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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SYS Daily Report
Tech Giants Lead Rally as Bonds Retreat
U.S. stocks surged on Monday, driven by a bullish resurgence following the retest patterns highlighted in our weekend report. Leading the charge were major technology companies, reclaiming ground as bond yields dipped. This mirrors their dual role as significant catalysts in last week’s market declines and the gains observed throughout 2023. Notably, all of the renowned “Magnificent Seven” stocks recorded increases exceeding 1%, with Nvidia, one of our weekend suggestions, making an impressive leap of 6.4%.
NVIDIA
The Dow Jones Industrial Average concluded the day with a 0.6% gain, marking a triumphant three consecutive days of positive performance. The S&P 500 followed suit, posting a 1.4% increase, while the Nasdaq Composite, dominated by tech stocks, led with a notable 2.2% uptick.
Dow Jones Industrial Average
S&P 500
Nasdaq
The market rebound wasn’t exclusive to stocks, as bonds also rallied, pushing the yield on the 10-year U.S. Treasury note down to 4.002% from Friday’s 4.042%. The inverse relationship between bond yields and stocks persisted, emphasizing the pivotal role of interest rates, particularly in influencing the movement of technology stocks due to their heightened sensitivity.
10-Year US Treasury Yield
In parallel, our Bitcoin theme witnessed further acceleration, as the cryptocurrency’s price experienced a breakout supported by robust trading volume.
Bitcoin
As we stand on the precipice of a new trading day, the wisdom of Paul Tudor Jones echoes: ‘Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.’ In the aftermath of last week’s challenges, our focus sharpens on potential setups emerging from the bull flag retest patterns. The goal is to position ourselves to seize opportunities as we navigate the market’s response to a week of losses, aiming not just for recovery but also for significant gains, especially if new trends emerge.
US Daily Setups
ABNB – Airbnb Inc.
Airbnb is working its way towards the apex of a significant consolidation pattern. Keep a close eye for the continuation of upside strength that may lead to a breakout.
LINK TO CHART – https://schrts.co/IHMsSDiT
FTNT – Fortinet Inc.
Fortinet appears poised to break higher from its previously highlighted bottoming pattern. Keep a watchful eye on potential upward movement.
LINK TO CHART – https://schrts.co/PARCAbFX
GOOGL – Alphabet Inc.
Alphabet appears to be set up on the right side of a significant multi-month base. Keep a watchful eye for potential upside momentum.
LINK TO CHART – https://schrts.co/yXpgTrhk
GRVY – Gravity Co. Ltd.
Gravity appears to be setting up near the apex of a significant consolidation pattern with an increase in volume. Keep a close watch for the continuation of upside strength that may lead to a breakout.
LINK TO CHART – https://schrts.co/VxsNNgcN
META – Meta Platforms, Inc.
The Meta setup is now pushing higher from the pattern highlighted over the weekend, indicating potential upward momentum.
LINK TO CHART – https://schrts.co/XtvYQmmX
MSFT – Microsoft Corp.
Microsoft appears to be set up near the apex of a continuation pattern, initiating an upward push from the 50-day moving average. Keep a close eye for a potential breakout.
LINK TO CHART – https://schrts.co/ZWrbxHPq
RIOT – Riot Platforms, Inc.
Many Bitcoin miners such as Riot Platforms seem poised in the form of a cup-with-handle “type” continuation pattern, as the price action successfully retraces to retest the recent breakout line.
LINK TO CHART – https://schrts.co/eMnwMNta
RWAY – Runway Growth Finance Corp.
Runway Growth Finance is attempting to break out to a new 52-week high, supported by a bullish volume profile.
LINK TO CHART – https://schrts.co/TREefhvW
XP – XP Inc
XP appears to be setting up on the right side of a multi-month cup base.
LINK TO CHART – https://schrts.co/rnkkxEuQ
Canadian Daily Setups
BTCC.TO – Purpose Bitcoin ETF
The Purpose Bitcoin ETF is now breaking out to a new 52-week high with bullish volume. Keep an eye on this potential upward momentum.
LINK TO CHART – https://schrts.co/wGmQcFCQ
ETHH.TO – Purpose Ether ETF
The Purpose Ether ETF appears to be setting up below its 52-week high, supported by a bullish volume profile. Keep a close eye for a potential breakout.
LINK TO CHART – https://schrts.co/qIdVCCkJ
CBIT.V – Cathedra Bitcoin Inc.
The Cathedra Bitcoin setup has witnessed another day of increased volume as the price action continues to set up below a trigger line. Keep a close watch for a potential breakout.
LINK TO CHART – https://schrts.co/TEXznEyC
GLXY.TO – Galaxy Digital Holdings Ltd.
Galaxy Digital seems to be set up in the form of a bull flag continuation pattern, indicating a potential resumption of the existing upward trend.
LINK TO CHART – https://schrts.co/BJkwbcKp
GOOG.NE – Alphabet Inc – Canadian Depository Receipt
Alphabet appears to be set up on the right side of a significant multi-month base. Keep a watchful eye for potential upside momentum.
LINK TO CHART – https://schrts.co/IuFPizwa
MSFT.NE – Microsoft Corporation – Canadian Depository Receipt
Microsoft appears to be set up near the apex of a continuation pattern, initiating an upward push from the 50-day moving average. Keep a close eye for a potential breakout.
LINK TO CHART – https://schrts.co/JKmFFwgp
TLRY.TO – Tilray Inc.
Tilray continues to appear on momentum scans. It might be a good idea to keep this chart on a watchlist and monitor for signs of upside momentum.
LINK TO CHART – https://schrts.co/CFAIsdhC
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 – 2024-01-08
AAL, AAON, ABBNY, ABNB, ABT, ACGL, ACIW, ACN, ADP, ADSK, AEL, AEO, AEP, AER, AES, AFL, AFYA, AGO, AJG, ALGN, ALKT, ALLE, ALPN, ALSN, ALTR, ALV, AMCR, AMD, AMGN, AMP, AMT, AMWD, AMZN, ANET, ANF, ANSS, APH, APO, APP, ARCB, ARCO, ARE, ARES, ARM, ASND, ATEYY, ATI, ATKR, ATO, AVB, AWI, AWK, AX, AXON, AXP, AZEK, BAH, BAM, BAX, BBVA, BBWI, BCC, BCML, BCSF, BDX, BECN, BEN, BIIB, BITO, BITQ, BITW, BK, BKNG, BLDR, BLK, BLOK, BLX, BMI, BPOP, BR, BRC, BRK/B, BRO, BSX, BUR, BVN, BWXT, BXP, BYRN, CACI, CAG, CAMT, CAPL, CARR, CASY, CAT, CAVA, CBAY, CBOE, CBZ, CCAP, CCEP, CCI, CCJ, CCS, CDW, CEG, CELH, CFG, CGBD, CHD, CHKP, CI, CIEN, CINF, CL, CLS, CLW, CLX, CM, CMA, CMCSA, CMI, CMS, CNM, CNP, COF, COO, COOP, COPX, CORZQ, COST, CPA, CPB, CPS, CRBG, CRESY, CRH, CRM, CRSP, CRWD, CSAN, CSCO, CSL, CSTM, CSWI, CSX, CTAS, CTLT, CTSH, CVI, CVLG, CXT, CYBR, DAL, DASH, DAVA, DB, DBX, DDOG, DE, DECK, DEFTF, DELL, DFS, DGHI, DHI, DHR, DIS, DLO, DLR, DLTR, DOW, DRI, DRS, DSGR, DSGX, DT, DTE, DUK, DVA, DXCM, DY, EA, EADSY, EBAY, ED, EFX, EG, EIX, EL, ELF, ELV, EME, EMR, ENSG, EPAM, EPD, EQIX, EQR, ES, ESS, ESTC, ET, ETN, ETR, ETRN, EVR, EVRG, EW, EWBC, EXP, EXPE, EXR, F, FA, FBIN, FCFS, FCX, FDIG, FDS, FE, FFIV, FI, FICO, FIS, FITB, FIVN, FIX, FLEX, FLS, FLT, FMX, FN, FNF, FOR, FOUR, FOX, FRHC, FRSH, FSV, FTAI, FTNT, FTV, GBDC, GBTC, GBX, GCT, GDYN, GE, GEHC, GEN, GFF, GGB, GIB, GIFI, GILD, GLOB, GLRE, GLW, GM, GMS, GNTX, GOLF, GOOG, GOOGL, GPC, GPK, GPN, GPS, GRBK, GRVY, GS, GTLB, GWRE, GWW, H, HBAN, HCA, HD, HEES, HIBB, HII, HLNE, HLT, HMC, HOV, HPE, HPQ, HQY, HRB, HRI, HSBC, HSIC, HST, HTGC, HUBB, HUBS, HURN, HUT, HWKN, HWM, HY, IBCP, IBP, ICE, IDXX, IFF, IGIC, IHG, IHI, IMCR, INCY, INTC, INVH, IOT, IP, IPG, IQV, IR, IRM, ISRG, ITB, ITCI, ITGR, IVZ, IWF, IWM, J, JBHT, JBI, JBL, JCI, JKHY, JNJ, JNPR, JOE, KBH, KD, KEY, KHC, KKR, KLAC, KMB, KMI, KNF, KNTK, KO, KOP, KRE, KVUE, L, LAD, LAKE, LDOS, LEN, LH, LII, LKQ, LLY, LMND, LMT, LNT, LOGI, LOW, LPLA, LRCX, LSEA, LSPD, LVS, LW, LYV, LZB, MA, MAA, MAIN, MAR, MARA, MAS, MBC, MBIN, MDLZ, MDT, MEDP, MELI, MET, META, METC, METV, MFC, MGM, MHK, MHO, MITK, MLI, MLM, MMC, MMM, MMYT, MNDY, MNST, MO, MOD, MORN, MPC, MPLX, MPTI, MRK, MRNA, MS, MSCI, MSFT, MSI, MTCH, MTD, MTH, MTRN, MU, MUSA, MVO, NATR, NBIX, NCNO, NDAQ, NEE, NFLX, NGVC, NHC, NI, NLR, NMIH, NOC, NOW, NRG, NSIT, NSS, NTAP, NTNX, NTRA, NTRS, NU, NUE, NVDA, NVO, NVS, NVT, NWSA, NYT, O, OBDC, OC, ODD, ODP, OMC, ORCL, OSIS, OSK, OTEX, OTTR, OZK, PAGS, PAM, PANW, PARA, PATH, PATK, PAX, PAY, PAYC, PAYX, PCAR, PCG, PCOR, PDD, PEAK, PEG, PEP, PFGC, PGR, PH, PHG, PHM, PINS, PKG, PLAB, PLD, PLNT, PM, PNC, PNW, POOL, POWW, PPG, PPL, PRI, PRIM, PRU, PSA, PSN, PTC, PWSC, PYPL, QQQ, QSR, QTRX, RACE, RAMP, RBA, RCL, RDNT, RELX, REVG, RF, RGA, RHP, RIOT, RJF, RL, RMBS, RMD, ROCK, ROK, ROL, ROST, RRC, RS, RSG, RSP, RTX, RVTY, RWAY, SAH, SAIA, SAIC, SAP, SCCO, SCHW, SCS, SFM, SHOP, SKX, SMAR, SMCI, SMH, SMLR, SNAP, SNOW, SO, SPB, SPG, SPLK, SPOT, SPY, SQSP, SRE, SRUUF, STE, STLD, STN, STNE, STT, STZ, SUM, SWK, SWN, SYF, SYK, TAP, TBBK, TDG, TDY, TEAM, TER, TFC, TFX, TGLS, TGT, TIPT, TJX, TM, TMHC, TMO, TMUS, TNET, TOL, TPH, TPR, TREX, TRI, TRMB, TROW, TSCO, TSM, TT, TTWO, TW, TWLO, TXN, TXT, TYL, U, UAL, UBS, UDR, UEC, UHS, ULTA, UPBD, UPS, UPWK, URA, URBN, URB, URDJ, UREL, USAP, USB, V, VGT, VICI, VIST, VMC, VRT, VRTS, VRTX, VST, VSTS, VTSI, WAB, WBD, WDAY, WDC, WELL, WFC, WGMI, WHR, WIRE, WIX, WM, WMB, WMG, WMT, WOR, WPM, WRK, WSM, WST, WTFC, WTW, WY, WYNN, XHB, XLB, XLC, XLF, XLI, XLK, XLP, XLRE, XLU, XLV, XP, XRAY, XYL, YELP, YUM, Z, ZBH, 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 – 2024-01-08
ABX.TO, AC.TO, ACO/X.TO, AEP.V, AFN.TO, AI.TO, AIF.TO, AKG.TO, ALA.TO, ALYA.TO, AMD.NE, AMZN.NE, AP/UN.TO, APR/UN.TO, AQN.TO, ARE.TO, ATD.TO, ATD/A.TO, ATRL.TO, ATZ.TO, AW/UN.TO, AYR/A.CA, BAM.TO, BAM/A.TO, BBD/B.TO, BBU/UN.TO, BCE.TO, BDGI.TO, BDI.TO, BEI/UN.TO, BEP/UN.TO, BEPC.TO, BHC.TO, BIP/UN.TO, BIPC.TO, BITF.TO, BK/PA.TO, BLX.TO, BMO.TO, BN.TO, BNS.TO, BPF/UN.TO, BRK.NE, BTB/UN.TO, BYD.TO, CAD.V, CAR/UN.TO, CAS.TO, CCA.TO, CFP.TO, CHE/UN.TO, CHP/UN.TO, CHR.TO, CIX.TO, CLS.TO, CM.TO, CNC.V, COST.NE, CP.TO, CPX.TO, CRDL.TO, CRM.NE, CRON.TO, CRR/UN.TO, CRT/UN.TO, CS.TO, CSH/UN.TO, CSU.TO, CSW/A.TO, CTC/A.TO, CTS.TO, CU.TO, CWB.TO, D/UN.TO, DBM.TO, DF.TO, DFN.TO, DFN/PA.TO, DFY.TO, DGHI.V, DGS.TO, DHT/UN.TO, DIR/UN.TO, DIS.NE, DNG.TO, DNTL.TO, DOL.TO, DOO.TO, DRM.TO, DRX.TO, ECN.TO, ECO.TO, EFL.TO, EIF.TO, EIT/UN.TO, ELVA.TO, EMA.TO, ENB.TO, ENGH.TO, ENS.TO, EQB.TO, ERE/UN.TO, ERO.TO, ET.TO, ETHC.NE, ETHH.TO, EXE.TO, EXRO.TO, FCR/UN.TO, FFH.TO, FFN.TO, FFN/PA.TO, FIL.TO, FN.TO, FSV.TO, FSZ.TO, FTN.TO, FTS.TO, FWZ.V, GASX.V, GAU.TO, GDV.TO, GEI.TO, GFL.TO, GLO.TO, GLXY.TO, GMIN.V, GOOG.NE, GOOS.TO, GRA.TO, GRT/UN.TO, GUD.TO, GWO.TO, H.TO, HAI.TO, HIVE.V, HLF.TO, HPS/A.TO, HUT.TO, IFC.TO, IFP.TO, IGM.TO, IIP/UN.TO, ILLM.TO, INE.TO, INO/UN.TO, ISO.V, IVN.TO, KMP/UN.TO, L.TO, LB.TO, LBNK.V, LBS.TO, LEV.TO, LIF.TO, LSPD.TO, MDA.TO, MDP.TO, MFC.TO, MFG.V, MG.TO, MMED.NE, MPCT/UN.TO, MRE.TO, MRG/UN.TO, MSFT.NE, MTL.TO, MVRS.NE, NA.TO, NEO.TO, NFLX.NE, NGEN.V, NPI.TO, NVDA.NE, NVEI.TO, NXR/UN.TO, OGI.TO, ONC.TO, OTEX.TO, PET.TO, PEY.TO, PHX.TO, PIC/A.TO, PKI.TO, PLZ/UN.TO, PMZ/UN.TO, PNRL.V, POW.TO, PRB.TO, PRMW.TO, PRV/UN.TO, PRYM.TO, PTI/UN.TO, PTM.TO, PTO/UN.TO, PYPL.NE, PZA.TO, QBTC.TO, QSR.TO, RAY/A.TO, RBA.TO, RCH.TO, RCI/B.TO, REAL.TO, REI/UN.TO, RS.TO, RY.TO, SAP.TO, SGD.V, SGR/UN.TO, SHOP.TO, SIA.TO, SIS.TO, SJ.TO, SLF.TO, SPB.TO, SRU/UN.TO, STEP.TO, STN.TO, SVI.TO, SYZ.TO, T.TO, TCN.TO, TD.TO, TF.TO, TFII.TO, TH.TO, THNC.TO, TIH.TO, TIXT.TO, TKO.TO, TLRY.TO, TOI.V, TRI.TO, TRP.TO, TRUL.CA, TRZ.TO, TSU.TO, TWM.TO, U/UN.TO, URB/A.TO, VERS.NE, VHI.TO, VISA.NE, VMC.V, VRNO.NE, VZLA.V, WCN.TO, WEED.TO, WELL.TO, WFG.TO, WN.TO, WRN.TO, WTE.TO, WUC.CA, X.TO, ZEN.V
