SYS Research – Daily Report – Thursday, March 14, 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.

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SYS Daily Report

Dow Slips Despite Inflation Data; Investors Await Better Entry Points

The Dow Jones Industrial Average halted its winning streak on Thursday as inflation data failed to sway rate cut projections.

The Dow declined by 138 points, or 0.4%, following three consecutive days of gains. Similarly, the S&P 500 saw a 0.3% dip, though it remains within striking distance of record highs. The tech-focused Nasdaq Composite also experienced a 0.3% drop.

Dow Jones Industrial Average – Daily Chart

S&P 500 – Daily Chart

Nasdaq – Daily Chart

In response to the market movement, the 10-year Treasury yield surged by 10 basis points, settling just below 4.3%, marking its highest close since late February. This surge represented the largest one-day gain in yield since February 13th, surpassing Tuesday’s uptick following the release of the hotter-than-anticipated consumer price index.

10-Year US Treasury Yield

Amidst these fluctuations, actionable ideas were scarce, with the scanner results primarily featuring the Mag 7 and energy-related names. A defensive stance is advised, urging investors to exercise patience and await more favorable opportunities to deploy capital. A sustained pause in the major stock indexes could pave the way for new base formations, offering fresh entry points.

Now, let’s delve into the daily setups.

US Daily Setups

AAON – AAON, Inc.

AAON is set up in the form of a bull flag continuation pattern. Keep an eye on this setup for potential confirmation and signs of sustained upward momentum.

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

 

AMZN – Amazon.com, Inc.

Amazon is poised for a potential new all-time high breakout as its price action attempts to trend higher. Keep a close watch for confirmation of this breakout and signs of sustained upward momentum.

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

 

ARLO – Arlo Technologies, Inc.

Arlo Technologies is set up for a potential 52-week high breakout with robust volume. Keep a close watch for confirmation of this breakout and signs of sustained upward momentum.

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

 

GOOGL – Alphabet Inc.

Alphabet continues to break out from its wedge pattern. Monitor closely for confirmation of this breakout and potential signs of sustained upward momentum.

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

 

MSFT – Microsoft Corp.

Microsoft is pushing to a new high from its recently highlighted continuation pattern. Keep a close eye on this development for confirmation and signs of sustained upward momentum.

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

 

TRMD – Torm Plc

It appears Torm is attempting to break out from a bull flag continuation pattern. Keep a close watch for confirmation of this breakout and potential signs of sustained upward momentum.

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

 

Canadian Daily Setups

DCBO.TO – Docebo Inc.

Docebo continues to set up in the form of a potential bull flag continuation pattern. Monitor closely for confirmation of this pattern and possible signs of sustained upward momentum.

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

 

EFX.TO – Enerflex Ltd.

Enerflex has consolidated in the form of a potential bull flag continuation pattern. Monitor closely for confirmation of this pattern and possible signs of sustained upward momentum.

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

 

FTT.TO – Finning Intl, Inc.

Finning appears to be setting up on the right side of a significant multi-year consolidation pattern. Keep a close watch for potential developments and signs of upward momentum as it approaches this critical stage.

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

 

GMIN.TO – G Mining Ventures Corp.

G Mining Ventures is now making a 52-week high from the recently highlighted continuation pattern. Monitor closely for confirmation of this breakout and potential signs of sustained upward momentum.

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

 

PD.TO – Precision Drilling Corp.

Precision Drilling continues to set up for a potential breakout. Keep a close watch for confirmation of this development and signs of sustained upward momentum.

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

 

TCL/A.TO – Transcontinental Inc.

Transcontinental continues to appear on the scanner results, and today, price action started to break out to a new 52-week high with robust volume. Monitor closely for confirmation of this breakout and signs of sustained upward momentum.

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

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

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 – 2024-03-14

AAON, ABBV, ABNB, AER, AIG, AIT, ALKS, AMK, AMZN, ANET, AOS, ARLO, ASR, AVY, AZO, BAESY, BBWI, BKR, BSX, BUR, BVN, CASY, CBZ, CHKP, CI, CINF, CLH, CME, CNA, CNM, COKE, COOP, COP, COR, CRBG, CRVL, CSL, CTAS, CTLT, CVS, CVX, DASH, DCBO, DD, DHT, DK, DKS, DLR, DMLP, DUOL, DVN, EDR, EG, EGO, EGY, ELV, EME, EOG, ERJ, ESAB, EW, FANG, FDX, FIX, FMX, FRO, FSV, FTI, GDRZF, GEOS, GFF, GMS, GOOG, GOOGL, GPOR, GPS, GVA, HAL, HCA, HES, HLX, HNI, HUBB, HUBS, HWKN, IEX, INSW, IR, ISRG, ITGR, JCI, KD, KEX, KSPI, LDOS, LMAT, MCK, MCY, MITK, MLM, MO, MOD, MOH, MORN, MRO, MSFT, NEE, NEU, NOC, NR, NRG, OIH, ORLY, OSG, OSIS, OTIS, OXY, PFGC, PGR, PLMR, PPC, PR, PUBM, PWP, PXD, PYPL, QTRX, RDY, RHP, RJF, ROAD, RYAN, SARK, SCCO, SHAK, SHEL, SLB, STER, STNE, STNG, TJX, TNK, TNP, TRIP, TRMD, TRNS, TSN, TT, TTE, TW, TXT, UGP, URBN, USFD, USO, VEL, VERX, VIPS, VITL, VIV, VMC, VRT, VST, WDOFF, WEX, WING, WRK, WST, XLE, XOM

 

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 – 2024-03-14

ACQ.TO, AD/UN.TO, AIF.TO, ALYA.TO, AMZN.NE, ARCH.V, ARE.TO, ARG.TO, ATH.TO, ATZ.TO, BBD/B.TO, BDT.TO, BK/PA.TO, BNE.TO, BYD.TO, CEU.TO, CIG.TO, CIGI.TO, CJ.TO, CMG.TO, CNQ.TO, CPG.TO, CPX.TO, CTS.TO, CVE.TO, CVS.NE, CXB.TO, DC/A.TO, DR.TO, DSG.TO, EFN.TO, EFX.TO, ELD.TO, ERF.TO, ERO.TO, ESI.TO, EXE.TO, FFH.TO, FIL.TO, FOM.TO, FRU.TO, FSV.TO, FSZ.TO, FTT.TO, GEO.TO, GMIN.TO, GOOG.NE, GRZ.V, GTE.TO, GURU.TO, GWO.TO, HAI.TO, HPS/A.TO, HWX.TO, III.TO, IMO.TO, IPCO.TO, IVN.TO, KRR.TO, LGC.V, LUG.TO, LUN.TO, MARI.TO, MATR.TO, MCB.TO, MDNA.TO, MEG.TO, MFC.TO, MOGO.TO, MOOO.CA, MSFT.NE, NANO.TO, NGEX.TO, NNRG.NE, NVA.TO, OBE.TO, OGC.TO, OLA.TO, PD.TO, PMET.TO, PRB.TO, PRV/UN.TO, PYPL.NE, QBR/B.TO, RBA.TO, RECO.V, RUP.TO, SCR.TO, SDE.TO, SES.TO, SGD.V, SGY.TO, SHOP.TO, SHOW.CA, SOIL.TO, SSL.TO, SU.TO, TCL/A.TO, TFII.TO, THNC.TO, TIH.TO, TOT.TO, TOU.TO, TPZ.TO, TRUL.CA, TVE.TO, TXG.TO, VLE.TO, WCP.TO, WDO.TO, XOM.NE, XRTX.V, XRX.CA, ZEN.V, ZZZ.TO

 

 

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