SYS Research – Daily Report – Monday, November 27, 2023

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: We update the sector chartists every weekend. We highly recommend that you take some time to browse and create your watchlist. 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.

Sample Trading System

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

Stocks Tread Cautiously Amid Precious Metals Surge

Having notched its fourth consecutive week of gains, the stock market is displaying a tentative posture as the new week unfolds. As of Monday afternoon, the major indexes exhibited a subtle mix of movements, with a particular spotlight on the robust performance of precious metals—a focal point in our daily setups segment.

The Dow Jones Industrial Average experienced a marginal dip of 0.2%, in contrast to the Nasdaq’s modest uptick of 0.3%. Meanwhile, the S&P 500 maintained near equilibrium, registering minimal change in today’s stock market session. Notably, all three primary indices retained a sturdy position above their 50-day moving averages.

Indexes

On the flip side, the small-cap Russell 2000 lagged, facing a 0.3% decline. Although it remains positioned well above its 50-day line, it finds itself situated beneath its 200-day (or 40-week moving average) mark.

Russell 2000 ETF

While the spotlight on earnings persists early in the week, the eagerly awaited moment for investors looms on Thursday—unveiling the Federal Reserve’s preferred inflation metric. The core personal consumption expenditures (PCE) index for October promises a pivotal glimpse into the progress of the central bank’s ongoing battle against inflation.

Meanwhile, the 10-year Treasury yield experienced a descent to 4.400% in the realm of fixed-income assets. This rate fluctuation contributes to the broader narrative of market dynamics and will be closely monitored as the week unfolds.

10-Year US Treasury Yield

As we delve into our setups section, consider this perspective from Peter Schiff, CEO of Euro Pacific Capital and a distinguished gold advocate: ‘Gold is not in a bubble. It’s not that gold prices are too high; it’s that fiat currencies are too low.’ This quote underscores Schiff’s belief that gold’s value is not inflated but rather aligns with the depreciation of fiat currencies. It sets the tone for a bullish outlook as we navigate through potential opportunities in the gold miner space.

US Daily Setups

AGI – Alamos Gold Inc.

The Alamos Gold setup we’ve been consistently discussing now seems to be breaking out from its cup formation.

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

 

GDX – VanEck Vectors Gold Miners ETF

The VanEck Vectors Gold Miners ETF is pushing against the trigger line we’ve highlighted. Keep a close eye on a potential breakout, and take note of the 200-day moving average that isn’t shown on this chart.

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

 

GDXJ – VanEck Vectors Junior Gold Miners ETF

The VanEck Vectors Junior Gold Miners ETF appears to be breaking out from the falling channel pattern that was highlighted multiple times last week.

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

 

GLD – SPDR Gold Shares

The SPDR Gold Shares ETF is attempting to break out above its downtrend line and horizontal resistance, stemming from an area of consolidation.

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

 

SIL – Global X Silver Miners ETF

The Global X Silver Miners ETF appears to be breaking out from the falling wedge pattern we highlighted in the weekend report.

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

 

SLV – iShares Silver Trust

The iShares Silver Trust ETF is breaking out near the apex of a significant consolidation pattern.

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

 

Canadian Daily Setups

AEM.TO – Agnico-Eagle Mines Ltd.

Agnico-Eagle Mines is making an attempt to break out from a rounded bottom pattern.

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

 

AGI.TO – Alamos Gold Inc.

The Alamos Gold setup we’ve been consistently discussing now seems to be breaking out from its cup formation.

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

 

ELD.TO – Eldorado Gold Corp.

Eldorado Gold is accelerating higher from the basing pattern we’ve consistently highlighted.

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

 

TSU.TO – Trisura Group Ltd.

Trisura is appearing on momentum scans today, with its price action setting off the lower trendline of a significant consolidation pattern. Keep a close watch for potential continuation and upside strength, which could propel the price to the upper trendline of the larger pattern, potentially leading to a breakout.

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

 

WDO.TO – Wesdome Gold Mines Ltd.

Wesdome Gold Mines is exhibiting upward momentum from the lower trendline of the bottoming base previously emphasized. Monitor for ongoing upside strength that might result in the awaited breakout.

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

 

XGD.TO – iShares S&P/TSX Global Gold Index ETF

The iShares S&P/TSX Global Gold Index ETF seems to be breaking out from a significant falling channel continuation pattern.

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

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 – 2023-11-27.xlsx

ABT, ACGL, ADBE, AEM, AEP, AFRM, AGI, AGRO, AGX, AIR, AIT, AIZ, AJG, ALPN, ALTR, ALV, AM, AMAT, AMR, AMT, AMZN, ANET, ANF, APG, APP, APPF, ARCH, ARES, ARGX, ARKK, ASAN, ATGE, ATO, AVAV, AVY, AWI, AXON, AYI, AZEK, AZUL, BBW, BCC, BCO, BDI.TO, BELFB, BITI.TO, BITQ, BKNG, BLK, BLKB, BLOK, BLX, BRBR, BRC, BRO, BRZE, BTU, BVN, BWLK.V, CAH, CARG, CASY, CB, CBOE, CBZ, CCAP, CCCS, CCI, CCJ, CDRE, CE, CECO, CGBD, CHD, CLS, CLSK, CMG, CNC, CNM, CNO, CNP, COCO, COIN, COR, COST, CR, CRBG, CRH, CRM, CRS, CRT, CRWD, CSTM, CVI, CVLT, CWCO, CYBR, DASH, DBX, DDOG, DECK, DELL, DFIN, DGHI, DGX, DKNG, DLB, DLR, DMLP, DPZ, DRS, DUK, DUOL, DV, DXCM, E, EA, ECL, EFX, EG, EGO, EIX, ELF, EPAM, EQIX, ERIE, ETR, ETSY, EXC, EXP, FA, FCNCA, FDIG, FDS, FERG, FFIV, FICO, FIS, FLEX, FLR, FN, FOUR, FROG, FRT, FTDR, FWRG, GDX, GDXJ, GDYN, GEL, GEOS, GFI, GGG, GIB, GLD, GLNG, GLOB, GLRE, GOOG, GOOGL, GPOR, GPS, GRMN, GSHD, GWRE, GWW, HCC, HD, HDSN, HESM, HIBB, HIG, HIVE, HIVE.V, HLNE, HMY, HRB, HST, HURN, HUT.TO, IBM, IDCC, IDT, IDXX, IESC, IGIC, IHG, IIPR, INTA, INTC, INVH, IOT, IP, IPAR, IQV, IREN, IRM, ITRN, ITT, JBL, KGC, KHC, KIM, KOF, KRT, KTOS, LECO, LFMD, LH, LPLA, LRCX, LSEA, LSPD, LULU, LZ, MAMA, MANH, MARA, MBC, MCK, MEDP, MELI, META, MHO, MLI, MMM, MNDY, MOH, MORN, MPLX, MSA, MSFT, MU, MUSA, NATR, NCNO, NET, NGVC, NI, NKE, NS, NSIT, NTAP, NUE, NVDA, NVS, NVT, NWSA, NXE, NYT, O, OBDC, OC, OLED, ONTO, OR, ORCL, ORLY, OTEX, PANW, PATH, PAYX, PCG, PDS, PEG, PFGC, PG, PGR, PHX.TO, PINS, PKG, PLTR, PRDO, PRI, PTC, PWR, PYPL, QSR, RACE, RAMP, RBA, RBC, RCL, RDNT, REG, RELX, REVG, RHI, RHP, RL, RNR, ROCK, ROK, ROL, ROST, RPD, RS, RSG, RYAN, SAP, SBAC, SBUX, SFM, SHOP, SIGI, SIL, SKM, SKWD, SKX, SLV, SMAR, SMCI, SNOW, SNPS, SO, SPOT, SPSC, SQ, SRE, SRUUF, SSD, STLD, STN, STNE, STX, SUM, SWK, TGS, TNET, TOL, TRAK, TREX, TRI, TRV, TTEK, TW, TYL, U/UN.TO, UBER, UEC, UNH, URG, USAP, V, VERX, VIST, VIV, VRNS, VRRM, VRSK, VRSN, VST, VTR, W, WDC, WDO.TO, WEC, WELL, WING, WIX, WMG, WMS, WPM, WRK, WSM, XP, YELP, YPF, YUM, ZBRA, ZS

 

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 – 2023-11-27.xlsx

AAWH/U.CA, ABX.TO, ACT.CA, AD/UN.TO, AEM.TO, AEP.V, AGI.TO, AI.TO, AMZN.NE, AP/UN.TO, ARE.TO, ARIS.TO, ASCU.TO, ATRL.TO, ATZ.TO, AX/UN.TO, AYA.TO, AYR/A.CA, BB.TO, BDGI.TO, BDI.TO, BEI/UN.TO, BK/PA.TO, BRW.V, BTB/UN.TO, BTO.TO, CAD.V, CAR/UN.TO, CCO.TO, CEF.TO, CG.TO, CHP/UN.TO, CIX.TO, CLS.TO, COST.NE, CRR/UN.TO, CRRX.TO, CRT/UN.TO, CSH/UN.TO, CXB.TO, DNG.TO, DPM.TO, EDV.TO, ELD.TO, ENGH.TO, EQB.TO, EQX.TO, EXE.TO, FCR/UN.TO, FDR.V, FN.TO, FR.TO, FVI.TO, GIB/A.TO, GLO.TO, GOLD.TO, GOLD.V, GOOG.NE, GRT/UN.TO, GTII.CA, GUD.TO, H.TO, HIVE.V, HUT.TO, IIP/UN.TO, IMG.TO, ITR.V, JAG.TO, JWEL.TO, K.TO, KNT.TO, KRR.TO, KSI.TO, KXS.TO, LSPD.TO, LUG.TO, MAG.TO, MCB.TO, MI/UN.TO, MTA.V, MVRS.NE, NEO.TO, NFG.V, NG.TO, NGD.TO, NOVR.V, NPR.V, NVDA.NE, ONEX.TO, OR.TO, OSK.TO, OTEX.TO, PAAS.TO, PLC.TO, PMZ/UN.TO, PNRL.V, PRU.TO, PSLV.TO, QSR.TO, RBA.TO, RET/A.V, RSI.TO, RUS.TO, SEA.TO, SGR/UN.TO, SHOP.TO, SIA.TO, SIL.TO, SIS.TO, SKE.TO, SPB.TO, SSRM.TO, STLC.TO, STN.TO, SVM.TO, T.TO, TCL/A.TO, THNC.TO, TOI.V, TRI.TO, TSLA.NE, TSU.TO, U/UN.TO, VGCX.TO, VZLA.V, WCN.TO, WDO.TO, WED.V, WN.TO, WPK.TO, WPM.TO, WTE.TO, ZZZ.TO

 

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