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: 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.
SYS Daily Report
Treasury Yields Surge as Market Awaits Crucial Inflation Data
In a market that seems poised on the edge of anticipation, Treasury yields surged to their highest levels in months today, casting a shadow over the stock market’s subdued performance. Investors seem to be holding their breath in anticipation of pivotal inflation data slated for release on Wednesday, which is expected to provide insight into the trajectory of interest rates.
This forthcoming revelation of the consumer price index for March holds the potential to jolt stocks out of their current tight trading range. Amidst this anticipation, major indexes, including the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average, barely budged on Monday, showing little movement from Friday’s closing figures.
S&P 500 – Daily Chart
Nasdaq – Daily Chart
Dow Jones Industrial Average – Daily Chart
Meanwhile, against this backdrop of cautious optimism, the yields on the key Treasury bonds—the two-, 10-, and 30-year benchmarks—surged to levels unseen since November. Notably, the yield on the 10-year note touched 4.404% at one point today, marking a significant uptick from Friday’s figure of 4.377%. This rise in yields, a reflection of falling prices, underscores the market’s growing sensitivity to the impending inflation data and its potential implications for interest rates.
10-Year US Treasury Yield
As we move onto the daily setups, remember that climbing Treasury yields reflect a market on edge, awaiting crucial inflation data. Astute investors stay vigilant in such times, recognizing that even the slightest shift can reveal significant opportunities or risks.
US Daily Setups
ALB – Albemarle Corp.
Albemarle is emerging on momentum scans, indicating a possible bottom pattern formation in its price action. It could be prudent to add it to a watchlist and observe closely for any indications of upward momentum.
LINK TO CHART – https://schrts.co/MrghYcvA
ARES – Ares Management, LP
Ares Management is consolidating below its recent highs. Monitor for any indications of upward momentum, especially as the PPO momentum indicator suggests a potential setup for a bullish cross.
LINK TO CHART – https://schrts.co/MsTAmJmY
ARM – Arm Holdings Plc
Arm Holdings is consolidating, resembling a continuation pattern similar to a bull flag formation, while the PPO momentum indicator shows signs of attempting to trend higher from the zero line. Monitor for any indications of upward momentum.
LINK TO CHART – https://schrts.co/sTfJDUgz
BITB – Bitwise Bitcoin ETF
Bitwise Bitcoin ETF is attempting to break out of the Bitcoin continuation pattern, as the weekly report highlights. Observing this breakout closely may provide insights into potential future price movements.
LINK TO CHART – https://schrts.co/kjwBaUMZ
ETHE – Grayscale Ethereum Trust
Grayscale Ethereum Trust is currently testing the underside of a horizontal resistance line. Monitor for any potential indications of breakthrough signals.
LINK TO CHART – https://schrts.co/CPRAaFUx
OSCR – Oscar Health Inc.
Oscar Health seems to be positioned below a horizontal resistance line. Monitor for any potential signs of breakout signals.
LINK TO CHART – https://schrts.co/pPPXWnsj
Canadian Daily Setups
AAV.TO – Advantage Energy Ltd.
Advantage Energy price action appears to be setting up on the right side of a multi-month consolidation pattern.
LINK TO CHART – https://schrts.co/iuxbqkvB
ETHH.TO – Purpose Ether ETF
Purpose Ether ETF is an ETF available in Canada that provides exposure to the price action of Ethereum.
LINK TO CHART – https://schrts.co/hVkkWqHJ
GFL.TO – GFL Environmental Inc
GFL Environmental seems to be positioning itself on the right side of a significant multi-year consolidation pattern. Monitor for any potential signs of upward momentum.
LINK TO CHART – https://schrts.co/etdmuZqg
GLXY.TO – Galaxy Digital Holdings Ltd.
The Galaxy Digital setup is currently breaking out from the consolidation pattern we’ve been monitoring.
LINK TO CHART – https://schrts.co/rJKtUBXB
SYZ.TO – Sylogist Ltd.
It seems Sylogist is attempting a breakout from its 52-week range.
LINK TO CHART – https://schrts.co/ypNKjMwp
TOU.TO – Tourmaline Oil Corp.
Tourmaline Oil continues to perform favorably as its price action sets up on the right side of a multi-consolidation pattern.
LINK TO CHART – https://schrts.co/vAjzEnXY
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!
US 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 – US Watchlist Scan – 2024-04-08
A, AAON, ACIW, ADEA, ADI, ADP, AEE, AEP, AES, AGM, AGYS, AIZ, ALAR, ALB, ALG, ALGN, ALKT, ALPN, ALTR, AMK, AMP, ANSS, APAM, APO, APOG, APP, ARCB, ARE, ARES, ARM, ASTH, AVAV, AVB, AVDX, AWK, AXON, AXP, AZZ, BAC, BAH, BAND, BBW, BBWI, BBY, BITW, BK, BPOP, BR, BRC, BRO, BSX, BUR, BWA, BX, BXP, BYRN, BZ, C, CACI, CAG, CAMT, CAPL, CARR, CAVA, CB, CBOE, CBT, CBZ, CCCS, CDLX, CDNS, CE, CFB, CFG, CFLT, CHCO, CINF, CLH, CM, CMA, CMG, CMPR, CMPS, CMS, CNO, CNP, COF, COIN, COKE, CPA, CPB, CPG, CPT, CRS, CSWC, CSWI, CTAS, CTVA, CUBI, CVLG, CXT, CYBR, CZR, D, DAL, DB, DCI, DD, DDOG, DDS, DEFTF, DLB, DLR, DOC, DOCU, DPZ, DRS, DTE, DUK, DUOL, DXCM, EAT, ED, EDR, EFX, ELV, EMN, EPAC, EQR, EQT, ERJ, ES, ESOA, ESS, ETHE, ETR, ETRN, ETSY, EVR, EVRG, EWBC, EXC, EXPD, EXPE, EXR, EZPW, F, FANG, FCFS, FCNCA, FDS, FDX, FE, FI, FIHL, FINMY, FIS, FITB, FMC, FNF, FOR, FOX, FRPT, FRT, FSLR, FUTU, GBX, GEN, GFL, GGG, GIS, GLD, GLRE, GNRC, GOOG, GOOGL, GPK, GPOR, GRMN, GS, GTES, GTLB, HAS, HBAN, HCI, HESM, HIBB, HLNE, HMC, HOLI, HRB, HRL, HST, HUBS, HWKN, IBCP, IBKR, IBM, IBN, IBOC, ICLR, IFF, IGIC, IHG, IIPR, ILMN, IMO, INFA, ING, INTU, INVH, IT, IVZ, IZM, JBI, JHX, JKHY, JNPR, JPM, KB, KEX, KEY, KEYS, KKR, KLAC, KOF, KRE, KTOS, LDOS, LII, LMAT, LMND, LNT, LOB, LPLA, LUV, LZ, MA, MAA, MAIN, MAR, MBWM, MCHP, MCO, MCY, MEDP, MET, METV, MFC, MHK, MKC, MLM, MMM, MO, MORN, MPWR, MRNA, MS, MSCI, MTB, MTD, MTSI, NBIX, NBN, NCNO, NEE, NGVC, NI, NMIH, NOW, NRG, NSSC, NTAP, NTB, NTRS, NVO, NX, NXPI, O, OBDC, OFG, OKE, OMI, OSCR, OTTR, OWL, OZK, PAA, PAGP, PAYC, PAYX, PBR/A, PCAR, PEG, PEP, PFBC, PFG, PKG, PNC, PNW, PODD, POWW, PPC, PPL, PRCT, PRI, PSA, PTC, PWP, PYPL, QCOM, QCRH, QFIN, QLYS, RBC, RBLX, RCL, RF, RGA, RHP, RJF, ROAD, ROK, RRC, RSG, RSP, RTX, RUSHA, RVTY, RYAAY, S, SAIA, SCCO, SCHW, SFM, SHAK, SHEL, SIGI, SLV, SNPS, SO, SPG, SPGI, SQ, SQSP, SRE, SRUUF, STEP, STNE, STT, SUBCY, SWIN, SYF, SYM, TCOM, TFC, TFII, TFPM, TGLS, TKO, TM, TNET, TORXF, TPG, TREX, TRGP, TRI, TRIN, TSLA, TSN, TSQ, TTD, TTE, TTEK, TXN, TYL, UDR, UGP, UMBF, UPBD, USB, V, VCTR, VECO, VICI, VIST, VIV, VLTO, VNOM, VRRM, VSEC, VTR, W, WABC, WAL, WBS, WDOFF, WEC, WELL, WES, WEST, WFC, WING, WMG, WRK, WTFC, XEL, XLF, XLRE, XLU, XLY, YPF, ZBRA
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 – 2024-04-08
AAUC.TO, AAV.TO, ACB.TO, ACT.CA, AFM.V, AI.TO, AIDX.TO, AIF.TO, ALC.TO, AP/UN.TO, APR/UN.TO, AQN.TO, ARE.TO, ARG.TO, ARIS.TO, ARTG.V, ATD.TO, ATD/A.TO, ATH.TO, AX/UN.TO, BBD/PC.TO, BDT.TO, BK.TO, BK/PA.TO, BMO.TO, BNS.TO, BOFA.NE, BTB/UN.TO, CAE.TO, CCL/B.TO, CEE.TO, CF.TO, CHE/UN.TO, CHP/UN.TO, CHR.TO, CJT.TO, CL.CA, CM.TO, CMG.TO, CNL.TO, CNR.TO, CP.TO, CR.TO, CRON.TO, CRR/UN.TO, CRT/UN.TO, CSH/UN.TO, CU.TO, CVE.TO, CWB.TO, D/UN.TO, DF.TO, DFN.TO, DGS.TO, DHT/UN.TO, DIR/UN.TO, DNG.TO, DR.TO, DRDR.TO, DRX.TO, DSG.TO, E.TO, ECN.TO, EFN.TO, EIT/UN.TO, ELO.TO, EQB.TO, ETHH.TO, FCR/UN.TO, FFN.TO, FIH/U.TO, FISH.V, FM.TO, FTN.TO, FTT.TO, GEI.TO, GFL.TO, GIL.TO, GLXY.TO, GOOG.NE, GRID.TO, GSY.TO, GTE.TO, GTII.CA, GUD.TO, GURU.TO, HBM.TO, HOM/U.TO, HPS/A.TO, HR/UN.TO, HWO.TO, IFC.TO, III.TO, ILLM.TO, IMO.TO, IPCO.TO, ITR.V, IVN.TO, JOY.TO, KBL.TO, KEL.TO, KRR.TO, KSI.TO, KTN.V, LNR.TO, LUN.TO, MDNA.TO, MFC.TO, MI/UN.TO, MND.TO, MOOO.CA, MSA.TO, MTL.TO, NA.TO, NFG.V, NGEX.TO, NUAG.TO, NWC.TO, OGC.TO, OGI.TO, OSI.V, OVV.TO, PAAS.TO, PEY.TO, PHX.TO, PHYS.TO, PMET.TO, PMZ/UN.TO, POU.TO, POW.TO, PPTA.TO, PRL.TO, PRQ.TO, PRV/UN.TO, PSI.TO, PSLV.TO, PTM.TO, PUR.V, PXT.TO, RBX.V, RBY.TO, REI/UN.TO, RML.V, RY.TO, SCR.TO, SES.TO, SFC.TO, SGR/UN.TO, SHLE.TO, SIA.TO, SII.TO, SIL.TO, SLI.V, SOY.TO, SRU/UN.TO, STEP.TO, STLC.TO, SVI.TO, SYZ.TO, TCW.TO, TD.TO, TFII.TO, TFPM.TO, TIH.TO, TIXT.TO, TKO.TO, TNT/UN.TO, TOT.TO, TOU.TO, TRI.TO, TRUL.CA, TSLA.NE, TUD.V, TUO.V, U/UN.TO, VLE.TO, VRNO.NE, VZLA.V, WCN.TO, WIFI.CA, WUC.CA, ZDC.V
