SYS Research – Daily Report – Monday, December 18, 2023

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.

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SYS Daily Report

Stocks Extend Winning Streaks, Tech Drives Gains

In a continuation of the bullish trend, stocks closed higher on Monday, capping a seventh consecutive week of gains. The S&P 500 secured its longest weekly winning streak since 2017, edging up by 0.5%. Simultaneously, the Nasdaq Composite surged by 0.6%, while the Dow Jones Industrial Average held steady, eking out a mere one-point gain to achieve its fourth consecutive record close.

The S&P 500, currently at approximately 4740, needs only a 1.2% increase to reclaim its all-time closing high of 4796, reached in January 2022.

S&P 500

Leading the charge were tech stocks, a trend consistent with the Nasdaq’s impressive year-to-date growth of over 40%, nearly double the S&P 500’s gains. This surge is attributed to the anticipation of double-digit earnings growth in the tech sector, driven by advancements in artificial intelligence.

Nasdaq

In contrast, small-cap stocks have been outperforming major indexes since the stock market low on October 27. The Russell 2000 has posted a remarkable 21% gain, surpassing the S&P’s 15.1% and Nasdaq’s 17.9%. However, the small-cap benchmark experienced a slight setback on Monday, registering a 0.1% loss following a 0.8% decline on Friday. Despite these fluctuations, there is potential for a breakout, with price action remaining near the upper trendline of the pattern outlined in the weekend reports.

Russell 2000 ETF

In the words of Jesse Livermore, “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street, even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.” With this reminder of the importance of strategic decision-making, let’s delve into our daily setups.

US Daily Setups

AMZN – Amazon.com, Inc.

The Amazon setup is now beginning to break out from its consolidation pattern. Keep a close eye for confirmation and potential upward momentum.

LINK TO CHART – https://schrts.co/wTGmDRVT

 

CVNA – Carvana Co.

Carvana continues to exhibit signs of upside strength.

LINK TO CHART – https://schrts.co/UdKujJaB

 

HUT – Hut 8 Mining Corp.

Hut 8 Mining is currently poised for a potential wedge breakout.

LINK TO CHART – https://schrts.co/KxpAcBkg

 

GOOGL – Alphabet Inc.

Alphabet is approaching the apex of a substantial multi-month consolidation/continuation pattern. Keep a close watch for a potential breakout.

LINK TO CHART – https://schrts.co/AjFPRIXb

 

META – Meta Platforms, Inc.

Meta is attempting to break out from a significant multi-month base to new highs.

LINK TO CHART – https://schrts.co/tdnrfmkJ

 

NFLX – Netflix, Inc.

Netflix is attempting to break out from a significant multi-month base.

LINK TO CHART – https://schrts.co/uSqPDKrH

 

NVDA – NVIDIA Corp.

Nvidia is pressing against the horizontal resistance/trigger line, signaling the potential for new all-time highs. Keep a watchful eye for the potential continuation of upside strength.

LINK TO CHART – https://schrts.co/nKeaBxrM

 

RIOT – Riot Platforms, Inc.

Riot Platforms is now initiating an upward movement from the bull flag continuation pattern that has been highlighted.

LINK TO CHART – https://schrts.co/xcAfXCNY

 

UPWK – Upwork Inc.

Upwork continues to appear on momentum scans as its price action is poised for a potential bottoming base breakout.

LINK TO CHART – https://schrts.co/ITpMwnhP

 

Canadian Daily Setups

AMZN.NE – Amazon.com Inc. – Canadian Depository Receipt

The Amazon setup is now beginning to break out from its consolidation pattern. Keep a close eye for confirmation and potential upward momentum.

LINK TO CHART – https://schrts.co/VGrEKaQU

 

GIB/A.TO – CGI Group, Inc.

CGI Group is now popping higher from the consolidation/continuation pattern, as recently outlined in the Canadian setups report.

LINK TO CHART – https://schrts.co/GbcdGegr

 

GLO.TO – Global Atomic Corporation

Global Atomic is now surging above the horizontal resistance/trigger line.

LINK TO CHART – https://schrts.co/MSXwsTYa

 

GOOG.NE – Alphabet Inc – Canadian Depository Receipt

Alphabet is approaching the apex of a substantial multi-month consolidation/continuation pattern. Keep a close watch for a potential breakout.

LINK TO CHART – https://schrts.co/DwYXYCyN

 

HUT.TO – Hut 8 Mining Corp

Hut 8 Miningt is currently poised for a potential wedge breakout.

LINK TO CHART – https://schrts.co/FMGsGGei

 

LSPD.TO – Lightspeed POS, Inc.

Lightspeed seems to be attempting to break out from a significant multi-year bottoming pattern.

LINK TO CHART – https://schrts.co/QKyuIsCU

 

NFLX.NE – NetFlix Inc – Canadian Depository Receipt

NetFlix is attempting to break out from a significant multi-month base.

LINK TO CHART – https://schrts.co/HaYpXYYN

 

NVDA.NE – NVIDIA Corp – Canadian Depository Receipt

Nvidia is pressing against the horizontal resistance/trigger line, signaling the potential for new all-time highs. Keep a watchful eye for the potential continuation of upside strength.

LINK TO CHART – https://schrts.co/airUxdzz

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 – 2023-12-18

ACEL, ACMR, ADBE, ADEA, AEM, AEO, AFYA, AGI, AGYS, AIG, AIT, AKAM, ALGN, ALLE, ALV, AMCR, AMGN, AMR, AMZN, ANET, ANF, APG, APO, APP, ARCB, ARCH, ARES, AROC, ATKR, ATR, AVB, AVDX, AVGO, AXON, AXP, AZO, AZUL, BAESY, BCC, BCSF, BITO, BITQ, BK, BLOK, BR, BRK/B, BSBR, BVN, CAG, CAMT, CARG, CASH, CAT, CBAY, CBRE, CBT, CBZ, CCEP, CCJ, CCOI, CDNS, CDW, CECO, CEG, CHD, CHKP, CHRD, CI, CL, CLH, CLS, CLSK, CLW, CLX, CMCSA, CMS, CNA, CNC, CNM, COF, COIN, COLL, COO, COPX, CORZQ, COST, CPS, CR, CRC, CRM, CRS, CRT, CRWD, CSAN, CSCO, CSGP, CSTM, CSX, CTSH, CVI, CVLT, CVNA, CVS, CVX, CXT, CYBR, DAC, DBX, DD, DDOG, DEFTF, DELL, DFH, DGHI, DHT, DINO, DK, DLR, DNN, DOW, DRI, DSGR, DT, DUK, DUOL, E, EBAY, EC, EFX, EGY, ELF, EMR, ENLC, ENPH, ENTG, EPAC, EPAM, EQIX, EQNR, EQR, ERIE, ES, ESAB, ESE, ESOA, ET, ETR, EXP, EXPD, EXPE, FA, FANG, FAST, FCX, FDIG, FDS, FDX, FFIV, FITB, FLNC, FLR, FLS, FLT, FMX, FN, FOUR, FRO, FROG, FRSH, FSV, GCT, GDX, GDXJ, GE, GEHC, GEL, GEN, GEOS, GGB, GIB, GIS, GLD, GLNCY, GLOB, GLP, GLRE, GMS, GNE, GNTX, GOLF, GOOG, GOOGL, GPOR, GSHD, GWRE, GWW, HAS, HAYN, HCC, HDSN, HESM, HIG, HIVE, HLX, HNI, HON, HPE, HRB, HRI, HSBC, HTGC, HUBS, HUT, HY, ICE, ICLR, IDCC, IDT, IEX, IIPR, INSW, INTA, INTU, INVH, IPAR, IREN, ISRG, ITGR, IWF, JPM, KDP, KKR, KMI, KMX, KO, KOF, KOP, KR, KVUE, L, LAUR, LEU, LHX, LIN, LKQ, LMT, LNG, LNT, LNW, LRCX, LSPD, LW, LYB, LYV, MA, MAA, MAIN, MANH, MAR, MARA, MDLZ, MEDP, META, METC, METV, MGRC, MLI, MLR, MMYT, MNDY, MNST, MO, MOD, MOH, MOS, MPC, MPLX, MPTI, MRK, MRNA, MSCI, MSFT, MSTR, MTRN, MTSI, MVO, NATR, NBN, NCNO, NDAQ, NDSN, NECB, NEM, NET, NFLX, NGS, NGVC, NLR, NOV, NPO, NRG, NRP, NSC, NSIT, NSS, NTAP, NTNX, NU, NUE, NVDA, NVO, NWSA, NXE, ODP, OKE, OLED, OR, OSG, OTTR, OVLY, PAGS, PAM, PARR, PATK, PAX, PAY, PBA, PBR, PBR/A, PCAR, PCOR, PFBC, PFGC, PGTI, PHG, PINS, PLUS, PM, PODD, POWL, PR, PRI, PSN, PSX, PTC, PWSC, PYPL, QLYS, QQQ, QSR, QTRX, RAMP, RBA, RDY, REPYY, REX, RHI, RIOT, RJF, ROCK, ROK, ROVR, RS, RTX, RVTY, RWAY, RYAAY, SAH, SAIA, SCCO, SCS, SKWD, SLX, SMCI, SMH, SNAP, SO, SOVO, SPB, SPXC, SPY, SQSP, SRUUF, STE, STLA, STN, STNE, STNG, STRL, SUN, SXC, SYK, TAP, TBBK, TDW, TEAM, TECH, TER, TFX, TGLS, TJX, TMHC, TMO, TNC, TNET, TNK, TNP, TRGP, TRIN, TRMD, TRNS, TROW, TS, TSM, TSQ, TTE, TWLO, TXT, TYL, UDR, UEC, UGP, UPBD, UPWK, URA, URBN, URI, URNJ, URNM, USAP, VECO, VERX, VGT, VIPS, VIST, VLO, VLTO, VNOM, VRNS, VRRM, VSEC, VST, VSTS, VZ, WAT, WFRD, WGMI, WING, WIRE, WIX, WMB, WMG, WPM, WRB, WSO, WWD, WY, XEL, XLB, XLC, XLP, XLV, XLY, XME, XP, YELP, YPF, YUM, Z, ZG, ZS

 

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 – 2023-12-18

AAV.TO, ABX.TO, ACQ.TO, ACT.CA, AD/UN.TO, AEM.TO, AKE.TO, ALA.TO, AMRQ.V, AMZN.NE, AOI.TO, ARIS.TO, ASCU.TO, ASTL.TO, ATH.TO, ATS.TO, AVGO.NE, BDI.TO, BDT.TO, BHC.TO, BIG.V, BIP/UN.TO, BMO.TO, BNS.TO, BRE.TO, BRK.NE, BTO.TO, CAE.TO, CAS.TO, CCL/B.TO, CCO.TO, CF.TO, CFP.TO, CIA.TO, CIG.TO, CIGI.TO, CLS.TO, CMI.V, COST.NE, CPG.TO, CR.TO, CRM.NE, CSH/UN.TO, DFN.TO, DFN/PA.TO, DGHI.V, DGS.TO, DIV.TO, DML.TO, DND.TO, DNTL.TO, DRX.TO, EDV.TO, EFX.TO, ELO.TO, ENB.TO, ERF.TO, FC.TO, FCR/UN.TO, FCU.TO, FFN.TO, FFN/PA.TO, FIH/U.TO, FRU.TO, FSV.TO, FTN.TO, FTT.TO, GDV.TO, GEI.TO, GFL.TO, GIB/A.TO, GLO.TO, GLXY.TO, GOOG.NE, HBM.TO, HITI.V, HIVE.V, HUT.TO, IFP.TO, IGM.TO, III.TO, IMG.TO, IMO.TO, IPCO.TO, IPO.TO, ITR.V, JOY.TO, K.TO, KITS.TO, KNT.TO, L.TO, LBS.TO, LIF.TO, LNR.TO, LSPD.TO, LUG.TO, MATR.TO, MCB.TO, MDF.TO, MDP.TO, MFI.TO, MG.TO, MMED.NE, MRE.TO, MSFT.NE, MTY.TO, MVRS.NE, MX.TO, NA.TO, NFI.TO, NFLX.NE, NGD.TO, NGT.TO, NTMC.CA, NVDA.NE, NWC.TO, NXE.TO, OBE.TO, OR.TO, ORL.TO, OSI.V, PAY.TO, PBH.TO, PET.TO, PHX.TO, PIC/A.TO, PLZ/UN.TO, PMZ/UN.TO, PNRL.V, POU.TO, PPL.TO, PRMW.TO, PRQ.TO, PRV/UN.TO, PSD.TO, PSI.TO, PSK.TO, PTI/UN.TO, PYPL.NE, QSR.TO, QTRH.TO, RCH.TO, RS.TO, RY.TO, SBC.TO, SDE.TO, SEA.TO, SES.TO, SGD.V, SGML.V, SGY.TO, SIA.TO, SKE.TO, SOIL.TO, SSRM.TO, STEP.TO, STLC.TO, SXP.TO, TCL/A.TO, TECK/B.TO, TGO.TO, TIH.TO, TIXT.TO, TKO.TO, TNT/UN.TO, TOT.TO, TOU.TO, TPZ.TO, TROY.CA, TRP.TO, TTNM.TO, U/U.TO, U/UN.TO, VERS.NE, VHI.TO, VLE.TO, VNP.TO, WCN.TO, WFG.TO, WPK.TO, WPM.TO, WRN.TO, WTE.TO, WUC.CA, YGR.TO

 

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