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SYS Daily Report
Markets Rebound, But the Test Comes Next
The stock market staged a much-needed rebound during Thursday’s session, responding positively to a softer inflation backdrop and strong earnings-related developments. That said, the rally showed signs of friction beneath key technical areas, particularly within the technology-heavy indexes. Several leading stocks pushed into constructive technical setups, though a number of them faded from intraday strength. The session ultimately reflected stabilization rather than resolution.
What happens next remains critical. The market now faces an inflection point between follow-through and renewed consolidation. Market leadership is broad, spanning technology, consumer, defense, commodities, and select thematic groups, underscoring the importance of diversified watchlists. At the same time, many previously damaged artificial intelligence names rebounded but remain technically uneven, reinforcing the need for selectivity and confirmation.
Macro Overview
U.S. markets responded favorably to a cooler inflation print, which helped ease pressure across interest-rate-sensitive assets and stabilize risk appetite. Treasury yields softened during the session, aligning with renewed expectations for eventual policy easing. The broader macro tone supported equities without triggering aggressive risk-taking, reflecting a market still in repair mode rather than acceleration.
In parallel, central bank developments abroad added context, with European policy remaining cautious. The macro backdrop favored stabilization and rotation rather than decisive trend expansion.
10-Year US Treasury Yield – Daily Chart
US Dollar – Daily Chart
Breadth & Major Index Charts
Market participation improved notably during the session. Advancing stocks outpaced decliners across major exchanges, signaling a healthier internal structure, even as indexes encountered resistance, though the breadth indicator is attempting to curl downward.
The S&P 500 regained key short-term support and worked to stabilize after a multi-day pullback. The Nasdaq Composite led early but stalled near intermediate resistance, reinforcing its role as the key battleground for confirmation. The Dow Jones Industrial Average participated but lagged relative to growth-heavy peers, while the Russell 2000 ETF joined the rebound before cooling, suggesting measured risk appetite rather than full small-cap leadership.
The Red-Light/Green-Light Breadth System
S&P 500 – Daily Chart
Nasdaq – Daily Chart
Dow Jones Industrial Average – Daily Chart
Russell 2000 (ETF) – Daily Chart
TSX Recap
Canada’s equity market rebounded and snapped its recent losing streak, though gains moderated as the session progressed. The TSX Composite pushed higher earlier in the day before pulling back from its intraday high, finishing with a more measured advance.
Leadership was concentrated in industrials and financials, which helped anchor the index after several days of weakness. Consumer discretionary stocks also contributed, while energy acted as a drag despite firmer crude prices. Cannabis stocks were volatile, with Curaleaf Holdings (CURA.TO) reversing sharply and giving back a portion of its recent gains.
TSX – Daily Chart
Digital Assets Overview
Digital assets weakened during the session, contrasting with strength in equities. Bitcoin (BTC) traded lower while testing an important inflection zone, with Ethereum (ETH) and Solana (SOL) also under pressure. Volatility remained elevated in smaller tokens, reinforcing a risk-off tone within the crypto complex.
This softness continued to support activity in inverse crypto-linked instruments, including ProShares Short Bitcoin Strategy ETF (BITI) and T-Rex Inverse MSTR ETF (MSTZ), both of which pressed into technically significant areas as digital assets struggled to regain traction.
Bitcoin – Daily Chart
Ethereum – Daily Chart
Solana – Daily Chart
Commodity Watch
Commodity markets softened into the latter part of the session. Crude oil moved lower, pressuring energy equities and reinforcing the sector’s relative underperformance. Copper remained range-bound, continuing to trade without clear directional conviction and reflecting ongoing consolidation.
Precious metals also weakened. Both gold and silver ended the day lower, pulling back from recent strength and weighing on parts of the metals and mining complex. While the near-term tone was softer, the broader technical structure across several commodity themes continues to suggest consolidation rather than a decisive shift.
Uranium-related equities remained comparatively resilient, maintaining a constructive technical posture relative to other resource groups, though the price must hold the recent low to avoid breaking down.
Crude Oil – Weekly Chart
Copper – Daily Chart
Gold – Daily Chart
Silver – Daily Chart
Uranium Theme – Global X Uranium ETF (URA)
Sector & Thematic Movers
Technology led the session, supported by a strong earnings response from Micron Technology (MU), which lifted the broader semiconductor and data-center ecosystem. Nvidia (NVDA) and other AI-linked stocks rebounded, though many remain below key moving averages, highlighting recovery attempts rather than confirmed leadership.
Consumer-oriented names also contributed, reinforcing the market’s stabilizing tone. Carvana (CVNA) held firm near recent highs, while Target (TGT) continued to work through a bottoming process. Defense-related strength persisted, with Elbit Systems (ESLT) extending a breakout and reflecting sustained institutional interest.
In Canada, cannabis stocks including Tilray Brands (TLRY.TO), Canopy Growth (WEED.TO), and Curaleaf Holdings (CURA.TO) remained among the most active movers.
Stock Movers
Single-name action was active and diverse. Micron Technology (MU) stood out following earnings, influencing peers such as ASML Holding (ASML) and semiconductor ETFs. Software and platform names including Reddit (RDDT), AppLovin (APP), and Shopify (SHOP) showed intraday strength before paring gains.
In industrials and energy, Peabody Energy (BTU) continued to compress within a continuation structure, while Constellation Energy (CEG) benefited from ongoing nuclear power themes tied to data-center demand. In materials, Orla Mining (OLA.TO) extended strength following operational updates, reinforcing leadership within precious metals.
Options & Insider Flow
Options activity reflected confidence beneath the surface. Significant put selling was observed in Target (TGT), Starbucks (SBUX), Lululemon Athletica (LULU), and Amazon (AMZN), pointing to income-focused bullish positioning. Tesla (TSLA) displayed heavy two-way flow, combining call activity with put exposure, signaling active positioning rather than one-sided conviction.
Insider activity remained particularly active in Canada, with notable accumulation across resource and small-cap names, reinforcing longer-term confidence despite short-term volatility. Institutional disclosures highlighted sustained sponsorship across equities, funds, and biotech, adding depth to the day’s stabilization narrative.
Small-Cap Spotlight
Small caps participated in the rebound but showed selective follow-through. In the U.S., Rivian Automotive (RIVN) benefited from call-focused options activity, while in Canada, smaller resource names such as Graphite One (GPH.V) and Quantum eMotion (QNC.V) continued to attract attention on volume-supported technical setups. The behavior of small caps suggests improving engagement without a full speculative surge.
Conclusion
Thursday’s session marked an important attempt by the market to regain its footing. Softer inflation data and earnings-driven leadership provided the foundation for a rebound, but resistance remains a defining feature of the tape. Breadth improved, leadership broadened, and several themes reasserted themselves, yet confirmation is still required.
The market now enters a critical phase where holding reclaimed support and extending participation will matter more than headline-driven moves. For now, the session reflects stabilization and selective opportunity rather than a decisive trend shift, with the next move likely defined by how indexes and leaders behave around key technical levels.
“You must have a stop. Without one, you’re not managing risk.” — Michael Marcus
Now, onto the daily setups.
US Daily Setups
ALB – Albemarle Corp.
Albemarle is a stock we have been highlighting in the daily setups since it began forming a bottoming pattern, followed by its breakout. Since then, price action has continued to follow the system rules outlined at the top of each report, walking above its upward-sloping moving averages. Today, price action is attempting another new 52-week high. Monitor for continuation of the trend.
BITI – ProShares Short Bitcoin Strategy ETF
The ProShares Short Bitcoin ETF is pushing up against a significant horizontal resistance line as Bitcoin tests a critical inflection level. This appears to be a line in the sand where buyers may need to step in to support price. If not, a break below current levels could accelerate downside momentum in Bitcoin and potentially support a breakout in this inverse ETF.
BTU – Peabody Energy Corp.
Peabody Energy continues to set up near the apex of a continuation pattern. Monitor for any signs of increased momentum.
MRK – Merck & Co., Inc.
Merck is attempting to move higher from a bullish flag continuation pattern.
MSTZ – T-Rex 2X Inverse MSTR Daily Target ETF
The T-REX 2X Inverse MSTR ETF is pushing up against a significant horizontal resistance line as Bitcoin tests a critical inflection level. This appears to be a line in the sand where buyers may need to step in to support price. If not, a break below current levels could accelerate downside momentum in Bitcoin and potentially support a breakout in this inverse ETF.
TGT – Target Corp.
Target continues to attempt a breakout from its bottoming pattern.
LINK TO CHART – https://schrts.co/DFheWFHa
Canadian Daily Setups
CAE.TO – CAE, Inc.
CAE continues to position itself just below a significant horizontal resistance line. Monitor for any potential breakout signals.
GIL.TO – Gildan Activewear, Inc.
Gildan Activewear continues to attempt a breakout from the recently highlighted pattern.
GPH.V – Graphite One, Inc.
Graphite One is attempting to break out from the pattern highlighted in last night’s report, supported by another day of robust volume.
QNC.V – Quantum eMotion Corp.
Quantum eMotion seems to be the gift that keeps on giving in a volatile market tape, up four days in a row since first highlighting the bullish pennant setup.
RCH.TO – Richelieu Hardware Ltd.
Richelieu Hardware is a setup that continues to walk above its upward-sloping moving averages on the daily chart and remains positioned near the apex of a large multi-year consolidation pennant, which can also be viewed as a continuation pattern. Monitor for continued signs of upside momentum, as the volume profile around this structure could be featured in a textbook.
SIA.TO – Sienna Senior Living Inc.
Sienna Senior Living is now popping higher from the recently highlighted bullish flag continuation pattern. Monitor to see whether the trend can continue above its upward-sloping moving averages.
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
(Stocks are sorted to highlight those with the strongest momentum at the time of the scan)
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.
ISSC, FCEL, AVR, EHTH, FBRX, AXG, DAWN, GLSI, QUIK, MU, TE, FHTX, SLS, NRGV, RGC, NBN, FTCI, RIVN, TENX, ALTO, HTFL, SUPV, AENT, KOLD, BFLY, RKLB, BBAR, HYMC, REAL, JMIA, CEPU, EVEX, CNR, LXEO, PL, GGAL, OSS, WDH, APPS, ZEPP, AAOI, BMA, HITI, ELVA, VFF, FEIM, WDC, ACB, RUN, PLUG, DAVE, LC, CGC, NAUT, CYD, LOMA, SSP, ACNT, LRCX, TLN, ENLT, STX, AFRM, SUZ, APP, BTU, UPB, KRMN, CEG, AMR, PGEN, EVLV, SBUX, QURE, VTVT, VLRS, DASH, BZ, LMND, BNR, ANRO, KVYO, MRNA, ALMS, MNMD, PLTR, CENX, VSEC, SGHC, PHAT, FTK, INBX, PKE, MBI, CUBI, SPHR, LITE, EAT, ISBA, DSP, KLAC, LASR, SIBN, NUTX, ANAB, TSEM, IDR, CRMD, YPF, IRS, VBNK, FSLR, TSLA, CIEN, BELFA, WLDN, ADPT, ATRO, XIFR, RVLV, ORLA, SNDL, BTSG, CECO, ATS, BROS, INFY, IDN, RTO, NUVB, RNGR, STRT, RDDT, MATX, ESPR, ARGT, KRMD, STTK, SHOP, CVNA, HIPO, EKSO, TGS, BILL, ASIC, IHRT, CRESY, HWM, WHWK, ALB, GLBE, HRTG, JOUT, FROG, MDB, HOUS, ENTA, IHS, INNV, KMDA, TATT, ERO, TBRG, CAAP, LYEL, SPXC, LTM, AP, TTI, GCT, HWKN, AFRI, SRZN, SNDA, CSIQ, BWB, DB, DRTS, KINS, RKT, AA, CRH, DERM, PROF, PACS, SII, KSS, COMP, GE, GTX, LSPD, UBS, TBBB, PPTA, ROKU, IBEX, CCB, IFS, SRTA, MDXG, NPB, CWK, UVE, ESQ, CHRW, WSM, TPR, OPFI, GIL, MITK, SHLS, SVIX, VSCO, EL, FIGS, BIPC, DAN, CXDO, IDEXY, PI, CTRI, GDOT, GRDN, AAMI, TAK, GMED, KEN, BBW, NGVT, PFBC, MAX, CIA, KNTNF, SITM, TPC, TLRY, FIVE, AMAL, CLYM, ITRN, MATV, TDAY, NMR, TBPH, SKYW, DQ, TGT, MTW, PEGA, AEO, SATS, PROK, GGT, NOK, MIRM, CODA, EVER, MODG, BIOA, SQM, BELFB, AD, BSTZ, NCSM, SKY, CNOB, KEX, THR, ACMR, CMPR, RDVT, TDS, GPRE, FSS, AMRZ, HTBK, LAW, FULC, QUAD, LOB, CWCO, LGND, UAL, CPRI, AS, LLY, FOR, ALLY, UVSP, WWD, SSRM, ANF, RERE, NMRK, WT, MAGS, EXEL, OSIS, RLAY, APGE, EYPT, ECVT, PLOW, ARCB, IMOS, NLOP, WILC, TV, FLGT, CSV, JCAP, NKSH, CYBN, MSFT, IX, ACR, BSAC, NWFL, ZTO, PFSI, REVG, NATL, UNM, CARE, ATEN, CX, TD, CRS, DCO, HLLY, M, THFF, RSI, TCX, DRV, ABBNY, FFIC, HTHT, YETI, DLX, MCB, BCS, EQBK, NPK, FISI, IVR, ONON, SCO, ANGO, CPS, DIN, CCO, ZWS, BAP, EWW, ITA, CIM, OBT, RM, CG, BLFS, COLL, RDN, TWN, VPG, III, CGAU, XPEL, SUPN, GLDD, EBMT, OPBK, ALTI, LNKB, AGD, EBAY, HG, MSB, WNEB, CVCO, PCOR, RL, NFBK, C, OCFC, ATI, IRMD, CYRX, PGC, MGA, HCI, VICR, APEI, AU, FRAF, R, AMBP, USLM, TRST, ZYME, MTG, TTAN, CLBT, PEN, SHC, HE, BCAL, TRTX, BEN, ANNX, HUBG, CHMG, RY, MRK, DHC, RAPT, CBL, ALCO, MITT, LHX, TYRA, ACRS, BFH, TBBK, CAF, SCHL, SEPN, SGHT, ZEUS, KRNY, MYE, SLGL, XME, ARWR, AX, MLI, WBS, BBVA, RGNX, SMRT, VEON, ALSN, CLBK, NRDS, VLY, GEL, HGTY, AUGO, VCV, MFC, AXGN, FQVLF, GKOS, MXF, PPIH, SID, LINC, BPOP, XERS, MYFW, MFIN, EXP, DBD, HIX, RYAAY, BA, AII, OPY, ANGPY, PUK, BWFG, GSBC, MNST, MBWM, ATLC, UNTY, ADI, BFC, COF, ALK, CPF, AUPH, TKO, HAYW, ING, AGNC, GRC, FDX, FDP, GAB, PDS, ENVA, HBCP, JCE, ODV, ABCB, CSTM, MOV, AZN, BANC, MOFG, MPB, DIS, DCI, TCBX, LAUR, CFFN, EVR, SN, DJCO, NBBK, EXPE, OSBC, FT, RRBI, NYT, MSGE, OVLY, TECK, HSBC, AER, RBB, RTX, SHBI, FRBA, FRST, HTB, CCAP, CCBG, MRBK, B, TSHA, SMFG, TRU, FTDR, HEDJ, HVT, KALU, ROAD, SAN, TSBK, MC, UBFO, FUND, HBNC, VINP, CM, OMCL, CRAI, ONIT, PLAB, AEM, GXO, NSSC, AMG, BLFY, UPS, JCI, FBIZ, SYRE, OGI, GHM
Canadian Scanner Results
(Stocks are sorted to highlight those with the strongest momentum at the time of the scan)
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
IFX.V, QNC.V, NRC.V, MU.NE, GLAD.V, TI.TO, AII.TO, CBK.CA, FDY.TO, NFI.TO, PALI.V, GQC.V, CERT.V, MNO.TO, DRM.TO, HMMC.V, CKG.V, EFL.TO, ELVA.TO, NGEN.V, ROCK.V, SEND.V, SLI.V, NICU.V, BGI/UN.TO, ACB.TO, NDM.TO, NCX.V, SGML.V, PLTR.NE, PPP.V, U/U.TO, ELO.TO, WEED.TO, GPH.V, VBNK.TO, BTQ.NE, U/UN.TO, URE.TO, GGA.V, LULU.NE, NURS.V, CAE.TO, MTA.V, ATZ.TO, TSLA.NE, TSLA.TO, WGO.V, NGEX.TO, WILD.TO, DPM.TO, ZDC.V, ATS.TO, FNM.V, CPH.TO, MMA.V, SHOP.TO, GFR.TO, TMQ.TO, VGZ.TO, DC/A.TO, SII.TO, OLA.TO, SXGC.TO, BIPC.TO, FFM.TO, VLE.TO, SIA.TO, AC.TO, LNR.TO, GIL.TO, PPTA.TO, FOM.TO, ASCU.TO, LSPD.TO, AFM.V, MAXM.CA, ADEN.TO, ASTL.TO, LLY.NE, AQN.TO, HITI.V, ASM.TO, RCH.TO, E.TO, GRT/UN.TO, CIG.TO, CIGI.TO, SLS.TO, EQB.TO, CNR.TO, MSFT.NE, MSFT.TO, KNT.TO, TSU.TO, SM.V, GDI.TO, KNG.V, ILLM.TO, ATD.TO, ATD/A.TO, TFII.TO, BB.TO, STLR.TO, NEXU.CA, VMET.TO, SSRM.TO, TD.TO, PBH.TO, MI/UN.TO, ALV.V, CSH/UN.TO, EDV.TO, GRID.TO, RY.TO, D/UN.TO, PMZ/UN.TO, GRGD.TO, EDR.TO, EXE.TO, LBS.TO, BBD/B.TO, ERO.TO, MG.TO, CG.TO, MFI.TO, ABX.TO, MFC.TO, IGM.TO, TXG.TO, ITR.V, AD/UN.TO, ODV.V, FM.TO, CRR/UN.TO, DCM.TO, MX.TO, TECK/B.TO, BDI.TO, CRT/UN.TO, SIS.TO, AEM.TO, CHP/UN.TO, CIA.TO, CM.TO, EIF.TO, WDO.TO, IMG.TO, LUG.TO, PMET.TO, SJ.TO, NGD.TO, AMX.V, L.TO, BNS.TO, H.TO, GTWO.TO, POW.TO, TLG.TO, SAP.TO, FFN.TO, BEI/UN.TO, FCR/UN.TO, HWX.TO, LGC.V, NEXG.V, HBFG.CA, VEGN.CA, REI/UN.TO, GWO.TO, FC.TO, BK.TO, CCL/B.TO, CTC/A.TO, SRU/UN.TO, WRN.TO, NWC.TO, MRE.TO, OR.TO, NXR/UN.TO, SOY.TO, WPM.TO, SUM.V, AIF.TO, ELD.TO, LIF.TO, IAG.TO, ARIS.TO, DFN.TO, MTL.TO, STCK.TO, PMAX.CA, FTG.TO, IFC.TO, QTWO.V, SBC.TO, CRON.TO, TLRY.TO
