SYS Research – Daily Report – Monday, June 10, 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: 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

Market Anticipation Heightens Ahead of Federal Reserve Decision

The markets experienced a shaky start, spurred by Friday’s robust jobs report, which tempered expectations for a rate cut this year. However, the S&P 500 and Nasdaq Composite both closed at record highs as the market braces for the Federal Reserve’s upcoming decision on interest rates. The Dow Jones Industrial Average rose about 69 points, or 0.2%, while the S&P 500 increased by 0.3%, and the Nasdaq Composite climbed 0.4%. Notably, the S&P 500 marked its 26th record close of the year.

Dow Jones Industrial Average – Daily Chart

S&P 500 – Daily Chart

Nasdaq – Daily Chart

The Federal Reserve is set to announce its latest decision on Wednesday. Earlier this year, the market had anticipated rate cuts by now, but persistent inflation and steady economic growth have tempered these expectations. Meanwhile, some countries around the world have already begun to lower their rates, adding a layer of complexity to the Fed’s decision-making process.

Bond markets also saw significant movements. The yield on the 2-year Treasury note rose to 4.883%, while the 10-year yield increased to 4.469%. These jumps followed a lackluster auction of 3-year notes, which attracted weak demand, further highlighting uncertainty.

10-Year US Treasury Yield

In light of these developments, market participants should prepare for potential volatility as they await the Federal Reserve’s decision. Now, onto the daily setups.

US Daily Setups

AMZN – Amazon.com, Inc.

Amazon continues to push higher, following the recently highlighted continuation pattern. Monitor for signs of sustained upward momentum.

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

 

BITW – Bitwise 10 Crypto Index Fund

Bitwise 10 Crypto Index Fund is setting up for a potential breakout to a new 52-week high. Monitor closely for signs of upward momentum.

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

 

BOW – Bowhead Specialty Holdings Inc.

Bowhead Specialty Holdings, a recent IPO, shows potential and is worth adding to a watchlist. Monitor for any significant developments that could indicate future momentum.

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

 

HCA – HCA Healthcare, Inc.

HCA Healthcare is attempting to break out from an area of consolidation. Monitor closely for signs of upward momentum that could confirm this breakout.

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

 

META – Meta Platforms, Inc.

Meta Platforms is attempting to push above a horizontal resistance line. Monitor for signs of upward momentum that could confirm a breakout.

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

 

XLV – Health Care Select Sector SPDR Fund

Health Care Select Sector SPDR Fund ETF appears to be setting up just below its recent highs, following an area of consolidation. Monitor closely for any potential breakout signals.

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

 

Canadian Daily Setups

AMZN.NE – Amazon.com Inc. – Canadian Depository Receipt

Amazon continues to push higher, following the recently highlighted continuation pattern. Monitor for signs of sustained upward momentum.

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

 

META.NE – Meta Platforms Inc – Canadian Depository Receipt

Meta Platforms is attempting to push above a horizontal resistance line. Monitor for signs of upward momentum that could confirm a breakout.

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

 

NEO.TO – Neo Performance Materials Inc.

Neo Performance Materials appears to be attempting a breakout from a significant multi-year bottoming wedge. Monitor closely for signs of upward momentum that could confirm this breakout.

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

 

TFII.TO – TFI International Inc.

TFI International is surging higher following a retest of its recent breakout line. Monitor for continued upward momentum to confirm this strong movement.

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

 

TPZ.TO – Topaz Energy Corp.

Topaz Energy is attempting to break out to a new 52-week high. Monitor closely for signs of sustained upward momentum that could confirm this breakout.

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

 

WELL.TO – WELL Health Technologies Corp.

WELL Health Technologies appears to be setting up for a potential breakout from a significant multi-year basing pattern. Monitor closely for signs of upward momentum that could confirm this breakout.

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

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 – 2024-06-10

AA, ABBV, ABNB, ACDC, ACGL, ACMR, ADI, ADM, ADUS, AER, AGI, AGX, AI, AJG, ALAB, ALAR, ALKT, ALTR, AM, AMAT, AME, AMKR, AMP, AMSC, AMT, AMZN, ANET, ANF, APA, APD, APG, APH, APO, ARIS, ARLP, ARM, AROC, ASML, ASPN, ATO, AVAV, AVB, AVGO, AWK, AXON, AXTA, AYI, AZN, BABA, BAESY, BAH, BCO, BCSF, BECN, BG, BIIB, BITO, BITQ, BITW, BJ, BK, BKR, BLOK, BMA, BMY, BOW, BROS, BSX, BURL, BV, BWIN, BYRN, CAH, CAMT, CAT, CAVA, CB, CBRE, CBT, CCAP, CCJ, CDNS, CDRE, CEG, CF, CFG, CHD, CI, CIVI, CL, CLBT, CLH, CLS, CMPR, CMRE, CNP, CNX, COF, COIN, COLL, COO, COP, COST, CPAY, CPLP, CPNG, CPT, CRBG, CRDO, CRH, CROX, CRTO, CRUS, CRWD, CSL, CSWC, CSWI, CTAS, CTRA, CVLG, CVNA, CVX, CYBR, DAL, DCI, DECK, DEFTF, DFS, DHR, DIS, DKNG, DLR, DOW, DPZ, DRS, DTM, DVN, DXCM, DY, EBAY, EDU, EHC, ELF, EME, EMR, ENLC, ENPH, ENSG, ENTG, EOG, EPAC, EPD, EQH, EQIX, EQR, EQT, ERJ, ERO, ESEA, ESOA, ESS, ESTC, ET, ETN, ETRN, EXPD, EXPE, EXR, F, FANG, FDIG, FDX, FIHL, FLEX, FLR, FN, FORM, FRO, FRPT, FSLR, FTAI, FTI, GBTC, GCT, GDRZF, GE, GEL, GEV, GFL, GLP, GLRE, GM, GMED, GNRC, GOOG, GOOGL, GPOR, GPS, GSK, GSL, GWRE, GWW, H, HAL, HALO, HAS, HCA, HD, HEI, HESM, HIG, HIMS, HLNE, HLT, HLX, HON, HOOD, HPE, HQY, HRB, HST, HTGC, HWKN, IBKR, IBM, ICFI, ICLR, IDR, IDXX, IHG, IIPR, IMO, INCY, INVH, IR, IRM, ISRG, IT, ITCI, ITRI, IWF, J, JBHT, JBL, JCI, KBH, KEYS, KKR, KLAC, KMB, KMI, KNF, KNTK, KRT, KRYS, LBRT, LEVI, LII, LLY, LOGI, LOW, LPLA, LPX, LRCX, LUV, MAA, MAIN, MAMA, MAR, MATX, MBIN, MCHP, MCK, MEDP, META, METV, MFC, MHK, MNDY, MPLX, MPWR, MRK, MRO, MSFT, MSI, MSTR, MTD, MTDR, MTSI, MU, MUFG, MUSA, NCNO, NEE, NEM, NFLX, NI, NICE, NOW, NR, NRG, NSC, NTAP, NTRA, NTRS, NVDA, NVMI, NVO, NVS, NWS, NWSA, NXPI, NXT, OIH, OII, OKE, OKTA, OLED, OLLI, ON, ONON, ONTO, OPRA, OR, OSCR, OXY, PAA, PAGP, PANW, PAY, PBA, PCG, PDD, PEG, PG, PH, PKG, PM, PNTG, PODD, POWL, PR, PRCT, PRIM, PSN, PSTG, PSX, PWR, QCOM, QFIN, QQQ, QRVO, RBA, RCL, RDNT, REVG, RL, RMD, RNR, ROL, ROP, ROST, RPAY, RRC, RSG, RSP, RXST, SAH, SANM, SCHW, SDRL, SF, SHEL, SIMO, SKX, SM, SMCI, SMFG, SMH, SMLR, SMR, SNPS, SNX, SO, SOLV, SPG, SPGI, SPNS, SPOT, SPY, STEP, STNG, STX, STZ, SUN, SYF, TAN, TDW, TEL, TER, TEVA, TFII, THC, TKO, TMDX, TMO, TMUS, TNP, TPR, TRGP, TRI, TRIN, TRMD, TRNS, TRV, TS, TSCO, TSM, TT, TXN, TXRH, UAL, UDR, UFPT, UHS, UNP, UPBD, UPS, URBN, URI, USAC, USAP, USO, UTHR, VECO, VGT, VIST, VLO, VNOM, VRN, VRTX, VSEC, VTR, WAB, WCN, WDC, WES, WFRD, WGMI, WHD, WING, WMB, WMT, WSO, WTW, WWD, XEL, XLC, XLE, XLI, XLK, XLRE, XLU, XLV, XLY, XOP, XYL, ZIM, 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 – 2024-06-10

AAUC.TO, AAV.TO, ABXX.NE, AEP.V, AFM.V, AGF/B.TO, AGI.TO, AIDX.TO, ALS.TO, ALYA.TO, AMZN.NE, AOI.TO, ARG.TO, ARIS.TO, ARX.TO, ASTL.TO, ATH.TO, ATRL.TO, ATZ.TO, AVGO.NE, AX/UN.TO, BBD/PC.TO, BDT.TO, BEP/UN.TO, BEPC.TO, BHC.TO, BIR.TO, BNE.TO, BTB/UN.TO, BTE.TO, CCO.TO, CEU.TO, CFP.TO, CG.TO, CGG.TO, CHE/UN.TO, CJ.TO, CJT.TO, CLS.TO, CMG.TO, COST.NE, CPLF.TO, CPX.TO, CR.TO, CRDL.TO, CSU.TO, CTC/A.TO, CVE.TO, D/UN.TO, DEFI.NE, DF.TO, DFN/PA.TO, DNG.TO, DNTL.TO, DR.TO, DRX.TO, E.TO, EFN.TO, ERO.TO, ESI.TO, ETHC.NE, FAR.TO, FDR.V, FIL.TO, FM.TO, FRU.TO, FTG.TO, GEI.TO, GFL.TO, GIP.V, GLXY.TO, GOOG.NE, GRA.TO, GRZ.V, GTE.TO, HBM.TO, HD.NE, HUT.TO, HWX.TO, IFC.TO, IFP.TO, IGM.TO, IMO.TO, INE.TO, IPCO.TO, IPO.TO, ITR.V, JOY.TO, KEL.TO, KEY.TO, KNT.TO, KPT.TO, KWE.V, LABZ.NE, LBS.TO, LCS.TO, LCX.V, LFE.TO, LLY.NE, LNR.TO, LSPD.TO, LUG.TO, LUN.TO, MCB.TO, MDI.TO, MEG.TO, META.NE, MFC.TO, MKP.TO, MRG/UN.TO, MSFT.NE, MTL.TO, MVRS.NE, MX.TO, NEO.TO, NFI.TO, NGEN.V, NGT.TO, NNRG.NE, NPI.TO, NVA.TO, NVDA.NE, OBE.TO, OLA.TO, OR.TO, OSK.TO, OVV.TO, PAY.TO, PBH.TO, PD.TO, PEY.TO, PHX.TO, PIF.TO, PNE.TO, POU.TO, POW.TO, PPL.TO, PRQ.TO, PRYM.TO, PSD.TO, PSI.TO, PSK.TO, RAY/A.TO, RBA.TO, RCK.V, RSI.TO, RUP.TO, SCR.TO, SDE.TO, SEI.V, SGY.TO, SHOP.TO, SIS.TO, SJ.TO, SLF.TO, SLI.V, SMCI.NE, SOIL.TO, STEP.TO, SU.TO, SYZ.TO, TA.TO, TCL/A.TO, TCW.TO, TF.TO, TFII.TO, TLRY.TO, TM.V, TOT.TO, TOU.TO, TPZ.TO, TRUL.CA, TSU.TO, TVE.TO, TVK.TO, TWC.TO, TXG.TO, VET.TO, VGCX.TO, VHI.TO, VLE.TO, VNP.TO, VOXR.TO, VRN.TO, WCN.TO, WCP.TO, WELL.TO, WFG.TO, WJX.TO, WMT.NE, WPK.TO, WPM.TO, WRN.TO, X.TO, XTC.TO, ZZZ.TO

 

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