Notice: The Daily Report is provided for informational and educational purposes only and is not intended to be used as a stock-picking service or as financial advice. The charts and accompanying research are designed to support your analysis, serving as indicators rather than direct recommendations to buy or sell any security. The creator assumes no responsibility for actions taken by readers and strongly encourages individuals to fully understand the associated risks and potential outcomes before making investment decisions. Please note that any charts and/or information are intended to aid in research and should not be considered a definitive part of your personal trading strategy. Not all charts will lead to actionable buy or sell signals at any given time. Individuals should consider consulting a qualified financial advisor before making any investment decisions.
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.
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 Rally as Labor Market Softens and Rate Cut Bets Rise
U.S. equities advanced broadly on Thursday as investors positioned ahead of the August jobs report, with softer labor market data reinforcing expectations for imminent Federal Reserve easing. Weekly jobless claims climbed to 237,000, while the ADP report showed just 54,000 private payroll additions, both weaker than anticipated. Futures markets priced in a near-certainty of a September rate cut, with traders also boosting odds of multiple cuts into year-end. Treasury yields retreated, with the 10-year yield sliding to 4.17%, its lowest level since April. The 2-year yield fell to 3.59%, extending a week-long decline. The U.S. dollar edged modestly higher despite weaker data, as investors squared positions ahead of Friday’s payrolls report, but it is lower after hours.
10-Year US Treasury Yield – Daily Chart
US Dollar – Daily Chart
Breadth & Major Index Charts
Market breadth improved as advancing issues outnumbered decliners across both the NYSE and Nasdaq, signaling stronger participation after recent consolidation. The S&P 500 gained 0.8%, closing at a record high, while the Nasdaq Composite rose 1% and the Dow Jones Industrial Average advanced 350 points (0.8%). The Russell 2000 added 1.3%, pushing closer to 2025 highs. Breadth indicators reflected positive internals, with most sectors advancing and volume expanding on the NYSE.
S&P 500 – Daily Chart
Nasdaq – Daily Chart
Dow Jones Industrial Average – Daily Chart
Russell 2000 (ETF) – Daily Chart
TSX Recap
The TSX Composite Index rose 0.6% to another record close at 28,915.89, extending its winning streak to seven sessions—the longest since May. Gains were led by technology, with Descartes Systems Group (DSG.TO) surging more than 7% after exceeding revenue forecasts. Financials and real estate also contributed, while energy remained supported by higher gold-linked miners. The Canadian 10-year yield slipped to 3.34%, reflecting easing rate expectations alongside U.S. markets.
TSX – Daily Chart
Crypto Surge
Cryptocurrencies traded lower after Nasdaq tightened oversight of listed digital-asset treasury companies, requiring shareholder approval before issuing new shares to fund crypto purchases. The announcement pressured related equities: MicroStrategy (MSTR) finished down 0.9%, BitMine Immersion Technologies (BMNR) fell 6.0%, and SharpLink Gaming (SBET) declined 8.3% as investors reassessed governance and dilution risk tied to crypto-heavy balance sheets.
The weakness extended across major tokens, with Bitcoin (BTC) down 0.9%, Ethereum (ETH) lower by 3.3%, and Solana (SOL) off 3.9% into the close, reflecting a broad risk reset alongside the new oversight framework. However, many are green after hours.
Bitcoin – Daily Chart
Ethereum – Daily Chart
Solana – Daily Chart
Commodity Watch
Commodities were mixed as macro crosscurrents shaped trading. Crude oil futures fell for a second straight session, with WTI settling at $63.34 per barrel and Brent at $66.99, pressured by rising U.S. inventories and speculation OPEC+ may lift output targets. Copper softened in line with global growth concerns, while gold and silver eased slightly after touching record levels, with gold holding near $3,543 per ounce.
Crude Oil – Daily Chart
Gold – Daily Chart
Silver – Daily Chart
Sector & Thematic Movers
All but one of the 11 S&P 500 sectors finished higher, led by consumer discretionary and communication services. Amazon (AMZN) and Netflix (NFLX) advanced sharply, boosting discretionary stocks. Technology remained firm with Broadcom (AVGO) climbing ahead of earnings, while Micron Technology (MU) jumped 4.6% on renewed semiconductor momentum. Utilities lagged as yields declined. The Financial Select Sector SPDR (XLF) gained 1.05%, while the SPDR S&P Homebuilders ETF (XHB) surged 3.2%.
Stock Movers
Single-name action was active. Amazon (AMZN) surged 4.3%, supported by its AI initiatives and steady e-commerce performance. Netflix (NFLX) rose 2.6%, regaining technical momentum, while Shopify (SHOP) added 3.5% in Toronto trading. Robinhood (HOOD) gained 2.1% as it consolidated above key averages. Broadcom (AVGO) edged higher after hours on earnings and a $10 billion AI chip order. In Canada, NuVista Energy (NVA.TO) and Brookfield (BN.TO) consolidated near breakout structures, while Hydreight Technologies (NURS.V) continued to make fresh highs.
Options & Insider Flow
Options markets reflected strong bullish positioning. Heavy put selling dominated Eli Lilly (LLY), with over $137 million in premium collected, reinforcing confidence in price stability. Substantial call buying drove flows in BlackRock (BLK), Alphabet (GOOG/GOOGL), and Amazon (AMZN). Intuit (INTU) and Etsy (ETSY) also saw notable put selling. Unusual trades included aggressive out-of-the-money call buying in Eaton (ETN), iShares Ethereum Trust ETF (ETHA), and Robinhood (HOOD), all flagged as new institutional positioning.
Insider activity was mixed. Large purchases were reported at Resideo Technologies (REZI) and Triplepoint Venture Growth (TPVG) in the U.S., while Canadian insiders added to positions in Atlas Engineered Products (AEP) and Cardinal Energy (CJ). On the sell side, Microsoft (MSFT) CEO Satya Nadella disposed of more than $70 million in stock, while Shopify (SHOP) executives sold shares totaling over $2.6 million.
Small-Cap Spotlight
Small caps rebounded strongly, with the Russell 2000 advancing 1.3%. Action highlighted speculative appetite in biotech and technology. Affirm (AFRM) and Reddit (RDDT) both featured unusual options activity, reflecting heightened institutional positioning. In Canada, small-cap momentum continued with Anaergia (ANRG.TO) and Hydreight Technologies (NURS.V) extending their rallies, underscoring speculative strength in niche growth names.
Conclusion
Markets closed near record highs as weakening labor data bolstered expectations for a September rate cut. Breadth strengthened, with gains across major indexes and leadership in discretionary, technology, and financials. The TSX extended its streak of record closes, supported by technology and financials, while commodities reflected mixed signals from energy weakness and precious metals resilience. Options flow and insider activity suggested continued bullish sentiment, particularly in large-cap technology and healthcare. With Friday’s August jobs report looming, investor focus turns to whether labor softness confirms the path for aggressive policy easing into year-end.
“Great momentum setups fail too. Risk management is what lets you take the next one.”
Now, onto the daily setups.
US Daily Setups
A – Agilent Technologies, Inc.
Agilent Technologies is attempting to break out from a bottoming pattern. Watch to see if price action can clear resistance.
AFRM – Affirm Holdings Inc.
Affirm is attempting to break out from the right side of a base.
AMZN – Amazon.com, Inc.
Amazon is setting up on the right side of a base. Monitor for upside momentum that may suggest a continuation of the uptrend.
CMPS – Compass Pathways Plc
Compass Pathways is setting up on the right side of a bottoming base. Monitor for continued momentum that may lead to a breakout. Take note of the bullish volume profile, which suggests accumulation from the end of June until now.
ETN – Eaton Corp.
Eaton appears to be setting up in the form of a bullish flag retest. Monitor for upside momentum that may lead to a breakout.
HOOD – Robinhood Markets Inc.
Robinhood is consolidating in the form of a potential bullish flag. Watch for a directional break.
MU – Micron Technology, Inc.
Micron Technology appears to be consolidating in the form of a potential continuation pattern. Watch for upside momentum that may lead to a breakout.
RDDT – Reddit Inc.
Reddit is attempting to break out from a bullish flag retest of the recent breakout line. Monitor to see if price action can begin or continue trending above its upward-sloping moving average.
RIG – Transocean, Inc.
Transocean appears to be setting up on the right side of a potential bottoming pattern. Watch for upside momentum.
SCHW – Charles Schwab Corp.
Charles Schwab is attempting to move higher from a continuation pattern.
TSLA – Tesla Inc.
Tsla is setting up near the apex of a triangle. Monitor for signs of upside momentum that may lead to a breakout.
U – Unity Software Inc.
Unity Software is setting up below its recent high. Monitor for momentum.
XHB – SPDR S&P Homebuilders ETF
The Homebuilders ETF is the setup we have been sporadically posting, with price action moving higher from its bottoming pattern. It is now attempting to push higher from another bullish flag, this time below significant horizontal resistance. Monitor to see if price action can break above. Take note of the bullish volume profile that began in early July, showing accumulation throughout this run, as many of the spikes in bullish volume have been substantial.
XLF – Financial Select Sector SPDR Fund
The Financials ETF continues to see positive price action as it sets up for another potential high.
LINK TO CHART – https://schrts.co/tsptaKSp
Canadian Daily Setups
ANRG.TO – Anaergia Inc – Ordinary Shares (Sub Voting)
Anaergia continues to be the gift that keeps on giving.
ATH.TO – Athabasca Oil Corporation
Athabasca Oil is consolidating below horizontal resistance and above its upward-sloping moving average. Monitor to see if the moving average can help price action push through horizontal resistance.
BN.TO – Brookfield Corp.
Brookfield appears to be setting up on the right side of a base with the PPO momentum indicator crossing. Monitor for breakout signals.
CHP/UN.TO – Choice Properties REIT
Choice Properties showed up on the scanner results yesterday and posted more positive price action today, supported by increased volume. Monitor for a breakout as the PPO momentum indicator starts to cross above the zero line.
CSH/UN.TO – Chartwell Retirement Residences
Chartwell Retirement is now starting to push above the horizontal resistance highlighted last night. Monitor to see if a trend can develop above its upward-sloping moving averages.
FTT.TO – Finning Intl, Inc.
Finning is consolidating in the form of a potential bullish flag. Monitor for upside momentum.
NURS.V – Hydreight Technologies Inc.
Hydreight Technologies has just reached a new high as price action trends above its upward-sloping moving average, in line with the system rules highlighted at the top of each report since the initial breakout signal.
NVA.TO – NuVista Energy Ltd.
NuVista Energy is consolidating toward the apex of a bullish pennant or symmetrical triangle. Monitor for breakout signals.
SHOP.TO – Shopify Inc.
Shopify is attempting to move higher from a bullish flag.
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
(Stocks are sorted to highlight those with the strongest momentum at the time of the scan)
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.
DLTH, SUPX, AEO, SOGP, AQST, NKTR, CIEN, SCVL, OPEN, SPWH, MLYS, RAPT, TSHA, LDI, LUCD, VSTM, DBI, TDUP, CHCI, MAX, COE, CGTX, BORR, NUVB, CMPS, HIMS, COHR, SCLX, TMQ, CGON, DENN, TVTX, GEOS, CRDO, KALV, AMPG, FN, AEHR, ANTE, HOV, RKT, COOP, NNBR, PTON, LE, GCO, BHR, BRC, ALAB, ENTX, UAMY, LUXE, HYMC, MTH, ATRO, BOOT, OPRX, JELD, NVRI, ONDS, GAP, DGICA, SFIX, HVT, TROW, TVRD, LITE, DKS, WSM, OPY, REVG, FULC, SHLS, STRL, PGY, NC, WDC, CTRN, MGTX, LUMN, SVV, POWL, XMTR, FOSL, RDNW, HURN, ZUMZ, SATS, PESI, AFRM, SHIP, ARRY, BLDR, TNYA, CECO, VSTA, IMTX, PSNL, AMWD, ILPT, NGL, REAL, IESC, ROAD, SE, CRC, CCS, CLMB, TEX, AGX, ELTX, VITL, TSAT, BE, PVH, DXPE, BZH, MU, ODC, EM, TRIP, RNGR, ACIC, CLS, ETD, TILE, GILT, PTCT, UFCS, AUPH, XPRO, CSL, KOPN, W, NB, EXAS, STX, SOUN, CCCC, GIFI, AMZN, BKE, FET, PWP, ADTN, CTRI, OII, VPG, FMCC, CYRX, ESPR, OLLI, ATEC, CALX, CVCO, TREE, RDDT, DHC, FEIM, GALT, CHRS, OSCR, XPO, FUL, GRBK, SMG, ZGN, INVX, TMHC, UWMC, GIL, HOUS, INN, LTH, STRT, LEG, GENI, MHO, NESR, PENG, RBBN, PKE, MHK, PEN, UI, WEX, OPRT, CXDO, FTI, GPC, ROG, PCH, SOFI, JOYY, BELFB, FENC, GRAL, KSS, FERG, HBI, RMNI, NE, SHOP, MG, BKTI, KBH, BLZE, FNMA, EGY, AZZ, SMTC, CIM, POWW, OPFI, APA, METC, SLM, ADCT, TPC, LAZ, FIX, WOOF, BLFS, COMP, EXTR, SITC, NGS, TOL, CWK, EVER, QUAD, CAAS, GPRE, PHM, OIH, DFH, LAW, IRTC, HLI, SITE, ITIC, KN, OVV, ERJ, DOUG, SGHC, NPKI, PLUS, SMFG, FTAI, NXT, PJT, REX, TKR, HFWA, INGN, LEN/B, ALNT, CPRI, METCB, CWCO, PNR, ITB, THC, NMRK, LEN, LFCR, MPAA, DNOW, LOB, BC, BKR, MDB, HAYW, HWM, LASR, BBY, IIIN, SANM, SPRO, ZWS, SEDG, VOYA, CIGI, NYAX, BLD, ENVA, PIPR, RYTM, RTO, MSB, OCFC, UNFI, CRD/A, VEON, SUI, EMR, FLEX, IONQ, ANET, BURL, U, CRSR, ELF, LRCX, SN, VICR, ASTE, NVT, MLKN, RJF, BAYRY, ECG, REXR, SWIM, CNXN, STEP, ACA, SITM, LMAT, GRAB, DHI, CBNK, MGRC, BBVA, CVBF, MWA, TCI, A, DEI, APP, BBUC, VAL, GMRE, RUSHA, BLTE, CPS, PTGX, NFLX, STKL, INTC, SYNA, GHC, NTGR, PHR, DSGN, XHR, AGNC, GS, LPTH, MTUS, NPK, PEB, TCBX, SGI, UVE, UPRO, JHG, MPWR, ATLC, CMC, MUFG, TCOM, AIT, CBU, USPH, ACRE, CG, GVA, VCTR, AN, DORM, LEGH, WTBA, ETON, MCY, MD, STC, TEM, RCKY, FSS, WGS, GIC, AMBA, CDTX, CMCL, RL, DAKT, PLOW, RMBS, DXCM, EQH, HST, JLL, SBCF, III, MMM, ODD, AENT, GE, JOE, HCI, PAHC, TBPH, DTEGY, FHTX, MAS, CHEF, ESI, CARG, HQY, UHS, ASML, COF, WDH, ABCB, CMI, BANF, DLX, DHCNI, GNTY, GRC, JBGS, VC, BCS, IRMD, RYN, VBTX, WTFC, CVNA, FOLD, GTES, GTN, PFSI, C, FER, INDB, NUS, LYTS, MLI, SNA, AXP, PHG, SONO, AYI, CIVB, EME, QCOM, SSB, BFIN, LIF, SIMO, DD, MC, NET, SB, BDC, GPI, NTB, NWBI, CCBG, CIB, DDS, BXP, MEG, NATL, ABUS, BGC, DCOM, BWB, HOMB, NTAP, VSAT, BRBS, CFFN, FOA, LC, ATMU, MYE, QURE
Canadian Scanner Results
(Stocks are sorted to highlight those with the strongest momentum at the time of the scan)
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
SCOT.V, NURS.V, CNE.TO, BDT.TO, GGA.V, PSIL.CA, TMQ.TO, BLM.V, ANRG.TO, THX.V, DSG.TO, APXC.CA, TDG.V, MX.TO, MFG.V, MSA.TO, CAD.V, VBNK.TO, MU.NE, CLS.TO, EMO.V, ACQ.TO, AMZN.NE, AMZN.TO, GIL.TO, RAY/A.TO, ECN.TO, VNP.TO, SHOP.TO, GG.V, LULU.NE, ALV.V, BBU/UN.TO, AGF/B.TO, QBR/B.TO, OVV.TO, IDEX.V, ADW/A.TO, BMM.V, PIC/A.TO, AAV.TO, FTN.TO, SGD.V, GRID.TO, TUO.V, LNR.TO, NFLX.NE, DHT/UN.TO, ARE.TO, LIRC.TO, SOY.TO, BBUC.TO, INTC.NE, ONEX.TO, ECO.TO, BEPC.TO, SCR.TO, BYD.TO, FTG.TO, BN.TO, CJ.TO, KPT.TO, BNT.TO, PIF.TO, KRY.V, SJ.TO, DCBO.TO, ASML.NE, NANO.TO, MRE.TO, WFG.TO, TOI.V, ATS.TO, FSV.TO, OTEX.TO, IGM.TO, TECT.V, AP/UN.TO, ENGH.TO, BLN.TO, MTL.TO, TFII.TO, ATRL.TO, ATH.TO, META.NE, META.TO, MVRS.NE, BTB/UN.TO, MAE.V, WPK.TO, REAL.TO, SOIL.TO, FTT.TO, MFC.TO, RML.V, WMT.NE, BMO.TO, HME.V, CSH/UN.TO, SOMA.V, CBK.CA, FDY.TO, CGO.TO, DFY.TO, TRZ.TO, SGR/UN.TO, BDI.TO, ATZ.TO, III.TO, SPB.TO, RBA.TO, TSLA.NE, TSLA.TO, DIS.NE, IFP.TO, OBE.TO, FC.TO, CRDL.TO, BNS.TO, PSI.TO, LB.TO, LUG.TO, AVGO.NE, NPI.TO, POU.TO, BIPC.TO, FWZ.V, CM.TO, MATR.TO, EFX.TO, AI.TO, FSZ.TO, CAS.TO, MEG.TO, BRK.NE, BRK.TO, AFM.V, CIA.TO, SBC.TO, MG.TO, OR.TO, NWC.TO, GSY.TO, TCL/A.TO, AIM.TO, CRT/UN.TO, DOL.TO, RCH.TO, MFI.TO, NVA.TO, IAG.TO, DBM.TO, DIR/UN.TO, PSK.TO, CHP/UN.TO, CVO.TO, FTS.TO, WCP.TO, SIS.TO, AD/UN.TO, FRU.TO, NG.TO, WJX.TO, NKE.NE, ATD.TO, ATD/A.TO, CNQ.TO, GOOG.NE, GOOG.TO, FCR/UN.TO, BTE.TO, SAP.TO, KXS.TO, SOBO.TO, WSP.TO, BEI/UN.TO, STN.TO, AAPL.NE, AAPL.TO, ABX.TO, DOO.TO, CCL/B.TO, EFL.TO, ELVA.TO, CKG.V, DIV.TO, FFN.TO, ADEN.TO, TF.TO, CGX.TO, LBS.TO, SSRM.TO, EFN.TO, REI/UN.TO, URE.TO, FN.TO, KMP/UN.TO, MHC/U.TO, PMEI/UN.TO, SII.TO, ALA.TO, CNR.TO, DNG.TO, SRU/UN.TO, PMZ/UN.TO, RY.TO, WPM.TO, NGD.TO, HR/UN.TO, NGEX.TO, PPL.TO, TIXT.TO, WN.TO, BK.TO, PKI.TO, ITR.V, AX/UN.TO, GWO.TO, CEU.TO, CRR/UN.TO, RS.TO, TIH.TO, KNT.TO, CVE.TO, FNV.TO, DF.TO, DFN.TO, AYA.TO, DGS.TO, EIT/UN.TO, NXR/UN.TO, AND.TO, EDV.TO, CAR/UN.TO, SU.TO, ELF.TO, GOOS.TO, SSL.TO, POW.TO, AIF.TO, IMO.TO
