SYS Research – Daily Report – Thursday, November 30, 2023

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.

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SYS Daily Report

November Surge Sets the Stage for December: Markets Eye Sustained Momentum

November’s trading concluded with robust gains across various asset classes, marking a decisive upswing in the market’s performance. The Dow secured its highest closing since January 2022, while the Nasdaq Composite achieved its most substantial monthly growth since July 2022. This positive momentum put an end to a three-month losing streak for all three major indices. As the calendar turns to December, a historically favorable month for markets, investors are eager to see if the market can maintain the upward trajectory witnessed in November. The month’s final days, in particular, are known for their notable strength.

Dow Jones Industrial Average

Stock indexes exhibited a mixed picture today. The blue-chip Dow industrials surged by almost 1.5%, contrasting with a 0.2% decline in the tech-laden Nasdaq. The S&P 500 managed to eke out a 0.4% gain. Notably, all three indices notched up their most impressive monthly performances of the year, each experiencing a growth of 8.8% or more.

The 10-year U.S. Treasury note posted its most notable monthly gains since 2019. A pronounced reversal of rate-hike expectations prompted investors to engage in a bond-buying spree. However, it’s worth noting that the 10-year U.S. Treasury note yield experienced a slight uptick, settling at 4.352% today after three consecutive days of declines as it hammered off the breakout line.

10-Year US Treasury Yield

The SSIH remains steadfastly entrenched in the bullish zone, signaling a continued positive outlook as the market navigates the opportunities and challenges ahead.

SSIH

As we anticipate the potential for a Christmas rally, echoing historical market patterns, investors are reminded of Peter Lynch’s timeless wisdom: ‘Know what you own, and know why you own it.’ In the spirit of year-end opportunities, let’s delve into today’s setups and positions with a strategic eye on both short-term moves and the broader market landscape.

US Daily Setups

LFMD – LifeMD, Inc.

LifeMD is currently attempting to trend towards a new 52-week high.

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

 

NUE – Nucor Corp.

Nucor appears to be setting up on the right side of a significant multi-year consolidation pattern. Keep a close watch for a potential breakout.

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

 

SFM – Sprouts Farmers Market Inc.

Sprouts Farmers Market is attempting to break out from a continuation wedge or a large bull flag continuation pattern.

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

 

SNOW – Snowflake Inc.

Snowflake appears to be setting up on the right side of a significant bottoming base pattern. Monitor for a potential breakout.

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

 

STLD – Steel Dynamics, Inc.

Steel Dynamics appears to be breaking out from a significant multi-month consolidation/continuation pattern.

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

 

UNH – UnitedHealth Group, Inc.

UnitedHealth is attempting to break out with a surge in volume from the large basing pattern that we’ve been highlighting.

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

 

Canadian Daily Setups

AGI.TO – Alamos Gold Inc.

Alamos Gold continues to demonstrate strength following its breakout.

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

 

DPM.TO – Dundee Precious Metals, Inc.

The Dundee Precious Metals setup is currently attempting a breakout from the pattern recently highlighted.

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

 

FFH.TO – Fairfax Financial Holdings Ltd.

Fairfax Financial Holdings appears to be setting up just below another new all-time high. Monitor for a potential continuation of the uptrend.

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

 

IVN.TO – Ivanhoe Mines Ltd.

Ivanhoe Mines appears to be setting up on the right side of a significant multi-year consolidation pattern. Keep an eye out for a continuation of upside strength that could potentially lead to a breakout.

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

 

K.TO – Kinross Gold Corp.

Kinross Gold appears to be consolidating in the form of a flag pattern following its recent breakout.

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

 

KEY.TO – Keyera Corp

Keyera now appears to be breaking out from the continuation pattern highlighted in the weekend report.

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

 

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 – 2023-11-30.xlsx

A, AAL, AAON, ABBNY, ABBV, ABT, ACA, ACAD, ADSK, AEM, AEP, AER, AES, AFL, AFRM, AGI, AGRO, AGX, AGYS, AIG, AIT, AIZ, AJG, AKAM, ALG, ALKT, ALL, ALTR, ALV, AM, AMCR, AMGN, AMP, AMR, AMT, AON, ARCH, ARE, ARES, AROC, ATEYY, ATR, AVAV, AVY, AWI, AXP, AZEK, AZO, BA, BAC, BAESY, BAH, BALL, BCC, BG, BK, BLK, BPOP, BR, BRBR, BRC, BRK/B, BRO, BSBR, BSX, BTU, BUR, BVN, BWXT, BX, C, CAH, CAPL, CASH, CB, CBAY, CBOE, CCAP, CCCS, CCI, CCJ, CCL, CE, CEIX, CENT, CFG, CGBD, CHD, CHRD, CIEN, CIVI, CL, CLW, CMA, CME, CMPR, CNA, CNC, CNM, CNP, COF, COKE, COOP, COR, COST, CQP, CRBG, CRESY, CRH, CRM, CRS, CRWD, CSCO, CSL, CSWC, CSWI, CSX, CTSH, CUK, CVI, CW, DAC, DB, DBI, DBX, DCI, DDOG, DECK, DEFTF, DELL, DFIN, DFS, DG, DGX, DK, DLTR, DMLP, DOW, DPZ, DT, DTM, DUK, DVAX, DY, E, ECL, ED, EDU, EG, EGO, EGY, ELV, EME, EMN, EMR, ENLC, EPD, EQIX, ERIE, ERJ, ESE, ESTC, ET, ETR, ETRN, EVR, EXP, EXPD, FA, FBP, FCNCA, FDX, FERG, FI, FIS, FITB, FIVE, FLNC, FLR, FLS, FLT, FMC, FRT, FSLR, FSV, FTDR, FWRG, GBDC, GBX, GD, GDX, GDXJ, GE, GEL, GEN, GFI, GIB, GILD, GL, GLP, GM, GNRC, GPI, GPOR, GPS, GRMN, GS, GVA, H, HBAN, HCC, HEES, HEI, HIBB, HIG, HII, HLNE, HLX, HON, HPE, HPQ, HRB, HRI, HST, HUBB, HWKN, IBM, IBP, ICE, ICFI, IDR, IEX, IHG, IIPR, IMGN, INCY, INVH, IP, IPAR, IR, IREN, IRM, ITRI, ITRN, ITW, JHX, JKHY, JNJ, JNPR, JPM, KEY, KGC, KHC, KIM, KKR, KMB, KMI, KNTK, KO, KOP, KRT, KTOS, L, LBRT, LDOS, LECO, LEN, LFMD, LH, LHX, LII, LIN, LMT, LNG, LNT, LNW, LOGI, LRN, LSEA, LULU, LYB, LZB, MA, MAMA, MAS, MCHP, MCK, MDLZ, MELI, MET, MGRC, MITK, MKTX, MLI, MMC, MMM, MOH, MPC, MPLX, MPTI, MRK, MS, MSA, MTB, MTSI, MUSA, MVO, NBIX, NDSN, NE, NHC, NLR, NMIH, NOC, NOW, NR, NS, NSC, NSIT, NSS, NTAP, NTB, NTNX, NTRS, NUE, NVMI, NVT, NXE, NXT, NYT, O, OC, OEC, OFG, OKE, OMC, ORLY, OSIS, OSK, OTIS, OTTR, PAA, PAGP, PANW, PARR, PATH, PAX, PAY, PAYX, PBA, PBR/A, PCAR, PDD, PFG, PFGC, PG, PGR, PINS, PKG, PLMR, PLTR, PNC, POWL, PPG, PPL, PR, PRDO, PRI, PRU, PSX, PTC, PWSC, QLYS, QSR, QTRX, RBA, RBC, RDY, REG, REGN, REVG, RGA, RHI, RHP, RJF, RL, RNR, ROAD, ROK, ROL, ROP, ROST, RPM, RS, RSG, RTX, SAIC, SAP, SBAC, SCHW, SCS, SEDG, SEE, SFM, SHEL, SHW, SLV, SMAR, SN, SNOW, SNX, SO, SOVO, SPOT, SPXC, SRE, SRUUF, SSD, STLA, STLD, STN, STNE, STT, SUN, SWK, SXC, SYF, SYK, T, TAP, TBBK, TDY, TFX, TGT, TIPT, TMUS, TNET, TNK, TRAK, TRGP, TRIN, TRMB, TRNS, TRV, TS, TTE, TW, UBS, UEC, UHS, ULTA, UNH, UNP, URA, URG, URNJ, URNM, USB, V, VICI, VIST, VLO, VLTO, VMC, VNOM, VOYA, VRNS, VRRM, VRSK, VRT, VRTX, VSEC, VST, VTR, VTS, VZ, WAT, WDAY, WDC, WDO.TO, WELL, WES, WFC, WM, WMG, WOR, WRB, WRK, WSM, WSO, WTFC, WTS, WWD, XEL, XYL, ZION

 

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 – 2023-11-30.xlsx

AAWH/U.CA, ABX.TO, ACO/X.TO, ACT.CA, AD/UN.TO, ADW/A.TO, AEM.TO, AGI.TO, AIM.TO, AKE.TO, AKT/A.TO, ALA.TO, ALC.TO, ALLI.NE, AMC.TO, APR/UN.TO, ARCH.V, ARE.TO, ARG.TO, ARR.TO, ARTG.V, ASTL.TO, ATS.TO, ATZ.TO, AYR/A.CA, BDGI.TO, BDI.TO, BDT.TO, BEI/UN.TO, BEP/UN.TO, BGI/UN.TO, BITF.TO, BMO.TO, BNE.TO, BNS.TO, BPF/UN.TO, BRAG.TO, BRW.V, BTB/UN.TO, BTO.TO, CAD.V, CAR/UN.TO, CAS.TO, CCO.TO, CG.TO, CHP/UN.TO, CJP.NE, CKG.V, CL.CA, CM.TO, CMG.TO, CNC.V, CNE.TO, CNQ.TO, CNR.TO, CP.TO, CRDL.TO, CRM.NE, CRON.TO, CSH/UN.TO, CUR.V, CVE.TO, CWB.TO, DFN.TO, DGS.TO, DNG.TO, DOL.TO, DPM.TO, EDV.TO, EFN.TO, ELD.TO, ENB.TO, EQB.TO, EQX.TO, ETHC.NE, EU.V, FC.TO, FCR/UN.TO, FCU.TO, FFH.TO, FIL.TO, FISH.V, FR.TO, FTG.TO, GASX.V, GLO.TO, GMIN.V, GSY.TO, GTII.CA, GWO.TO, H.TO, HBM.TO, HITI.V, HOM/UN.TO, HPS/A.TO, IAG.TO, IFOS.V, INO/UN.TO, IPCO.TO, ITR.V, IVN.TO, KEY.TO, LB.TO, LBS.TO, LIF.TO, LUN.TO, MAL.TO, MDI.TO, MFC.TO, MI/UN.TO, MKO.V, MRG/UN.TO, MVP.TO, MX.TO, NGD.TO, NPI.TO, NTMC.CA, NWC.TO, NXE.TO, OBE.TO, ONEX.TO, ORL.TO, OSI.V, PFE.NE, PKI.TO, PMET.V, PMZ/UN.TO, PPL.TO, PRU.TO, PSI.TO, PSLV.TO, PTI/UN.TO, PTM.TO, PXT.TO, QSR.TO, RBA.TO, RET/A.V, RUP.TO, RUS.TO, RY.TO, SES.TO, SIL.TO, SKE.TO, SLF.TO, SOY.TO, SRU/UN.TO, STLC.TO, STN.TO, SU.TO, SVM.TO, T.TO, TA.TO, TFII.TO, TFPM.TO, THNC.TO, TNZ.TO, TRP.TO, TRUL.CA, TUD.V, TUO.V, TXG.TO, U/UN.TO, URC.TO, URE.TO, VHI.TO, VLE.TO, VNP.TO, VZ.NE, VZLA.V, WCN.TO, WDO.TO, WSP.TO, WUC.CA, X.TO, XTC.TO, ZTS.NE

 

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