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
Stocks Rise, Yields Retreat Following Surprising Jobless Claims
As of this writing, stocks are edging higher while yields have pulled back, driven by weekly jobless claims surpassing expectations. The Dow extended its winning streak for a sixth consecutive session on Wednesday, although market performance exhibited greater variability, with the S&P 500 closing flat and the Nasdaq 100, focused on technology, experiencing a decline. Currently, all three indexes display bullish tendencies, with price action poised to breach another level of horizontal resistance, as indicated by the blue line on the charts. Scanner results continue to demonstrate resilience, offering potential trading opportunities. Noteworthy from yesterday’s scanner findings are the prominent presence of gold and silver stocks, displaying signs of follow-through. Meanwhile, attention remains on the uranium sector, while Canadian energy stocks showcase bullish setups. In the words of Jesse Livermore, “The trend is your friend until it ends.” Let’s now explore the daily setups and scanner discoveries.
Dow Jones Industrial Average – Daily Chart
S&P 500 – Daily Chart
Nasdaq – Daily Chart
10-Year US Treasury Yield
US Daily Setups
CELH – Celsius Holdings Inc.
Celsius is attempting to break out from a continuation pattern. Keep monitoring closely for confirmation of this breakout.
LINK TO CHART – https://schrts.co/xpNzFacX
GDX – VanEck Vectors Gold Miners ETF
VanEck Vectors Gold Miners ETF is breaking out from the pattern highlighted yesterday. Keep a close watch for confirmation of this breakout.
LINK TO CHART – https://schrts.co/qSZNiSxD
GDXJ – VanEck Vectors Junior Gold Miners ETF
VanEck Vectors Junior Gold Miners ETF is breaking out from the pattern highlighted yesterday. Keep monitoring closely for confirmation of this breakout.
LINK TO CHART – https://schrts.co/PKbuDjun
NTR – Nutrien Ltd.
Nutrien is breaking out from a significant multi-year falling wedge pattern. Keep a close eye on its price action for confirmation of this breakout.
LINK TO CHART – https://schrts.co/MYaTerMw
PM – Philip Morris Intl Inc.
Philip Morris continues to attempt a significant multi-year consolidation pattern or base breakout. Keep monitoring closely for confirmation of this breakout.
LINK TO CHART – https://schrts.co/rcVuquzx
SRUUF – Sprott Physical Uranium Trust
Sprott Physical Uranium Trust is attempting to break out above a level of horizontal resistance. Keep a close watch on its price action for confirmation of this breakout.
LINK TO CHART – https://schrts.co/IWFJASKT
URA – Global X Uranium ETF
Global X Uranium ETF is bouncing off of the upper trendline of the recent pattern breakout. Keep monitoring closely for potential continuation of this upward movement.
LINK TO CHART – https://schrts.co/nejiMJVq
Canadian Daily Setups
ABX.TO – Barrick Gold Corp.
Barrick Gold is set up for a potential bottoming pattern breakout. Keep a close eye on its price action for confirmation of this breakout.
LINK TO CHART – https://schrts.co/GTrWpakH
BCE.TO – BCE, Inc.
BCE is attempting to break out from the recently highlighted bottoming pattern. Keep a close watch on its price action for confirmation of this breakout.
LINK TO CHART – https://schrts.co/hYhUcRIx
CCO.TO – Cameco Corp.
Cameco is set up for a potential breakout above its 52-week high. Keep a close eye on its price action for confirmation of this breakout.
LINK TO CHART – https://schrts.co/ZxzsgyrJ
EFR.TO – Energy Fuels, Inc.
Energy Fuels shows momentum from the recently highlighted setup from the lower end of its trading range. Keep monitoring closely for further developments.
LINK TO CHART – https://schrts.co/UAPQPsbk
NTR.TO – Nutrien Ltd.
Nutrien is breaking out from a significant multi-year falling wedge pattern. Keep a close eye on its price action for confirmation of this breakout.
LINK TO CHART – https://schrts.co/SWgQWzNW
SU – Suncor Energy, Inc.
Suncor Energy is now breaking out from the recently highlighted pattern, reaching a new high. Keep a close watch for confirmation of this breakout.
LINK TO CHART – https://schrts.co/NTTqMAqR
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 – 2024-05-09
A, AAL, AAPL, ABCB, ACA, ACGL, ACIW, ADP, AEE, AEM, AEO, AER, AES, AFL, AGI, AGYS, AIG, AIR, AIZ, AJG, ALAR, ALB, ALL, ALLE, ALRM, ALTR, AMCR, AMGN, AMP, AMT, AMZN, ANET, ANF, AOS, APAM, APD, APH, APP, APTV, ARE, ARES, ARLP, AROC, ASTH, ATI, AU, AVAV, AVY, AWI, AWK, AX, AXP, AYI, AZN, AZZ, BABA, BAC, BAESY, BAH, BAM, BBW, BBWI, BCO, BCSF, BE, BJ, BK, BKNG, BKR, BLBD, BLD, BLK, BMI, BPOP, BRBR, BRK/B, BRO, BSX, BURL, BVN, BX, C, CARR, CASY, CAT, CAVA, CB, CBRE, CBZ, CCEP, CCI, CCJ, CCL, CDNS, CECO, CEG, CELH, CENT, CENTA, CGBD, CHD, CI, CINF, CIVI, CL, CLBT, CLSK, CM, CME, CMI, CMS, CNA, CNC, CNO, CNP, CNQ, CNX, COO, COOP, COPX, COR, COST, CPA, CPB, CPG, CPRT, CRH, CROX, CRS, CRWD, CSGP, CSL, CSTM, CSWC, CSWI, CSX, CTAS, CTRA, CTVA, CVLG, CVNA, CVX, D, DAC, DAL, DASH, DCI, DD, DE, DECK, DEFTF, DGX, DHI, DHR, DHT, DINO, DKNG, DLR, DMLP, DNN, DOV, DOW, DRS, DSGX, DTE, DTM, DUK, DVA, DVN, DY, E, EADSY, EAT, EBAY, ED, EDU, EFX, EHC, EIX, ELF, ELV, EME, EMR, ENLC, ENSG, ENVA, EPD, EQH, ERO, ES, ESEA, ETN, ETR, ETRN, ETSY, EVRG, EW, EXC, EXR, FANG, FBIN, FCX, FE, FERG, FI, FICO, FITB, FLEX, FLS, FLUT, FMC, FMX, FN, FOR, FORM, FRO, FRPT, FSS, FTAI, FTI, GBX, GD, GDRZF, GDX, GDXJ, GEHC, GEL, GEOS, GFF, GFI, GIS, GLD, GLW, GM, GNRC, GOLF, GPK, GPS, GS, GSK, GVA, GWRE, HALO, HBAN, HCA, HD, HEAR, HEI, HES, HIG, HII, HIMS, HLI, HMY, HNI, HOLX, HON, HOV, HPQ, HRB, HTGC, HUBB, HWM, IAG, IBCP, IBP, ICE, ICLR, IESC, IHI, IMO, INSW, IOT, IP, IPG, IR, IREN, IRM, ISRG, ITA, ITB, ITT, ITW, IVZ, IWF, IWM, JETS, JKHY, JNJ, JPM, KBH, KEX, KEY, KGC, KKR, KMB, KMI, KNTNF, KO, KOF, KRE, KVUE, L, LBRT, LDOS, LEN, LEVI, LHX, LII, LINC, LMAT, LMT, LNC, LNT, LOVE, LOW, LSEA, LWAY, LYV, LZB, MAA, MAG, MAIN, MARA, MAS, MCK, MCO, MCY, MDT, MET, META, MFC, MHK, MLI, MLM, MLR, MMC, MMM, MMYT, MO, MOD, MPC, MRK, MRNA, MRO, MS, MSFT, MSI, MSTR, MTB, MTD, MTDR, MUFG, MUSA, MYGN, NBIX, NCDL, NDSN, NEE, NEM, NMIH, NMM, NOC, NOW, NRG, NSSC, NTNX, NTRS, NUE, NVMI, NVO, NVT, NWS, NWSA, NXE, OC, ODFL, OIH, OII, OKE, OMC, ONTO, OPRA, OR, OSCR, OSK, OTIS, PAA, PAAS, PAGP, PARA, PATK, PAX, PAYC, PAYX, PBA, PCG, PEG, PEP, PFG, PFGC, PFSI, PG, PH, PHM, PKG, PM, PNC, PNR, PNW, POWL, PPC, PPL, PRCT, PRMW, PRU, PSA, PSTG, PUBM, PWR, QFIN, QRVO, RAMP, RBA, RBC, RCL, RDNT, REGN, RELX, REVG, REX, RF, RL, RMD, ROAD, ROL, ROST, RSP, RTX, RUM, RYAN, SA, SANM, SAP, SBUX, SCCO, SCS, SDRL, SEIC, SF, SFM, SHAK, SHEL, SKX, SLV, SM, SN, SO, SPB, SPGI, SPOT, SPSC, SPXC, SPY, SQ, SRE, SRUUF, STLD, STNG, STT, STX, STZ, SUM, SWIN, SWK, SWN, SYF, T, TDG, TECH, TEL, TER, TEX, TFC, TFPM, TFX, TGT, THC, TJX, TK, TKR, TMDX, TMHC, TMO, TMUS, TNK, TNP, TOL, TORXF, TOST, TPH, TPR, TPX, TREX, TRI, TRIN, TRMD, TRV, TSCO, TT, TTD, TTE, TW, TXN, TXRH, TXT, UAL, UBS, UEC, UHS, UNH, UNM, UNP, URA, URBN, URG, URI, URNJ, URNM, USB, USFD, VEEV, VERX, VITL, VLTO, VMC, VRSN, VRT, VST, VZ, WAB, WAL, WAT, WBS, WCN, WDC, WDOFF, WEC, WEST, WFC, WFRD, WGMI, WHD, WING, WIX, WMS, WMT, WPM, WSM, WTFC, WWD, WYNN, XHB, XLB, XLC, XLE, XLF, XLI, XLP, XLRE, XLU, XLV, XLY, XME, XOM, XOP, XYL, YUM, ZBH, 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 – 2024-05-09
AAPL.NE, ABX.TO, ACO/X.TO, ACQ.TO, AEM.TO, AFM.V, AGI.TO, AI.TO, ALA.TO, ALS.TO, AMZN.NE, AQN.TO, ARE.TO, ARIS.TO, ARTG.V, ATD.TO, ATD/A.TO, ATH.TO, ATX.V, AX/UN.TO, AYA.TO, BAM.TO, BCE.TO, BDT.TO, BEP/UN.TO, BEPC.TO, BFM.V, BIP/UN.TO, BIPC.TO, BIR.TO, BK.TO, BLDP.TO, BMO.TO, BNS.TO, BOS.TO, BRAG.TO, BTB/UN.TO, BTE.TO, BTO.TO, CAD.V, CAE.TO, CAR/UN.TO, CAS.TO, CCO.TO, CEU.TO, CF.TO, CHE/UN.TO, CJ.TO, CL.CA, CNQ.TO, CNR.TO, COST.NE, CP.TO, CPG.TO, CPLF.TO, CR.TO, CRDL.TO, CRON.TO, CTC/A.TO, CXB.TO, DBM.TO, DF.TO, DFN.TO, DGS.TO, DML.TO, DOO.TO, DPM.TO, DRX.TO, DV.V, E.TO, EDR.TO, EDV.TO, EIT/UN.TO, EMA.TO, ENB.TO, ERF.TO, ERO.TO, EU.V, FCU.TO, FFN.TO, FOM.TO, FR.TO, FTN.TO, FTS.TO, FTT.TO, FVI.TO, G.TO, GEI.TO, GGD.TO, GLXY.TO, GMIN.TO, GUD.TO, GWO.TO, H.TO, HBM.TO, IAG.TO, IFP.TO, IGM.TO, IMG.TO, IMO.TO, ITR.V, IVN.TO, JOY.TO, K.TO, KITS.TO, KSI.TO, KTN.V, LAAC.TO, LCS.TO, LFE.TO, LIF.TO, LUN.TO, MAU.V, MDF.TO, MEG.TO, META.NE, MFC.TO, MFI.TO, MSFT.NE, MVRS.NE, NA.TO, NFI.TO, NGD.TO, NGEX.TO, NGT.TO, NNRG.NE, NTR.TO, NVA.TO, NWH/UN.TO, NXE.TO, NXR/UN.TO, OBE.TO, OGC.TO, OGN.V, OR.TO, OSK.TO, PAAS.TO, PALI.V, PEY.TO, PIF.TO, PLZ/UN.TO, POW.TO, PRB.TO, PRL.TO, PRMW.TO, PRYM.TO, PTM.TO, PWI.TO, PXT.TO, QBR/B.TO, RML.V, RSI.TO, RUP.TO, RY.TO, SAP.TO, SII.TO, SIL.TO, SIS.TO, SKE.TO, SLF.TO, SLI.V, SLS.TO, SSL.TO, SSRM.TO, STC.TO, STEP.TO, STLC.TO, SU.TO, SVM.TO, TD.TO, TECK/B.TO, TKO.TO, TLRY.TO, TOU.TO, TRI.TO, TVE.TO, TVK.TO, TXG.TO, U/UN.TO, URE.TO, VET.TO, VGCX.TO, VNP.TO, VZLA.V, WCP.TO, WDO.TO, WEED.TO, WELL.TO, WPM.TO, WUC.CA, XTC.TO
