SYS Research – Daily Report – Monday, January 29, 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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SYS Daily Report

S&P 500 Kicks Off Packed Week with Record High

The S&P 500 has started the week on a high note, setting a new record and signaling the beginning of an action-packed week for investors. Strap in and get your popcorn ready, as we anticipate heightened volatility in the coming days, marked by major tech earnings, a Federal Reserve meeting, and crucial economic data.

Investors are eagerly awaiting earnings reports from industry giants like Advanced Micro Devices, Alphabet (Google’s parent company), Microsoft, Apple, and Amazon. Over 100 S&P 500 companies are poised to unveil their fourth-quarter results, and the market’s course may well be determined by how investors interpret the performance of these corporate heavyweights.

Both the S&P 500 and the Dow Jones Industrial Average have notched record highs, with the benchmark index surging by 0.8% on Monday, and the Dow gaining 0.6% (224 points). The tech-heavy Nasdaq Composite also posted a notable increase of 1.1%.

S&P 500 – Daily Chart

Dow Jones Industrial Average – Daily Chart

Nasdaq – Daily Chart

In the bond market, the yield on the 10-year Treasury note dipped to 4.089% on Monday, down from Friday’s 4.159%. As the Federal Open Market Committee gears up to announce its interest-rate decision on Wednesday, all eyes will be on whether the committee’s message is dovish enough to potentially signal a rate cut as early as March, even with the consensus expecting the Fed funds target rate to remain at 5.25%-5.50%.

10-Year US Treasury Yield

Shifting our focus to Bitcoin, the cryptocurrency has reclaimed the 50-day moving average but remains below the observed horizontal resistance line. Keep your eyes peeled for a potential breakout, as it could have significant implications, potentially putting a bid under names like Coinbase, as highlighted in today’s daily setups.

Bitcoin – Daily Chart

Get ready for a financial spectacle, as market movements and key developments unfold against the backdrop of earnings revelations and the Fed’s policy stance. So, get your popcorn ready and enjoy the show!

US Daily Setups

AFRM – Affirm Holdings Inc.

Affirm is consolidating in the form of a bull flag continuation pattern.

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

 

APP – Applovin Corp.

The Applovin setup is now starting to push higher from the recently highlighted basing pattern to a new high with robust volume.

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

 

COIN – Coinbase Global Inc.

Coinbase is set up in the form of a potential bull flag continuation pattern or continuation wedge.

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

 

DKNG – DraftKings Inc

DraftKings is now threatening a 52-week high breakout, supported by a bullish volume profile.

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

 

S – SentinelOne Inc.

SentinelOne is set up for a potential 52-week high breakout.

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

 

SNOW – Snowflake Inc.

Snowflake continues to see bullish price action as it attempts to break out from our recently highlighted bottoming base.

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

 

XP – XP Inc

XP continues to set up on the right side of its basing pattern. Keep a close eye for a potential breakout.

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

 

Canadian Daily Setups

AYA.TO – Aya Gold & Silver Inc.

Aya Gold & Silver is attempting to break out from a continuation pattern. Take note of the large volume by price bars on the left side of the chart, as it suggests major accumulation throughout this area.

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

 

CTS.TO – Converge Technology Solutions Corp.

Converge Technology Solutions continues to set up for a potential breakout from a bottoming pattern.

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

 

DFY.TO – Definity Financial Corp.

Definity Financial is set up for a potential IPO base breakout when viewed on the weekly chart. Take note that this consolidation has been ongoing for the last two years. A breakout from this pattern would be considered significant.

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

 

LSPD.TO – Lightspeed POS, Inc.

Lightspeed is attempting to break out from a bull flag continuation pattern.

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

 

MMED.NE – Mind Medicine Inc.

Mind Medicine is appearing on momentum scans again as price action consolidates below a trigger line. Monitor for any signs of upside strength.

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

 

NVEI.TO – Nuvei Corporation

Nuvei continues to set up on the right side of a bottoming pattern. Monitor for signs of upside strength.

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

 

TKO.TO – Taseko Mines Ltd.

Taseko Mines is consolidating towards the apex of a significant multi-year consolidation/continuation pattern. As the old saying goes, the bigger the base, the higher into space. Monitor for signs of upside strength that may lead to a breakout.

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

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 – 2024-01-29

A, AAON, ABBNY, ABNB, ABT, ACA, ACIW, ACM, ACN, ADBE, ADEA, ADI, ADM, ADP, ADSK, AEM, AFRM, AGM, AIR, AIT, AKAM, ALG, ALGN, ALKT, ALLE, ALPN, ALSN, ALTR, ALV, AM, AMAL, AMAT, AMCR, AME, AMGN, AMP, AMR, AMWD, AMZN, ANET, ANF, ANSS, AOS, APG, APH, APLS, APO, APP, APPF, ARBK, ARCB, ARCH, ARE, ARES, ARKK, ASML, ASND, ATEYY, ATKR, ATO, ATR, AVAV, AVDX, AVGO, AWI, AWK, AX, AXON, AYI, AZEK, AZO, AZZ, BAC, BAESY, BAM, BBWI, BCC, BECN, BELFB, BFST, BIO, BITO, BITQ, BITW, BK, BKNG, BLBD, BLD, BLDR, BLKB, BLOK, BLX, BPOP, BR, BRBR, BRC, BRO, BRZE, BSX, BTBT, BUR, BVN, BWXT, BX, BXP, C, CACI, CAH, CAMT, CARG, CARR, CASH, CAT, CB, CBAY, CBRE, CBT, CBZ, CCCS, CCJ, CCL, CCOI, CCS, CDAY, CDNS, CE, CECO, CENT, CENTA, CF, CFG, CHCO, CHD, CHE, CHKP, CHRD, CIEN, CL, CLH, CLS, CLSK, CLX, CM, CMA, CMG, CMI, CMPR, CMS, CNM, COIN, COKE, COLL, COO, COOP, COPX, COR, COST, CPRT, CQP, CR, CRH, CRL, CRM, CRSP, CRVL, CRWD, CSCO, CSGP, CSL, CSTM, CSWC, CSWI, CSX, CTAS, CTLT, CTSH, CUBI, CUK, CVI, CVLT, CVNA, CW, CWAN, CXT, CYBR, DAL, DASH, DAVA, DBX, DCBO, DCI, DDOG, DE, DECK, DEFTF, DFH, DFIN, DG, DGHI, DHR, DINO, DIS, DK, DKNG, DLO, DLR, DNN, DOCU, DOV, DPZ, DRI, DRS, DSGR, DT, DTE, DV, DVA, DXCM, EAT, ECL, EFX, EIX, EL, ELF, ELV, EME, ENLC, ENSG, ENTG, EPAM, EPD, EQIX, ESAB, ESOA, ESQ, ESTC, ET, ETHE, ETN, ETSY, EVR, EVRG, EW, EWBC, EXP, EXPE, EXR, F, FA, FAST, FBIN, FBP, FCFS, FCX, FDIG, FDS, FE, FERG, FFIV, FI, FIS, FITB, FIVN, FIX, FLEX, FLR, FLS, FLT, FN, FNF, FOUR, FOX, FRHC, FROG, FRSH, FRT, FSS, FSV, FTAI, FTDR, FTNT, FTV, FWRG, GBTC, GDYN, GEHC, GEL, GEN, GEOS, GFF, GGG, GIB, GIII, GLD, GLOB, GLW, GM, GMS, GOLF, GOOG, GOOGL, GPI, GPN, GRBK, GRC, GRMN, GSHD, GTLB, GVA, GWRE, GWW, H, HAYN, HBAN, HCA, HCC, HD, HDSN, HEES, HESM, HIBB, HIG, HII, HLNE, HLT, HLX, HMC, HNI, HOLI, HOLX, HON, HOV, HQY, HRB, HRI, HSBC, HSIC, HST, HTGC, HUBB, HUBS, HURN, HWKN, HWM, IBCP, IBOC, IBP, ICE, ICFI, ICLR, IDCC, IDT, IDXX, IESC, IEX, IHG, IHI, IIPR, ILMN, IMCR, INFA, INTA, INTU, IOT, IPAR, IPG, IQV, IR, IRM, ISRG, IT, ITA, ITB, ITCI, ITGR, ITRI, ITT, ITW, IWF, IWM, J, JBI, JCI, JELD, JHX, JOE, JPM, KAI, KBH, KDP, KEY, KEYS, KHC, KKR, KLAC, KMX, KNF, KO, KOF, KOP, KR, KRE, KRT, KVUE, KWR, L, LAD, LAKE, LBRT, LDOS, LECO, LEN, LH, LKQ, LLY, LMB, LMND, LNW, LRCX, LRN, LSEA, LSPD, LULU, LUV, LVS, MA, MANH, MAR, MARA, MAS, MBC, MBIN, MBWM, MCD, MCHP, MCK, MCO, MDB, MDLZ, MDT, MEDP, META, METV, MFC, MGM, MGRC, MHK, MHO, MITK, MKTX, MLI, MLM, MLR, MMYT, MNDY, MO, MOD, MORN, MPLX, MPWR, MSCI, MSFT, MSI, MSM, MSOS, MSTR, MTB, MTCH, MTD, MTH, MTRN, MTSI, MU, MYRG, NBN, NCLH, NCNO, NDSN, NECB, NEE, NET, NFLX, NICE, NLR, NMIH, NOV, NOW, NRG, NS, NSC, NSIT, NSSC, NTAP, NTB, NTNX, NTRA, NUE, NVDA, NVO, NVS, NVT, NWSA, NX, NXE, NXPI, NXT, NYT, OC, ODD, ODFL, ODP, OIH, OKE, OKTA, OLED, OMC, ONTO, ORLY, OSG, OSK, OTEX, OTIS, OTTR, OZK, PAGS, PANW, PATH, PATK, PAX, PAYC, PAYX, PBR, PBR/A, PCOR, PEG, PEP, PFBC, PFGC, PH, PHM, PINS, PLAB, PLD, PLMR, PLTR, PLUS, PNC, PNR, PNTG, POOL, POWL, POWW, PRCT, PRI, PRIM, PSN, PSTG, PTC, PWSC, PXD, PYPL, QCRH, QLYS, QQQ, QSR, RACE, RAMP, RBC, RBLX, RCL, RDNT, REGN, REVG, RF, RGA, RHP, RL, RMBS, RMD, ROAD, ROCK, ROK, ROL, ROP, ROST, RPD, RPM, RS, RSG, RSP, RUSHA, RYAAY, S, SAH, SAIA, SAP, SBUX, SCCO, SCS, SFM, SHAK, SHEL, SHOP, SHW, SIGI, SKX, SLB, SLV, SM, SMAR, SMCI, SMH, SMLR, SNA, SNAP, SNOW, SNPS, SPB, SPGI, SPOT, SPSC, SPXC, SPY, SQ, SRE, SRUUF, SSD, STE, STLA, STLD, STNE, STRL, STZ, SUM, SUN, SWBI, SWK, SWKS, SWN, SYK, SYY, TAP, TBBK, TDY, TEAM, TECH, TEL, TER, TEX, TFC, TFX, TGLS, THR, TIPT, TJX, TM, TMHC, TMO, TMUS, TNC, TOL, TPH, TPR, TRAK, TREX, TRI, TRMB, TRNS, TROW, TT, TTE, TTEK, TTWO, TW, TWLO, TXN, TXT, TYL, U, UBER, UBS, ULTA, UNP, UPWK, URA, URBN, URG, URI, URNJ, URNM, USB, USFD, UUUU, V, VECO, VERX, VFC, VGT, VLO, VMC, VNT, VOYA, VRNS, VRRM, VRSK, VRT, VRTX, VSEC, VTR, VTSI, WAB, WAL, WAT, WBS, WDAY, WDC, WDFC, WDOFF, WES, WFC, WFRD, WGMI, WING, WIX, WMS, WMT, WOR, WPM, WST, WTFC, WTS, WWD, WYNN, XHB, XLB, XLC, XLF, XLI, XLK, XLP, XLRE, XLV, XLY, XME, XP, XRAY, XRX, XYL, YELP, YUM, Z, ZBH, ZBRA, ZG, ZION, ZS, 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 – 2024-01-29

ACO/X.TO, ACQ.TO, AD/UN.TO, ADBE.NE, AEP.V, AI.TO, AIF.TO, AMRQ.V, AMZN.NE, APR/UN.TO, ARE.TO, ARG.TO, ARTG.V, ASTL.TO, ATD.TO, ATD/A.TO, ATS.TO, AYA.TO, AYR/A.CA, BAM.TO, BAM/A.TO, BCE.TO, BDT.TO, BEI/UN.TO, BEP/UN.TO, BEPC.TO, BHC.TO, BIP/UN.TO, BIPC.TO, BITF.TO, BMO.TO, BN.TO, BNS.TO, BPF/UN.TO, BRAG.TO, BTB/UN.TO, CCO.TO, CHP/UN.TO, CIG.TO, CIGI.TO, CKG.V, CL.CA, CLS.TO, CM.TO, COST.NE, CP.TO, CPLF.TO, CRDL.TO, CRM.NE, CRON.TO, CRR/UN.TO, CSH/UN.TO, CTS.TO, CU.TO, CVO.TO, CXB.TO, DCBO.TO, DE.V, DFN/PA.TO, DFY.TO, DGS.TO, DHT/UN.TO, DIR/UN.TO, DIS.NE, DLCG.TO, DML.TO, DND.TO, DOL.TO, DRX.TO, EFN.TO, EIT/UN.TO, ENGH.TO, ENS.TO, ERO.TO, ESI.TO, ET.TO, ETHC.NE, ETHH.TO, EU.V, FAR.TO, FCR/UN.TO, FCU.TO, FDR.V, FFH.TO, FN.TO, FOM.TO, FSV.TO, FSZ.TO, FTS.TO, FTT.TO, GGD.TO, GIB/A.TO, GIL.TO, GLO.TO, GLXY.TO, GOOG.NE, H.TO, HITI.V, HIVE.V, HMM/A.TO, HR/UN.TO, IAG.TO, IAU.TO, IFC.TO, IGM.TO, IIP/UN.TO, ITR.V, IVN.TO, JAG.TO, JUSH.CA, KEY.TO, KMP/UN.TO, KNT.TO, KXS.TO, L.TO, LEV.TO, LGC.V, LIF.TO, LNF.TO, LSPD.TO, LUN.TO, MG.TO, MI/UN.TO, MMED.NE, MNT.TO, MOO.V, MRE.TO, MRU.TO, MSFT.NE, MVRS.NE, NA.TO, NANO.TO, NFLX.NE, NOVC.TO, NVDA.NE, NVEI.TO, NWH/UN.TO, NXE.TO, OGC.TO, OR.TO, OTEX.TO, OVV.TO, PAY.TO, PNRL.V, PRMW.TO, PRYM.TO, PTI/UN.TO, PYPL.NE, QBTC.TO, QSR.TO, RCI/B.TO, REAL.TO, REI/UN.TO, RSI.TO, RUS.TO, RY.TO, SEA.TO, SFTC.TO, SGD.V, SHOP.TO, SIA.TO, SIS.TO, SKE.TO, SLF.TO, SLI.V, SLS.TO, SRU/UN.TO, SXP.TO, SYZ.TO, T.TO, TD.TO, TECK/B.TO, TF.TO, TFII.TO, TIH.TO, TKO.TO, TRP.TO, TRUL.CA, URE.TO, VERS.NE, VISA.NE, VRNO.NE, VZLA.V, WCN.TO, WDO.TO, WN.TO, WPM.TO, WPRT.TO, WSP.TO, YERB/U.V, ZZZ.TO

 

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