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SYS Daily Report
Investors Brace for ‘Liberation Day’ Tariff Unveiling as Indices Attempt Rebound
Stocks Rebound Amid Jitters Ahead of Tariff Announcement
U.S. markets staged a cautious recovery on Tuesday as investors positioned themselves ahead of Wednesday’s anticipated tariff announcement from President Donald Trump, dubbed “Liberation Day.” The Nasdaq Composite led the charge, climbing 0.9% and snapping a four-day losing streak in a choppy session marked by intraday volatility. The S&P 500 followed with a 0.4% gain, while the Dow Jones Industrial Average slipped slightly, falling 12 points, or less than 0.1%.
Nasdaq – Daily Chart
S&P 500 – Daily Chart
Dow Jones Industrial Average – Daily Chart
The bounce was supported by a renewed advance among the Magnificent Seven tech names, including a 3.6% gain in Tesla (TSLA) stock. Meta Platforms (META) remains the only member of the group trading above its 200-day moving average, reflecting the broader sector’s challenges. Breadth was mixed, with Nasdaq advancers narrowly outpacing decliners and NYSE breadth slightly more positive at a 17-to-10 ratio in favor of advancing stocks.
The Red-Light/Green-Light Breadth System
Markets Prepare for ‘Liberation Day’ and Tariff Clarity
Investor sentiment remains guarded ahead of President Trump’s scheduled unveiling of reciprocal tariffs at 4 p.m. ET Wednesday. The initiative aims to target foreign duties on U.S. exports but lacks clarity on scope, leaving markets susceptible to sharp moves depending on the final details. While initial reports suggest potential easing of some tariff levels, sectors from automotive to pharmaceuticals could be affected. A 25% auto tariff already announced in March is expected to take effect on April 3, and a temporary suspension of tariffs on Canadian and Mexican goods is set to expire shortly thereafter.
Fears of a trade war have already dented investor confidence. The S&P 500 is down 8.3% from its highs, while the Nasdaq has lost nearly 14% from its recent peak. Small-cap stocks and semiconductors have been particularly hard-hit, reflecting worries that rising trade barriers could stifle economic momentum.
Economic Data Reinforces Stagflation Concerns
Economic reports added to the tension. The March ISM Manufacturing Index dipped below the key 50 level, signaling contraction, with a steeper decline in new orders and a rise in price pressures—potentially an early sign of tariff impact. Meanwhile, the JOLTS job openings report showed weaker-than-expected labor demand. These data points fueled stagflation worries—slowing growth paired with persistent inflation—which weighed on sentiment.
The 2-year Treasury yield declined to 3.86%, and the 10-year yield tumbled to 4.16%, marking its lowest close since December. Over the past three sessions, the 10-year yield has dropped 21 basis points, reflecting a shift into safer assets amid macro uncertainty.
10-Year US Treasury Yield
Tesla in Focus Ahead of Delivery Numbers
Tesla (TSLA) was a standout in Tuesday’s trade, rising 3.6% ahead of its first-quarter delivery report, which is expected before the open Wednesday. Analyst consensus pegs Q1 deliveries at approximately 377,592 units, down from 386,810 a year earlier. Some forecasts dip as low as 355,000. Sales have weakened in the U.S. and Europe, but remain more resilient in China, where recent data showed a 2% year-over-year increase in local deliveries.
While Tesla was turned away at its 200-day moving average last week, the stock has attempted to rebound, though it remains one of the S&P 500’s biggest laggards in 2025. Chinese competitors XPeng (XPEV) and Xiaomi (XIACY) reported strong Q1 figures, while BYD (BYDDF) appears poised to overtake Tesla in global battery electric vehicle (BEV) deliveries.
TSLA – Daily Chart
Rally Attempt Underway but Resistance Looms
Tuesday marked day two of a new rally attempt following Monday’s intraday reversal off six-month lows. Though the action has shown some resilience—especially from large-cap tech—technical resistance remains significant, especially near key moving averages.
Market watchers now await a potential follow-through day, which could arrive later this week and signal institutional support for the rally. However, given recent “pop-and-drop” behavior and lingering macro risks, traders remain hesitant. There are few actionable technical setups, and many recent leaders—such as Palantir Technologies (PLTR) and Dutch Bros (BROS)—have broken down in high volume.
Flight to Defensive Assets and Sector Rotation
With growth stocks under pressure, investors have rotated into traditionally defensive sectors. Gold, biotech, insurance, and real estate investment trusts (REITs) have seen inflows. Among ETFs, the ARK Innovation ETF (ARKK) gained 0.5%, while ARK Genomics ETF (ARKG) slumped 2.7%. The VanEck Semiconductor ETF (SMH) rose 0.5%, and the iShares Expanded Tech-Software Sector ETF (IGV) advanced 1.5%.
The SPDR S&P Metals & Mining ETF (XME) dipped 0.1%, while the Energy Select SPDR ETF (XLE) rose 0.6%. Health Care (XLV) gave up 1.8%, and the Industrial Select Sector SPDR (XLI) gained 0.6%, bolstered by strength in GE Aerospace (GE). Financials lagged slightly, with XLF down 0.1%.
TSX Advances as Traders Remain Cautious
Canada’s TSX Composite Index rose for a second consecutive session, gaining 115.78 points or 0.5% to close at 25,033.28. Gains in energy (+0.7%), technology (+0.8%), and utilities (+0.8%) helped lift the index. However, market participation remained subdued ahead of the U.S. tariff announcement.
First Quantum Minerals (FM.TO) surged 4.9% after the company ended arbitration proceedings with Panama, while Rogers Communications (RCIb.TO) sank 5.9% to its lowest level since June 2012, following analyst downgrades from UBS and Scotiabank.
Canadian bond yields declined following a deeper-than-expected contraction in March manufacturing data. Political uncertainty also looms, with Prime Minister Mark Carney and opposition leader Pierre Poilievre both vowing to bolster economic growth amid U.S. trade tensions.
TSX – Daily Chart
Awaiting Confirmation and Clarity
The stock market is teetering between cautious optimism and macro-driven anxiety. While a rally attempt is underway, the lack of strong technical setups and looming uncertainty over the scope of Trump’s tariffs are keeping investors sidelined. Bond markets are signaling fears of stagflation, and key economic data—such as Friday’s March jobs report—could further sway sentiment.
In the meantime, building watchlists, preserving capital, and waiting for stronger signals—such as a follow-through day with new leadership—remain prudent strategies. The coming sessions, particularly after “Liberation Day,” will offer clearer insight into whether the current rebound has real staying power or is just another fleeting bounce in a correction.
“Focus on protecting what you have. Gains will take care of themselves.” – Mark Minervini
Now, onto the daily setups.
US Daily Setups
HCA – HCA Healthcare, Inc.
HCA Healthcare is continuing its attempt to break out from a bottoming pattern. A successful move above resistance could signal the start of a sustained recovery.
LINK TO CHART – https://schrts.co/SiAxBuQq
HUT – Hut 8 Mining Corp.
Hut 8 Mining is testing a key level of support as the PPO momentum indicator moves higher from a deep crossover. This shift in momentum could signal the early stages of a potential rebound.
LINK TO CHART – https://schrts.co/fUvgdbAU
LOAR – Loar Holdings Inc.
Loar Holdings is positioning itself just below a significant horizontal resistance line. A breakout above this level could signal a shift in momentum and open the door for continued upside.
LINK TO CHART – https://schrts.co/KrYIFsgT
PPC – Pilgrims Pride Corp.
Pilgrims Pride is attempting to break out from the right side of a significant multi-month base. A confirmed move higher could mark the beginning of a new uptrend.
LINK TO CHART – https://schrts.co/WDcxkveQ
RCAT – Red Cat Holdings Inc.
Red Cat Holdings is positioning itself just below a horizontal resistance line. Monitor for a potential push higher, but note that price action must also clear a secondary resistance level above to confirm a continuation of the uptrend.
LINK TO CHART – https://schrts.co/rytpTubt
ULS – UL Solutions Inc.
UL Solutions is setting up on the right side of a significant multi-month IPO-style base. A breakout from this structure could signal the start of a new bullish phase.
LINK TO CHART – https://schrts.co/nSPqvBxB
Canadian Daily Setups
CNQ.TO – Canadian Natural Resources Ltd.
Canadian Natural Resources is consolidating within a multi-month falling channel, with price action positioning just below the upper trendline and horizontal resistance. Monitor for potential breakout signals as the PPO momentum indicator pushes above the zero line, suggesting increasing strength.
LINK TO CHART – https://schrts.co/keVkfTrn
HUT.TO – Hut 8 Mining Corp
Hut 8 Mining is testing a key level of support as the PPO momentum indicator moves higher from a deep crossover. This shift in momentum could signal the early stages of a potential rebound.
LINK TO CHART – https://schrts.co/kEeWhjNb
KEI.TO – Kolibri Global Energy Inc.
Kolibri Global Energy is seeing robust volume as price action attempts to move higher from a continuation pattern. This surge in activity could signal growing conviction behind the move.
LINK TO CHART – https://schrts.co/PMnupCed
LMN.V – Lumine Group Inc.
Lumine Group continues to position itself above a horizontal support level and the upper trendline of a consolidation and continuation pattern. This constructive price action suggests the potential for continued upside if support holds.
LINK TO CHART – https://schrts.co/mAEWGUfi
NCI.V – NTG Clarity Networks Inc.
NTG Clarity Networks appears to be setting up on the right side of a significant multi-month consolidation area.
LINK TO CHART – https://schrts.co/inUSBpjz
SLF.TO – Sun Life Financial Services of Canada, Inc.
Sun Life Financial is attempting to push above a key level of horizontal resistance. A confirmed breakout could open the door for further upside.
LINK TO CHART – https://schrts.co/KutBSQjW
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.
EXPORT – US Watchlist Scan – 2025-04-01
NUTX, MVST, MATH, CLPT, RCAT, LFVN, MNDY, FMCC, NPCE, RIVN, MSTR, BBW, EZPW, DUOL, GNE, FINV, TREE, XNET, EGO, RBLX, COOP, CAKE, FNMA, MPTI, ODD, VCTR, SGI, RDFN, TLN, RUSHA, ESAB, RL, PDEX, ACIW, UNIT, IDR, ENVA, BAP, GRND, NTES, IBEX, PDD, NRG, PPC, ZLAB, RDVT, MP, YELP, CYBR, GFI, CRESY, CHWY, CIB, LLYVA, EPAC, COKE, PAHC, ARMN, ONDS, ASPI, TGS, GPOR, BN, CANE, AZZ, OVV, ULS, WWD, HG, IDT, AGX, GEO, CVRX, PINE, BEPC, RDN, LPLA, NGVC, KNTK, DBA, HMY, CNM, SNCR, KDP, LOPE, EWW, TPL, HLF, EFXT, LRN, MAIN, HURN, SKWD, MFC, DE, BKR, PRVA, REVG, AAMI, IRMD, LINC, ACI, GE, EQNR, LQDT, DBX, BTG, CBL, ARIS, BKNG, LAUR, SFM, YUMC, TGNA, CVNA, DTM, EXPD, AGRO, HLI, ANIP, HWM, CNP, MTG, HSII, VSEC, CASY, SE, AM, GHC, BOX, LOMA, SLF, EVER, GLRE, TTWO, ELMD, WMB, CASH, NOK, ATGE, DPZ, CHEF, TRGP, FNF, CHKP, EXE, URBN, SJT, FAF, EAT, PRI, KMX, CNX, EXLS, VALE, AR, DERM, TDS, WMT, LENZ, PBA, PEG, XPEV, INGR, CTAS, AFL, GOLD, HEI, VIRT, CURI, IAG, ITRI, PAYC, CPRT, LYV, KYN, CM, PLMR, BERY, CCK, TIGR, PFGC, DM, MRX, ORI, TDG, VTS, LKQ, STN, CTVA, YUM, HES, TYG, WM, AU, DMB, CPAY, BR, BBSI, PFG, BRBR, COST, UNFI, BBD, NN, MNST, TS, AROC, TLT, AIZ, BOW, CORN, DRI, AMT, SLM, EQT, PBR, EOG, MEGI, OTIS, PTA, USM, DB, EA, HON, QSR, CNO, IMO, USFD, FDP, JKHY, SBS, USAC, NFG, NI, GEL, SNA, TJX, ET, TRI, VTR, BBVA, CVX, ITA, RRC, HEI/A, T, TORXF, TMUS, BJ, IBM, SKT, TFPM, RELY, KR, POST, TPB, UNM, WSO, CHTR, PAA, PPTA, RSG, SR, UFCS, CI, KMPR, ROL, TAP, WELL, EMO, GCMG, ARCC, CTRA, NWG, XLE, IGIC, KMB, THG, IP, LBRDK, SATL, CALM, INFL, TYL, FI, HIG, NCDL, SPGI, TGLS, TPZ, FDS, RELX, PAGP, SRAD, SYY, FSM, IPI, RLI, GBDC, RGLD, PGR, VRSN, ABEV, AB, MCD, SOLV, UNP, EQH, HESM, HTD, FHI, IDE, OGE, BABA, BSX, CCI, G, ITUB, SLRC, BNL, CHRW, COP, DOLE, KMI, KO, TME, CVS, D, LNTH, POR, ZTR, ADP, VRSK, GDDY, MSCI, BHF, CELH, GL, LIN, AXS, BXMX, ECL, KNSL, NLOP, RTX, VPLS, OKE, SYK, AEE, WLDN, ADT, PHX, XLU, HTHT, MPLX, ATO, EPD, SPG, ALL, NOC, VCRB, ETR, FXY, GENI, GRMN, L, PAYX, ROP, SBAC, CBRE, CNA, AER, CCEP, EHC, SBRA, WES, YMM, CSCO, ING, XLP, MD, MDU, TDY, TKO, LNT, EBAY, MCK, EVRG, HE, RS, SJM, XOM, BRK/B, FAST, PG, AGI, DXD, MA, RBA, XLRE, CRK, DGX, ERC, HCA, TSCO, CMS, VZ, PNW, TRV, NEM, SII, AZO, BFAM, BOXX, GSHD, K
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 – 2025-04-01
HUT.TO, MMET.CA, JET.NE, HCU.V, NCI.V, HAN.V, TOT.TO, MFL.V, TSU.TO, KEI.TO, RUP.TO, AVNT.TO, DLCG.TO, FM.TO, NGEN.V, PRL.TO, PRL/R.TO, TTNM.TO, ELD.TO, LMN.V, CVO.TO, SVI.TO, NURS.V, GSY.TO, ARIS.TO, PNP.TO, TCW.TO, COP/UN.TO, FFH.TO, SGR/UN.TO, MRT/UN.TO, ODV.V, CSW/A.TO, ONEX.TO, SFC.TO, SDE.TO, RCH.TO, CRT/UN.TO, SPB.TO, NEO.TO, BIPC.TO, OBE.TO, AP/UN.TO, BN.TO, PSK.TO, BIR.TO, LIF.TO, EFN.TO, OVV.TO, PD.TO, BEPC.TO, CRR/UN.TO, ZEN.V, NVA.TO, MSA.TO, BTO.TO, POW.TO, AAV.TO, HME.V, SAP.TO, TPZ.TO, IFC.TO, TVK.TO, GRID.TO, KEL.TO, NXR/UN.TO, TOU.TO, VLE.TO, WPK.TO, EFX.TO, BBU/UN.TO, DFY.TO, H.TO, MFC.TO, CHP/UN.TO, QBR/B.TO, GIL.TO, TOI.V, CU.TO, BIP/UN.TO, APM.TO, TKO.TO, CNQ.TO, PMZ/UN.TO, GWO.TO, FCR/UN.TO, WN.TO, WSP.TO, KEY.TO, WFG.TO, JAG.TO, SES.TO, EQB.TO, U/UN.TO, SLF.TO, ARX.TO, MCB.TO, PEY.TO, TVE.TO, CGY.TO, ATH.TO, HR/UN.TO, L.TO, ALA.TO, SRU/UN.TO, PLZ/UN.TO, RUS.TO, TRP.TO, EXE.TO, FRU.TO, IGM.TO, NA.TO, MKP.TO, CM.TO, FTS.TO, ABX.TO, III.TO, TCL/A.TO, PPL.TO, IAG.TO, GEI.TO, EMA.TO, CTC/A.TO, SIA.TO, ACO/X.TO, IMG.TO, ARG.TO, MRG/UN.TO, AOI.TO, CJ.TO, PPTA.TO, WTE.TO, GIB/A.TO, NWH/UN.TO, STN.TO, AX/UN.TO, AIM.TO, BBUC.TO, IIP/UN.TO, TRI.TO, GUD.TO, MFI.TO, EMP/A.TO, SU.TO, BTB/UN.TO, DPM.TO, FVI.TO, HOM/UN.TO, WCN.TO, IMO.TO, LB.TO, QSR.TO, MI/UN.TO, ENB.TO, CIX.TO, DOL.TO
