Notice: The Daily Setups are provided for informational purposes only and are not intended as a stock-picking service. The charts and information provided are intended to aid research and analysis and should only be used as indicators. They should not be considered as a direct trigger to buy or sell any security. The creator assumes no responsibility for any actions readers take and strongly advises each individual to fully understand the risks and potential consequences before making any investment decisions. Please note that the charts shared are not intended as signals to buy or sell but as a tool to add to your watchlist and analyze according to your trading ability. Remember that not all charts will result in buy or sell actions at any time.
Just a friendly reminder: We update the sector chartists every weekend. We highly recommend that you take some time to browse and create your watchlist. Please pay close attention to the Daily Setups and Workspace scan results for potential future additions to stay ahead of the game.
If you’re facing challenges understanding the Daily Setups or need help crafting a trading strategy, don’t hesitate to ask for assistance. You can contact me via email at info@setyourstop.com or reach me through the Workspace. Let’s schedule a meeting to address your specific requirements and provide you with the guidance you need.
Sample Trading System
The following trading system is presented as an educational example and should not be interpreted as financial advice. Past performance does not guarantee future results, and trading involves inherent risks. Please consult with a qualified financial advisor before implementing any trading strategies.
Canadian Daily Setups
BNS.TO – The Bank of Nova Scotia
The Bank of Nova Scotia is in the process of breaking out from a significant falling wedge, signifying a bottoming pattern or could be looked at as a continuation pattern.
LINK TO CHART – https://schrts.co/rzmjuDtH
CTS.TO – Converge Technology Solutions Corp.
Converge Technology Solutions is consolidating in a tight range beneath its trigger line following a substantial multi-year wedge breakout. Keep a close watch for the potential emergence of upside strength.
LINK TO CHART – https://schrts.co/zdUPBpDw
ECN.TO – ECN Capital Corp.
ECN Capital observed another strong day as price action endeavors to break out from its bottoming pattern.
LINK TO CHART – https://schrts.co/QcHafZVz
TLRY.TO – Tilray Inc.
Tilray has appeared on the momentum scanner. Add this chart to your watchlist and monitor for the potential continuation of upside strength, which might lead to a breakout.
LINK TO CHART – https://schrts.co/nziVaRva
XRE.TO – iShares S&P/TSX Capped REIT Index ETF
The iShares S&P/TSX Capped REIT Index ETF is setting up in the form of a large wedge pattern. Keep a close watch for the continuation of upside strength, which could signal a breakout.
LINK TO CHART – https://schrts.co/kiFZTKsx
XUT.TO – iShares S&P/TSX Capped Utilities Index ETF
The iShares S&P/TSX Capped Utilities Index ETF seems to be attempting to form a V bottom. Keep an eye on the continuation of upside strength, especially as many utility names appear on the momentum scanner.
LINK TO CHART – https://schrts.co/yaVcMuPg
To bring our report to a close, we thank you for your engagement and insights. Your feedback is of great value, and we encourage you to share your recommendations. Stay attentive to the Daily Setups, the Workspace, and the Watchlists for emerging opportunities. Additionally, be sure to explore the scanner result PDFs provided below. Until next time, happy trading!
Canadian Scanner Results
Click on the CandleGlance chart to view it in full size. Find a chart that matches your criteria or interests. You can easily save it to your watchlist on StockCharts.com for further analysis and tracking or copy and paste the ticker list into your chart provider.
EXPORT – Canadian Scanner Results – 2023-12-28
AAPL.NE, ABXX.NE, ACO/X.TO, ACT.CA, AEP.V, AI.TO, ALA.TO, ALYA.TO, AMD.NE, AP/UN.TO, ARE.TO, ARG.TO, ATD.TO, ATD/A.TO, ATRL.TO, BBD/B.TO, BHC.TO, BIPC.TO, BLX.TO, BNS.TO, BPF/UN.TO, CAD.V, CAR/UN.TO, CCA.TO, CCL/B.TO, CFP.TO, CHP/UN.TO, CIA.TO, CJT.TO, CLS.TO, CMI.V, CRON.TO, CRR/UN.TO, CRT/UN.TO, CTS.TO, CU.TO, CURA.TO, D/UN.TO, DNG.TO, DR.TO, DSG.TO, DXT.TO, ECN.TO, EFN.TO, ELE.V, EMA.TO, ERE/UN.TO, ETHH.TO, EXRO.TO, FCR/UN.TO, FFH.TO, FSZ.TO, GFL.TO, GOOG.NE, GPV.V, GRA.TO, GRT/UN.TO, GTII.CA, GWO.TO, HITI.V, HLF.TO, HME.V, HPS/A.TO, HR/UN.TO, IBT.V, IFC.TO, IIP/UN.TO, JWEL.TO, L.TO, LB.TO, LBS.TO, LMN.V, LSPD.TO, MDF.TO, MDP.TO, MFC.TO, MG.TO, MKO.V, MMED.NE, MSFT.NE, MTY.TO, MVRS.NE, NA.TO, NEO.TO, NGEN.V, NPI.TO, NPK.TO, NVDA.NE, NWC.TO, NWH/UN.TO, OGI.TO, ONC.TO, PAY.TO, PET.TO, PLC.TO, PLZ/UN.TO, PMZ/UN.TO, PRV/UN.TO, PTI/UN.TO, PYPL.NE, QSR.TO, RAY/A.TO, RBA.TO, RCH.TO, RCK.V, REAL.TO, REI/UN.TO, SGD.V, SGR/UN.TO, SIA.TO, SLF.TO, SOY.TO, SRU/UN.TO, STN.TO, SYZ.TO, T.TO, TIXT.TO, TLRY.TO, TTNM.TO, TWM.TO, VISA.NE, VNP.TO, VRNO.NE, WCN.TO, WELL.TO, WFG.TO, WJX.TO, WN.TO, WPK.TO, WSP.TO, X.TO
