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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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.
Sample Trading System
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SYS Daily Report
A Steady Day on the Markets with Notable Activity in Industrial Defense and Uranium Stocks
In today’s market update, we observe a day characterized by relative calm. As of the time of publishing, major indexes show a lack of significant movement, with prices comfortably above the breakout line on both the S&P 500 and the Nasdaq.
However, beneath the surface, our momentum scanner has identified notable activity in the industrial defense sector and companies associated with the uranium theme. Investors should pay particular attention to developments in these areas.
Highlighted in the Setups: iShares U.S. Aerospace & Defense ETF (Ticker: ITA) and Global X Uranium ETF (Ticker: URA)
Two exchange-traded funds (ETFs) that stand out today are the iShares U.S. Aerospace & Defense ETF and the Global X Uranium ETF. These vehicles encapsulate the momentum observed in the industrial defense and uranium sectors.
Keep a close eye on the Daily Setups section. Moreover, our Workspace presents candle-glance charts featuring stocks identified by our momentum scanner. Ensure you don’t overlook the Watchlists, which shed light on emerging opportunities, along with the scanner PDF files found at the report’s bottom—where you’ll discover additional ideas stemming from these sector themes.
S&P 500
Nasdaq Composite
US Daily Setups
DRS – Leonardo DRS, Inc.
Leonardo DRS is attempting to trend higher from a bull flag, signaling a potential continuation pattern.
LINK TO CHART – https://schrts.co/XwHkpvvf
FMX – Fomento Econmico Mexicano SAB
Fomento Econmico Mexicano is currently digesting its recent all-time high breakout in the form of a bull flag continuation pattern.
LINK TO CHART – https://schrts.co/qWZKQyyK
ITA – iShares U.S. Aerospace & Defense ETF
The iShares U.S. Aerospace & Defense ETF is positioned on the right side of a significant multiyear basing pattern, aligning with the momentum observed in industrial defense names. Keep a close watch for a potential breakout, as the old saying goes: the bigger the base, the higher the space.
LINK TO CHART – https://schrts.co/CDRKDGrz
MELI – MercadoLibre Inc.
MercadoLibre seems to be setting up in the form of a bull flag continuation pattern, positioned on the right side of a significant base.
LINK TO CHART – https://schrts.co/JuWcmAdU
PSN – Parsons Corp.
Parsons seems to be breaking out to all-time highs, marking a significant milestone in its market performance.
LINK TO CHART – https://schrts.co/BxnDzQIZ
TSLA – Tesla Inc.
Tesla is printing a higher low after a re-test of support. Watch for potential upside strength, as it may lead to a breakout.
LINK TO CHART – https://schrts.co/WCnBsBwY
URA – Global X Uranium ETF
The uranium theme appears extremely bullish today as the Global X Uranium ETF threatens to break out from its continuation pattern, signaling a potentially significant market move.
LINK TO CHART – https://schrts.co/RWyRpqN
Canadian Daily Setups
CCO.TO – Cameco Corp.
Cameco is breaking out to another new 52-week high from the continuation pattern we’ve been monitoring.
LINK TO CHART – https://schrts.co/gBaTbvWI
DCBO.TO – Docebo Inc.
Docebo is attempting to push above the breakout line while touching a new 52-week high.
LINK TO CHART – https://schrts.co/SJkKfcBd
DML.TO – Denison Mines Corp.
Denison Mines appears to be breaking out from a continuation pattern.
LINK TO CHART – https://schrts.co/TEWmPtKm
DOL.TO – Dollarama Inc.
Dollarama maintains its momentum, consistently printing new all-time highs, reflecting robust performance in the current market landscape.
LINK TO CHART – https://schrts.co/wTEsaNqJ
NVDA.NE – NVIDIA Corp – Canadian Depository Receipt
NVIDIA is indicating a potential continuation of its uptrend, showcasing sustained positive momentum in the current market conditions.
LINK TO CHART – https://schrts.co/eARMfaJH
U/UN.TO – Sprott Physical Uranium Trust
The Sprott Physical Uranium Trust is setting up below its recent high. Keep a close watch for potential breakout signals.
LINK TO CHART – https://schrts.co/rgTyPFaZ
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.
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.
