SYS Research – Daily Report – Monday, March 4, 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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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

Late-Day Pullback Dampens Early Optimism

In Monday’s trading session, U.S. stocks struggled to maintain their earlier gains, ultimately closing lower while Bitcoin continued its ascent. Investors brace for a bustling week with crucial economic updates anticipated by Asia and the U.S. The spotlight is on the impending February jobs report, slated for release on Friday, carrying the potential to sway perspectives on inflation and interest rates.

As the trading day neared its end, major U.S. stock indexes experienced a retreat, primarily influenced by setbacks in the tech sector’s “Magnificent Seven” stocks. The S&P 500 saw a marginal 0.1% decline, the Nasdaq Composite slipped 0.4%, and the Dow Jones Industrial Average dipped approximately 98 points, or 0.2%. Despite these setbacks, all three indexes are emerging from four consecutive months of gains, with the S&P 500 and Nasdaq achieving new records last week.

S&P 500 – Daily Chart

Dow Jones Industrial Average – Daily Chart

Nasdaq – Daily Chart

Meanwhile, gold prices reached a three-month high, validating Friday’s breakout. The sustainability of this upward momentum suggests potential profitability in the precious metals sector. Monitoring scanner results for ideas and observing daily setups closely is suggested. Early signs indicate a sustained presence of gold and silver miners in the market, potentially presenting investors with abundant opportunities to capitalize on this emerging trend.

Gold – Daily Chart

US Daily Setups

BLK – Blackrock, Inc.

The Blackrock setup is finally breaking out. Monitor its current performance for confirmation of this breakout and potential further movement.

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

 

CR – Crane Co

Crane is attempting to continue its uptrend from a continuation pattern. Keep a close eye on its price action for potential confirmation and signals of sustained upward momentum.

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

 

DIS – Walt Disney Co.

Walt Disney is threatening a 52-week high breakout, indicating potential strength in its upward movement. Keep a close watch on its performance for confirmation of this breakout.

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

 

IBM – International Business Machines

IBM is breaking out from an area of consolidation, which could be considered a flagging pattern. Keep a close eye on its price action for potential confirmation of this breakout and any indications of sustained upward momentum.

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

 

KGC – Kinross Gold Corp.

Kinross Gold is setting up for a potential falling channel breakout with robust volume. Monitor its ongoing performance to confirm this pattern and potential further upside movement.

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

 

RUM – Rumble Inc.

Rumble is surging from a bull flag pattern with heightened volume, especially notable in the large volume by price bar on the left side of the chart where the flag originated. Keep a close watch for confirmation and potential continuation of this upward momentum.

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

 

Canadian Daily Setups

AEM.TO – Agnico-Eagle Mines Ltd.

Agnico-Eagle Mines appears to be setting up on the right side of a significant multi-year consolidation pattern. Keep a close eye on its performance for potential confirmation of continued upside strength, possibly leading to a breakout.

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

 

AGI.TO – Alamos Gold Inc.

Alamos Gold is trading into the underside of horizontal resistance following two powerful days of upside momentum on robust volume. Monitor this level closely to observe if there’s a follow-through and a potential breakout.

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

 

CMG.TO – Computer Modelling Group Ltd.

Computer Modelling Group appears to be set up for a potential continuation pattern breakout. Keep a close eye on its price action for confirmation and any signs of sustained upward momentum.

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

 

CXB.TO – Calibre Mining Corp.

The Calibre Mining setup continues to experience robust volume and displays more upside strength. Keep monitoring closely for further confirmation and potential developments in this trend.

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

 

TCW.TO – Trican Well Service Ltd.

Trican Well Service continues to consolidate along the 200-day moving average. Monitor for any signs of upside momentum that could potentially lead to a breakout.

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

 

WFG.TO – West Fraser Timber Co. Ltd.

The West Fraser Timber setup is seeing another robust day as it continues to break out from the recently highlighted pattern. Keep a close eye on its ongoing performance for confirmation and potential further upward movement.

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

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 – 2024-03-04

A, ABT, ACA, ACM, ACN, AEE, AEM, AER, AES, AGI, AGM, AIG, ALGN, ALL, ALLE, ALPN, ALSN, ALTR, ALV, AMD, AMP, AMT, ANF, ANSS, AON, AOS, APAM, APG, APH, APO, ARCB, ARCH, ARE, ARES, ASML, ATI, ATO, ATR, AVB, AWI, AXON, AYI, AZO, AZZ, BAC, BAESY, BAH, BAX, BBVA, BCO, BEN, BIO, BITO, BITW, BK, BLK, BR, BRKR, BRO, BRP, BSX, BTU, BURL, BWMX, BWXT, C, CACI, CAMT, CARR, CASY, CAT, CBOE, CBT, CBZ, CCAP, CCCS, CCEP, CCI, CCL, CDNS, CDRE, CE, CEG, CELH, CGBD, CHCO, CHD, CHE, CI, CIEN, CL, CLH, CLS, CME, CMG, CMI, CMS, CNA, CNC, CNP, CNX, COIN, COO, COPX, COST, CPB, CPRT, CPT, CR, CRAI, CSCO, CSGP, CSL, CSWC, CSWI, CSX, CTRA, CTSH, CUK, CVLT, CW, CXT, D, DASH, DCBO, DD, DDOG, DEFTF, DFH, DFIN, DIS, DKNG, DLR, DOCN, DOV, DOW, DPZ, DRI, DRS, DSGX, DTE, DUK, DXCM, DY, EADSY, EAT, EBAY, ECL, ED, EGO, EHC, EIX, ELV, EME, EMN, EMR, ENSG, ENTG, EPAM, EQIX, EQR, ERIE, ERJ, ES, ESAB, ESOA, ESS, ETHE, ETN, ETR, EVR, EVRG, EW, EXC, EXP, EXR, F, FAST, FBP, FCN, FCX, FDS, FE, FERG, FFIV, FICO, FITB, FIVE, FIX, FLEX, FMC, FN, FNF, FRPT, FRT, FSV, FTAI, FTNT, GBDC, GBTC, GD, GDX, GDXJ, GE, GEL, GHC, GIB, GIFI, GIS, GL, GLD, GLP, GLW, GNE, GNTX, GOLF, GPC, GRMN, GS, GSK, GWRE, GWW, HAS, HBAN, HCA, HCC, HEES, HESM, HIG, HII, HMY, HOLI, HOLX, HON, HPE, HQY, HRB, HRI, HST, HTGC, HUBB, HWKN, HWM, IBM, IBOC, ICAD, ICFI, ICLR, IDR, IFF, IHI, ING, INTC, INTU, INVH, IOT, IP, IPG, ISRG, ITA, ITGR, ITRI, ITRN, ITT, IVZ, J, JBL, JCI, JKHY, JPM, KB, KD, KEX, KEY, KEYS, KGC, KMB, KMI, KMX, KNF, KNSL, KR, LDOS, LH, LHX, LII, LIN, LKQ, LMB, LMND, LMT, LNT, LPLA, LRN, LUV, LW, LYB, LYV, MAA, MAIN, MAS, MBWM, MCD, MCK, MCO, MDB, MDT, MET, METC, MFC, MKC, MLI, MLR, MORN, MPC, MPLX, MPTI, MRNA, MS, MSI, MSM, MSTR, MTB, MTD, MTRN, MTSI, MUFG, MUSA, MYRG, NATR, NCLH, NDAQ, NET, NGS, NI, NOC, NOW, NRG, NSC, NSIT, NTNX, NTRA, NVDA, NVMI, NVO, NVT, O, OBDC, ODD, OMC, OMI, ONTO, ORCL, OSIS, OTEX, OTTR, OWL, PAA, PCG, PEG, PFG, PFGC, PG, PGR, PINS, PIPR, PKG, PNC, PNR, PNTG, PNW, POWL, PPL, PRDO, PRI, PSA, PSN, PSTG, PSX, PUBM, PWR, QCOM, QLYS, QSR, QTRX, RDNT, RDY, REG, RELX, REVG, RF, RGA, RHI, RJF, RMD, ROAD, ROL, RPD, RPM, RSG, RSP, RUM, RVTY, SAIA, SAIC, SAP, SCCO, SCHW, SHW, SIGI, SKT, SKWD, SLV, SMAR, SMCI, SMH, SMLR, SN, SNA, SO, SPB, SPG, SPLK, SPOT, SPSC, SPXC, SSD, STE, STN, STT, STX, SUM, SWK, SYK, TAP, TDW, TDY, TECH, TEX, TFC, TKR, TMO, TPG, TRAK, TREX, TRGP, TRIN, TRMB, TRNS, TROW, TRV, TSCO, TSN, TSQ, TT, TTEK, TW, TXT, UDR, UHS, UNP, UPS, URBN, URI, USAC, USB, USFD, VEEV, VGT, VICI, VITL, VLGEA, VLO, VLTO, VNOM, VNT, VST, VTOL, VVV, VZ, W, WCN, WDOFF, WEC, WELL, WEX, WFC, WM, WMS, WMT, WRB, WSM, WSO, WWD, WY, XLB, XLF, XLI, XLK, XLP, XLRE, XLU, YUM, ZBH, ZBRA

 

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 – 2024-03-04

AAV.TO, ABX.TO, ACT.CA, AEM.TO, AGI.TO, AKG.TO, AKT/A.TO, ALA.TO, ALS.TO, AMC.TO, AMD.NE, AMX.V, ARE.TO, ARG.TO, ARTG.V, ATH.TO, ATRL.TO, ATX.V, ATZ.TO, AYA.TO, BEI/UN.TO, BIPC.TO, BK/PA.TO, BMO.TO, BNE.TO, BNS.TO, CAD.V, CAR/UN.TO, CEE.TO, CEU.TO, CIG.TO, CIGI.TO, CKG.V, CLS.TO, CM.TO, CMG.TO, CNE.TO, COST.NE, CP.TO, CPLF.TO, CR.TO, CS.TO, CSCO.NE, CTS.TO, CWB.TO, CXB.TO, DBM.TO, DCM.TO, DFN/PA.TO, DFY.TO, DHT/UN.TO, DIS.NE, DIV.TO, DND.TO, DPM.TO, DRX.TO, DSG.TO, EDR.TO, EDV.TO, EFX.TO, EIF.TO, ELD.TO, EMA.TO, EMX.V, EQ.V, ERO.TO, ESI.TO, ET.TO, ETHC.NE, ETHH.TO, FAR.TO, FDR.V, FFH.TO, FFN.TO, FIL.TO, FM.TO, FOM.TO, FR.TO, FSV.TO, FSZ.TO, FTN.TO, FTS.TO, GAU.TO, GDV.TO, GIB/A.TO, GLXY.TO, GRA.TO, GRID.TO, GWO.TO, HAI.TO, HBM.TO, HR/UN.TO, HWX.TO, IAG.TO, IBM.NE, IFP.TO, IGM.TO, IIP/UN.TO, IMG.TO, INTC.NE, IVN.TO, JAG.TO, JOY.TO, K.TO, KEL.TO, KMP/UN.TO, KNT.TO, KRR.TO, KXS.TO, LB.TO, LOVE.V, LUG.TO, MAU.V, MDA.TO, MFC.TO, MFG.V, MKO.V, MKP.TO, MNT.TO, MOGO.TO, MOOO.CA, MTA.V, MUX.TO, MVP.TO, NA.TO, NGD.TO, NGEX.TO, NOVC.TO, NPK.TO, NVDA.NE, OGC.TO, OLA.TO, OR.TO, OTEX.TO, PAAS.TO, PEY.TO, PHYS.TO, PLSR.V, PNG.V, POU.TO, POW.TO, PPTA.TO, PRMW.TO, PRU.TO, PRV/UN.TO, PRYM.TO, PSD.TO, PSLV.TO, QBTC.TO, QSR.TO, RML.V, RUP.TO, SCR.TO, SDE.TO, SEA.TO, SES.TO, SGD.V, SOIL.TO, SPB.TO, SPPP.TO, SSL.TO, STN.TO, SVM.TO, TECK/B.TO, TFII.TO, TFPM.TO, THNC.TO, TOU.TO, TPL.V, TPZ.TO, TUO.V, TXG.TO, VZLA.V, WCN.TO, WDO.TO, WFG.TO, WIFI.CA, WILD.TO, WRN.TO, WSP.TO, X.TO, XTG.TO, ZEN.TO

 

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