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
Records Persist Amid Antitrust Headwinds and Rate Cut Ripples
The three major indexes surged to fresh record highs on Thursday, defying headwinds from an antitrust lawsuit denting Apple stock. This marked a notable achievement, as all three indexes clinched record closes simultaneously for the first time since 2021, reinforcing their upward momentum from Wednesday. Bolstered by Expectations of Rate Cuts, Switzerland made waves as the first affluent nation to trim interest rates amidst the ongoing global campaign against inflation.
Leading the charge was the Dow Jones Industrial Average, notching a 0.7% gain equivalent to 269 points, bringing it tantalizingly close to the coveted 40,000-point mark. Industrial and banking sectors spearheaded the S&P 500’s 0.3% ascent, while the tech-centric Nasdaq Composite posted a modest 0.2% increase. The Russell 2000, representing small-cap stocks, surged by 1.1% to reach a 23-month closing high, building on Wednesday’s impressive 1.9% surge.
Dow Jones Industrial Average – Daily Chart
S&P 500 – Daily Chart
Nasdaq – Daily Chart
Russell 2000 (ETF) – Daily Chart
Meanwhile, the 10-year Treasury yield remained stagnant at 4.27%. The U.S. dollar experienced a resurgence following the Swiss National Bank’s unexpected interest rate cut, underscoring its allure amid robust U.S. economic growth. This unforeseen dollar strength cast a shadow over precious metals, leading to weakness in both gold and silver prices.
10-Year US Treasury Yield
US Dollar – Weekly Chart
In equities, cannabis stocks and ETFs dominated scanner results, with the MSOS ETF notably commanding robust volume amidst anticipation of potential rescheduling news. Government figures voicing increasing support have fueled speculation, contributing to the heightened market activity in this sector.
AdvisorShares Pure US Cannabis ETF – Daily Chart
Transitioning from the introduction to the daily setups, we find resonance in Victor Sperandeo’s wisdom: “The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.” This underscores the critical role of emotional control in navigating the markets. With this principle in mind, let’s delve into today’s trading setups, armed with both strategy and mindfulness.
US Daily Setups
IIPR – Innovative Industrial Properties, Inc.
Innovative Industrial Properties appears to be setting up for a potential breakout above its 52-week high.
LINK TO CHART – https://schrts.co/gUnxSjvb
IOT – Samsara Inc.
It seems that Samsara is currently retesting the breakout line it recently surpassed.
LINK TO CHART – https://schrts.co/yjRtwvJS
MSOS – AdvisorShares Pure US Cannabis ETF
The AdvisorShares Pure US Cannabis ETF exhibited a precise rebound off the recent breakout line, supported by continued robust volume.
LINK TO CHART – https://schrts.co/HSvxNACy
RDDT – Reddit Inc.
Reddit, a new IPO ticker, is one to monitor closely on your watchlist.
LINK TO CHART – https://schrts.co/sdBeFXmM
RS – Reliance Steel & Aluminum
Reliance Steel is starting to trend higher from a continuation pattern.
LINK TO CHART – https://schrts.co/UqdPxgSM
SQ – Block, Inc.
Block continues to position itself on the right side of a significant bottoming base, suggesting potential upward momentum.
LINK TO CHART – https://schrts.co/vgayFGRt
URA – Global X Uranium ETF
The Global X Uranium ETF continues to show promise as price action nears a breakout from our continuation pattern. Keep an eye on the volume by price bar locator on the left side of the chart, indicating significant accumulation during this period.
LINK TO CHART – https://schrts.co/iMtbbhMA
XP – XP Inc
It seems that XP is in the process of setting up on the right side of a significant multi-month consolidation pattern.
LINK TO CHART – https://schrts.co/kmyxjFxy
Canadian Daily Setups
AYR/A.CA – AYR Strategies Inc.
AYR Strategies continues to appear on momentum scans as price action positions itself below a potential trigger line.
LINK TO CHART – https://schrts.co/HRDHeiWN
CURA.TO – Curaleaf Holdings, Inc.
Curaleaf is attempting to break out above a horizontal resistance line.
LINK TO CHART – https://schrts.co/yKPbMuwN
GTII.CA – Green Thumb Industries Inc.
Green Thumb Industries continues to position itself for a potential breakout above its 52-week high.
LINK TO CHART – https://schrts.co/FPtdEyJE
HMMJ.TO – Horizons Medical Marijuana Life Sciences ETF
Horizons Medical Marijuana Life Sciences ETF continues its upward trajectory from its bottom base.
LINK TO CHART – https://schrts.co/RtDWRXWX
TRUL.CA – Trulieve Cannabis Corp.
Trulieve Cannabis is currently setting up below its 52-week high.
LINK TO CHART – https://schrts.co/QQUIRxQv
TSND.TO – TerrAscend Corp.
TerrAscend appears to be setting up below a potential trigger line. Keep an eye out for breakout signals.
LINK TO CHART – https://schrts.co/HZCZsRKs
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 – 2024-03-21
A, AAL, AAON, ABNB, ACA, ACIW, ACM, ACMR, ADP, ADSK, AEO, AEP, AER, AGM, AGYS, AIG, AIT, ALAR, ALG, ALKT, ALL, ALPN, ALSN, ALTR, ALV, AM, AMAL, AMCR, AME, AMGN, AMP, AMWD, ANET, ANF, ANIP, ANSS, AON, AOS, APA, APAM, APG, APH, APO, APOG, APP, APPF, APTV, ARCB, ARE, ARES, ARIS, ARLO, AROC, ASND, ATEYY, ATKR, ATO, ATR, AVAV, AVB, AVGO, AVY, AWI, AXP, AYI, AZEK, AZO, AZZ, BAC, BAH, BALL, BAM, BAX, BBWI, BBY, BCC, BCML, BCO, BCSF, BDX, BEN, BFST, BG, BIIB, BIO, BIRK, BK, BKNG, BKR, BLBD, BLD, BLDR, BLK, BMA, BPOP, BR, BRBR, BRC, BRKR, BROS, BSX, BUR, BWA, BWXT, BX, BXP, C, CACI, CAG, CAH, CAMT, CARR, CASH, CASY, CAT, CBRE, CBZ, CCAP, CCCS, CCJ, CCS, CDNS, CDW, CE, CECO, CENT, CENTA, CFG, CGBD, CHCO, CHD, CHKP, CHRD, CHRW, CINF, CL, CLF, CLH, CLS, CLSK, CM, CMA, CMI, CMPR, CMS, CNM, CNX, COF, COIN, COKE, COLL, COP, COR, CPG, CPLP, CPT, CR, CRBG, CRL, CRM, CROX, CRSP, CRVL, CRWD, CSCO, CSGP, CSL, CSWC, CSWI, CSX, CTAS, CTRA, CUBI, CVLT, CVNA, CW, CXT, D, DAC, DAL, DAY, DB, DCI, DD, DDS, DE, DECK, DEFTF, DELL, DFH, DFS, DGX, DHI, DHR, DHT, DK, DKNG, DKS, DOC, DOV, DPZ, DTM, DXPE, EBAY, ECL, EDU, EHC, EIX, ELF, ELTK, ELV, EME, EMN, EMR, ENLC, ENTG, ENVA, EOG, EQR, ESAB, ESOA, ESS, ETN, ETR, ETRN, EVR, EW, EWBC, EXC, EXP, EXPD, EXR, EZPW, FANG, FAST, FBIN, FBP, FCFS, FCNCA, FDX, FERG, FFIV, FI, FICO, FIS, FITB, FIX, FLEX, FLR, FLS, FMC, FMX, FN, FNF, FOX, FRO, FRPT, FRT, FSLR, FSS, FTAI, FTI, FTV, FWRG, GBDC, GBX, GE, GEL, GEN, GEOS, GFF, GGG, GLW, GM, GMS, GNRC, GOLF, GPC, GPI, GPK, GPN, GPOR, GPS, GRBK, GRC, GRMN, GRVY, GS, GSK, GTES, GTLB, GVA, GWW, HAL, HAS, HBAN, HCI, HD, HEAR, HEES, HESM, HII, HIMS, HLNE, HLX, HMC, HNI, HOLI, HOLX, HOOD, HPE, HPQ, HQY, HRI, HST, HSY, HTGC, HUBB, HWKN, IBCP, IBKR, IBOC, IBP, ICAD, ICE, ICLR, IDCC, IDT, IESC, IEX, IGIC, IIPR, IMO, INFA, INSW, INTU, INVH, IOT, IP, IPAR, IPG, IQV, IR, IRM, IT, ITB, ITCI, ITGR, ITRN, ITT, ITW, IWM, J, JBHT, JBI, JCI, JELD, JFIN, JNPR, JPM, K, KAI, KEX, KEY, KEYS, KHC, KIM, KKR, KMB, KMI, KMX, KNF, KNSL, KNTK, KR, KRE, KRT, KSPI, KTOS, KVUE, LAD, LAUR, LBRT, LDOS, LECO, LEN, LH, LHX, LII, LINC, LKQ, LMB, LMT, LNW, LOB, LOW, LPG, LPLA, LPX, LSEA, LULU, LWAY, LYFT, LYV, LZB, MA, MAA, MAIN, MANH, MAR, MAS, MBC, MBIN, MBWM, MCK, MCO, MCY, MDLZ, MEDP, MELI, MGRC, MHK, MHO, MKC, MKTX, MLI, MLM, MMYT, MO, MOD, MOGA, MOH, MPC, MPLX, MPTI, MRO, MS, MSCI, MSI, MSM, MSOS, MSTR, MTB, MTD, MTDR, MTH, MTRN, MTSI, MYRG, NBIX, NCDL, NCLH, NDAQ, NDSN, NEU, NGVC, NI, NICE, NKE, NMIH, NOG, NPO, NRP, NS, NSIT, NSSC, NTAP, NTB, NTRS, NUE, NVT, NWS, NWSA, NX, NXE, NXT, NYT, OBDC, OC, ODD, ODFL, ODP, OIH, OKE, OMC, OMI, ONON, ORLY, ORRF, OSG, OSK, OTIS, OWL, OXY, OZK, PAA, PAGP, PANW, PARR, PATK, PAYC, PBPB, PCAR, PCG, PEGA, PEP, PFBC, PFG, PH, PHM, PIPR, PKG, PLAB, PLD, PNC, PNR,PNTG, POOL, POST, PPC, PPG, PR, PRCT, PRDO, PRIM, PSN, PSTG, PSX, PUBM, PWP, PWR, PXD, PYPL, QCOM, RBA, RBC, RF, RHI, RHP, RJF, RMBS, RMD, ROAD, ROCK, ROK, RPM, RRC, RS, RSG, RSP, RUSHA, RYAAY, SAH, SAIA, SANM, SAP, SCHW, SHW, SIGI, SJM, SKT, SKX, SM, SNA, SNPS, SPB, SPGI, SPXC, SQ, SQSP, SRUUF, SSD, SSNC, STEP, STLD, STNG, STT, STZ, SUM, SUN, SWBI, SWK, SXC, SYM, SYY, TAP, TBBB, TDG, TDW, TEL, TER, TEX, TFC, TFII, TGLS, TJX, TK, TKR, TM, TMO, TNC, TNET, TNK, TOL, TOST, TPG, TPH, TPR, TPX, TRAK, TREX, TRGP, TRIN, TRIP, TRMB, TRMD, TRNS, TROW, TRV, TS, TSCO, TSN, TT, TTD, TTEK, TTWO, TW, TXT, UAL, UBER, UBS, UDR, UEC, UFPT, UHS, UNP, UPS, URBN, URI, URNJ, USB, USFD, USLM, V, VEEV, VITL, VLGEA, VLO, VLTO, VMC, VNOM, VNT, VRRM, VRSN, VRT, VRTS, VRTX, VSEC, VST, VTRS, VVV, VZ, W, WAB, WAL, WAT, WBS, WCN, WES, WFC, WIRE, WM, WMB, WMT, WOR, WSM, WSO, WTFC, WTS, WY, XHB, XLB, XLE, XLF, XLI, XME, XOM, XOP, XRAY, XYL, YPF, ZBH, ZBRA, ZGN, ZWS
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 – 2024-03-21
AAUC.TO, ABXX.NE, AC.TO, ACO/X.TO, ACQ.TO, ADEN.TO, AEP.V, AGF/B.TO, AKG.TO, ALYA.TO, AQN.TO, ARTG.V, ATH.TO, AVGO.NE, AX/UN.TO, AYR/A.CA, BAM.TO, BAM/A.TO, BBUC.TO, BDGI.TO, BDT.TO, BEI/UN.TO, BEP/UN.TO, BIP/UN.TO, BK.TO, BMO.TO, BN.TO, BNS.TO, BOFA.NE, BRAG.TO, BTB/UN.TO, BTE.TO, CAD.V, CATR.NE, CCO.TO, CEE.TO, CFP.TO, CHP/UN.TO, CIA.TO, CIG.TO, CIGI.TO, CITI.NE, CIX.TO, CJP.NE, CJT.TO, CL.CA, CLS.TO, CM.TO, CMG.TO, CNE.TO, CNQ.TO, CNR.TO, CP.TO, CPG.TO, CPH.TO, CPLF.TO, CPX.TO, CRM.NE, CRON.TO, CRR/UN.TO, CS.TO, CSCO.NE, CSH/UN.TO, CSU.TO, CURA.TO, CVE.TO, CVO.TO, CWB.TO, DF.TO, DFN.TO, DGS.TO, DIR/UN.TO, DML.TO, DND.TO, DR.TO, DSG.TO, EIF.TO, ENS.TO, ERF.TO, ET.TO, ETG.TO, EU.V, FFN.TO, FFN/PA.TO, FOM.TO, FSY.TO, FTN.TO, FTS.TO, GAU.TO, GCL.TO, GEI.TO, GS.NE, GTE.TO, GTII.CA, H.TO, HDI.TO, HITI.V, IFOS.V, IFP.TO, IMO.TO, INO/UN.TO, IPO.TO, ISO.V, JFS/UN.TO, JPM.NE, JUSH.CA, KNT.TO, KXS.TO, L.TO, LAC.TO, LB.TO, LBS.TO, LCS.TO, LFE.TO, LNR.TO, LUG.TO, MARI.TO, MATR.TO, MAU.V, MDI.TO, MDNA.TO, MEG.TO, MG.TO, MOGO.TO, MPCT/UN.TO, NA.TO, NET/UN.V, NKE.NE, NPI.TO, NUAG.TO, NVEI.TO, NWC.TO, NWH/UN.TO, NXE.TO, OBE.TO, OGI.TO, ONEX.TO, OSI.V, OTEX.TO, OVV.TO, PANW.NE, PAY.TO, PEY.TO, PHX.TO, PIC/A.TO, PKI.TO, PLZ/UN.TO, PMZ/UN.TO, POW.TO, PRMW.TO, PTK.V, PTM.TO, PYPL.NE, QTRH.TO, RBA.TO, REAL.TO, REI/UN.TO, RML.V, RSI.TO, RUS.TO, RY.TO, SBC.TO, SDE.TO, SGY.TO, SHLE.TO, SIA.TO, SJ.TO, SLF.TO, SOIL.TO, SPB.TO, STN.TO, TD.TO, TER.CA, TF.TO, TFII.TO, TH.TO, THNC.TO, TRP.TO, TRUL.CA, TSND.TO, U/U.TO, U/UN.TO, UBER.NE, URE.TO, VET.TO, VNP.TO, VRNO.NE, VZ.NE, VZLA.V, WCN.TO, WCP.TO, WED.V, WEX.V, WFG.TO, WIFI.CA, WJX.TO, WMT.NE, WN.TO, WSP.TO, WUC.CA, XOM.NE, XTG.TO, YGR.TO
