SYS Research – Daily Report – Tuesday, December 12, 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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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

Inflation Eases, Market Optimism Persists

In Tuesday’s trading session, newly released inflation data provided a breath of relief for investors, fueling an upward surge in U.S. stocks. All three major indexes clinched fresh 52-week highs for the third consecutive session, riding the wave of current market momentum. The S&P 500 and Dow achieved their highest closing levels since January 2022, while the Nasdaq reached its zenith since March 2022. Remarkably, this marks the seventh consecutive week of gains for the major indexes.

November’s consumer-price report adds to the mounting evidence suggesting that the U.S. economy is decelerating sufficiently to curb inflation, yet not to the extent of plunging into a recession – a recurrent fear echoed by some pundits. The consumer-price index rose by 3.1% in November compared to the previous year, indicating a slight pullback from October and aligning with economists’ expectations. Monthly prices saw a 0.1% increase, surpassing the steady projection put forth by economists.

The S&P 500 experienced a 0.5% uptick, while the Dow Jones Industrial Average gained 173 points, or 0.5%. The Nasdaq Composite outperformed, registering a 0.7% increase.

Indexes

Meanwhile, oil prices reached a five-month low, and bond yields displayed a mixed pattern. The 10-year U.S. Treasury note yield, serving as a crucial benchmark for borrowing costs across various sectors, eased from 4.238% on Monday to 4.205%.

10-Year US Treasury Yield

In the finance game, predicting a recession is like expecting a fortune cookie to reveal your winning stock picks – it’s a nice thought, but let’s be real, it’s not making you rich. As one wise trader once said, ‘Forecasting a recession is like using a weather app to predict market trends; good luck with that.’ So, let’s drop the illusion and focus on today’s setups. We’re trading with strategies that actually work, not relying on financial horoscopes. Because, in the end, success in the market is about making money, not placing bets on economic astrology. Let’s get down to business and leave the crystal balls to the souvenir shops.

US Daily Setups

BELFB – Bel Fuse, Inc.

Bel Fuse continues to appear on momentum scans as its price action initiates a breakout from a multi-month basing pattern.

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

 

CRESY – Cresud S.A.C.I.F. y A.

Cresud is tempting a 52-week high breakout with an influx of bullish volume.

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

 

DUOL – Duolingo Inc.

Duolingo is poised in a continuation flag setup below new highs. Keep a close eye for a potential breakout.

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

 

HOLI – Hollysys Automation Technologies, Ltd.

Hollysys Automation Technologies is experiencing its second day of exceptionally bullish volume. Keep a close watch for a potential continuation and signs of upside strength.

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

 

PAM – Pampa Energia SA

Pampa Energia is structured in a continuation pennant on the right side of a multi-month consolidation pattern. Keep a watchful eye for a breakout signaling the potential continuation of the uptrend.

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

 

SRUUF – Sprott Physical Uranium Trust

Sprott Physical Uranium Trust proves to be the gift that keeps on giving as its price action breaks out to yet another new 52-week high. The uranium theme continues to demonstrate upside momentum.

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

 

Canadian Daily Setups

BDT.TO – Bird Construction Inc.

Bird Construction continues to emerge in momentum scans, fueled by its recent surge in bullish volume as it establishes a new 52-week high.

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

 

CCO.TO – Cameco Corp.

Cameco is consolidating below its 52-week high, indicating a potential setup for the continuation of its uptrend. Take note of the bullish surge in volume today.

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

 

CNR.TO – Canadian National Railway Co.

Canadian National Railway is a setup recently highlighted, with price action starting to rise from its falling channel. Keep a close eye for continuation and signs of upside strength, particularly as more volume comes into play.

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

 

GIB/A.TO – CGI Group, Inc.

CGI Group is making an attempt to break out from a notable consolidation/continuation pattern. Keep a close watch for potential upward momentum.

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

 

QSR.TO – Restaurant Brands International Inc.

Restaurant Brands seems to have just completed a successful bull flag retest of the recent breakout. Keep an eye on potential follow-through and upward momentum.

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

 

U/UN.TO – Sprott Physical Uranium Trust

Sprott Physical Uranium Trust proves to be the gift that keeps on giving as its price action breaks out to yet another new 52-week high. The uranium theme continues to demonstrate upside momentum.

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

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 – 2023-12-12

AAL, AAON, ABBNY, ABBV, ABT, ACA, ACGL, ACIW, ACM, ACN, ADBE, ADEA, ADI, ADP, ADSK, AEE, AEO, AER, AFL, AGO, AIG, AIR, AIT, AIZ, AJG, AKAM, ALG, ALL, ALSN, ALTR, AMAL, AMAT, AMD, AME, AMGN, AMP, AMPH, AMWD, AMZN, ANET, ANF, AON, AOS, APA, APD, APG, APH, APO, APOG, ARBK, ARES, ASML, ATGE, ATI, ATO, AVGO, AWI, AWK, AXON, AXP, AYI, AZEK, AZO, BA, BAESY, BAH, BBWI, BCO, BCSF, BDX, BELFB, BEN, BF/B, BIIB, BIRK, BK, BKNG, BKR, BLBD, BLD, BLDR, BLK, BLKB, BLX, BR, BRBR, BRC, BRK/B, BRO, BSX, BUR, BWA, BWXT, CACI, CAG, CAH, CAMT, CARG, CARR, CB, CBAY, CBZ, CCAP, CCEP, CCJ, CCOI, CDNS, CDW, CEG, CENT, CENTA, CHD, CHE, CHKP, CHTR, CINF, CL, CLH, CLX, CME, CMG, CNA, CNC, CNM, CNP, COF, COKE, COLL, COO, COOP, COR, COST, CPB, CRBG, CRESY, CRH, CRL, CRVL, CRWD, CSGP, CSTM, CSWC, CSWI, CTAS, CTSH, CVLG, CVLT, CW, CYBR, CZR, DAL, DB, DBX, DCBO, DCI, DECK, DFIN, DGX, DHI, DKNG, DKS, DLR, DLTR, DOV, DRI, DSGX, DT, DTE, DUK, DUOL, DVA, DXCM, DY, E, EA, EADSY, EAT, ECL, EDU, EFX, EG, EHC, EL, ELF, ELTK, ELV, EME, EMR, ENSG, ENTG, EPAM, ERIE, ERJ, ESE, ESS, ETN, ETSY, EVR, EW, EXP, EXPD, EXR, F, FA, FANG, FAST, FBIN, FCFS, FCNCA, FDS, FDX, FERG, FFIV, FI, FICO, FIX, FN, FNF, FRHC, FROG, FRSH, FRT, FSS, FTAI, FTDR, FTNT, FTV, GBDC, GBX, GCT, GE, GEHC, GEN, GFF, GIB, GIII, GILD, GIS, GL, GLOB, GLRE, GNE, GPC, GPN, GRVY, GS, GSHD, GWW, H, HCA, HD, HDSN, HEI, HIG, HII, HLNE, HLT, HNI, HOLI, HOLX, HON, HPQ, HRB, HRL, HSBC, HST, HUBB, HUBS, HURN, HWKN, HWM, HY, IBCP, IBM, IBN, ICE, ICFI, ICLR, IDXX, IESC, IHG, IHI, INCY, INFA, ING, INTU, INVH, IPAR, IQV, IR, IRM, ISO.V, ISRG, IT, ITA, ITB, ITCI, ITGR, ITRI, ITT, ITW, IVZ, IWF, J, JBHT, JNPR, JOE, JPM, KDP, KEYS, KHC, KKR, KLAC, KMB, KNF, KO, KOF, KTOS, L, LEN, LFMD, LII, LIN, LMT, LNTH, LOGI, LOPE, LOW, LRCX, LRN, LULU, LUV, LW, LYV, MA, MAA, MAIN, MAMA, MAR, MAS, MBC, MBIN, MCD, MCHP, MCK, MCO, MDLZ, MEDP, MET, META, METV, MGM, MGRC, MITK, MLI, MLM, MMC, MMYT, MNST, MOH, MORN, MPWR, MS, MSCI, MSI, MSM, MTSI, MU, NBIX, NET, NHC, NKE, NLR, NOC, NOW, NPO, NRG, NSIT, NSSC, NTNX, NU, NUE, NVDA, NVR, NVS, NVT, NXPI, NXT, O, OBDC, OC, ODC, ODFL, ONTO, ORLY, OSIS, OTIS, OTTR, PAGS, PAM, PANW, PAX, PAYX, PCAR, PCG, PDD, PEP, PFG, PGR, PGTI, PHM, PINS, PKE, PLD, PLMR, PLUS, PNR, PODD, PPG, PPL, PRDO, PRI, PRIM, PRU, PSN, PTC, PWR, PYPL, QCOM, QLYS, QQQ, QRVO, QSR, RAMP, RBA, RCL, REG, REGN, RELX, REVG, RGA, RHP, RJF, RL, RMD, RNR, ROAD, ROCK, ROK, ROL, ROP, ROST, RPD, RSG, RSP, RWAY, S, SAIA, SCHW, SFM, SHAK, SHEL, SHW, SIGI, SJM, SKWD, SMH, SMLR, SNAP, SNPS, SNX, SPB, SPG, SPGI, SPSC, SPXC, SPY, SRE, SRUUF, SSD, STRL, STT, STX, STZ, SUM, SWKS, SYF, SYK, TAP, TBBK, TDG, TDY, TEAM, TEL, TER, TGS, TIPT, TJX, TMUS, TNET, TOL, TRAK, TRI, TRIN, TRNS, TRV, TSM, TSQ, TT, TTEK, TTWO, TWLO, TXT, TYL, UBER, UEC, UHS, ULTA, UNH, UNP, URA, URG, URI, URNJ, URNM, UUUU, V, VECO, VGT, VICI, VMC, VNOM, VOYA, VRNS, VRRM, VRSK, VRSN, VRT, VRTX, VST, VTRS, WAB, WAT, WDC, WELL, WFC, WIRE, WIX, WM, WMG, WMS, WOR, WRB, WST, WWD, XLC, XLF, XLI, XLK, XLP, XLRE, XLV, XLY, XYL, YELP, YUM, YY, ZS, ZTS

 

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 – 2023-12-12

ALV.V, AMD.NE, AMZN.NE, ARCH.V, ATD.TO, AVGO.NE, BAM.TO, BAM/A.TO, BDT.TO, BEI/UN.TO, BHC.TO, BITF.TO, BN.TO, BRK.NE, BYD.TO, CAR/UN.TO, CAS.TO, CCL/B.TO, CCO.TO, CEE.TO, CGO.TO, CNC.V, COST.NE, CP.TO, CSH/UN.TO, CSU.TO, DBM.TO, DCBO.TO, DIR/UN.TO, DIV.TO, DML.TO, DNG.TO, DOL.TO, DRX.TO, DSG.TO, EFR.TO, EMP/A.TO, ESI.TO, ET.TO, FAR.TO, FCU.TO, FFN.TO, FIH/U.TO, FSZ.TO, FTN.TO, GDV.TO, GFL.TO, GIB/A.TO, GIP.V, GLO.TO, GRT/UN.TO, GSY.TO, H.TO, HAI.TO, HD.NE, III.TO, IIP/UN.TO, ISO.V, IVN.TO, KMP/UN.TO, L.TO, LCS.TO, LFE.TO, LNR.TO, MDA.TO, MDP.TO, MFC.TO, MG.TO, MKP.TO, MTL.TO, MVRS.NE, NKE.NE, NTMC.CA, NVDA.NE, NWC.TO, NXE.TO, OTEX.TO, PET.TO, PRMW.TO, PRU.TO, PYPL.NE, QSR.TO, QTRH.TO, RBA.TO, RCI/B.TO, RUS.TO, RY.TO, SBC.TO, SCR.TO, SES.TO, STLC.TO, TCN.TO, TRI.TO, TROY.CA, TRP.TO, TRZ.TO, U/U.TO, U/UN.TO, URE.TO, VHI.TO, VNP.TO, WCN.TO, WJX.TO, WSP.TO, X.TO

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