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.
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Sample Trading System
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SYS Daily Report
Treasury Yields Drag Stocks Lower as Bitcoin Soars to New Heights
In Monday’s market activity, escalating Treasury yields exerted downward pressure on stocks, while the crypto realm experienced a notable upswing fueled by a surging Bitcoin. Today witnessed a reversal in the fortunes of stocks, bonds, and precious metals, marking a departure from the markets’ recent month-long ascent. The spike in bond yields particularly impacted large technology firms, thereby influencing a broader retreat in the stock market.
SSIF
The SSIF (which moves faster than the SSIH but is also smoothed) is starting to show potential signs of weakness beneath the surface.
Last week’s momentum, characterized by gains across all three major indexes, extended the November rally. However, as December unfolds, apprehensions linger regarding the sustainability of the festive market mood. Notably, the tech-focused Nasdaq Composite experienced a 0.8% dip, and the benchmark S&P 500 dropped by 0.5%, with the Dow industrials slipping 0.1% or 41 points—a departure from its four-day winning streak.
The Nasdaq’s recent ascent has encountered a deceleration in the past couple of weeks, with five declines in the last seven sessions while managing to stay above the critical 14,000 price level and the 21-day exponential moving average. Monday witnessed increased volume on the Nasdaq, marking a second distribution day in recent weeks, which is in line with the SSIF. With over 6 billion shares traded, this volume surge is the highest since September 15, ranking as the seventh largest for the year.
Nasdaq Composite
The impact of rising yields was conspicuous in Monday’s market dynamics, with the 10-year Treasury yield reaching 4.288%.
10-Year US Treasury Yield
On a different front, Bitcoin took center stage by surpassing $42,000 in Monday’s trading, marking its highest level since April 2022—coinciding with the commencement of the Federal Reserve’s policy-tightening campaign. This surge in Bitcoin is attributed to the anticipation of imminent approval for an exchange-traded fund linked to spot Bitcoin, coupled with the diminishing purchasing power of global currencies.
Bitcoin
As the market navigates the currents of rising yields and evolving trends, seasoned investor wisdom reminds us that opportunity often arises in times of volatility. As Jesse Livermore once said, ‘The stock market is never obvious. It is designed to fool most of the people, most of the time.’ With that perspective, let’s delve into the strategic setups shaping our approach in the current landscape.
US Daily Setups
THE – Grayscale Ethereum Trust
The Grayscale Ethereum Trust is breaking out from a bullish pennant continuation pattern, reaching a new 52-week high.
LINK TO CHART – https://schrts.co/fCISzwxc
HOV – Hovnanian Enterprises, Inc.
Hovnanian appears to be breaking out above a major level of horizontal resistance.
LINK TO CHART – https://schrts.co/ZrPhGWTD
IIPR – Innovative Industrial Properties, Inc.
Innovative Industrial Properties appears to be starting to break out from a giant falling wedge bottoming pattern.
LINK TO CHART – https://schrts.co/xKwQYpkv
LNTH – Lantheus Holdings, Inc.
Lantheus appears to be breaking out from a significant multi-month falling wedge continuation pattern.
LINK TO CHART – https://schrts.co/sEXcwGSm
MSTR – MicroStrategy Inc.
Micro is breaking out to another 52-week high from the bullish pennant continuation pattern we’ve highlighted.
LINK TO CHART – https://schrts.co/YhsnzHhB
URNJ – Sprott Junior Uranium Miners ETF
The Sprott Junior Uranium Miners ETF appears to be set up below a new all-time high for the ETF with a surge in bullish volume. Monitor for a potential breakout.
LINK TO CHART – https://schrts.co/nkPPVKuw
Canadian Daily Setups
BCE.TO – BCE, Inc.
BCE is attempting to break out from a significant bottom pattern.
LINK TO CHART – https://schrts.co/ixdAFDax
CNR.TO – Canadian National Railway Co.
Canadian National Railway is pushing higher, suggesting a continuation pattern and surpassing a horizontal resistance line.
LINK TO CHART – https://schrts.co/qqBbhUgE
HIVE.V – HIVE Blockchain Technologies Ltd.
HIVE Blockchain appears to be setting up on the right side of a significant bottoming base. Monitor for a potential breakout.
LINK TO CHART – https://schrts.co/XmZcTzvY
QSR.TO – Restaurant Brands International Inc.
Restaurant Brands is starting to push higher from a significant basing pattern.
LINK TO CHART – https://schrts.co/wMVzJdzH
U/UN.TO – Sprott Physical Uranium Trust
Sprott Physical Uranium Trust is breaking out to yet another new high.
LINK TO CHART – https://schrts.co/gdJXamVQ
WNDR.TO – WonderFi Technologies Inc.
WonderFi Technologies is starting to push higher from a significant basing pattern, accompanied by increased volume.
LINK TO CHART – https://schrts.co/dUuktchU
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 – 2023-12-04.xlsx
A, AAL, AAON, ABBV, ABT, ACA, ACIW, ACN, AEL, AEO, AEP, AFL, AFRM, AFYA, AGM, AGO, AGX, AIG, AIR, AIT, AIZ, AKAM, ALG, ALL, ALPN, ALV, AMGN, AMPH, AMWD, ANF, AOS, APOG, APPF, ARBK, ARCB, ARCO, ARE, ARKK, AROC, ARW, ASAN, ATGE, ATO, ATR, AVAV, AVB, AVY, AWI, AXON, AXP, AYI, AZO, BAH, BALL, BBWI, BBY, BCC, BCML, BCO, BDX, BECN, BEN, BF/B, BFST, BIO, BIRK, BITO, BITQ, BITW, BKR, BLD, BLDR, BLKB, BLOK, BLX, BPOP, BR, BRBR, BRC, BRO, BRZE, BTBT, BUR, BWA, BWXT, BX, BXP, C, CACI, CAG, CAPL, CARG, CASH, CASY, CB, CBAY, CBRE, CBZ, CCAP, CCEP, CCI, CCJ, CCL, CCOI, CCS, CDRE, CDW, CE, CECO, CELH, CENT, CFG, CHE, CHRW, CIEN, CINF, CL, CLH, CLSK, CMA, CMCSA, CME, CMG, CMI, CMPR, CMS, CNA, CNM, CNO, CNP, COCO, COF, COIN, COKE, COLL, COOP, CORZQ, COST, CPB, CPT, CQP, CR, CRBG, CRESY, CRS, CRSP, CRVL, CSGP, CSL, CSTM, CSWC, CSWI, CSX, CTSH, CUBI, CUK, CVLT, CVNA, CVS, CVX, CW, CXM, CYBR, DAC, DASH, DBI, DCI, DECK, DEFTF, DFH, DFIN, DFS, DG, DGHI, DGX, DHI, DINO, DKL, DKS, DLB, DLTR, DNN, DOV, DPZ, DRI, DRS, DSGR, DT, DTE, DTM, DUK, DVA, DXCM, DY, ECL, ED, EFX, EHC, EL, ELF, ELTK, ELV, EME, EMN, ENSG, EPAC, EPAM, EQR, ERIE, ERJ, ESE, ESQ, ESS, ESTC, ETHE, ETSY, EVR, EXP, EXPD, EXPE, EXR, FAST, FBIN, FBP, FCFS, FCN, FDIG, FDX, FFIV, FI, FICO, FIS, FITB, FIVE, FIVN, FLNC, FLR, FLS, FLT, FN, FOX, FROG, FRT, FSS, GBDC, GBTC, GBX, GCT, GD, GEHC, GEL, GEN, GEOS, GFF, GGG, GIB, GILD, GL, GLP, GLRE, GM, GMS, GNRC, GNTX, GOLF, GPC, GPCR, GPI, GPN, GPOR, GPS, GRBK, GRC, GRMN, GRVY, GS, GSHD, GTLB, GVA, H, HAS, HAYN, HBAN, HCA, HEES, HEI, HIBB, HIG, HII, HIVE, HLNE, HLT, HNI, HON, HOV, HP, HRB, HRL, HST, HWKN, HY, IBKR, IBM, IBN, IBOC, IBP, ICE, ICFI, IDCC, IDR, IDT, IDXX, IESC, IGIC, IHG, IIPR, IMGN, IMO, INFA, INXD.NE, IOT, IP, IPAR, IPG, IQV, IREN, IRM, ISO.V, ISRG, ITCI, ITGR, ITRI, ITT, ITW, IVZ, JBHT, JCI, JHX, JKHY, JNJ, JNPR, JOE, JPM, K, KAI, KDP, KEX, KEY, KHC, KIM, KKR, KMB, KMI, KMX, KNTK, KO, KOF, KOP, KTOS, L, LAD, LBRT, LDOS, LECO, LEN, LEU, LFMD, LH, LHX, LII, LMB, LMT, LNTH, LNW, LOPE, LPG, LPLA, LQDT, LRN, LSEA, LULU, LUV, LW, LWAY, LZB, MAA, MAIN, MAR, MARA, MAS, MBC, MBIN, MBLY, MBWM, MCD, MCO, MDLZ, MEDP, MET, MHK, MHO, MLI, MMM, MMYT, MNDY, MOD, MOGO.TO, MOH, MORN, MPLX, MPTI, MRK, MSA, MSTR, MTB, MTH, MTRN, MTSI, NBIX, NBN, NCLH, NDAQ, NDSN, NET, NHC, NI, NKE, NLR, NOC, NPO, NR, NRP, NS, NSC, NSIT, NSS, NSSC, NTB, NTNX, NTRS, NVO, NVT, NX, NXE, NXT, NYT, O, OEC, OFG, OKE, OLED, OLLI, OMC, ONTO, ORLY, OSIS, OSK, OTIS, OVLY, OZK, PAM, PARA, PATH, PATK, PAY, PAYX, PBA, PCAR, PEAK, PEP, PFGC, PGR, PGTI, PHM, PINS, PKG, PLD, PLMR, PNC, PNR, PODD, POWL, PPG, PPL, PRDO, PRI, PRU, PSA, PSN, PSX, PTC, PWSC, PYPL, QLYS, QRVO, QSR, RAMP, RBC, RCL, RDNT, RDY, REG, REGN, REVG, RF, RGA, RHI, RHP, RIOT, RL, ROAD, ROCK, ROL, ROP, ROST, RPD, RPM, RS, RTX, RUSHA, RWAY, RYAAY, SAH, SAIA, SAIC, SCHW, SFM, SHW, SIGI, SJM, SKX, SMAR, SMLR, SNA, SNOW, SO, SOVO, SPG, SPGI, SPOT, SPSC, SPXC, SQ, SRUUF, SSD, STLA, STNE, STT, SWBI, SWK, SXC, SXI, SYF, SYY, TAP, TBBK, TDC, TDY, TFC, TFX, TGT, THR, TMHC, TMUS, TNC, TNET, TOL, TPH, TPR, TREX, TRV, TSCO, TSN, TSQ, TTEK, TWLO, UBER, UDR, UEC, UHS, ULTA, UNH, UNP, UPBD, URA, URG, URNJ, UNGM, USAC, USB, USFD, USLM, V, VFC, VICI, VLGEA, VNOM, VNT, VOYA, VRNS, VRRM, VRSN, VSEC, VST, VTOL, VTR, VTRS, WAB, WDO.TO, WEC, WELL, WES, WFC, WGMI, WINA, WING, WIRE, WIX, WM, WMG, WMS, WOR, WRB, WRK, WSM, WSO, WTFC, WTS, WWD, XEL, XHB, XYL, YELP, ZION, ZTS
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 – 2023-12-04.xlsx
AAWH/U.CA, ABXX.NE, ACO/X.TO, AD/UN.TO, AGF/B.TO, AMX.V, AP/UN.TO, ARCH.V, ASCU.TO, ASTL.TO, ATD.TO, ATD/A.TO, AYA.TO, AYR/A.CA, BAM/A.TO, BB.TO, BBUC.TO, BCE.TO, BDGI.TO, BEI/UN.TO, BGI/UN.TO, BHC.TO, BITF.TO, BLX.TO, BMO.TO, BN.TO, BPF/UN.TO, BRW.V, CAD.V, CAE.TO, CAR/UN.TO, CAS.TO, CCA.TO, CCO.TO, CF.TO, CFP.TO, CGO.TO, CHP/UN.TO, CIG.TO, CIGI.TO, CJT.TO, CL.CA, CM.TO, CMG.TO, CNR.TO, COLA.NE, COST.NE, CRDL.TO, CRON.TO, CRR/UN.TO, CSU.TO, CU.TO, CUR.V, CURA.CA, CVS.NE, CWB.TO, DBM.TO, DGHI.V, DIR/UN.TO, DML.TO, DNG.TO, DOL.TO, EFL.TO, ELO.TO, ELVA.TO, EMP/A.TO, ENB.TO, ENS.TO, EPRX.TO, EQB.TO, ERO.TO, ETHC.NE, ETHH.TO, EU.V, FCR/UN.TO, FCU.TO, FDR.V, FIH/U.TO, FIL.TO, FOM.TO, FTG.TO, FTN.TO, FTS.TO, GEI.TO, GIB/A.TO, GIL.TO, GIP.V, GLO.TO, GLXY.TO, GMG.V, GMIN.V, GOLD.TO, GOLD.V, GOOS.TO, GSY.TO, GTII.CA, H.TO, HITI.V, HIVE.V, HOM/U.TO, HR/UN.TO, HUT.TO, IAG.TO, IFC.TO, INO/UN.TO, ISO.V, ITR.V, IVN.TO, KEY.TO, KMP/UN.TO, LCS.TO, LGC.V, LMN.V, MDF.TO, MDP.TO, MFC.TO, MFI.TO, MG.TO, MI/UN.TO, MKO.V, MKP.TO, MMED.NE, MOGO.TO, MX.TO, NA.TO, NFI.TO, NTMC.CA, NVEI.TO, NXE.TO, NXR/UN.TO, OGI.TO, OIII.V, OSI.V, PIF.TO, PKI.TO, PLC.TO, PLTH.CA, PMZ/UN.TO, PNE.TO, POW.TO, PPL.TO, PRB.TO, PRL.TO, PRMW.TO, PRU.TO, PRV/UN.TO, PRYM.V, PSI.TO, PTI/UN.TO, PYPL.NE, PZA.TO, QBR/B.TO, QBTC.TO, QSR.TO, QTRH.TO, RCI/B.TO, RCK.V, REI/UN.TO, RUP.TO, RUS.TO, RY.TO, SEA.TO, SGD.V, SIA.TO, SIL.TO, SIS.TO, SJ.TO, SLF.TO, SOY.TO, SRU/UN.TO, STN.TO, SVI.TO, T.TO, TBRD.V, TD.TO, TFII.TO, TIH.TO, TIXT.TO, TLRY.TO, TRI.TO, TRP.TO, TRUL.CA, TUO.V, TXG.TO, U/UN.TO, UBER.NE, URB/A.TO, URC.TO, VRNO.NE, WCN.TO, WDO.TO, WED.V, WEED.TO, WFG.TO, WILD.TO, WPK.TO, WUC.CA, XTC.TO, ZZZ.TO
