SYS Research – Daily Report – Thursday, January 11, 2024

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

Equities Steady Amid Slight Inflation Uptick

In a day marked by stability, stock markets closed with minimal changes as the Consumer Price Index (CPI) revealed a modest uptick in consumer prices for the past month.

The S&P 500 saw a marginal 0.1% dip, landing just 0.3% shy of its all-time closing high from over two years ago. Meanwhile, the Dow Jones Industrial Average inched up by approximately 15 points, less than 0.1%, and the Nasdaq Composite remained virtually unchanged. Despite fluctuations earlier in the week, all three indices were poised to record weekly gains.

S&P 500

Dow Jones Industrial Average

Nasdaq

Within the bond market, the 10-year Treasury yield saw a decline of 0.053 percentage points, settling at 3.977%, dipping below the significant 4% threshold and the 200-day moving average. Lower yields proved favorable for bondholders.

10-Year US Treasury Yield

Crypto markets experienced a day of notable volatility, while the uranium sector attracted renewed interest with a breakout in the Global X ETF. Investors are now anticipating the commencement of earnings season with JPMorgan Chase, Citigroup, Wells Fargo, and Bank of America set to report quarterly earnings tomorrow.

Global X Uranium ETF

As we transition to the daily setups, heed the words of Paul Tudor Jones: ‘The most important rule of trading is to play great defense, not great offense.’ Now, let’s look at the charts!

US Daily Setups

CCJ – Cameco Corp.

Cameco is accelerating higher from the recently highlighted bull flag continuation pattern.

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

 

CDRE – Cadre Holdings Inc.

Cadre is attempting a 52-week high breakout.

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

 

CRM – Salesforce.com, Inc.

Salesforce is attempting to break out from a continuation pattern. Observe the bullish volume profile: volume surged into the pattern, declined as the pattern formed, and is now increasing as price action attempts to break out.

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

 

QLYS – Qualys, Inc.

Qualys is attempting to trend higher from a bull flag continuation pattern.

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

 

SRUUF – Sprott Physical Uranium Trust

The Sprott Physical Uranium Trust setup is making another new 52-week high, surging above the large volume by price bar recently highlighted.

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

 

TW – Tradeweb Markets Inc.

Tradeweb Markets appears to be setting up on the right side of a basing pattern with increased volume.

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

 

Canadian Daily Setups

ARX.TO – ARC Resources Ltd.

ARC Resources is attempting to break out from a bullish continuation pattern.

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

 

CCO.TO – Cameco Corp.

Cameco is accelerating higher from the recently highlighted bull flag continuation pattern.

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

 

DML.TO – Denison Mines Corp.

Denison Mines is attempting to trend higher from the recently highlighted bull flag continuation pattern.

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

 

EFN.TO – Element Financial Corp.

Element Financial is attempting to break out from a multi-month consolidation pattern to reach 52-week highs.

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

 

NOA.TO – North American Construction Group Ltd

North American Construction is appearing on momentum scans as the price action attempts to break out from a rounded bottom.

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

 

TCL/A.TO – Transcontinental Inc.

The Transcontinental setup continues to consolidate along the trigger line and is appearing on today’s momentum scan. Keep a close eye for a potential breakout.

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

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 – 2024-01-11

AAL, ACA, ACGL, ACIW, ACN, ADBE, ADI, ADP, ADSK, AFL, AFYA, AIT, AIZ, AJG, AKAM, ALG, ALKT, ALL, ALSN, ALV, AMCR, AME, AMP, AMWD, AMZN, ANET, ANF, ANSS, AOS, APOG, APP, ASML, ATEYY, ATGE, ATR, AVAV, AVDX, AVGO, AVY, AZEK, BAESY, BCC, BELFB, BITW, BK, BKNG, BLD, BRBR, BSX, CACI, CAH, CAMT, CASH, CASY, CAVA, CB, CBAY, CBOE, CCEP, CCJ, CDNS, CDRE, CDW, CHD, CHKP, CINF, CL, CLX, CMG, CNA, CNC, CNM, COPX, COR, COST, CPT, CRBG, CRM, CRS, CRSP, CRWD, CSAN, CSCO, CSL, CSWI, CTAS, CTSH, CUBI, CVLG, CVLT, CXT, CYBR, DAL, DAVA, DBX, DDOG, DECK, DELL, DFIN, DFS, DHI, DHT, DLB, DLO, DMLP, DNN, DOCU, DOW, DSGR, DSGX, DT, DV, DVA, DXCM, EA, EADSY, EC, ECL, EDU, EG, EHC, EL, ELF, ELV, EME, EMR, ENLC, ENSG, EPAM, EQR, ERIE, ESAB, ESS, ESTC, ET, ETHE, ETN, EXPD, FAST, FBIN, FDS, FFIV, FI, FICO, FINMY, FIVN, FIX, FLEX, FLS, FMX, FN, FNF, FOUR, FOX, FRSH, FSV, FTAI, FTNT, GBTC, GE, GEHC, GEL, GEN, GIB, GILD, GLD, GLOB, GLW, GMS, GNTX, GWRE, GWW, HCA, HDSN, HESM, HIG, HMC, HOLX, HQY, HRB, HST, HSY, HTGC, HUBB, HUBS, IBKR, IBM, IBN, ICFI, IDXX, IESC, IMCR, IMO, INFA, INSW, INTC, INTU, IOT, IP, IPAR, IR, IT, ITB, ITGR, ITRI, ITT, IWF, J, JCI, JHX, JNPR, KAI, KLAC, KMB, KOP, KRT, KVUE, KWR, L, LECO, LEN, LEU, LIN, LLY, LNW, LRCX, LUV, LVS, LWAY, LYV, MAA, MAR, MCD, MCK, MCO, MDT, MET, MHO, MMC, MMM, MMYT, MNDY, MO, MOD, MOH, MPC, MSCI, MSFT, MSOS, MTD, MTH, MU, MUSA, MVO, NFLX, NLR, NMIH, NOA, NOW, NS, NSIT, NTAP, NTNX, NVDA, NVMI, NVS, NVT, NWSA, NYT, O, OBDC, ODP, OLED, OMC, ORLY, OTEX, PAGS, PANW, PATK, PBA, PBR, PBR/A, PDD, PEAK, PG, PGR, PGTI, PH, PHM, PKG, PLMR, PLUS, PM, PNR, PNTG, PRI, PRIM, PSN, PTC, PYPL, QLYS, QQQ, RAMP, RBA, RBLX, RDNT, REGN, RELX, REVG, RGA, RMBS, ROK, ROL, ROP, ROST, ROVR, RS, SAIC, SAP, SHOP, SIGI, SKM, SKWD, SKX, SMAR, SMCI, SMH, SNA, SOVO, SPGI, SPLK, SPOT, SPXC, SQSP, SRUUF, STNG, STRL, STZ, SUN, SWBI, SYF, SYK, SYY, TAP, TBBK, TDG, TER, TEX, TIPT, TJX, TM, TMO, TNC, TNK, TOL, TPR, TREX, TRMB, TROW, TRV, TSCO, TSM, TSQ, TT, TTEK, TTWO, TW, TYL, UAL, UBER, UDR, UEC, UGP, UHS, ULTA, UNH, URA, URBN, URG, URI, URNJ, URNM, VGT, VIPS, VIST, VNT, VRNS, VRT, VRTX, VST, VTSI, WAB, WDAY, WDC, WING, WIRE, WIX, WM, WMG, WRB, WSM, WTW, WWD, XHB, XLK, XP, ZS

 

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 – 2024-01-11

AAV.TO, AAWH/U.CA, ADW/A.TO, AFN.TO, AIM.TO, ALS.TO, ALYA.TO, AMZN.NE, AP/UN.TO, ARG.TO, ARX.TO, ASE.CA, ATH.TO, ATRL.TO, ATS.TO, ATZ.TO, AX/UN.TO, AYR/A.CA, BK/PA.TO, CAS.TO, CCA.TO, CCO.TO, CDR.TO, CEU.TO, CHP/UN.TO, CIX.TO, CJ.TO, CJP.NE, CL.CA, CNC.V, CNR.TO, COST.NE, CR.TO, CRDL.TO, CRM.NE, CRR/UN.TO, CRT/UN.TO, CS.TO, CTC/A.TO, CURA.TO, CWB.TO, CYB.TO, D/UN.TO, DFN/PA.TO, DII/B.TO, DIR/UN.TO, DIV.TO, DML.TO, DOL.TO, DR.TO, DSG.TO, ECO.TO, EFN.TO, EFR.TO, EIT/UN.TO, ENGH.TO, ENS.TO, EQX.TO, ERE/UN.TO, ESI.TO, ETHH.TO, EU.V, EXE.TO, FAP.TO, FAR.TO, FC.TO, FCR/UN.TO, FCU.TO, FDR.V, FFH.TO, FIL.TO, FOM.TO, FRU.TO, FTT.TO, FWZ.V, GEI.TO, GIB/A.TO, GLO.TO, GOOG.NE, GOOS.TO, GTII.CA, GURU.TO, HAI.TO, HBM.TO, HITI.V, HPS/A.TO, HR/UN.TO, IFC.TO, III.TO, IIP/UN.TO, IMO.TO, IPO.TO, KEY.TO, KSI.TO, L.TO, LEV.TO, LIF.TO, LLY.NE, LMN.V, LNR.TO, MFG.V, MG.TO, MI/UN.TO, MSFT.NE, NET/UN.V, NFI.TO, NFLX.NE, NGEX.V, NOA.TO, NPR.V, NVA.TO, NVDA.NE, NXE.TO, OGI.TO, ONEX.TO, OSI.V, OTEX.TO, PET.TO, PEY.TO, PHX.TO, PKI.TO, PLZ/UN.TO, PMZ/UN.TO, PNE.TO, PPL.TO, PRB.TO, PRV/UN.TO, PRYM.TO, PVT.V, PYPL.NE, QBR/B.TO, QBTC/U.TO, QTRH.TO, RBA.TO, REI/UN.TO, RSI.TO, SHOP.TO, SIA.TO, SLS.TO, SOIL.TO, SOY.TO, SPB.TO, SRU/UN.TO, SU.TO, TCL/A.TO, TER.CA, TFII.TO, THNC.TO, TIH.TO, TIXT.TO, TNZ.TO, TOI.V, TPZ.TO, TROY.CA, TRUL.CA, TSND.TO, TWM.TO, U/U.TO, U/UN.TO, URC.TO, URE.TO, VHI.TO, VLE.TO, VRNO.NE, VZLA.V, WFG.TO, WN.TO, WPK.TO, WSP.TO, WUC.CA, ZZZ.TO

 

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