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

Small Caps Lead as S&P 500 Notches 11th Record Close Amidst Retail Sales Slump

Stocks continued their upward trajectory on Thursday, spearheaded by small-cap gains, as the S&P 500 achieved its 11th record close of the year. Weaker-than-expected U.S. retail sales data fueled speculation of an impending Federal Reserve interest rate cut, propelling the market rebound.

After a brief two-day dip earlier in the week, the indices reclaimed most of their losses in the subsequent sessions. This recovery was marked by a bull flag retest of the breakout line and the 21-exponential day moving average. The Dow Jones Industrial Average surged approximately 349 points, or 0.9%, securing its second-highest close. The S&P 500 edged up 0.6%, narrowly reaching its 11th record this year, while the Nasdaq Composite, dominated by tech stocks, gained 0.3%. Notably, the Russell 2000 index, representing small and mid-sized companies, experienced an impressive 2.5% surge from our technical pattern.

Dow Jones Industrial Average – Daily Chart

S&P 500 – Daily Chart

Nasdaq – Daily Chart

Russell 2000 (ETF) – Weekly Chart

Meanwhile, Treasury yields saw a retreat, with the 10-year note settling at 4.240%, down from Wednesday’s 4.266%.

10-Year US Treasury Yield

Looking ahead, Friday’s premarket release of the producer price index could exert considerable influence on the S&P 500 and interest rates in the near term. The core PCE price index, a key economic indicator, draws from the PPI, particularly in health care. January’s PPI is anticipated to rise 0.1% on the month, with an annual increase of 0.7%. Wall Street anticipates a 0.1% monthly increase in the core PPI, with a 1.7% annual rise.

While the indices maintain a considerable distance from their 50-day moving averages, which could act as a logical support area during a deeper pullback, caution is advised at this stage of the market uptrend. Traders are encouraged to keep their watchlists up-to-date while actively seeking new breakouts or robust rebounds from key support levels. Additionally, defining downside risk remains essential. Now, let’s shift our focus to the setups.

US Daily Setups

INFA – Informatica Inc.

Informatica is breaking out, backed by robust volume.

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

NFLX – Netflix, Inc.

Netflix is breaking out from its recently highlighted bull flag continuation pattern.

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

NOA – North American Construction Group Ltd.

North American Construction is attempting to break out above the next level of horizontal resistance.

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

OIH – VanEck Vectors Oil Services ETF

The VanEck Vectors Oil Services ETF is setting up near the apex of a significant multi-month continuation pattern. Keep an eye out for any signs of breakout signals.

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

TSLA – Tesla Inc.

Tesla appears to be breaking out from the rounded bottom pattern recently highlighted. Monitor for signs of continued upside strength.

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

XLE – Energy Select Sector SPDR Fund

The Energy Select Sector SPDR Fund ETF appears to be breaking out from a significant consolidation/continuation pattern.

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

Canadian Daily Setups

ARX.TO – ARC Resources Ltd.

ARC Resources is set up for a potential continuation pattern breakout.

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

ATH.TO – Athabasca Oil Sands Corp.

Athabasca Oil Sands appears to be breaking out from what could be called a handle, situated on the right side of a base pattern, and supported by robust volume.

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

CF.TO – Canaccord Financial Inc.

Canaccord Financial continues its attempt to break out from its falling wedge pattern.

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

CVO.TO – Coveo Solutions Inc.

Coveo Solutions formed an interesting candle today, showing a surge. Monitor for any signs of upside strength.

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

IMO.TO – Imperial Oil Ltd.

Imperial Oil is attempting to break out from a significant consolidation/continuation pattern.

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

WDO.TO – Wesdome Gold Mines Ltd.

Wesdome Gold Mines appears to be set up in the form of a bull flag continuation pattern.

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

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 – 2024-02-15

A, AAON, ABBNY, ABBV, ABNB, ABT, ACA, ACGL, ACIW, ACM, ADEA, ADP, AEO, AEP, AER, AES, AFL, AGM, AIG, AIR, AIT, AIZ, AJG, ALB, ALG, ALGN, ALKS, ALLE, ALSN, ALTR, ALV, AM, AMAL, AMNB, AMP, AMPH, AMWD, ANET, ANF, AON, APA, APAM, APD, APG, APH, APO, APOG, APP, APPF, ARCB, ARE, ARKK, AROC, ASML, ASND, ASR, ATI, ATKR, ATO, AVB, AVDX, AVY, AWI, AWK, AX, AXON, AXP, AZZ, BAC, BAH, BALL, BAM, BAX, BBWI, BCC, BCML, BCO, BCSF, BELFB, BEN, BF/B, BFST, BIO, BK, BKR, BLBD, BLD, BLK, BLX, BMY, BPOP, BRC, BRK/B, BRO, BUR, BWXT, BX, BXP, BYRN, C, CACI, CAH, CAMT, CARG, CARR, CASH, CASY, CAT, CAVA, CB, CBOE, CBRE, CBT, CBZ, CCCS, CCEP, CCI, CCOI, CCS, CDRE, CDW, CE, CECO, CEG, CELH, CENT, CENTA, CFB, CFG, CGBD, CHCO, CHRD, CINF, CLH, CLS, CM, CMI, CMPR, CMS, CNA, CNC, CNM, CNO, CNP, COF, COKE, COLL, COOP, COP, COPX, COR, COST, CPA, CPLP, CPRT, CPS, CPT, CQP, CRBG, CRESY, CRH, CRL, CRM, CRS, CRSP, CRVL, CSGP, CSTM, CSWC, CSWI, CTAS, CTLT, CTRA, CTSH, CTVA, CUBI, CVI, CVLG, CVLT, CVNA, CVX, CW, CWAN, CWCO, CYBR, DASH, DAY, DB, DBX, DCI, DECK, DFS, DG, DHR, DHT, DINO, DIS, DK, DKNG, DKS, DLO, DLR, DLTR, DMLP, DOCN, DOV, DOW, DRS, DTE, DTM, DUK, DY, E, EA, EAT, EBAY, EFX, EG, EGY, EHC, EIX, EL, ELF, ELV, EME, EMN, ENLC, ENPH, ENTG, EOG, EPAM, EPD, EQIX, EQR, ERIE, ES, ESAB, ESE, ESOA, ESQ, ESS, ET, ETHE, ETN, ETR, ETRN, ETSY, EVR, EWBC, EXP, F, FANG, FAST, FBP, FCNCA, FCX, FE, FERG, FI, FICO, FIS, FITB, FIVE, FIX, FLEX, FLR, FLS, FLT, FN, FNF, FRO, FROG, FRPT, FRT, FSS, FSV, FTI, FTV, FWRG, GBDC, GBX, GD, GDYN, GE, GEHC, GFF, GGG, GIB, GIII, GL, GLP, GLRE, GLW, GM, GMS, GPOR, GRBK, GRC, GRMN, GRVY, GS, GSHD, GVA, GWRE, H, HAL, HBAN, HCA, HCI, HD, HEES, HEI, HES, HESM, HIBB, HIG, HII, HIVE, HLNE, HLT, HLX, HMC, HNI, HOLI, HOLX, HON, HOOD, HOV, HPQ, HQY, HRB, HRI, HSBC, HSIC, HST, HSY, HTBI, HTGC, HURN, HWKN, HY, IBCP, IBKR, IBM, IBN, IBOC, ICFI, IDCC, IDR, IDT, IDXX, IESC, IFF, IHG, IHI, IIPR, ILMN, IMO, INSW, INTA, INTU, INVH, IP, IPAR, IPG, IR, IRM, IT, ITA, ITB, ITCI, ITRI, ITT, ITW, IWF, IWM, J, JBI, JCI, JELD, JHX, JNJ, JPM, K, KAI, KBH, KD, KEX, KEY, KKR, KMI, KMX, KNTK, KOF, KOP, KR, KRE, KRT, KWR, L, LAD, LBRT, LECO, LHX, LII, LIN, LKQ, LLY, LMB, LMND, LNT, LNW, LOB, LOGI, LOW, LPLA, LSEA, LSPD, LUV, LVS, LW, LWAY, LYB, LYV, LZB, MA, MAA, MAIN, MBC, MBIN, MBWM, MCD, MCK, MEDP, MELI, MET, META, METV, MFC, MHO, MITK, MKC, MLI, MLR, MMC, MMM, MMYT, MNDY, MNST, MOD, MORN, MPC, MPLX, MPTI, MRK, MRNA, MRO, MSCI, MSI, MSM, MSOS, MTB, MTCH, MTD, MTH, MTRN, MUSA, MYRG, NBIX, NBN, NCDL, NDSN, NECB, NEE, NEU, NFLX, NGS, NHC, NI, NPO, NR, NS, NSC, NTB, NTNX, NTRS, NU, NUE, NVMI, NWS, NWSA, NX, NXE, OBDC, ODP, OEC, OFG, OIH, OKE, OKTA, OLED, OMC, ONTO, ORRF, OSIS, OSK, OTIS, OXY, PAA, PAGP, PARR, PATK, PAYC, PAYX, PBA, PBR, PBR/A, PCAR, PCOR, PDD, PEAK, PEGA, PETQ, PFBC, PFG, PFGC, PG, PGNY, PGR, PHM, PKG, PLAB, PLD, PLMR, PLTR, PLUS, PNC, PNR, PNTG, PNW, POOL, POWL, PPG, PPL, PR, PRI, PRIM, PRU, PSA, PSN, PSTG, PSX, PTC, PWR, PWSC, PXD, PYPL, QCOM, QCRH, QQQ, QTRX, RACE, RBA, RBC, RBLX, REGN, RELX, REPYY, REVG, REX, RF, RGA, RHI, RHP, RJF, RL, ROCK, ROP, RPM, RS, RSG, RSP, RTX, RUM, RUSHA, RVTY, RWAY, RYAAY, SAIC, SAP, SCCO, SCHW, SCS, SFM, SHAK, SHEL, SHOP, SIGI, SKM, SKWD, SLV, SM, SMCI, SMLR, SNA, SNX, SOVO, SPG, SPOT, SPXC, SPY, SQ, SRE, SRUUF, SSD, SSNC, STE, STLA, STLD, STN, STNG, STRL, STT, STX, SUN, SWBI, SWK, SWN, SXC, SYF, SYY, T, TAP, TBBK, TDG, TDW, TDY, TECH, TEL, TENB, TFC, TFX, TGT, TJX, TM, TMHC, TMO, TNC, TNET, TNK, TNP, TOL, TPH, TPR, TRAK, TRGP, TRI, TRIN, TRIP, TRMB, TRMD, TRNS, TROW, TRV, TS, TSCO, TSLA, TSQ, TTD, TTE, TTEK, TYL, UBER, UBS, UDR, UGP, UNH, UNP, UPBD, URI, USAP, USB, USFD, USO, V, VECO, VIPS, VIST, VLO, VLTO, VNOM, VNT, VRRM, VRTS, VRTX, VSEC, VST, VTOL, VTRS, VZ, WABC, WAL, WAT, WBD, WBS, WDAY, WDFC, WEC, WELL, WES, WEST, WFC, WFRD, WING, WIRE, WM, WMB, WMS, WOR, WRB, WRK, WS, WTFC, WTW, WWD, WY, WYNN, XLB, XLC, XLE, XLF, XLI, XLP, XLRE, XLU, XLV, XLY, XME, XOM, XOP, XRAY, XRX, YUM, ZBH, ZBRA, ZION

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 – 2024-02-15

AAV.TO, AC.TO, ACO/X.TO, ACT.CA, AIF.TO, ALA.TO, ALS.TO, AMX.V, AOI.TO, AP/UN.TO, AQN.TO, ARG.TO, ARTG.V, ARX.TO, ASTL.TO, ATH.TO, ATRL.TO, ATX.V, AYA.TO, BAM.TO, BAM/A.TO, BBD/B.TO, BDT.TO, BEI/UN.TO, BEP/UN.TO, BEPC.TO, BIP/UN.TO, BIPC.TO, BMO.TO, BN.TO, BNS.TO, BRK.NE, BTE.TO, BYD.TO, CAD.V, CAR/UN.TO, CAS.TO, CCA.TO, CCL/B.TO, CEU.TO, CF.TO, CG.TO, CGO.TO, CHE/UN.TO, CHP/UN.TO, CIA.TO, CIG.TO, CIGI.TO, CITI.NE, CIX.TO, CJP.NE, CJT.TO, CLS.TO, CM.TO, CMG.TO, CNQ.TO, CNR.TO, COST.NE, CP.TO, CPH.TO, CPX.TO, CR.TO, CRDL.TO, CRON.TO, CRR/UN.TO, CRT/UN.TO, CS.TO, CSH/UN.TO, CTS.TO, CU.TO, CURA.TO, CVE.TO, CVO.TO, CXB.TO, DCM.TO, DE.V, DF.TO, DFN.TO, DFY.TO, DGS.TO, DIR/UN.TO, DIS.NE, DND.TO, DNG.TO, DNTL.TO, DPM.TO, ECN.TO, EFN.TO, EFX.TO, EIF.TO, EIT/UN.TO, ELE.V, EMA.TO, ENB.TO, EPRX.TO, EQX.TO, ERE/UN.TO, ERF.TO, ESI.TO, ETHH.TO, EXE.TO, FAT.CA, FFH.TO, FFN.TO, FIL.TO, FN.TO, FNV.TO, FOM.TO, FRU.TO, FSV.TO, FSZ.TO, FTN.TO, FTS.TO, GCL.TO, GEI.TO, GFL.TO, GIB/A.TO, GOOS.TO, GSY.TO, GTE.TO, GTII.CA, GUD.TO, H.TO, HBM.TO, HFPC/U.TO, HITI.V, HIVE.V, HME.V, HOM/U.TO, IAG.TO, IBM.NE, IFC.TO, IFP.TO, IGM.TO, IIP/UN.TO, ILLM.TO, IMG.TO, IMO.TO, IPCO.TO, KEL.TO, KEY.TO, KMP/UN.TO, KXS.TO, L.TO, LB.TO, LCS.TO, LEV.TO, LFE.TO, LIRC.TO, LNR.TO, LSPD.TO, LUN.TO, MATR.TO, MCB.TO, MDA.TO, MDNA.TO, MEG.TO, MFC.TO, MI/UN.TO, MOGO.TO, MRE.TO, MRG/UN.TO, MRU.TO, MVRS.NE, MX.TO, NA.TO, NFG.V, NFLX.NE, NGEN.V, NOA.TO, NTR.TO, NVEI.TO, NWH/UN.TO, NXR/UN.TO, OBE.TO, OGC.TO, OGI.TO, OLA.TO, OSI.V, OVV.TO, PBH.TO, PD.TO, PEY.TO, PHX.TO, PKI.TO, PLC.TO, PMZ/UN.TO, POU.TO, PPL.TO, PRMW.TO, PRU.TO, PSD.TO, PSI.TO, PSLV.TO, PTI/UN.TO, PYPL.NE, RAY/A.TO, RBA.TO, REAL.TO, RECO.V, REI/UN.TO, RML.V, RS.TO, RSI.TO, RTA.NE, RUS.TO, RY.TO, SAP.TO, SCR.TO, SDE.TO, SEA.TO, SES.TO, SGD.V, SGY.TO, SHOP.TO, SIA.TO, SLF.TO, SLS.TO, SPB.TO, STEP.TO, STLC.TO, STN.TO, SU.TO, SVM.TO, SYZ.TO, T.TO, TA.TO, TCL/A.TO, TCW.TO, TD.TO, TECK/B.TO, TF.TO, TFII.TO, TIH.TO, TIXT.TO, TKO.TO, TOI.V, TOY.TO, TRI.TO, TRP.TO, TRZ.TO, TSLA.NE, TVE.TO, UBER.NE, UNH.NE, VET.TO, VISA.NE, VLE.TO, VRNO.NE, VZ.NE, WCN.TO, WDO.TO, WEB.V, WFG.TO, WPK.TO, WSP.TO, XOM.NE, ZZZ.TO