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.
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
Tech Surge Propels Dow and S&P 500 to Fresh Highs
In Monday’s trading session, stocks reached new highs driven by the ongoing outperformance of technology shares, buoyed by optimism surrounding artificial intelligence-driven demand. Notably, both the Dow and S&P 500 achieved consecutive record highs for the first time since November 2021.
The Dow Jones Industrial Average climbed 138 points or 0.4%, closing above the 38,000 mark for the first time, while the S&P 500 saw a 0.2% gain, marking another all-time high for the second consecutive session. The tech-focused Nasdaq also advanced by 0.3%.
Dow Jones Industrial Average – Daily Chart
S&P 500 – Daily Chart
Nasdaq – Daily Chart
An interesting development unfolded in the small-cap sector as the Russell 2000 surged by an impressive 2.14%, outperforming the major indexes. This surge coincided with a breakout from the highlighted bull flag retest in our weekend report. The weekly chart is currently indicating a potential breakout, suggesting that the levels we’ve been closely monitoring could be breached.
Russell 2000 (ETF) – Weekly Chart
The market rally has shown resilience despite gains in yields, as the 10-year yield settled at 4.094%, slightly below Friday’s 2024 peak of 4.145%. The dip below 4.1% may be contributing to the prevailing positive risk sentiment.
10-Year US Treasury Yield
Oil prices experienced a 2% uptick, driven by concerns over global energy supplies. Severe cold weather in the U.S. is constraining crude oil output in North Dakota and impacting production in other states. Over 20% of output in the third-largest oil-producing state remained shut in on Monday due to extreme weather and operational challenges. Meanwhile, the technical setup of the crude oil chart as highlighted in our weekend report indicates the potential for a bullish triple cross depicted in the chart of the USO below.
USO – United States Oil Fund, LP
Crude Oil – Weekly Chart
Transitioning from our market overview to specific setups, we heed George Soros’s wisdom: “In trading, opportunity often arises in times of uncertainty.” Keeping this in mind, we turn our attention to oil, where a potential bottoming signal is on our radar, emphasizing the importance of staying alert for promising opportunities in ever-changing markets.
US Daily Setups
DIS – Walt Disney Co.
Walt Disney is currently attempting to break out from a bottoming pattern.
LINK TO CHART – https://schrts.co/tGYtzeEd
ESOA – Energy Services of America Corp.
Energy Services of America is breaking out to a 52-week high, supported by a bullish volume profile.
LINK TO CHART – https://schrts.co/rHhEjHcz
OIH – VanEck Vectors Oil Services ETF
The VanEck Vectors Oil Services ETF is on our radar today as price action rebounds off the lower trendline of a falling channel. Monitor for the potential continuation of upside strength, especially with many oil service names appearing in scan results.
LINK TO CHART – https://schrts.co/ekentCfg
SNPS – Synopsys, Inc.
The Synopsys setup highlighted last week is currently breaking out with a continuation in high volume.
LINK TO CHART – https://schrts.co/fauhwwnH
TDW – Tidewater, Inc.
Tidewater seems to be setting up below a trigger line situated near 52-week highs.
LINK TO CHART – https://schrts.co/SkKUXIfX
VIST – Vista Oil & Gas SAB
Vista Oil & Gas is sitting near its all-time high as it endeavors to continue its upward trend.
LINK TO CHART – https://schrts.co/NYCBsmbx
Canadian Daily Setups
ATH.TO – Athabasca Oil Sands Corp.
Athabasca Oil Sands is currently testing the recent breakout line in the form of a bull flag continuation pattern.
LINK TO CHART – https://schrts.co/XtvFAZaN
CEU.TO – CES Energy Solutions Corp.
CES Energy Solutions is attempting to trend higher, emerging from a consolidation/continuation pattern.
LINK TO CHART – https://schrts.co/xNHCvxaH
EFX.TO – Enerflex Ltd.
Enerflex is showing upward momentum from a bottom pattern. Keep a close watch for the potential continuation of upside strength.
LINK TO CHART – https://schrts.co/ZXZShNjC
FTT.TO – Finning Intl, Inc.
The Finning setup, as highlighted earlier, appears to be breaking out above the horizontal resistance line.
LINK TO CHART – https://schrts.co/IjDzVqIw
SIS.TO – Savaria Corp.
The Savaria setup highlighted over the weekend seems to be breaking out, following its bullish surge in volume on Friday.
LINK TO CHART – https://schrts.co/yihhdxQc
STEP.TO – STEP Energy Services Ltd.
STEP Energy Services is witnessing substantial volume as its price action attempts to trend higher from a bottom pattern.
LINK TO CHART – https://schrts.co/QnSHmRsk
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 – 2024-01-22
AAON, AAPL, ABBV, ABNB, ACIW, ACMR, ACN, ADEA, ADI, ADP, ADSK, AFL, AGO, AGYS, AIT, AIZ, AKAM, ALG, ALGN, ALKT, ALL, ALLE, ALSN, ALTR, AM, AMAT, AMGN, AMP, AMR, AMWD, ANF, ANSS, AOS, APG, APH, APLS, APP, APPF, ARCB, ARES, AROC, ASML, ASND, ATGE, ATI, ATKR, ATR, AVAV, AVGO, AVY, AWI, AX, AXON, AZEK, AZO, AZZ, BAC, BAH, BALL, BBY, BCC, BCO, BCSF, BECN, BELFB, BEN, BFST, BLBD, BLD, BLDR, BMI, BR, BRC, BRO, BWXT, BX, BXP, BYRN, C, CACI, CAH, CASH, CAT, CAVA, CB, CBOE, CBRE, CBZ, CCCS, CCOI, CECO, CEG, CENT, CENTA, CFB, CFG, CGBD, CHD, CHE, CHKP, CI, CL, CLH, CLW, CLX, CMA, CMCSA, CME, CNA, CNM, CNO, COF, COLL, COOP, COR, CPRT, CPT, CRESY, CRH, CRL, CRS, CRSP, CRVL, CSGP, CSTM, CSWC, CSWI, CSX, CTLT, CTSH, CUBI, CVI, CVLT, CVNA, CW, CXT, DAC, DAVA, DBX, DCI, DD, DE, DECK, DFH, DFIN, DG, DHI, DHR, DHT, DIS, DK, DKS, DLB, DLR, DMLP, DOW, DPZ, DRI, DRS, DSGR, DSGX, DV, DVAX, DXCM, DY, EA, EAT, EFX, EG, EGO, EHC, ELTK, ELV, EME, EMN, EMR, ENSG, EPD, EQIX, ESOA, ET, ETRN, EVR, EW, EWBC, EXP, FANG, FAST, FBIN, FCFS, FCNCA, FDS, FDX, FERG, FFIV, FI, FICO, FIS, FITB, FIVN, FIX, FLEX, FLS, FLT, FMX, FNF, FOR, FOX, FRT, FTI, FTNT, FTV, FWRG, GBDC, GBX, GCT, GDRZF, GDYN, GE, GEHC, GEN, GEOS, GGG, GL, GLOB, GLP, GLRE, GLW, GMS, GOLF, GPC, GPI, GPK, GPN, GRBK, GRC, GRMN, GSIW, GTLB, GWW, HAL, HBAN, HCI, HEES, HEI, HESM, HIBB, HIG, HII, HLT, HLX, HNI, HOLX, HOV, HPE, HQY, HRI, HSIC, HTGC, HUBB, HURN, HWKN, HWM, HY, IBCP, IBKR, IBN, IBOC, IBP, ICE, ICFI, ICLR, IDT, IDXX, IIPR, ILMN, IMCR, INFA, INSW, INTU, INVH, IPG, IQV, IR, ITA, ITB, ITCI, ITRI, ITT, ITW, IVZ, IWM, J, JBHT, JBI, JCI, JKHY, JNJ, JNPR, JOE, KAI, KBH, KD, KEY, KEYS, KIM, KLAC, KNF, KOP, KR, KRE, L, LAD, LAKE, LAUR, LDOS, LECO, LEN, LHX, LII, LINC, LKQ, LLY, LMB, LMT, LPLA, LRCX, LRN, LSEA, LW, LYB, LZB, MA, MAA, MAIN, MAMA, MAR, MAS, MBC, MBWM, MCHP, MCK, MCO, MDB, MDLZ, MEDP, MET, METV, MFC, MGRC, MHO, MITK, MLI, MLR, MNDY, MOD, MORN, MPC, MPLX, MRK, MSCI, MTB, MTD, MTH, MTSI, MU, MYRG, NBIX, NECB, NET, NFLX, NGS, NGVC, NHC, NMIH, NOV, NR, NSC, NSIT, NTB, NTNX, NUE, NVS, NX, NXT, OBDC, OC, ODD, ODFL, ODP, OEC, OFG, OKTA, OLED, OMC, ONTO, ORCL, ORLY, OSIS, OSK, OTEX, OTIS, OTTR, OZK, PAA, PAGP, PAM, PATK, PAYX, PCAR, PCOR, PFBC, PFG, PGR, PH, PHG, PHM, PLAB, PLD, PLTR, PLUS, PNR, PNTG, PODD, POOL, POWW, PR, PRDO, PRI, PRU, PSN, PSX, RAMP, RBLX, REGN, RF, RGA, RJF, RL, RMD, ROK, ROST, RS, RSG, RSP, RUSHA, RWAY, RYAAY, SAH, SAIA, SAIC, SCS, SHAK, SHW, SIGI, SN, SNA, SNOW, SNPS, SNX, SPB, SPOT, SPSC, SQSP, SSD, STLD, STNG, STX, SUM, SWK, SWKS, SXC, SYF, SYY, T, TAP, TBBK, TDG, TDW, TECH, TEL, TEX, TFX, TGLS, TGS, THR, TM, TMHC, TMO, TNC, TNK, TOL, TPH, TPR, TRAK, TRGP, TRMD, TROW, TRV, TSCO, TT, TW, TXN, TXT, TYL, UDR, ULTA, UPBD, UPS, UPWK, URBN, URI, USAC, USAP, VECO, VFC, VIST, VLO, VMC, VNT, VOYA, VRRM, VRSK, VRTX, VSTS, VTOL, VTR, VTRS, VTS, VZ, W, WAB, WAT, WBS, WES, WFC, WFRD, WHR, WING, WIRE, WIX, WM, WRB, WSM, WSO, WST, WTS, WY, XHB, XLI, XLK, XLRE, XLV, XME, XRAY, XRX, XYL, YPF, Z, ZBRA, ZG, 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 – 2024-01-22
AAPL.NE, AGF/B.TO, ASE.CA, ATH.TO, AVGO.NE, BAM/A.TO, BBU/UN.TO, BDGI.TO, BEPC.TO, BHC.TO, BIPC.TO, BLX.TO, BN.TO, CAR/UN.TO, CATR.NE, CEU.TO, CHP/UN.TO, CIG.TO, CIGI.TO, CIX.TO, CJT.TO, CNC.V, CRON.TO, CRR/UN.TO, CWB.TO, DFY.TO, DGS.TO, DIR/UN.TO, DIS.NE, DSG.TO, EFX.TO, ELD.TO, ENGH.TO, ESI.TO, EU.V, FC.TO, FFH.TO, FSV.TO, FTT.TO, GCL.TO, GEI.TO, GIL.TO, GOOG.NE, GOOS.TO, GSY.TO, GWO.TO, HPS/A.TO, HR/UN.TO, IAG.TO, IAU.TO, IIP/UN.TO, ILLM.TO, ISO.V, KMP/UN.TO, LIFT.CA, LIFT.V, LMN.V, LNF.TO, LNR.TO, MA.NE, MATR.TO, MFC.TO, MG.TO, MGRO.CA, MI/UN.TO, MKO.V, MMED.NE, MRE.TO, MTL.TO, NGEX.V, NOA.TO, NWC.TO, NWH/UN.TO, OGC.TO, OGI.TO, ONC.TO, ONEX.TO, OR.TO, OTEX.TO, OVV.TO, PAY.TO, PD.TO, PET.TO, PHX.TO, PKI.TO, PMZ/UN.TO, POW.TO, PRL.TO, PRMW.TO, PRYM.TO, QTRH.TO, SAP.TO, SES.TO, SGD.V, SIS.TO, SLF.TO, SPB.TO, SRU/UN.TO, STEP.TO, SYZ.TO, TCL/A.TO, TCW.TO, TF.TO, TFII.TO, TIH.TO, TOT.TO, TRUL.CA, TSU.TO, VHI.TO, VNP.TO, VZLA.V, X.TO
