Notice: The Daily Report is provided for informational and educational purposes only and is not intended to be used as a stock-picking service or as financial advice. The charts and accompanying research are designed to support your analysis, serving as indicators rather than direct recommendations to buy or sell any security. The creator assumes no responsibility for actions taken by readers and strongly encourages individuals to fully understand the associated risks and potential outcomes before making investment decisions. Please note that any charts and/or information are intended to aid in research and should not be considered a definitive part of your personal trading strategy. Not all charts will lead to actionable buy or sell signals at any given time. Individuals should consider consulting a qualified financial advisor before making any investment decisions.
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SYS Daily Report
Dow Slips, Yields Steady, and TSX Holds Flat Amid Mixed Earnings
When writing this, markets started to face a turbulent session as the Dow Jones Industrial Average fell 200 points, marking a 0.4% decline, while the S&P 500 and Nasdaq both dipped by 0.1% each before trading into positive territory again. Investor sentiment remained cautious ahead of key economic data, with the spotlight firmly on the upcoming U.S. jobs report and mixed corporate earnings weighing heavily on indices.
Dow Jones Industrial Average – Daily Chart
S&P 500 – Daily Chart
Nasdaq – Daily Chart
The bond market offered a contrasting narrative. The 10-year Treasury yield touched its lowest level of the year on Wednesday, edging slightly higher by day’s end. This decline in yields was partly due to the U.S. Treasury’s assurance that bond sale sizes will remain unchanged for the next several quarters, alleviating concerns about increased supply. Additionally, successful bond auctions have helped keep yields stable. Treasury Secretary Scott Bessent reinforced the administration’s commitment to lowering yields and strengthening the dollar in back-to-back media appearances.
Investors braced for January’s non-farm payroll report on Friday, expected to show 168,000 job additions, significantly below December’s robust 256,000 gain. Meanwhile, initial jobless claims rose to 219,000, surpassing estimates of 215,000, hinting at a possible softening in the labor market. These number could have an effect on the interest rates.
10-Year US Treasury Yield
Tech stocks showed mixed performance. Nvidia (NVDA) gained 2% following reports of a potential ban on China’s DeepSeek AI chatbot on U.S. government devices, spotlighting Nvidia’s strategic role in the AI space. Amazon (AMZN) saw modest gains ahead of its fourth-quarter earnings release, having recently hit an all-time high of $242.52. Among other notable movers, Roblox (RBLX) plunged over 10% after missing user growth estimates, dampening investor enthusiasm despite being a key holding in Cathie Wood’s ARK ETFs.
In breakout activity, TTM Technologies (TTMI) surged to an all-time high, breaking past its $28, bolstered by a price target increase to $33 from Needham. Similarly, Magnite (MGNI) advanced, breaking out with strong volume. Conversely, Arm Holdings (ARM) retreated despite surpassing earnings expectations, pulling back into its consolidation area after recent gains.
On the Toronto Stock Exchange (TSX), the market remained relatively flat, with the TSX Composite Index slipping 0.4% to 25,460.60 amid mixed earnings reports from major Canadian firms. Thomson Reuters (TRI.TO) led the gains, rising 6.4% after strong fourth-quarter revenue and an optimistic 2025 growth outlook. Great-West Lifeco (GWO.TO) climbed 7% following an upgrade from TD Cowen. However, declines in the communications sector, dragged down by a 6.4% drop in BCE (BCE.TO), and a 7.2% fall in Colliers International (CIGI.TO) after disappointing earnings, weighed on the index. Canada Goose (GOOS.TO) and Bombardier (BBD.b.TO) also faced sharp declines of 6% and 3.9%, respectively, due to underwhelming earnings and tariff-related concerns.
TSX – Daily Chart
Markets are treading cautiously as investors navigate mixed corporate earnings, fluctuating bond yields, and key economic data releases. The dip in the Dow and broader indices reflects growing uncertainty around labor market strength and corporate profitability. Meanwhile, the TSX’s flat performance underscores the divergence in sector performances, with strong financials offset by weakness in communications and real estate. As the markets await the critical jobs report, investor focus remains on macroeconomic signals that could shape the trajectory for the rest of the quarter.
“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.” – Victor Sperandeo
Now, onto the daily setups.
US Daily Setups
BAC – Bank Of America Corp.
Bank Of America is set up for a potential new high breakout. Monitor closely for any breakout signals that could confirm upward momentum and a move past the resistance level.
LINK TO CHART – https://schrts.co/EnAbcPuU
FMCC – Federal Home Loan Mortgage Corp.
Federal Home Loan Mortgage is popping higher from a bullish flag. Monitor closely for sustained upward momentum and confirmation of the breakout.
LINK TO CHART – https://schrts.co/kSJiQeJX
FNMA – Federal National Mortgage
Federal National Mortgage is popping higher from a bullish flag. Monitor closely for continued upward momentum and confirmation of the breakout.
LINK TO CHART – https://schrts.co/qxQURDaW
GAMB – Gambling.com Group Ltd.
Gambling.com appears to be breaking out from a continuation pennant. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/GwnUEJjB
IQ – iQIYI Inc.
iQIYI is set up as a potential bottoming pattern. Monitor closely for signs of a trend reversal and continued upward momentum if the pattern confirms.
LINK TO CHART – https://schrts.co/PpGvfUGc
KWEB – KraneShares CSI China Internet ETF
The KraneShares CSI China Internet ETF is consolidating just below the next level of horizontal resistance. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/vusYuPTf
RCAT – Red Cat Holdings Inc.
Red Cat is set up in the form of a potential continuation pattern. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/EMukApDh
XLF – Financial Select Sector SPDR Fund
The Financial Select Sector SPDR Fund ETF is attempting to break out, as many of its holdings are demonstrating bullish action today. Monitor closely for any breakout signals that could confirm sustained upward momentum across the sector.
LINK TO CHART – https://schrts.co/phRbsxcn
Canadian Daily Setups
ALDE.V – Aldebaran Resources Inc.
Aldebaran Resources is set up in the form of a potential continuation pattern. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/aGPEMxRr
D/UN.TO – Dream Office Real Estate Investment Trust
Dream Office Real Estate Investment Trust appears to be setting up just below a significant horizontal resistance line, as the PPO momentum indicator attempts to cross above zero. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/GfmiMaiY
DRM.TO – DREAM Unlimited Corp.
DREAM Unlimited continues to attempt a breakout from the recently highlighted bottoming pattern. Monitor closely for signs of sustained upward momentum and confirmation of the breakout.
LINK TO CHART – https://schrts.co/WavPhEuK
E.TO – Enterprise Oilfield Group, Inc.
Enterprise Oilfield continues to consolidate near its 52-week high. Monitor closely for any breakout signals that could confirm upward momentum and a move past this key resistance level.
LINK TO CHART – https://schrts.co/NdjWuqis
ECN.TO – ECN Capital Corp.
ECN Capital is attempting a 52-week high breakout. Monitor closely for any breakout confirmation and signs of sustained upward momentum.
LINK TO CHART – https://schrts.co/HHjgKArG
GRGD.TO – Groupe Dynamite Inc.
Groupe Dynamite is attempting to break out from a bottoming pattern. Monitor closely for signs of continued upward momentum and confirmation of the breakout.
LINK TO CHART – https://schrts.co/VzGwEbhP
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.
EXPORT – US Watchlist Scan – 2025-02-06
AMSC, SGBX, AMPS, TUYA, HSAI, PSFE, IDCC, GRRR, FMCC, SES, JFIN, FNMA, ATRA, AGX, TPR, PBH, GRWG, COHR, ZETA, KC, PM, GTES, ACMR, KALA, MKL, SNDX, RL, PTON, YUM, TTMI, STIM, YUMC, ASTS, LAES, INTZ, TDOC, IQ, AMPX, PAHC, UBER, TPB, ONDS, SAFE, LQDT, PLTR, SNEX, MBOT, XNET, IKT, XPO, DQ, PDYN, DJT, ZK, IESC, DPRO, RIGL, BBAR, ARIS, CIA, CSGS, MURA, JBLU, AAOI, ENTX, INVZ, TZOO, FXNC, LPSN, LI, QFIN, TENX, IBIO, LNC, FWONK, PGY, FWONA, HLT, AAMI, H, SUPV, VNET, API, MGNI, RCAT, BBVA, TSE, CCRD, UTI, WB, KNSA, ICE, SNFCA, LYFT, TRI, OPFI, GGAL, IFNNY, HSY, AMWL, PRTH, VATE, OCFC, BLBD, FIX, AISP, APTV, TIL, UWMC, MAR, FFIC, NGVC, ALDX, DAVE, TVTX, TNL, NBN, CTSH, ROAD, LINC, EZPW, LLY, DRD, PWR, RAIL, PRIM, COMM, XPEV, SKWD, VOR, THG, DY, BILI, CRH, FUTU, ATAT, TPC, RERE, C, MWA, KMX, DPZ, EPAM, MOMO, ECX, BEKE, SERV, ACM, IVZ, JBTM, PGC, ZLAB, UTZ, TBCH, FREY, MLI, LC, BCS, AZN, EDN, GDYN, INN, NRIM, RLX, NVMI, LOMA, MLAB, MTCH, LADR, QSR, OB, SATS, RNR, GDS, AMAL, SCHW, RYN, UDR, X, MTLS, NVDA, WEAT, BCRX, LX, TIGR, PLCE, SSYS, CIB, CHH, ALLT, DB, HBNC, GRAB, SR, PLBY, LOB, PWOD, MC, MYTE, FEIM, CCK, GEV, CNTA, ESAB, PFS, FINV, RBA, IREN, MRX, ARGT, ELDN, BROS, PFBC, DCOM, FLEX, CHTR, TMUS, CALM, GS, IBCP, LTH, FOA, WLDN, TME, DOW, KNTNF, IQV, HOV, ARMN, FN, TCBX, NWPX, PPC, DOCN, RAMP, WTW, BKNG, MELI, FRHC, LGVN, FULT, LIT, EQBK, MCO, BECN, BAP, LBRDK, MCD, CINT, DOYU, BUSE, ABNB, NTES, FTAI, EMR, WFC, MS, CNA, IHG, LITE, OOMA, WTFC, LBRDA, UVSP, WWD, ASTL, HLI, CSV, GEHC, GCI, ENVA, INDB, ASB, GCTS, NEON, FLR, CNM, CFB, BOKF, HIMX, HROW, EXP, CRTO, AXS, USM, BY, YMM, CMS, HRI, APP, JPM, LMND, KWEB, OTIS, RJF, JCI, MOFG, PLYA, LAZ, MFH, WTBA, AIG, UPS, STE, OSBC, HMY, ONON, EXPE, MBLY, MTB, STGW, SGMO, CME, EXFY, LAUR, WBS, VIK, SKX, INMD, HSBC, BBD, LIN, PNC, LITM, FHN, DMLP, IRM, ESS, AXTA, ABBV, RF, PLNT, XYL, AS, CASY, STX, KNF, BTI, IMMR, TAN, CANG, UAL, MP, BFH, BAC, DIS, HBAN, CHEF, SLF, RCL, CWAN, CNK, FAST, ACI, ABCB, CTAS, NWG, CBU, DJCO, TLN, KINS, BOW, CMCSA, CVNA, APG, CECO, CFLT, EDR, TGLS, CCEP, FXI, PGR, FCNCA, DEI, NNOX, JBL, LMB, AEP, ON, CCSI, VEL, GSHD, FXY, KRE, ENVX, WSFS, NU, GFL, CFG, MAA, AJG, LKFN, VSTM, DUK, BPOP, CSWI, RDWR, VRSK, KMPR, MSOS, SN, FICO, BZUN, CMPO, WRB, MNDY, NDAQ, BKU, MRVL, SPGI, MSAI, VNO, BABA, GAMB, COF, LPLA, KNSL, REAX, DOLE, GCMG, BA, ORI, TDS, CIM, DSP, AIT, BRKL, BRBR, ODFL, BRBS, FNKO, SNV, MKC, QURE, CUZ, FCF, RLI, MCRI, EVRG, KBE, GLW, FVRR, PLMR, TCBI, HOPE, PCTY, TFC, SF, CBNK, ALNY, CPT, CARR, GVA, NBBK, RELY, DSGX, AIOT, CEE, MAV, SYBT, URBN, WPM, FFIV, ROL, LRCX, ZM, SAND, BRO, CADE, CPRT, SLG, EBC, PPL, BK, CIFR, XLF, FITB, TJX, WSM, AER, CSGP, GBDC, IMUX, MTUM, AMZN, AON, SOLV, COOP, ORMP, FDP, Z, BRK/B, ENFN, TOST, ATLC, OMF, OC, HWC, FI, HOMB, CIEN, HL, BCSF, FIBK, FNGS, LOPE, SITC, COST, BBAI, AX, HALO, MSFT, VMC, CCL, WDAY, FHI, SYF, EQR, GEN, ANIP, LMAT, ZG, ADT, CFFN, MAX, STT, IDT, NXT, EPR, JETS, GYRE, PODD, ETR, OPEN, CTBI, IBTA, XLP, ESQ, ROOT, SNX, CPAY, PH, STEL, BOX, TGTX, META, CORN, CRBG, PWP, COCO, HQY, PENN, FIS, CCOI, AYI, FDS, ACP, BJ, PRMW, MMC, JD, PTGX, EXC, AWI, BPMC, HCKT, NPO, ONC, JWN, MHI, TSM, TRMB, FFIN, TWFG, RDVT, SNPS, QNST, GPI, CBOE, OSW, IBOC, K, FIHL, CCAP, SRV, DKS, FRT, AWP, FHB, MITT, GE, VUG, COMP, ZYXI, MIDD, HWKN, DCTH, LRN, DLB, HAFC, JRS, NFBK, SLM, CASH, CUK, BN, USLM, CVCO, MCB, PINS, QGRW, HURN, ORCL, L, BE, IWF, NTB, XYF, WM, IRON, SPG, WELL, XLI, TWST, BTO, BEN, TRV, CBSH, AGNC, WMT, NRG, LUCD, TRN, SSD, WCC, IGIC, UPWK, CNP, CB, BOXX, GGT, LULU, RSG, BSX, PCF, EQIX, PANW, ACA, CYBR, UBT, CVLT, DHF, NBY
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 – 2025-02-06
QNTM.CA, ACB.TO, PNPN.V, DLCG.TO, GRGD.TO, GWO.TO, ONC.TO, WEED.TO, SUNN.CA, E.TO, TH.TO, CKG.V, HBFG.CA, VEGN.CA, ADW/A.TO, UBER.NE, GIP.V, TRI.TO, MARI.TO, WILD.TO, AIAI.CA, MEND.CA, MFL.V, RAMP.V, OGI.TO, HITI.V, FISH.V, KEI.TO, SFC.TO, POW.TO, FIH/U.TO, EMO.V, LLY.NE, CRRX.TO, BDT.TO, COV.V, FTT.TO, CPX.TO, CFW.TO, BDI.TO, NWH/UN.TO, QSR.TO, ALDE.V, NVDA.NE, FTN.TO, CHR.TO, DRM.TO, MHC/U.TO, ECN.TO, ATZ.TO, PALI.V, FORA.TO, RBA.TO, ELE.V, KNT.TO, IFC.TO, OLA.TO, PRYM.TO, SXGC.V, KEY.TO, ARIS.TO, FFH.TO, FC.TO, ABBV.NE, SLF.TO, IAG.TO, BLN.TO, BPF/UN.TO, LGO.TO, DIS.NE, GRT/UN.TO, HBM.TO, FDR.V, GFL.TO, MRT/UN.TO, ELO.TO, TVK.TO, ALA.TO, KLD.V, ETG.TO, BMO.TO, POU.TO, DSG.TO, SSL.TO, DPM.TO, BA.NE, QTRH.TO, ARG.TO, AMZN.NE, AMZN.TO, ONEX.TO, AIF.TO, WSP.TO, TD.TO, COST.NE, COST.TO, WPM.TO, CAS.TO, FFN/PA.TO, WN/PA.TO, RS.TO, META.NE, META.TO, MVRS.NE, BRK.TO, MSFT.NE, LFE.TO, MSFT.TO, BRK.NE, DXT.TO, CHP/UN.TO, MND.TO, FM.TO, LUG.TO, GUD.TO, BB.TO, CRR/UN.TO, EQX.TO, EQX.V, CMG.TO, TF.TO, H.TO, HRX.TO, CSH/UN.TO, DOL.TO, SLS.TO, ARE.TO, BTB/UN.TO, DR.TO
