What are some good day trades for today

Screening Filters

1. Market Cap ≥ $2,000,000,000

   • Purpose: Focus on larger, more established companies.
   • Rationale:
     • Day traders typically prefer mid- to large-cap stocks because they are more liquid, have tighter bid-ask spreads, and are less prone to extreme manipulation than microcaps or penny stocks.
     • A minimum market cap of $2B helps filter out thinly traded, highly speculative names that can be dangerous for intraday trading.

2. Price Between $5 and $80

   • Purpose: Target tradable price ranges suitable for active intraday strategies.
   • Rationale:
     • Below $5: Stocks often behave like penny stocks, with wider spreads, higher manipulation risk, and less reliable order book depth.
     • Above $80: Higher-priced stocks can be harder for many day traders to size positions and scale in/out efficiently, especially with smaller accounts.
     • The $5–$80 range balances affordability (for flexible position sizing) and quality (avoiding many ultra-low-quality names).

3. Monthly Average Dollar Volume ≥ $2,000,000

   • Purpose: Ensure strong liquidity for entering and exiting trades quickly.
   • Rationale:
     • Dollar volume (price × volume) is a better liquidity measure than share volume alone.
     • A minimum of $2M/day on average (over a month) helps ensure:
       • Tighter bid-ask spreads
       • Sufficient depth so you can get filled near the quoted price
       • Reduced slippage when day trading in and out within minutes or hours.

4. Relative Volume ≥ 2

   • Purpose: Highlight stocks trading with unusually high activity today vs. their norm.
   • Rationale:
     • Relative volume compares current volume to average volume. A value ≥ 2 means the stock is trading at least twice its typical volume.
     • This often signals a catalyst (news, earnings, analyst upgrades/downgrades, sector moves) and is exactly what day traders look for:
       • More participation
       • Cleaner intraday trends
       • Larger intraday price ranges and better opportunities.

5. Intraday Price Change % Between 4% and 15%

   • Purpose: Find stocks already making a significant intraday move but not at completely blowout extremes.
   • Rationale:
     • At least +4%: Indicates the stock is in play today with meaningful movement—enough volatility for a potential day trade.
     • Cap at +15%: Avoids some of the most parabolic, “blow-off” type moves that can reverse violently and are often harder to trade with controlled risk.
     • This band (4–15%) aims to strike a balance: volatile enough to matter, but not so extreme that risk becomes unmanageable for most traders.

6. Exchanges: XNYS, XNAS, XASE (NYSE, NASDAQ, AMEX)

   • Purpose: Limit results to major, regulated U.S. exchanges.
   • Rationale:
     • These exchanges have better oversight, higher average liquidity, and tighter spreads than OTC or pink sheets.
     • For day trading, execution quality and reliable market data are critical; sticking to NYSE/NASDAQ/AMEX supports that.

7. Region: United States

   • Purpose: Match your request for U.S. stocks.
   • Rationale:
     • Ensures all candidates are U.S.-listed and follow U.S. trading hours and regulations, directly aligning with “the US stock market” portion of your query.

Why Results Match Your “Good Day Trades” Request

• The screen focuses on high-liquidity, mid/large-cap U.S. stocks (market cap, dollar volume, exchanges, region) so you can get in and out quickly with less slippage.
• It emphasizes today’s active movers (relative volume ≥ 2 and price change 4–15%), highlighting stocks with fresh catalysts and strong intraday momentum—core ingredients for day trading.
• It avoids many ultra-low-priced and illiquid names (price and market cap filters) that are riskier and harder to trade effectively intraday.

Together, these filters are designed not to “guarantee winners,” but to surface high-probability day-trading candidates: liquid U.S. stocks that are actively moving today and are tradable for most account sizes.