SYS Research – Daily Report – Thursday, December 21, 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

S&P 500 Poised for Eighth Consecutive Week of Gains

In Thursday’s trading session, stocks demonstrated resilience, propelling the S&P 500 towards its eighth consecutive week of positive momentum.

S&P 500 – Daily Chart

The benchmark S&P 500 index witnessed a commendable 1% surge, mirroring the market’s overall strength. Meanwhile, the tech-focused Nasdaq Composite posted a robust 1.3% gain, underscoring the continued dominance of technology stocks. The blue-chip Dow Jones Industrial Average also exhibited a solid performance, notching a 0.9% increase equivalent to approximately 322 points. Impressively, all three major indexes have shown upward movement throughout the week.

Within the S&P 500, all 11 sectors closed higher on Thursday, showcasing the broad-based nature of the market rally. Consumer-discretionary stocks emerged as the top performers, enjoying a 1.52% rise, while utilities, albeit the day’s laggard, still managed a modest gain of 0.18%.

Remarkably, the market’s upward trajectory persists, with the S&P 500 now boasting a remarkable 30% gain from its low point in October 2022, indicative of a sustained bullish trend.

S&P 500 – Weekly Chart

In our cryptocurrency theme, the festive spirit is driving a significant uptrend, propelling Bitcoin miners to new heights with bullish volume on a holiday-inspired moonshot.

The Bitcoin Miners ETF

Our Marathon Digital setup, a prominent Bitcoin mining entity, has experienced an impressive surge, skyrocketing nearly 150% in just over one month since our initial signal. This setup has been featured in our daily setups numerous times as it started to signal, a testament to its noteworthy performance.

Marathon Digital – Daily Chart

In the words of the legendary Jesse Livermore, ‘The market does not beat them. They beat themselves because though they have brains, they cannot sit tight.’ As we reflect on the remarkable surge in our crypto-related setups, let’s harness this wisdom as we seamlessly transition into today’s daily setups.

US Daily Setups

ARBK – Argo Blockchain Plc

The Argo Blockchain setup is now breaking out.

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

 

BTBT – Bit Digital Inc.

Bit Digital appears to be setting up below a trigger line. Monitor for a potential breakout.

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

 

CAVA – Cava Group Inc.

Cava Group is attempting to trend higher from a bottoming pattern.

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

 

HIVE – HIVE Digital Technologies Ltd.

The HIVE Digital setup is now breaking out.

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

 

HUT – Hut 8 Mining Corp.

Hut 8 Mining remains poised. Monitor for signs of potential upside momentum.

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

 

YELP – Yelp Inc.

The Yelp setup continues to position itself.

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

 

Canadian Daily Setups

CBIT.V – Cathedra Bitcoin Inc.

Cathedra Bitcoin is positioning itself on the right side of a significant bottoming base with a bullish volume profile. Monitor for signs of upside strength that could lead to a potential breakout.

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

 

GLXY.TO – Galaxy Digital Holdings Ltd.

Galaxy Digital is showing signs of upside momentum.

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

 

HIVE.V – HIVE Blockchain Technologies Ltd.

The HIVE Digital setup is now breaking out.

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

 

HUT.TO – Hut 8 Mining Corp

Hut 8 Mining remains poised. Monitor for signs of potential upside momentum.

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

 

NGEX.V – NGEx Minerals Ltd

The NGEx Minerals setup is now attempting to break out.

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

 

OTEX.TO – Open Text Corp.

Open Text appears to be set up below a trigger line. Monitor for a potential breakout.

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

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 – 2023-12-21

ABT, ACMR, ACN, ADBE, AEM, AEO, AFL, AFYA, AGI, AGYS, AIT, AIZ, ALGN, ALLE, ALSN, ALTR, ALV, AMAT, AMCR, AMD, AMGN, AMPH, AMT, AMZN, ANF, ANSS, AOS, APO, APOG, ARBK, ARCB, ARCH, ARCO, ARES, ARM, AROC, ATEYY, ATI, ATO, AVAV, AVB, AVY, AWK, AZUL, BA, BAESY, BAH, BBVA, BBWI, BBY, BCC, BCML, BCO, BDX, BIIB, BIO, BITQ, BITW, BLX, BMI, BRBR, BRC, BRK/B, BRZE, BSX, BSY, BTU, BVN, BYRN, CAMT, CAPL, CASH, CASY, CAVA, CBAY, CBOE, CBT, CCAP, CCEP, CCL, CCOI, CDNS, CDRE, CDW, CE, CECO, CEG, CEIX, CENT, CENTA, CF, CHKP, CHRD, CI, CL, CLS, CLSK, CLX, CME, CMPR, CNC, CNM, CNO, COIN, COKE, COLL, COO, COPX, COR, CORZQ, CPB, CPRT, CPS, CR, CRC, CRH, CRM, CRS, CSAN, CSGP, CSTM, CTAS, CTLT, CUK, CVLG, CVS, CW, CWAN, CWCO, CXT, CYBR, CZR, DAC, DAVA, DB, DBX, DCBO, DD, DE, DECK, DELL, DFH, DFIN, DFS, DG, DGHI, DGX, DHR, DHT, DIS, DLR, DMLP, DNN, DOW, DRI, DRS, DSGR, DT, DTM, DUK, DV, E, EA, EAT, EBAY, EC, ECL, EGY, EIX, ELTK, EMR, ENSG, ENTG, EPAC, EQIX, EQNR, EQR, EQT, ES, ESQ, ET, ETHE, EW, EXPD, EXPE, EXR, F, FA, FANG, FAST, FCFS, FDIG, FDS, FIVE, FLEX, FLNC, FLS, FN, FOX, FRHC, FRO, FROG, FSLR, FSV, FTAI, FTNT, FWRG, GBX, GD, GDX, GDXJ, GDYN, GE, GEHC, GEOS, GFI, GGB, GIB, GILD, GLD, GLNCY, GLP, GLRE, GLW, GNTX, GOOG, GOOGL, GPI, GPOR, GRVY, GSHD, GVA, GWRE, HAYN, HCC, HDSN, HESM, HG, HIBB, HIVE, HLT, HLX, HON, HPE, HPQ, HQY, HRB, HRL, HSBC, HSIC, HST, HTGC, HUBB, HUBS, HUT, HWM, IBN, IBOC, ICE, IDCC, IDT, IDXX, IEX, IGIC, IHI, ILMN, INCY, INSW, INTA, INVH, IQV, IREN, ITA, ITCI, ITT, IWF, JBL, JCI, JHX, JNPR, K, KDP, KGC, KMI, KMX, KO, KOP, KRT, KTOS, KVUE, L, LAD, LEU, LH, LII, LIN, LMND, LMT, LNT, LNW, LSEA, LSPD, LVS, LWAY, LYB, LYV, MA, MAMA, MANH, MAR, MARA, MBLY, MCD, MCK, MDB, MDLZ, META, METC, METV, MGM, MHO, MITK, MKC, MLR, MNST, MPLX, MPTI, MRK, MRNA, MS, MSCI, MSFT, MSM, MSTR, MTCH, MTD, MTRN, MU, MUSA, NATR, NBIX, NCLH, NCNO, NDAQ, NDSN, NEM, NGS, NMIH, NOV, NOW, NR, NS, NSC, NTAP, NTES, NU, NUE, NVDA, NVMI, NVO, NXE, NXT, ODFL, ODP, OEC, OKE, OR, ORLY, OTEX, OTTR, PAG, PAGP, PATK, PAX, PAY, PBA, PBR, PBR/A, PCG, PCOR, PETQ, PGTI, PKG, PM, PNTG, PODD, POWW, PR, PRDO, PRIM, PSN, PWSC, QSR, QTRX, RAMP, RBA, RCL, RELX, RGA, RL, RMBS, ROAD, ROL, ROST, RRC, RS, RTX, RUSHA, RVTY, RYAAY, SAH, SAIA, SBAC, SCCO, SCS, SFM, SHEL, SIL, SLV, SMCI, SNAP, SNPS, SOVO, SPY, SQSP, SRUUF, STE, STN, STNG, STX, SUN, SWN, SXC, SXI, SYK, T, TDG, TDW, TEAM, TECH, TER, THR, TJX, TMHC, TNK, TNP, TPH, TPR, TRGP, TRMD, TROW, TS, TSCO, TSLA, TSM, TT, TTD, TTE, TTEK, TTWO, TW, TXT, TYL, UEC, UGP, UHS, UPBD, UPS, URA, URBN, URG, URNJ, URNM, USAP, UUUU, V, VFC, VGT, VICI, VIPS, VLGEA, VMC, VNOM, VSEC, VSTS, VTOL, VTRS, W, WAB, WDAY, WDC, WELL, WFRD, WGMI, WIRE, WIX, WM, WMG, WRB, WSO, WTW, XEL, XLK, XLP, XLU, XLV, XME, XRAY, XRX, XYL, YELP, YUM, YY, Z, ZG

 

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 – 2023-12-21

ABX.TO, AC.TO, ACO/X.TO, AD/UN.TO, ADEN.TO, AEM.TO, AEP.V, AI.TO, AKG.TO, ALA.TO, AMC.TO, AMD.NE, AMZN.NE, ARCH.V, ARE.TO, ARG.TO, ARTG.V, ARX.TO, ASTL.TO, ATH.TO, ATRL.TO, ATZ.TO, BA.NE, BAM/A.TO, BBD/B.TO, BDI.TO, BDT.TO, BEP/UN.TO, BEPC.TO, BIP/UN.TO, BIPC.TO, BK.TO, BN.TO, BNS.TO, BOS.TO, BPF/UN.TO, BRK.NE, BTO.TO, CAD.V, CAE.TO, CAS.TO, CCL/B.TO, CF.TO, CFP.TO, CFX.TO, CG.TO, CGG.TO, CGX.TO, CGY.TO, CIA.TO, CLS.TO, CM.TO, CMI.V, CNE.TO, CNL.TO, CNQ.TO, CNR.TO, CP.TO, CPG.TO, CPLF.TO, CR.TO, CRM.NE, CRR/UN.TO, CRT/UN.TO, CS.TO, CSH/UN.TO, CTS.TO, CU.TO, CVO.TO, CVS.NE, DFY.TO, DGHI.V, DGS.TO, DIR/UN.TO, DIS.NE, DIV.TO, DRX.TO, ECN.TO, EDV.TO, EFR.TO, ELD.TO, ELO.TO, EMA.TO, ENB.TO, ENGH.TO, EQX.TO, ERE/UN.TO, ERF.TO, ETHH.TO, EU.V, FC.TO, FCU.TO, FDR.V, FEC.TO, FFN/PA.TO, FN.TO, FR.TO, FTG.TO, FVI.TO, GAU.TO, GEI.TO, GFL.TO, GGD.TO, GLO.TO, GLXY.TO, GOOG.NE, HAI.TO, HDI.TO, HIVE.V, HLF.TO, HME.V, HOM/U.TO, HOM/UN.TO, HR/UN.TO, HUT.TO, IAU.TO, IGM.TO, IIP/UN.TO, ILLM.TO, IMG.TO, IPCO.TO, JOY.TO, KITS.TO, KNT.TO, KRR.TO, L.TO, LAAC.TO, LBNK.V, LBS.TO, LGO.TO, LIF.TO, LMN.V, LNR.TO, LSPD.TO, LTH.V, LUG.TO, MATR.TO, MDP.TO, MG.TO, MND.TO, MOGO.TO, MRE.TO, MRG/UN.TO, MSFT.NE, MTL.TO, MVRS.NE, NB.TO, NEO.TO, NG.TO, NGD.TO, NGEX.V, NGT.TO, NOA.TO, NPI.TO, NPK.TO, NTR.TO, NUAG.TO, NVA.TO, NVDA.NE, NXE.TO, ODV.V, OGC.TO, OLA.TO, OR.TO, OSK.TO, OTEX.TO, PAAS.TO, PAY.TO, PET.TO, PHX.TO, PKI.TO, PMZ/UN.TO, PPL.TO, PRB.TO, PSLV.TO, PTI/UN.TO, PTO/UN.TO, PYPL.NE, PZA.TO, QBR/B.TO, QBTC.TO, QIPT.TO, QSR.TO, RAY/A.TO, RBA.TO, RCH.TO, RECO.V, RSI.TO, SAP.TO, SASK.CA, SEA.TO, SGD.V, SGR/UN.TO, SIA.TO, SIL.TO, SKE.TO, SLI.V, SOIL.TO, SOY.TO, SRU/UN.TO, SSL.TO, STEP.TO, STN.TO, SXP.TO, TBRD.V, TD.TO, TECK/B.TO, TIH.TO, TIXT.TO, TNZ.TO, TOU.TO, TRI.TO, TROY.CA, TRP.TO, TRZ.TO, TSLA.NE, TSU.TO, TXG.TO, U/U.TO, U/UN.TO, VERS.NE, VGCX.TO, VLN.TO, VMD.TO, VNP.TO, VZLA.V, WDO.TO, WFG.TO, WN.TO, WPK.TO, WPM.TO, WRN.TO, WUC.CA, X.TO, XTG.TO, ZZZ.TO

 

SetYourStop Blog Request

Enter your name and email to be alerted with new ideas.

Please wait...

Thank you for sign up!

Scroll to Top