SYS Research – Daily Report – Tuesday, December 19, 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

S&P 500 Nears Record Highs Amidst Dovish Sentiments

In the current bullish climate, the stock market remains relentless in its upward trajectory, with the S&P 500 now just shy of achieving a new record high. Both the Dow Jones Industrial Average and Nasdaq Composite showcased resilience by marking their ninth consecutive day of gains.

With a mere 1% gain, the S&P 500 stands on the brink of surpassing its previous record closing level of 4796, established in January 2022. Impressively, the index has recorded a remarkable 25% increase for the year.

S&P 500

The Dow Jones Industrial Average exhibited a robust performance, surging by 252 points or 0.7%, mirrored by the Nasdaq Composite and the S&P 500, which saw respective increases of 0.7% and 0.6%, culminating in a closing value of 4768 for the latter. Notably, the Dow celebrated its ninth consecutive day of gains, capping off the streak with a new record close.

Dow Jones Industrial Average

In the backdrop of this bullish run, Treasury yields experienced a decline as market participants intensified their dovish outlook. The 10-year yield slipped by 0.034 percentage points to 3.921%, marking its lowest point since late July. Simultaneously, the two-year yield decreased by 0.018 percentage points to 4.437%, residing 0.718 percentage points below its October peak.

10-Year US Treasury Yield

According to the CME’s FedWatch tool, prevailing sentiment leans towards a January hold, though the likelihood of a 25-basis point cut has surged to 10%, a notable increase from the 4% reported a week earlier. Looking ahead to March, the odds of the first interest rate cut have risen to 68%, up significantly from the 40% figure reported earlier. These dynamics reflect an evolving landscape characterized by both market exuberance and cautious optimism.

The SSIH remains bullishly positioned!

SSIH

As we navigate the current market landscape where, in the words of John Maynard Keynes, ‘The market can stay irrational longer than you can stay solvent,’ we observe a unique dance: interest rates are falling, and stocks are ascending. Now, let’s explore the setups.

US Daily Setups

ENPH – Enphase Energy Inc.

The Enphase setup, highlighted in the weekend report, is now beginning to break out above its downtrend line. Keep a close eye for confirmation and potential developments.

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

 

GDX – VanEck Vectors Gold Miners ETF

The VanEck Vectors Gold Miners ETF is attempting to break out of its recent bull flag backtest. Keep a watchful eye for confirmation and potential further developments.

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

 

GDXJ – VanEck Vectors Junior Gold Miners ETF

The VanEck Vectors Junior Gold Miners ETF is reflecting a similar pattern to GDX, and as the precious metal sector has a strong day as a whole, monitor for the continuation of upside strength.

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

 

INSW – International Seaways, Inc.

International Seaways, another weekend setup, broke out yesterday from its bull flag retest. Keep a close watch for the continuation of the uptrend.

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

 

RIOT – Riot Platforms, Inc.

Riot Platforms continues to perform well. Monitor closely for the continuation of upside strength.

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

 

TSLA – Tesla Inc.

Tesla continues to position itself above the upper trendline of a significant pattern. Monitor closely for the potential of upside strength.

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

 

Canadian Daily Setups

ADEN.TO – Adentra Inc.

Adentra is gaining momentum off the lower trendline of a significant consolidation/continuation pattern. Keep a close eye for the continuation of upside strength that might lead to a potential breakout.

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

 

GLXY.TO – Galaxy Digital Holdings Ltd.

Galaxy Digital is setting up within a bull flag continuation pattern as price action attempts to extend its bottoming base breakout.

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

 

LSPD.TO – Lightspeed POS, Inc.

Lightspeed displayed another robust day as its price action attempts to break out from its bottoming pattern.

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

 

TSLA.NE – Tesla Inc. – Canadian Depository Receipt

Tesla continues to position itself above the upper trendline of a significant pattern. Monitor closely for the potential of upside strength.

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

 

WNDR.TO – WonderFi Technologies Inc.

The WonderFi setup is now attempting to break out above the next layer of resistance following a bull flag consolidation.

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

 

WPM.TO – Wheaton Precious Metals Corp.

Wheaton Precious Metals is attempting to trend higher from its bull flag continuation pattern.

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

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 – 2023-12-19

A, AAON, ABBNY, ABT, ACA, ACIW, ACM, ACMR, ADBE, ADEA, AEL, AEM, AEO, AFL, AFRM, AFYA, AGI, AGM, AGO, AGYS, AIG, AIR, AIT, AKAM, ALG, ALGN, ALKT, ALLE, ALPN, ALSN, ALTR, ALV, AM, AMAL, AMAT, AMCR, AMD, AMGN, AMP, AMPH, AMR, AMWD, AMZN, ANF, AOS, APG, APO, APOG, APP, APTV, ARCB, ARCH, ARES, ARKK, AROC, ATEYY, ATI, ATKR, ATO, AVAV, AVDX, AVGO, AVY, AWK, AXON, AXP, AZO, AZUL, BAESY, BAH, BBWI, BBY, BCC, BCML, BCSF, BECN, BEN, BFST, BG, BITQ, BKNG, BLD, BLKB, BLOK, BLX, BMI, BR, BRBR, BRK/B, BRZE, BSBR, BSX, BSY, BTU, BUR, BVN, BYRN, CAMT, CAPL, CARG, CASH, CAT, CBAY, CBRE, CBT, CBZ, CCAP, CCEP, CCOI, CCS, CDNS, CECO, CEG, CELH, CENT, CENTA, CGBD, CHE, CHKP, CHRD, CI, CLH, CLSK, CLW, CMCSA, CME, CMG, CNA, CNM, CNO, COF, COIN, COO, COPX, COR, CORZQ, COST, CPS, CQP, CR, CRBG, CRC, CRH, CRL, CRM, CRS, CRSP, CSAN, CSL, CSTM, CSWC, CSWI, CSX, CTLT, CTVA, CUBI, CVI, CVLT, CVNA, CVS, CVX, CW, CWCO, CXT, CYBR, CZR, DAC, DAVA, DB, DBX, DCBO, DCI, DD, DDOG, DE, DECK, DEFTF, DELL, DFH, DFIN, DFS, DGHI, DHR, DHT, DINO, DIS, DKNG, DKS, DLO, DLR, DLTR, DOW, DRI, DRS, DSGR, DT, DTM, DUOL, DV, E, EBAY, EGY, EHC, EIX, EL, ELF, EME, ENPH, ENSG, ENTG, EPAC, EPAM, EQIX, ERIE, ESAB, ESOA, ET, ETSY, EVR, EW, EXP, EXPD, EXPE, EXR, F, FANG, FAST, FCNCA, FCX, FDIG, FDS, FE, FERG, FFIV, FITB, FIVE, FIX, FLEX, FLNC, FLR, FLS, FLT, FMC, FMX, FN, FNF, FOR, FROG, FRSH, FSLR, FSS, FSV, FTAI, FTDR, FTI, GBDC, GBX, GCT, GDX, GDXJ, GE, GEHC, GEL, GEOS, GFF, GFI, GIB, GIS, GLD, GLNCY, GLOB, GLP, GLRE, GLW, GMS, GNE, GNRC, GNTX, GOLF, GOOG, GOOGL, GPI, GPOR, GPS, GRMN, GSHD, GVA, GWRE, GWW, HAYN, HCC, HCI, HDSN, HEI, HESM, HIG, HIVE, HLNE, HLT, HLX, HMY, HNI, HPE, HRB, HSBC, HSIC, HTGC, HUBS, HUT, HWKN, HY, IBCP, IBKR, ICFI, ICLR, IDCC, IDR, IDT, IEX, IHG, IIPR, ILMN, IMO, INCY, ING, INSW, INTA, INTU, INVH, IPAR, IQV, IR, IRM, ISRG, ITA, ITGR, IVZ, IWF, IWM, JBHT, JBL, JCI, JHX, JNJ, JNPR, JOE, JPM, KDP, KKR, KMI, KMX, KNF, KNTK, KOF, KOP, KRT, KVUE, L, LAD, LAUR, LECO, LFMD, LH, LHX, LI, LII, LIN, LKQ, LMND, LMT, LNT, LNW, LPLA, LRCX, LSEA, LSPD, LULU, LVS, LW, LWAY, LYB, LYV, LZ, LZB, MA, MAIN, MAMA, MANH, MAR, MARA, MBIN, MBLY, MBWM, MEDP, MET, META, METC, METV, MFC, MGM, MGRC, MHO, MITK, MLI, MLR, MNDY, MNST, MO, MOD, MOS, MPC, MPLX, MPTI, MRK, MRNA, MS, MSCI, MSFT, MSM, MTCH, MTD, MTRN, MTSI, MYRG, NATR, NBIX, NCLH, NCNO, NDAQ, NDSN, NECB, NEE, NEM, NET, NFLX, NHC, NI, NKE, NMIH, NOV, NPO, NR, NRG, NRP, NS, NSIT, NU, NUE, NVMI, NVO, NWSA, ODP, OFG, OKE, OLED, ONON, OR, ORCL, OSG, OSK, OTEX, OTTR, PAG, PAGP, PAGS, PAM, PARR, PATH, PATK, PAX, PAY, PAYC, PAYX, PBA, PBR, PBR/A, PCAR, PCG, PDD, PETQ, PFBC, PFE, PFGC, PGTI, PH, PHG, PINS, PKG, PLAB, PLMR, PLUS, PM, PNC, PODD, POOL, POWL, POWW, PPL, PRG, PRIM, PSA, PSN, PSX, PTC, PWR, PWSC, PYPL, QLYS, QQQ, QSR, QTRX, RAMP, RBA, RCL, RDY, RIOT, RJF, RL, ROAD, ROCK, ROK, RPM, RS, RTX, RUSHA, RVTY, RYAAY, S, SAH, SAIA, SCCO, SCS, SHEL, SHOP, SIL, SKWD, SKX, SLV, SMAR, SN, SNX, SOVO, SPB, SPSC, SPXC, SPY, SQ, SRUUF, SSD, STE, STLD, STN, STNE, STNG, STRL, SUM, SUN, SXC, SXI, SYF, SYK, T, TAP, TBBK, TDW, TEAM, TECH, TER, TGLS, THR, TJX, TMHC, TMO, TNC, TNK, TNP, TRGP, TRIN, TRMD, TROW, TRV, TS, TSCO, TSLA, TT, TTD, TTE, TTEK, TTWO, TW, TWLO, TXT, UBS, UGP, UPBD, UPWK, URBN, URI, USAC, USAP, USFD, VECO, VERX, VFC, VGT, VIST, VLO, VLTO, VMC, VNOM, VRNS, VRRM, VRT, VSTS, VTOL, W, WAB, WAT, WBA, WBD, WELL, WFRD, WGMI, WING, WIRE, WIX, WMB, WMG, WOR, WPM, WRK, WSO, WTS, WWD, WY, WYNN, XLB, XLC, XLF, XLI, XLK, XLP, XLU, XLV, XLY, XME, XP, XRAY, XRX, XYL, YELP, YUM, YY, Z, ZG, ZS

 

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 – 2023-12-19

ABX.TO, AC.TO, ACQ.TO, AD/UN.TO, ADEN.TO, ADW/A.TO, AEM.TO, AFN.TO, AGI.TO, AI.TO, AIF.TO, AKT/A.TO, ALA.TO, ALS.TO, AMC.TO, AMD.NE, AMX.V, AMZN.NE, AQN.TO, ARE.TO, ARR.TO, ARTG.V, ARX.TO, ASCU.TO, ASTL.TO, ATH.TO, ATRL.TO, ATS.TO, ATZ.TO, AX/UN.TO, BAM.TO, BAM/A.TO, BBD/B.TO, BBU/UN.TO, BDGI.TO, BDT.TO, BEP/UN.TO, BEPC.TO, BHC.TO, BK.TO, BK/PA.TO, BLN.TO, BLX.TO, BMO.TO, BN.TO, BNE.TO, BNS.TO, BOS.TO, BPF/UN.TO, BRK.NE, BTO.TO, BYD.TO, CAS.TO, CCA.TO, CCL/B.TO, CFP.TO, CFW.TO, CFX.TO, CG.TO, CGO.TO, CHP/UN.TO, CHR.TO, CIA.TO, CIG.TO, CIGI.TO, CITI.NE, CM.TO, CMI.V, CNQ.TO, CNR.TO, COST.NE, CP.TO, CPX.TO, CR.TO, CRM.NE, CRR/UN.TO, CRT/UN.TO, CS.TO, CSH/UN.TO, CTC/A.TO, CU.TO, CVE.TO, CWB.TO, DBM.TO, DCBO.TO, DFN.TO, DGHI.V, DGS.TO, DIR/UN.TO, DIS.NE, DIV.TO, DND.TO, DNTL.TO, DRM.TO, DRX.TO, EDV.TO, EFX.TO, EIT/UN.TO, ELO.TO, EMA.TO, ENB.TO, ENGH.TO, EQX.TO, ERE/UN.TO, ERO.TO, ESI.TO, FC.TO, FCR/UN.TO, FEC.TO, FFN.TO, FIH/U.TO, FR.TO, FSV.TO, FTN.TO, FTT.TO, FVI.TO, FWZ.V, GDV.TO, GLXY.TO, GMIN.V, GOOG.NE, GUD.TO, GWO.TO, H.TO, HBM.TO, HDI.TO, HIVE.V, HME.V, HOM/U.TO, HOM/UN.TO, HR/UN.TO, HUT.TO, IAU.TO, IFP.TO, IGM.TO, IIP/UN.TO, IMG.TO, IPCO.TO, IPO.TO, IVN.TO, JFS/UN.TO, KEL.TO, KITS.TO, KNT.TO, KRR.TO, KXS.TO, L.TO, LAAC.TO, LAC.TO, LB.TO, LBS.TO, LEV.TO, LGT/B.TO, LI.V, LIF.TO, LIFT.CA, LIFT.V, LIRC.TO, LNR.TO, LSPD.TO, LUG.TO, LUN.TO, MAG.TO, MATR.TO, MCB.TO, MDF.TO, MDI.TO, MDP.TO, MEEC.V, MFC.TO, MFG.V, MFI.TO, MG.TO, MMED.NE, MR/UN.TO, MRE.TO, MSFT.NE, MTY.TO, MUX.TO, MVRS.NE, MX.TO, NA.TO, NANO.TO, NFG.V, NFLX.NE, NG.TO, NGD.TO, NGT.TO, NOA.TO, NPI.TO, NTMC.CA, NTR.TO, NVEI.TO, NWC.TO, OBE.TO, ODV.V, OGC.TO, OLA.TO, OR.TO, OSI.V, PAAS.TO, PAY.TO, PBH.TO, PET.TO, PEY.TO, PFE.NE, PIC/A.TO, PMZ/UN.TO, PPL.TO, PRB.TO, PRMW.TO, PSI.TO, PSU/U.TO, PTK.V, PXT.TO, PYPL.NE, QBR/B.TO, QIPT.TO, QSR.TO, QTIP.NE, RBA.TO, RCH.TO, RECO.V, REI/UN.TO, RUP.TO, RUS.TO, RY.TO, SAP.TO, SBC.TO, SEA.TO, SGD.V, SGR/UN.TO, SHOP.TO, SII.TO, SIL.TO, SKE.TO, SLF.TO, SOY.TO, SPB.TO, SRU/UN.TO, SSL.TO, STN.TO, SU.TO, SVI.TO, SVM.TO, SXP.TO, TA.TO, TCL/A.TO, TD.TO, TECK/B.TO, TER.CA, TF.TO, TFPM.TO, THNC.TO, TIH.TO, TIXT.TO, TKO.TO, TLRY.TO, TROY.CA, TRP.TO, TSL.TO, TSLA.NE, TSND.TO, TSU.TO, TXG.TO, U/U.TO, VERS.NE, VGCX.TO, VHI.TO, VMD.TO, VZLA.V, WDO.TO, WFG.TO, WJX.TO, WPK.TO, WPM.TO, WRN.TO, WTE.TO, X.TO, ZZZ.TO

 

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