SYS Research – Daily Report – Thursday, June 6, 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: 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

Market Pullback Ahead of Jobs Report

Stocks retreated from record highs as investors await tomorrow’s crucial jobs report. The Dow Jones Industrial Average rose by 79 points, or 0.2%, while the S&P 500 saw a slight decline, and the Nasdaq edged down 0.1%. This period of calm market action following significant gains is considered healthy, especially with the jobs report on the horizon.

Dow Jones Industrial Average – Daily Chart

S&P 500 – Daily Chart

Nasdaq – Daily Chart

In the bond market, the yield on the 2-year Treasury fell to 4.72%, marking its sixth consecutive day of decline. Similarly, the 10-year Treasury yield dropped to 4.28%, also down for the sixth straight day.

10-Year US Treasury Yield

As we approach today’s setups, consider the wisdom of Paul Tudor Jones: “If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.”

US Daily Setups

AMZN – Amazon.com, Inc.

Amazon is pushing above a horizontal line of resistance. Take note of the large volume-by-price bar located on the left side of the chart, which could indicate significant interest at this level. Monitor for continued upward momentum to confirm the breakout.

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

 

ASML – ASML Holding NV

ASML is positioning itself just below a new all-time high. Monitor for any signs of upward momentum that could push it to new heights.

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

 

COIN – Coinbase Global Inc.

Coinbase continues to exhibit upside momentum. Monitor for further signs of sustained upward movement.

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

 

GLD – SPDR Gold Shares

The SPDR Gold Shares ETF has rebounded off its 50-day moving average, tracking the price of gold. The price action is now set up below a horizontal line of resistance. Monitor for a breakout above this level, which would be bullish not only for the price of gold but also for many gold and silver miners, as they appeared in our scanner results today.

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

 

ISRG – Intuitive Surgical, Inc.

Intuitive Surgical is attempting to break out from an area of consolidation. Monitor closely for signs of upward momentum that could confirm this breakout.

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

 

NU – Nu Holdings Ltd.

Nu Holdings continues to consolidate below its 52-week high. Monitor for any potential breakout signals that could indicate a move to new highs.

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

 

SYK – Stryker Corp.

Stryker is pushing up against the underside of a major horizontal resistance line. Monitor closely for any signs of a breakout above this level.

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

 

Canadian Daily Setups

AMZN.NE – Amazon.com Inc. – Canadian Depository Receipt

Amazon is pushing above a horizontal line of resistance. Take note of the large volume-by-price bar located on the left side of the chart, which could indicate significant interest at this level. Monitor for continued upward momentum to confirm the breakout.

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

 

CSU.TO – Constellation Software Inc.

Constellation Software continues to position itself on the right side of a multi-month consolidation pattern. Monitor for any potential signs of a continuation of the uptrend.

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

 

GSY.TO – goeasy Ltd.

goeasy continues to push higher and is now attempting a new high breakout. Monitor for further signs of sustained upward momentum to confirm this move.

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

 

KRR.TO – Karora Resources Inc.

Karora Resources continues to set up for a potential breakout to a new 52-week high. Monitor closely for any signs of upward momentum that could confirm a breakout.

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

 

PPL.TO – Pembina Pipeline Corp.

Pembina Pipeline is moving higher from a bullish flag continuation pattern as price action consistently trades above its upward-sloping moving averages. Monitor for continued upward momentum to confirm this trend.

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

 

TCW.TO – Trican Well Service Ltd.

Trican Well Service continues to position itself near the apex of a significant multi-month consolidation pattern. Monitor for any signs of a breakout that could indicate a directional move.

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

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 – 2024-06-06

AA, ABBNY, ABBV, ABNB, ACDC, ADBE, ADI, ADM, ADP, ADUS, AEM, AGI, ALGN, AMD, AME, AMT, AMZN, ANF, ANIP, ARCH, ARLP, ARM, ASML, ATGE, ATO, AU, AZN, BA, BABA, BAND, BDX, BG, BITQ, BJ, BK, BLOK, BRK/B, BROS, BSX, BVN, BZ, CARG, CASH, CASY, CCAP, CCB, CCEP, CCJ, CHCO, CHKP, CI, CIB, CL, CLBT, CMG, COIN, COO, COPX, COR, COST, CRL, CRM, CRTO, CRUS, CSWI, CTLT, CTRA, CTSH, CVLG, CVLT, CWAN, CYBR, DASH, DAY, DB, DEFTF, DHR, DK, DMLP, DNN, DOCN, DOCU, DSGX, DTM, ECL, EGO, ELV, EMN, ENLC, EPD, ESS, ESTC, EW, EXPE, EXR, EZPW, F, FCX, FDIG, FDS, FI, FIS, FLUT, FROG, FRT, FSLR, FTAI, FUTU, GDX, GDXJ, GFI, GFL, GIL, GLD, GOOG, GOOGL, GPI, GPOR, GRVY, GWRE, HALO, HCA, HD, HESM, HMY, HOLX, HOOD, HOV, HPE, HPQ, HRB, HRL, IAG, IBM, ICFI, IDCC, IDXX, IGIC, IHI, ING, INVH, IOT, IQV, IREN, IRM, ISRG, ITCI, ITGR, J, JNPR, K, KGC, KMB, KMI, KNTNF, KO, LEU, LLY, LMB, LMND, LMT, LNW, LPX, MA, MAA, MAG, MCK, METV, MFC, MHO, MKTX, MNDY, MO, MOH, MPLX, MPWR, MRK, MS, MSFT, MTCH, MTSI, MUFG, MUSA, NCDL, NEM, NKE, NLR, NSIT, NU, NVO, NVS, O, OFG, OLED, OR, ORCL, PAAS, PANW, PAY, PBA, PCOR, PFGC, PG, PGR, PINS, PKG, PLMR, PLTR, PM, PODD, POST, POWW, PSTG, PYPL, QFIN, RBA, RDNT, REG, RNR, ROP, RPAY, RVTY, RXST, SA, SII, SIL, SILJ, SIMO, SKWD, SLV, SPB, SPG, SPWR, SQ, STE, SUN, SYK, TFII, TKO, TMO, TRI, TRMB, TWST, TXN, UBER, URA, URBN, USFD, V, VEEV, VIPS, VRTX, VTR, VVV, WDOFF, WES, WEST, WGMI, WIX, WMT, WPM, WTW, XLB, XLC, XLP, XLRE, XLV, XLY, XME, YUM, ZTS

 

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.

AAUC.TO, AAV.TO, ABRA.V, ABX.TO, AEM.TO, AGI.TO, AI.TO, AIM.TO, AKG.TO, ALDE.V, ALS.TO, AMC.TO, AMD.NE, AMZN.NE, AOI.TO, ARIS.TO, ARX.TO, ASCU.TO, ASM.TO, ATD.TO, ATD/A.TO, ATZ.TO, AYA.TO, BA.NE, BB.TO, BDT.TO, BIP/UN.TO, BIR.TO, BK.TO, BLN.TO, BLX.TO, BNE.TO, BOIL.CA, BPF/UN.TO, BRK.NE, BTO.TO, CAD.V, CCL/B.TO, CCO.TO, CDAY.TO, CEE.TO, CEU.TO, CG.TO, CHP/UN.TO, CHR.TO, CNR.TO, COST.NE, CPLF.TO, CPX.TO, CRM.NE, CSH/UN.TO, CTC/A.TO, CU.TO, CVO.TO, DEFI.NE, DF.TO, DHT/UN.TO, DML.TO, DNG.TO, DNTL.TO, DPM.TO, DR.TO, DSG.TO, DV.V, EDR.TO, EDV.TO, EIT/UN.TO, ELD.TO, EQX.TO, EXE.TO, FCR/UN.TO, FDR.V, FFH.TO, FNV.TO, FOM.TO, GAU.TO, GEI.TO, GFL.TO, GIL.TO, GLXY.TO, GOLD.TO, GOOG.NE, GSY.TO, GTE.TO, GTWO.TO, GXP.CA, H.TO, HBM.TO, HITI.V, HIVE.V, HRX.TO, HUT.TO, IAU.TO, IFP.TO, IGM.TO, IMG.TO, ITR.V, JAG.TO, JWEL.TO, K.TO, KEL.TO, KEY.TO, KITS.TO, KNT.TO, KRR.TO, KTN.V, L.TO, LLY.NE, LUG.TO, LUN.TO, MAG.TO, MAU.V, MDI.TO, MDP.TO, META.NE, MFC.TO, MI/UN.TO, MKP.TO, MRT/UN.TO, MSFT.NE, MTA.V, MUX.TO, MVRS.NE, NA.TO, NETZ.NE, NFI.TO, NG.TO, NGD.TO, NGEX.TO, NGT.TO, NVA.TO, NWC.TO, OGC.TO, OLA.TO, OR.TO, OSK.TO, PAAS.TO, PACT.CA, PANW.NE, PEY.TO, PIF.TO, POU.TO, PPL.TO, PRL.TO, PRU.TO, PSI.TO, PSLV.TO, PTK.V, PTM.TO, PXT.TO, PYPL.NE, RBA.TO, RCK.V, RY.TO, SAP.TO, SCR.TO, SDE.TO, SEA.TO, SES.TO, SGD.V, SGR/UN.TO, SHLE.TO, SIA.TO, SII.TO, SIS.TO, SJ.TO, SKE.TO, SLS.TO, SOIL.TO, SRU/UN.TO, SSL.TO, SYZ.TO, T.TO, TA.TO, TCL/A.TO, TCW.TO, TECK/B.TO, TFII.TO, TNZ.TO, TOU.TO, TPZ.TO, TRI.TO, TRP.TO, TSU.TO, TUO.V, TXG.TO, UBER.NE, VGCX.TO, VISA.NE, VLE.TO, WCN.TO, WDO.TO, WED.V, WELL.TO, WFG.TO, WPK.TO, WPM.TO, WTE.TO, X.TO, ZDC.V

 

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