Notice: The Daily Report is provided for informational and educational purposes only and is not intended to be used as a stock-picking service or as financial advice. The charts and accompanying research are designed to support your analysis, serving as indicators rather than direct recommendations to buy or sell any security. The creator assumes no responsibility for actions taken by readers and strongly encourages individuals to fully understand the associated risks and potential outcomes before making investment decisions. Please note that any charts and/or information are intended to aid in research and should not be considered a definitive part of your personal trading strategy. Not all charts will lead to actionable buy or sell signals at any given time. Individuals should consider consulting a qualified financial advisor before making any investment decisions.
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Sample Trading System
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SYS Daily Report
Stocks Stage Stunning Reversal Amid Tariff Turmoil; Nasdaq Posts Largest Comeback Since 2008
Wild Intraday Swings Rock U.S. Markets
Wall Street endured one of its most volatile sessions in years on Monday, as markets were whipsawed by conflicting headlines related to the ongoing trade war. The Nasdaq Composite posted a remarkable intraday recovery, rising 0.1%, marking its biggest reversal from a session low since 2008. Meanwhile, the Dow Jones Industrial Average dropped 349 points, or 0.9%, and the S&P 500 slipped 0.2% after having plunged as much as 4.7% earlier in the day. Small caps represented by the Russell 2000 dropped 0.9% after early strength.
Nasdaq – Daily Chart
S&P 500 – Daily Chart
Dow Jones Industrial Average – Daily Chart
Russell 2000 (ETF) – Daily Chart
A brief rally was sparked by a widely circulated but inaccurate report suggesting that President Donald Trump was considering a 90-day delay on new tariffs. Despite the subsequent correction of the story and Trump doubling down on tariff threats—including a 50% hike on Chinese goods set to begin Wednesday—markets did not revisit their earlier lows. The event highlighted the market’s extreme sensitivity to trade developments, with both retail and institutional investors scrambling to interpret the policy noise.
Tariff Tensions Drive Volatility to Multi-Month Highs
The Cboe Volatility Index (VIX) surged as high as 60.13, its highest intraday level in nearly a year, before closing below 50. The move underscores the mounting anxiety among investors as they grapple with unpredictable policy shifts and increasing talk of a global slowdown.
Bond yields soared in response. The 10-year U.S. Treasury yield jumped to 4.16%, its largest single-day increase since April 2024, while the 30-year yield climbed to 4.59%, notching its biggest daily move since March 2020. The iShares 20+ Year Treasury Bond ETF (TLT) dropped 2.9%, on pace for its steepest daily decline in nearly two years.
10-Year US Treasury Yield
Sector Breakdown and Technical Setups
Despite the chaos, a few stocks managed to shine. Nvidia (NVDA) reversed early losses to gain 3.5% and added another 1.3% in after-hours trading. Palantir Technologies (PLTR) jumped 5.2% and extended gains slightly in the evening session. Meanwhile, Tesla (TSLA) fell 2.6%, continuing a three-day skid, though it rose modestly after hours. Shares remain more than 52% below their all-time high of 488.54.
Apple (AAPL) plummeted 3.7% to its lowest level since May 2, amid fears that its heavy exposure to China—where nearly 90% of iPhones are assembled—makes it particularly vulnerable to Trump’s aggressive tariff stance. The stock has lost roughly 20% over the past three sessions. Analyst Dan Ives at Wedbush slashed his price target from 325 to 250, citing increased risk but reaffirmed an outperform rating.
Among sector movements, technology and communication services were the only bright spots, while energy, financials, and consumer staples logged broad-based losses.
Looking Ahead: Earnings, Inflation, and Sentiment
Investors now turn their focus to a pivotal week for market direction. Earnings season kicks off Friday with results from JPMorgan Chase (JPM), Morgan Stanley (MS), Wells Fargo (WFC), and BlackRock (BLK). Additionally, inflation data is due Thursday, with the Producer Price Index (PPI) and University of Michigan Consumer Sentiment survey following Friday. Economists expect inflation to cool, projecting a 0.1% monthly increase and an annual reading of 2.6%, down from 2.8% in February.
Canada’s TSX Declines to 7-Month Low
North of the border, Canada’s TSX Composite Index tumbled 334.01 points, or 1.4%, to 22,859.46, reaching its lowest closing level since September 6. The index has now fallen 11.4% from its January 30 record high, officially entering correction territory.
Heavy losses in energy and financials led the decline, with Great-West Lifeco (GWO.TO) plunging 5.1%. Consumer staples also struggled, as Loblaw (L.TO) dropped 3.2%. The fall in crude oil prices—down 2.1% to $60.70 per barrel—added pressure, reflecting fears that escalating trade tensions could trigger a global recession.
Prime Minister Mark Carney warned that the probability of a U.S.-led recession is rising due to tariff policies, which would inevitably weigh on the Canadian economy. The Bank of Canada echoed the concern, noting that both businesses and households see a significant increase in the risk of recession over the next 12 months.
TSX – Daily Chart
Markets on Edge as Trade War Heats Up
Monday’s historic volatility revealed a market teetering on uncertainty. With tariff risks, earnings season, and economic data all converging this week, traders are bracing for more sharp moves. While some investors are looking for signs of a bottom, others remain wary as the indexes trade below key moving averages. Until clarity emerges from Washington and corporate America, caution appears to be the prevailing sentiment. Depending on one’s trading abilities, it may be wise to stay on the sidelines until broader market conditions stabilize.
“Plan your trade and trade your plan.” – Tony Saliba
Now, onto the daily setups.
US Daily Setups
TDUP – ThredUp Inc.
ThredUp is set up in the form of a potential continuation pattern near its 52-week high. Monitor for any potential breakout signals that could confirm further strength.
LINK TO CHART – https://schrts.co/ABMwTHDI
PODD – Insulet Corp.
Insulet is attempting to hold its 200-day moving average after forming a potential double bottom. Price action is now encountering resistance at the underside of a prior gap—monitor to see if it can sustain a move above the 200-day moving average for confirmation of strength.
LINK TO CHART – https://schrts.co/hMnAfYwy
OKLO – Oklo Inc.
Oklo is testing its 200-day moving average while consolidating in the form of a potential wedge pattern. Monitor for a breakout as price action tightens around this key technical level.
LINK TO CHART – https://schrts.co/zQfJQqYa
NUTX – Nutex Health Inc.
Nutex Health appears to be trending higher from a continuation pattern following its recent gap on robust volume. The sustained strength suggests continued interest and the potential for further upside.
LINK TO CHART – https://schrts.co/FgwihjQV
NFLX – Netflix, Inc.
Netflix has rebounded near its 200-day moving average. Monitor to see if price action can hold this key level and continue its uptrend. A failure to hold above the 200-day would be considered bearish and could create a pocket of air down to the next major support level, potentially as low as $700.
LINK TO CHART – https://schrts.co/jhjPRAmq
IONQ – IonQ Inc.
IonQ continues to set up along its 200-day moving average, with today’s low marking a key level to monitor. The levels on the chart are clear—watch to see if price action can continue to hold above the upward-sloping 200-day moving average for confirmation of support.
LINK TO CHART – https://schrts.co/UDGswGWc
Canadian Daily Setups
No actionable setups worth posting at the moment.
To conclude our report, we thank you for your engagement and insights. Your feedback is valuable, 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!
US Scanner Results
(Stocks are sorted to highlight those with the strongest momentum at the time of the scan)
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 – US Watchlist Scan – 2025-04-07
RYTM, X, RGTI, OKLO, GYRE, IONQ, KOLD, SES, DLTR, LUCD, SHLS, TDUP, CPSS, NUTX, TBT, RCAT, LINC, MRX, CNK, PDEX, MAMA, NN, NGVC, SLNO, ADPT, EZPW, KGC, NFLX, CALM, BSET, LANV, APEI, ACNT, T, WMK, SGU, NPCE, MVST, CASY, LARK, IDR, CORT, SPRY, DFH
Canadian Scanner Results
(Stocks are sorted to highlight those with the strongest momentum at the time of the scan)
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 – 2025-04-07
BRVO.V, GRA.TO, K.TO, LUG.TO, NURS.V, TGO.TO, TH.TO, WDO.TO
