SYS Research – Daily Report – Monday, February 26, 2024

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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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

Stocks Retreat Marginally After Strong Week; Cryptocurrencies Maintain Resilience

In the wake of one of the most prosperous weeks of the year, the stock market experienced a slight downturn as investors awaited new economic indicators. The S&P 500 witnessed a 0.4% decline, and the Dow Jones Industrial Average dropped approximately 62 points, equivalent to 0.2%. Notably, both indices had achieved record highs just the previous Friday. The tech-centric Nasdaq Composite also experienced a minor slip of 0.1%.

S&P 500 – Daily Chart

Dow Jones Industrial Average – Daily Chart

Nasdaq – Daily Chart

In the realm of cryptocurrencies, the momentum remains strong. Ether continued its upward trajectory, registering a 1.90% increase to reach $3,172. Meanwhile, Bitcoin exhibited a gain of 5.38%, reaching $54,512. Despite the market’s nuanced movements, digital assets continue to display resilience in the face of broader economic fluctuations.

Ethereum – Daily Chart

Bitcoin – Daily Chart

In the world of trading, as William J. O’Neil wisely reminds us, it’s not just about being right or wrong; it’s about maximizing gains when you’re correct and minimizing losses when you’re not. This principle guides our approach as we delve into the daily setup.

US Daily Setups

CMPR – Cimpress NV

Cimpress appears to be in the process of setting up for a move beyond its 52-week high, supported by a robust volume profile.

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

 

COIN – Coinbase Global Inc.

Coinbase had a strong day, as its price reached a new 52-week high. Keep a close eye for potential breakout signals.

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

 

METC – Ramaco Resources, Inc.

Ramaco Resources is attempting to break out above a notable volume-by-price bar, backed by a strong volume profile.

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

 

MNDY – Monday.com Ltd.

Monday.com is emerging on momentum scans, with price action forming below a horizontal resistance line, supported by a bullish volume profile.

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

 

TSLA – Tesla Inc.

Tesla is showing up on today’s momentum scans. Keep an eye on it to see if the price action can sustain upward strength and close the recent gap.

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

 

WGMI – Valkyrie Bitcoin Miners ETF

The Valkyrie Bitcoin Miners ETF had a robust day, propelled by the performance of Bitcoin miners. Stay vigilant and closely monitor both the sector and your preferred Bitcoin miners.

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

 

Canadian Daily Setups

BITF.TO – Bitfarms Ltd.

Bitfarms is positioning itself for a potential breakout to a new 52-week high. Keep a watchful eye on its developments.

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

 

CTS.TO – Converge Technology Solutions Corp.

Converge Technology Solutions is breaking out from a bull flag continuation pattern, signaling potential upward momentum. Keep a close watch on the unfolding price action.

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

 

CVE.TO – Cenovus Energy Inc.

Cenovus Energy is persistently flirting with a breakout above its horizontal resistance line, indicating the potential for an upward move. Keep a watchful eye on its progress.

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

 

CVO.TO – Coveo Solutions Inc.

Coveo Solutions is consolidating in the form of a bull flag continuation pattern situated beneath a notable horizontal resistance line. Stay vigilant for potential breakout signals.

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

 

GLXY.TO – Galaxy Digital Holdings Ltd.

Galaxy Digital is breaking out to a new 52-week high, signaling positive momentum in its performance. Keep an eye on further developments.

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

 

NOA.TO – North American Construction Group Ltd

North American Construction Group is consistently pushing higher, with the current price action indicating a potential breakout to a 52-week high. Keep a close watch on its upward trajectory.

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

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 – 2024-02-26

AAL, AAON, ACIW, ACN, ADBE, AGO, AIZ, ALKS, ALKT, ALL, ALPN, ALRM, ALSN, ALV, AM, AMAT, AME, AMP, AMPH, AMR, AMWD, ANET, ANF, AOS, APG, APH, APLS, APOG, APP, APPF, ARBK, ARCH, ARKK, ASML, ASR, ATGE, ATI, ATKR, ATR, AVDX, AWI, AXP, AZEK, AZO, AZZ, BAESY, BBY, BCSF, BECN, BITO, BITQ, BITW, BLBD, BLDR, BLKB, BLOK, BRBR, BRZE, BTBT, BTU, BX, BYRN, CAH, CAMT, CASH, CAT, CBZ, CCCS, CCEP, CCOI, CDRE, CECO, CELH, CF, CHD, CHE, CIEN, CLBT, CLS, CLSK, CME, CMI, CMPR, CNM, CNXN, COIN, COKE, COLL, COP, COST, CPA, CPRT, CPS, CR, CRH, CRL, CRM, CRSP, CRWD, CSWC, CSWI, CTAS, CUBI, CVI, CVLT, CVNA, CXT, CYBR, DAL, DEFTF, DELL, DFH, DFIN, DFS, DGHI, DHT, DINO, DK, DKS, DLO, DLR, DOV, DSGR, DUOL, DY, E, EC, EDU, EHC, ELF, EME, EMR, ENPH, EPAM, ERIE, ERJ, ESAB, ESOA, ETHE, EXP, FA, FANG, FAST, FBP, FCN, FCNCA, FDIG, FERG, FFIV, FI, FINMY, FIS, FIVE, FIX, FLS, FOR, FRO, FROG, FRPT, FTI, FTNT, FWRG, GBTC, GBX, GCT, GE, GEHC, GEL, GFF, GIII, GL, GLRE, GM, GMS, GPN, GPOR, GRBK, GRC, GRVY, GTLB, GWRE, GWW, H, HDSN, HEES, HES, HG, HIBB, HIVE, HLX, HNI, HOOD, HQY, HRI, HSIC, HTBI, HTGC, HUBB, HY, IBKR, IBP, ICFI, ICLR, IDCC, IDR, IDT, IESC, IMCR, IMO, INSW, INTU, INVH, IPAR, IR, IREN, IRM, ITCI, ITGR, ITT, IWM, JBL, JCI, KAI, KD, KEX, KEYS, KLAC, KMX, KNSL, KOP, KRT, KWR, LAKE, LECO, LII, LKQ, LLY, LMB, LMND, LNW, LPG, LPLA, LRCX, LRN, LSEA, LULU, LUV, LWAY, MA, MAIN, MAMA, MANH, MARA, MAS, MBC, MEDP, METC, METV, MLI, MLM, MLR, MMYT, MNDY, MNST, MOD, MPC, MPTI, MRO, MSTR, MTSI, MUFG, MYRG, NATR, NBIX, NCNO, NET, NFLX, NGS, NGVC, NHC, NICE, NOA, NOW, NPO, NR, NRG, NS, NTAP, NTRA, NU, NUE, NVMI, NVO, NX, NXPI, NXT, ODD, ODFL, ODP, OKTA, ON, ONON, ONTO, ORLY, OSCR, OSK, OTIS, OXY, PAGS, PARR, PATH, PATK, PAX, PBPB, PBR, PBR/A, PCAR, PCOR, PEGA, PETQ, PFGC, PGNY, PGR, PHM, PLTR, PLUS, POWL, PR, PRCT, PRDO, PRIM, PSN, PSTG, PSX, PTC, PWR, PXD, PYPL, QCOM, QLYS, QTRX, RACE, RBA, RDNT, REGN, REPYY, REX, RHI, RIOT, RJF, ROL, RS, RUSHA, RWAY, S, SAIA, SAIC, SFM, SHAK, SHW, SIGI, SKT, SKX, SM, SMLR, SN, SNA, SNOW, SPXC, SQSP, STEP, STLD, STN, STNE, STNG, STRL, STX, SUM, SUN, SWAV, SXC, SYY, TAP, TBBK, TDW, TECH, TER, TGLS, TKR, TM, TNC, TNET, TNP, TOL, TPG, TPX, TREX, TRGP, TRI, TRIN, TRMB, TS, TSLA, TSM, TSN, TT, TTD, TTEK, TW, TXRH, TXT, TYL, U, UBER, UFPT, UGP, UHS, ULTA, UPWK, URBN, URI, USAP, USFD, USO, V, VECO, VEEV, VERX, VIPS, VIST, VITL, VLO, VMC, VRNS, VRT, VRTX, VSEC, VTOL, VVV, WDC, WDFC, WES, WFC, WGMI, WING, WIRE, WIX, WMS, WMT, WSM, WTS, XHB, XLE, XLY, XME, XOM, XOP, XRX, XYL, ZBRA, 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 – 2024-02-26

AAV.TO, ABXX.NE, AC.TO, ADBE.NE, AI.TO, AMX.V, ARE.TO, ARG.TO, ARX.TO, ATRL.TO, BDGI.TO, BDI.TO, BDT.TO, BEI/UN.TO, BITF.TO, BRAG.TO, BYD.TO, CCL/B.TO, CEU.TO, CJ.TO, CKG.V, CLS.TO, CNC.V, CNQ.TO, CNR.TO, CP.TO, CPG.TO, CRDL.TO, CRM.NE, CSH/UN.TO, CTS.TO, CVE.TO, CVO.TO, CXB.TO, DBM.TO, DFY.TO, DGS.TO, DHT/UN.TO, DII/B.TO, DND.TO, DPM.TO, DR.TO, ECN.TO, EFX.TO, EIF.TO, ENGH.TO, ETHC.NE, ETHH.TO, EXE.TO, FFH.TO, FRU.TO, FTG.TO, GFL.TO, GLO.TO, GLXY.TO, GSY.TO, GUD.TO, HBM.TO, HIVE.V, HME.V, HWO.TO, HWX.TO, IFC.TO, IMG.TO, IMO.TO, IPO.TO, KEY.TO, L.TO, MDA.TO, MDF.TO, MDNA.TO, MDP.TO, MEG.TO, MFC.TO, MX.TO, NA.TO, NFI.TO, NGEX.V, NNRG.NE, NOA.TO, NTR.TO, NWC.TO, OGI.TO, PAY.TO, PD.TO, PEY.TO, PHX.TO, PKI.TO, POU.TO, PPL.TO, PRMW.TO, PRYM.TO, PSD.TO, PSK.TO, PYPL.NE, PZA.TO, QBTC.TO, QSR.TO, RBA.TO, RUS.TO, SAP.TO, SFC.TO, SHOW.CA, SIA.TO, SOY.TO, STN.TO, SU.TO, TBL.TO, TFII.TO, TIH.TO, TIXT.TO, TKO.TO, TRI.TO, TSLA.NE, TUO.V, TVE.TO, TVK.TO, WEB.V, WILD.TO, WJX.TO, WMT.NE, WN.TO, XRX.CA, YGR.TO, ZZZ.TO

 

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