Notice: The Daily Report is provided for informational and educational purposes only and is not intended to be used as a stock-picking service or as financial advice. The charts and accompanying research are designed to support your analysis, serving as indicators rather than direct recommendations to buy or sell any security. The creator assumes no responsibility for actions taken by readers and strongly encourages individuals to fully understand the associated risks and potential outcomes before making investment decisions. Please note that any charts and/or information are intended to aid in research and should not be considered a definitive part of your personal trading strategy. Not all charts will lead to actionable buy or sell signals at any given time. Individuals should consider consulting a qualified financial advisor before making any investment decisions.
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SYS Daily Report
Markets Surge as S&P 500 Closes Above 6000 Amid Post-Election Rally
The S&P 500 marked a milestone on Monday, closing above the 6000 level for the first time, gaining 0.1% to end at 6001. The Dow Jones Industrial Average also reached new heights, advancing 0.7% to close at a record 44,293.13, while the Nasdaq added a modest 0.1%. The recent rally reflects investor optimism following Donald Trump’s electoral victory, driving bullish sentiment across multiple market segments. The rally, however, experienced some hesitation among mega-cap tech stocks, as five of the “Magnificent Seven” underperformed. Small-cap stocks took the lead, fueling market gains, alongside sectors such as financials, energy, and industrials, which stand to benefit from Trump’s policy agenda. The Russell 2000 ETF (IWM), representing small-cap stocks, continued its upward momentum, reflecting strong investor appetite as it gained 1.5% on Monday, building on last week’s robust performance.
S&P 500 – Daily Chart
Dow Jones Industrial Average – Daily Chart
Nasdaq – Daily Chart
Russell 2000 (ETF) – Daily Chart
Amid the stock market’s climb, Tesla extended its rally with a 9% gain, marking a five-day surge of 47.7%, the strongest streak since March 2020. On the other hand, Nvidia experienced a 2.6% decline, while Meta Platforms and Alphabet (GOOGL) showed mixed results. Broadcom (AVGO) continued its rebound, and Costco (COST) maintained its position above a key buy point despite minor declines.
Investors are turning their attention to critical inflation data due later in the week. Both the Consumer Price Index (CPI) and Producer Price Index (PPI) reports are set to be released, which could inform the Federal Reserve’s monetary policy trajectory. Fed Chairman Jerome Powell’s speech on Thursday is expected to provide further clarity on future interest rate adjustments.
In the crypto market, Bitcoin surged to new highs, surpassing $89,000, driven by optimism about the future regulatory environment under the incoming administration. President-elect Trump’s anticipated deregulatory approach has fueled confidence within the crypto sector, as industry leaders look forward to more favorable policies and potential relief from existing regulatory pressures.
Bitcoin – Weekly Chart
On the Toronto Stock Exchange (TSX), Canada’s main index edged higher, closing 29.88 points up at 24,789.28. Gains were primarily led by high-beta sectors such as financials, technology, and industrials, which collectively benefited from broader market momentum. However, a sharp drop in gold mining shares weighed on the materials sector, reflecting investor concerns tied to a strong U.S. dollar and falling commodity prices. Shares of Shopify Inc. (SHOP.TO) climbed 3.4% ahead of quarterly earnings, exemplifying investor confidence in growth-oriented sectors.
TSX – Daily Chart
On Monday, West Texas Intermediate (WTI) crude oil prices declined by 3.3%, settling at $68.20 per barrel. Despite the bond markets being closed for Veterans Day, concerns about inflation remained prevalent. Investors are keenly awaiting Federal Reserve Chair Jerome Powell’s speech on Thursday, which is expected to provide further insights into the central bank’s monetary policy direction, potentially influencing bond yields.
Market activity remains robust but selective, showing profit-taking among large-cap stocks and continued enthusiasm for small-caps and crypto. While volatility persists, investor optimism, supported by economic and policy expectations, drives markets higher.
“In momentum trading, your best offense is finding the trend, but your best defense is a properly placed stop.” – Marty Schwartz
Now, onto the daily setups.
US Daily Setups
CLSK – CleanSpark, Inc.
CleanSpark is approaching the underside of the next horizontal resistance line. If Bitcoin resumes its strength, monitor to see if price action can reclaim the area of congestion highlighted by the large volume-by-price bars located on the left side of the chart.
LINK TO CHART – https://schrts.co/whhxJvnn
FLUT – Flutter Entertainment Plc
Flutter is currently exhibiting upward momentum, emerging from a continuation pattern and approaching its 52-week high. Monitoring for sustained upside movement may indicate a potential breakout.
LINK TO CHART – https://schrts.co/SjgtNabb
SIRI – Sirius XM Holdings Inc.
Sirius XM continues to show increased volume. Monitor to see if price action can push above the horizontal resistance line.
LINK TO CHART – https://schrts.co/pnCcuSGm
SOUN – SoundHound AI Inc.
SoundHound AI is breaking out from a consolidation pattern with increased volume. However, with its earnings release scheduled for November 12, it’s prudent to monitor how the price action reacts post-announcement. Holding positions through earnings without appropriate risk management can expose investors to potential downside gap risk.
LINK TO CHART – https://schrts.co/xKjqQetf
TBBK – Bancorp Bank
Bancorp is currently consolidating below its 52-week high.
LINK TO CHART – https://schrts.co/HFTfHdzV
UUUU – Energy Fuels Inc.
Energy Fuels is currently positioned for a potential breakout from a bullish flag pattern, following a retest of its multi-month downtrend line.
LINK TO CHART – https://schrts.co/ekkkjDSn
Canadian Daily Setups
BITF.TO – Bitfarms Ltd.
Bitfarms is currently breaking out from the pattern highlighted over the weekend.
LINK TO CHART – https://schrts.co/JRSBYIYQ
DEFI.NE – DeFi Technologies Inc.
DeFi Technologies is forming a base pattern, and price action is approaching a horizontal resistance line. Monitor for continued signs of upside momentum that may lead to a breakout.
LINK TO CHART – https://schrts.co/HmtEJUmU
EFR.TO – Energy Fuels, Inc.
Energy Fuelsis is currently positioned for a potential breakout from a bullish flag pattern, following a retest of its multi-month downtrend line.
LINK TO CHART – https://schrts.co/nDpsHxRP
GRID.TO – Tantalus Systems Holding Inc.
Tantalus Systems is currently testing the breakout line from the recent base breakout setup that we highlighted. Monitor for signs of upside momentum.
LINK TO CHART – https://schrts.co/zRFqbypD
KXS.TO – Kinaxis Inc.
Kinaxis is currently consolidating below its 52-week high. Monitor for potential breakout signals.
LINK TO CHART – https://schrts.co/YqvQradx
LAC.TO – Lithium Americas Corp.
Lithium Americas is forming a bullish flag pattern just below horizontal resistance. Monitor for potential breakout signals.
LINK TO CHART – https://schrts.co/IRgmqiZG
To conclude our report, we thank you for your engagement and insights. Your feedback is valuable, 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 – 2024-11-11
AAON, ABCB, ACA, ACM, ACVA, ADP, ADPT, AEE, AEYE, AFL, AGIO, AGM, AGX, AGYS, AIRG, AIT, AIZ, ALLT, ALNY, ALSN, ALTR, AM, AMAL, AMP, AMSC, AORT, APLT, APO, APOG, ARES, ARGT, ARIS, ARKF, ARLP, AROC, ASTL, ATAT, ATO, ATYR, AVAV, AVPT, AWI, AXGN, AXON, AXP, AXR, AXTA, AYI, BAC, BAM, BBAR, BBW, BCPC, BCRX, BCS, BEKE, BFLY, BHR, BIPC, BITO, BITQ, BK, BKNG, BKR, BKU, BLK, BLOK, BLX, BMI, BN, BNTC, BPOP, BR, BRK/B, BRPHF, BRX, BSIG, BTBT, BV, BVS, BWXT, BX, BY, BYRN, C, CAAS, CACI, CADE, CAKE, CANG, CARG, CASH, CAT, CAVA, CBT, CCB, CCK, CCL, CDXC, CDZI, CEIX, CEPU, CFB, CFG, CHCO, CHRW, CHWY, CI, CIBR, CINF, CLH, CLSK, CMA, CMI, CNK, CNO, CNX, COF, COLB, COMP, COOP, CORZ, CPAY, CPRT, CPRX, CPT, CR, CRAI, CRC, CRDO, CRGX, CRH, CRM, CRS, CRVL, CSCO, CSL, CSTL, CSV, CSWI, CTBI, CUK, CVCO, CVLG, CVLT, CVNA, CW, CWK, D, DAKT, DAL, DAPP, DASH, DAVE, DB, DCI, DCO, DDI, DECK, DEFTF, DFS, DGX, DLR, DNLI, DOCS, DOCU, DOLE, DOV, DOYU, DRS, DSGX, DTM, DY, EAT, EBS, EE, ELDN, ELMD, EME, ENLC, ENVA, EPAC, EQBK, EQH, ERJ, ESAB, ESOA, ESQ, ETN, ETR, EVR, EVRG, EWBC, EXLS, EXP, FCNCA, FDIG, FFIV, FI, FICO, FIHL, FINV, FIS, FITB, FIX, FLS, FLXS, FOUR, FOX, FRHC, FRT, FTAI, FTK, FULT, FUTU, G, GBTC, GBX, GD, GDDY, GDS, GEN, GEO, GHM, GILD, GKOS, GLNG, GLW, GM, GMED, GNRC, GNSS, GPI, GRAB, GS, GSHD, GVA, GWW, H, HAFC, HBAN, HBNC, HEI, HESM, HIMS, HIPO, HLI, HLNE, HLT, HNI, HNRG, HOOD, HPQ, HQY, HTBI, HTGC, HTLF, HUT, HWM, IBCP, IBKR, IBN, IBOC, IDCC, IDE, IDT, IESC, IGIC, IGV, IMO, INOD, INSG, INTA, IP, IR, ITA, ITCI, ITGR, ITRI, ITT, IVZ, IWM, J, JCI, JD, JEF, JETS, JFIN, JHG, JLL, JPM, JXN, KBE, KBH, KEX, KEY, KGS, KIM, KINS, KKR, KMI, KRE, KRNT, KTOS, KVUE, LBRDK, LC, LDOS, LENZ, LFVN, LGND, LHX, LINC, LITE, LMAT, LMND, LNC, LNG, LNT, LOB, LOVE, LOW, LPX, LRN, LUMN, LYTS, LYV, LZB, MA, MAA, MAIN, MAMA, MATX, MBWM, MC, MCB, MCRI, MCY, MD, MDU, MESO, MET, METV, MFC, MLI, MLR, MOD, MOG/A, MP, MPLX, MS, MSTR, MTB, MUSA, MWA, NBN, NCLH, NDAQ, NECB, NEOV, NFLX, NGNE, NHC, NI, NIC, NMRK, NOW, NRP, NTB, NTRS, NU, NWG, NWPX, OC, OFIX, OII, OKE, ONON, OPBK, OPFI, OPRA, ORLY, ORRF, OSPN, OWL, PAM, PANW, PAR, PBI, PCG, PCT, PDEX, PEG, PEGA, PFBC, PFG, PH, PIPR, PJT, PKG, PLMR, PLTR, PNC, PNR, PNTG, PODD, POWL, PPL, PRI, PRIM, PRK, PRTH, PRU, PSFE, PSN, PTC, PTCT, PTGX, PWP, PYPL, QCRH, QFIN, QTUM, RAIL, RBA, RBBN, RBCAA, RCL, RDNT, RDW, REPL, RERE, REVG, RF, RGA, RJF, RKLB, RMTI, RNA, ROAD, ROL, RPM, RSI, RSP, RTX, RUSHA, RXT, RYAN, RZLT, SBRA, SE, SEIC, SEM, SF, SFM, SHW, SKT, SKWD, SKYW, SLG, SLM, SNA, SNEX, SPB, SPFI, SPG, SPGI, SPOT, SPRY, SRAD, SRE, SSD, SSNC, STEP, STLD, STRL, STRT, STT, SYF, TBBK, TCBX, TCOM, TDG, TDS, TECX, TFC, TFIN, TGLS, TGS, TGTX, THC, THRD, TIGO, TILE, TKNO, TLN, TMUS, TOST, TPB, TPC, TPG, TPL, TRGP, TRI, TRN, TRV, TSLA, TT, TTD, TZOO, UAL, UBS, UDR, UMBF, UNH, UNM, USB, USFD, USM, UTI, VBNK, VCTR, VCYT, VEL, VIRT, VRT, VSEC, VST, WEC, WFC, WGMI, WIX, WLDN, WLY, WMB, WOOF, WSO, WT, WTFC, WULF, XEL, XLC, XLF, XLI, XLY, XRT, YMM, YPF, ZBRA, ZLAB, ZWS
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 – 2024-11-11
ABXX.NE, AC.TO, AIDX.TO, AIF.TO, ARE.TO, ARX.TO, ASTL.TO, AX/UN.TO, BAM.TO, BB.TO, BHC.TO, BHSC.CA, BIP/UN.TO, BIPC.TO, BITF.TO, BLK.NE, BMO.TO, BN.TO, BNS.TO, BRK.NE, BRM.V, CAE.TO, CAS.TO, CEU.TO, CF.TO, CFP.TO, CHE/UN.TO, CHR.TO, CIX.TO, CM.TO, COV.V, CRM.NE, CRT/UN.TO, CRWD.NE, CSH/UN.TO, CSU.TO, CYBN.NE, DBM.TO, DEFI.NE, DF.TO, DFN/PA.TO, DFY.TO, DGHI.V, DIS.NE, DIV.TO, DR.TO, DRDR.TO, DSG.TO, ECN.TO, EFN.TO, EFR.TO, EIT/UN.TO, EMA.TO, ENB.TO, ENS.TO, EQB.TO, EQLI.TO, ERE/UN.TO, ESI.TO, ETHC.NE, ETHH.TO, EXE.TO, FFH.TO, FFN.TO, FFN/PA.TO, FIH/U.TO, FN.TO, FTG.TO, FTN.TO, FTS.TO, GDV.TO, GEI.TO, GLXY.TO, GMX.TO, GOLD.TO, GOOG.NE, GRID.TO, GS.NE, HD.NE, HIVE.V, HLF.TO, HODL.CA, HUT.TO, IAG.TO, IFC.TO, IFX.V, IMO.TO, IMP.TO, JWEL.TO, KEY.TO, KXS.TO, L.TO, LAAC.TO, LAC.TO, LB.TO, LBS.TO, LFE.TO, LMN.V, LQWD.V, LSPD.TO, LULU.NE, MAL.TO, MATR.TO, MFC.TO, MFI.TO, MG.TO, MOGO.TO, MPCT/UN.TO, MRU.TO, MX.TO, MXG.TO, NDA.V, NICU.V, NTR.TO, OIII.V, ONEX.TO, PANW.NE, PEY.TO, PLZ/UN.TO, PMZ/UN.TO, POU.TO, POW.TO, PPL.TO, PRMW.TO, PYPL.NE, QBTC.TO, RBA.TO, REAL.TO, RSI.TO, RUS.TO, RY.TO, SES.TO, SGML.V, SHOP.TO, SIA.TO, SLF.TO, SOBO.TO, SOY.TO, STN.TO, T.TO, TD.TO, TFII.TO, TIXT.TO, TMQ.TO, TOT.TO, TOU.TO, TRI.TO, TRP.TO, TSLA.NE, TVK.TO, VBNK.TO, VHI.TO, VISA.NE, VLE.TO, WCN.TO, WPK.TO, WRN.TO
