for day traders.
     • A $3M+ threshold filters out thinly traded tickers where a few orders can move the price against you and where order execution can be slow or costly.

3. Relative volume ≥ 2

   • Purpose: Capture stocks that are trading at least twice their normal volume today.
   • Rationale:
     • High relative volume signals unusual interest (news, upgrades, sector moves, etc.), which is exactly when intraday ranges expand.
     • Day traders need today’s action, not just generally active stocks. RelVol ≥ 2 finds names likely to have strong intraday momentum and tradeable swings.

4. RSI category: “moderate”

   • Purpose: Avoid names that are extremely overbought or oversold, but still have momentum.
   • Rationale:
     • Extremely high RSI can indicate a move that is already very extended and prone to sharp reversals—risky for buying late as a day trader.
     • Extremely low RSI often corresponds to falling knives, more suited to shorting or bottom-fishing strategies rather than “good buys.”
     • A moderate RSI zone tends to favor continuation setups where the stock can still move intraday but isn’t at a blow‑off extreme.

5. Moving average relationship: PriceAboveMA5 and PriceAboveMA20

   • Purpose: Require a clear short-term uptrend for long day trades.
   • Rationale:
     • Price above the 5‑day MA: very short‑term momentum is up; intraday dips are more likely to be bought.
     • Price above the 20‑day MA: broader short‑term trend is also up, so you’re trading with the prevailing direction.
     • Together, these conditions bias the list toward bullish momentum names, which align with a “day trade buy” mindset rather than short setups.

6. MACD: bullish, positive

   • Purpose: Confirm upward momentum using a widely respected trend indicator.
   • Rationale:
     • A bullish/positive MACD suggests that the shorter-term moving average is above the longer-term one and momentum is in favor of buyers.
     • This reduces the chance of picking stocks that look strong only on price but are actually losing underlying momentum.

7. Price change % today: between +5% and +18%

   • Purpose: Target stocks already making a meaningful move today, but not to an unsustainably extreme degree.
   • Rationale:
     • A minimum of +5% ensures there’s enough intraday volatility and range for a day trader to capture. Flat or +1–2% names are often too sleepy.
     • A maximum around +18% avoids the most parabolic movers where risk of abrupt intraday reversals and “buying the top” is very high.
     • This band tries to balance “has juice” with “not completely blown out.”

8. Region: United States

   • Purpose: Match the user’s request for “US stock market” only.
   • Rationale:
     • Excludes foreign exchanges with different trading hours, rules, and liquidity patterns.
     • Keeps the list to US‑listed companies that a US‑focused day trader can access during regular US market hours.

9. Exchange: XNYS, XNAS, XASE (NYSE, NASDAQ, NYSE American)

   • Purpose: Restrict results to major, reputable US exchanges.
   • Rationale:
     • Avoids OTC and other lightly regulated venues with much poorer liquidity and higher manipulation risk.
     • NYSE/NASDAQ/NYSE American listings tend to have better transparency, tighter spreads, and more consistent data—important for intraday trading decisions.

Why Results Match the User’s Request

• The filters explicitly target US stocks on major US exchanges, matching “US stock market today.”
• Liquidity and volume filters (dollar volume and relative volume) ensure the stocks are actively traded today, allowing fast entries/exits and tight spreads—vital for day trading.
• Trend and momentum filters (RSI moderate, price above short MAs, bullish MACD, 5–18% price move) bias the list toward bullish intraday momentum setups, i.e., candidates for “good day trade buys” rather than shorts or illiquid laggards.
• The price range fits traders with smaller accounts (like your previous DAL context, under $1,000), allowing you to take a meaningful number of shares and manage risk properly.

Together, these filters are designed to surface US stocks that are liquid, active today, and technically aligned with short-term buy-side day trading strategies.