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 Zoom meeting to address your specific requirements and provide you with the guidance you need.

SYS Daily Report

The stock market gapped open this morning, reclaiming the 50-day moving average due to comments from Treasury Secretary Janet Yellen. The move was also fueled by positive news regarding Apple and QUALCOMM renewing their chip partnership for the iPhone, reversing the recent downturn in Apple’s stock price, which had a significant impact on the indexes last week. Apple is scheduled to hold its annual product event on Tuesday morning. Elon Musk was also pleased with the positive TSLA note from Morgan Stanley, causing the stock’s price to gap above the moving averages and a major horizontal resistance line. This market action serves as a strong reminder of the concepts we’ve discussed in our videos. It’s crucial not to become entangled in external distractions. Those who succumbed to September fears or were swayed by pundits constantly attempting to predict the market’s top may not have positioned themselves correctly. The price action of the S&P 500 appears to be forming a continuation triangle pattern as prices move sideways. It is essential to monitor it closely for a potential directional breakout.

I’ll emphasize this point repeatedly: The best and most robust stocks establish and consolidate within bullish patterns even when distractions are prevalent. It’s essential to remain focused and maintain a watchlist so that when the market defies the pundits’ predictions, one can be correctly positioned and not caught off guard while others scramble. As Paul Tudor Jones wisely likened the stock market to surfing – you can’t stop the waves, but you can certainly master the art of riding them. Now, let’s shift our focus to the daily setups.

US Daily Setups

CRWD – CrowdStrike Holdings, Inc.

CrowdStrike is displaying signs of upward momentum from the bottoming base we’ve been highlighting.

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

META – Meta Platforms, Inc.

Meta is currently making an attempt to trend higher from a bull flag continuation pattern.

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

NOW – ServiceNow, Inc.

ServiceNow is in the process of forming a basing pattern as it consolidates just below its 52-week highs. Monitor for signs of potential upside momentum.

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

PCAR – PACCAR, Inc.

PACCAR is poised within a bull flag continuation pattern. Watch closely for a potential continuation of the uptrend.

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

SNOW – Snowflake Inc.

Snowflake is currently consolidating sideways while constructing a bottoming base. Include this chart on your watchlist and closely monitor it for any indications of upside momentum that may result in a breakout.

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

TEAM – Atlassian Corp.

Atlassian is currently making an attempt to trend higher from a bottoming base.

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

TSLA – Tesla Inc.

Tesla is breaking out from a bull flag continuation pattern and above horizontal resistance. Keep a close eye on the potential confirmation of upside strength.

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

UBER – Uber Technologies, Inc.

The Uber setup we’ve been highlighting is currently breaking out from its continuation pattern.

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

Canadian Daily Setups

BYD.TO – Boyd Group Income Fund

Boyd Group has consolidated to the apex of a continuation pattern just below a new all-time high. Keep a close watch for potential upside momentum that may result in a breakout.

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

DML.TO – Denison Mines Corp.

The Denison Mines setup, which we began highlighting around $1.70, is now positioning itself just below its 52-week highs. Keep a vigilant watch for potential signs of a continuation in the upside momentum.

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

FCU.TO – Fission Uranium Corp.

Fission Uranium is currently breaking out from a bull flag continuation pattern with a significant surge in volume. Keep a close watch for potential confirmation of continued upside strength.

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

NFI.TO – New Flyer Industries Inc.

New Flyer Industries continues to experience upside momentum stemming from the bottoming base we’ve been highlighting.

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

TLRY.TO – Tilray Inc.

Tilray is currently pressing against the underside of a horizontal resistance line within a bottoming pattern, accompanied by bullish volume. Keep a close eye on this stock for potential signs of a breakout.

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

WSP.TO – WSP Global Inc.

WSP Global is persistently trending higher following its base breakout. Monitor for a potential continuation of the uptrend.

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

US Scanner Results

Click on the CandleGlance chart to view it in full size. If you 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.

SYS Research – Daily Report – Monday, September 11, 2023