SYS Research – Daily Report – Tuesday, December 26, 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 Gains Momentum Amidst Post-Christmas Rally

In midday trading on Tuesday, the S&P 500 exhibited a 0.3% increase, with 10 out of its 11 sectors posting gains. Returning from the Christmas break, investors sought to prolong the S&P 500’s impressive eight-week winning streak. This trend has emerged against a backdrop of moderating inflation and widespread anticipation that the Federal Reserve will implement multiple interest rate cuts in 2024.

Indexes

Notably, sectors such as energy, staples, and industrials, among others, experienced upward momentum. However, consumer discretionary stocks, encompassing entities like hotels, restaurants, and leisure-focused companies like Airbnb, generally faced losses. Within today’s setups section, two energy-related ETFs are highlighted.

What’s Working

As we approach the final trading week of 2023, major earnings reports are notably absent, yet Wall Street stands poised for a week punctuated by crucial economic data releases. These data points, expected to shape market sentiment, underscore the importance for astute investors to embody the patience and discipline emphasized by Warren Buffett. Guided by Buffett’s insight — “Success in investing doesn’t correlate with IQ once you’re above the level of 125. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.” — let’s now explore today’s potential opportunities appearing on the momentum scanner.

US Daily Setups

CAMT – Camtek Ltd.

Camtek is endeavoring to trend higher off the back of a bullish volume profile, breaking out from a relatively insignificant multi-month consolidation/continuation pattern.

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

 

CWCO – Consolidated Water Co. Ltd.

Consolidated Water is making an attempt to break out from a bull flag continuation pattern positioned beneath its 52-week highs.

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

 

DE – Deere & Co.

Deere is surging off the lower trendline of a substantial consolidation/continuation pattern, concurrently breaking above the 200-day moving average. Keep a vigilant eye for sustained upside momentum that may propel the price toward the pattern’s upper trendline, potentially leading to a breakout.

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

 

FTI – TechnipFMC Plc

TechnipFMC seems poised for a potential continuation wedge breakout, with notable attention to the substantial volume indicated by the Price bar locator on the left side of the chart.

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

 

OIH – VanEck Vectors Oil Services ETF

The VanEck Vectors Oil Services ETF seems to be breaking out from a notable falling channel, with price action rebounding off a key support area.

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

 

PR – Permian Resources Corporation

Permian Resources is beginning to push above a significant volume-by-price bar area of resistance as price action endeavors to move higher from a consolidation zone.

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

 

TGT – Target Corp.

The Target setup persists in ascending, extending gains after its noteworthy fall and subsequent wedge breakout.

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

 

XLE – Energy Select Sector SPDR Fund

The Energy Select Sector SPDR Fund is poised for a potential breakout from a descending wedge pattern.

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

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 – 2023-12-26

AAON, ACMR, ACN, ADBE, ADEA, ADI, AEO, AEP, AES, AFL, AFYA, AGO, AIG, AIZ, ALKT, ALL, ALLE, ALSN, ALTR, ALV, AMAT, AMPH, AMZN, ANET, ANF, ANSS, APG, APO, ARBK, ARCB, ARCO, ARE, ARES, ARKK, ARM, AROC, ASML, ATI, ATKR, ATO, ATR, AVAV, AVB, AWK, AX, BA, BAC, BAESY, BAH, BALL, BBVA, BBY, BCC, BCSF, BELFB, BIIB, BITQ, BK, BLBD, BLK, BLX, BPOP, BR, BRZE, BSX, BSY, BTBT, BTU, BUR, BXP, CAMT, CB, CBAY, CBRE, CBT, CCAP, CCCS, CCOI, CCS, CDNS, CDW, CE, CEIX, CENTA, CF, CFB, CFG, CHKP, CHRD, CHRW, CHTR, CI, CL, CLS, CMA, CMS, CNC, CNO, CNP, COOP, COP, CORZQ, CPS, CR, CRC, CRESY, CRSP, CSAN, CSCO, CSTM, CSX, CTAS, CTLT, CVI, CVS, CWAN, CWCO, CXT, CYBR, D, DAC, DAL, DB, DBX, DCI, DD, DDOG, DE, DELL, DG, DGHI, DGX, DINO, DKS, DLB, DLR, DLTR, DRI, DTE, DTM, DUK, DVAX, DXCM, E, EAT, EC, ED, EGY, EHC, EIX, ELV, EME, EMR, ENPH, EQIX, EQNR, EQR, ES, ET, ETN, ETR, EVRG, EW, EWBC, EXPE, EXR, F, FA, FANG, FAST, FCX, FERG, FIVE, FIVN, FLEX, FLNC, FLR, FLS, FLT, FNF, FROG, FRT, FSLR, FTAI, FTI, FTNT, FTV, FWRG, GBDC, GCT, GD, GDYN, GEHC, GEL, GEN, GFF, GGB, GGG, GILD, GLD, GLNCY, GLW, GNE, GNRC, GNTX, GOOG, GOOGL, GPS, GSHD, GWRE, H, HBAN, HESM, HIVE, HLX, HOLI, HOLX, HON, HPE, HPQ, HRB, HSBC, HSIC, HTGC, HUBB, HUBS, HUT, IBM, IBN, ICE, IMO, ING, INTA, INTC, INTU, INVH, IOT, IR, IREN, ISRG, ITA, ITCI, ITT, ITW, IVZ, IWM, JBI, JBL, JCI, JKHY, JNJ, JNPR, JOE, K, KD, KHC, KMI, KO, KR, KRE, KTOS, L, LAD, LBRT, LDOS, LECO, LEN, LI, LII, LMT, LNG, LNT, LRCX, LSEA, LSPD, LULU, LVS, LWAY, LYB, LYV, MAA, MAIN, MBIN, MBLY, MCHP, MCK, MDB, MDLZ, MDT, MET, META, METV, MFC, MHO, MKTX, MLI, MMYT, MNST, MOD, MPC, MPLX, MPWR, MRNA, MSCI, MSOS, MTB, MTSI, MU, NBIX, NCNO, NDAQ, NDSN, NET, NI, NMIH, NOC, NOV, NR, NRG, NS, NSSC, NTB, NU, NVDA, NVMI, NVO, NWSA, NXPI, O, OBDC, ODD, ODFL, ODP, OEC, OKE, ON, OTEX, OTIS, OTTR, PAGP, PANW, PARA, PARR, PATH, PAX, PAY, PBA, PBR, PBR/A, PCG, PEP, PETQ, PG, PHG, PKG, PLAB, PLD, PM, PNC, PODD, POWL, POWW, PPG, PPL, PR, PRG, PRIM, PRU, PSA, PTC, PWSC, PXD, QCOM, QRVO, QSR, QTRX, RAMP, RBA, RBC, RDNT, REG, REGN, RF, RJF, RMBS, ROAD, RTX, RUSHA, RYAAY, SAIA, SCCO, SCHW, SHAK, SHEL, SHOP, SHW, SKM, SLV, SM, SMCI, SMH, SMLR, SPGI, SPLK, SQSP, SRE, SRUUF, STE, STLA, STRL, STT, SUN, SWKS, SXC, SYK, T, TBBK, TDW, TDY, TEL, TER, TGLS, TGS, THR, TJX, TMUS, TRGP, TRIN, TS, TSCO, TSLA, TSM, TTE, TTWO, TWLO, TXN, TXT, TYL, UBER, UBS, UDR, UGP, UHS, UNP, URI, USAP, USB, USFD, VECO, VERX, VFC, VIST, VLO, VMC, VNOM, VRRM, VRTX, VSEC, VST, VSTS, VTS, WBA, WBS, WDAY, WDC, WEC, WELL, WES, WFRD, WGMI, WING, WM, WMB, WMG, WMS, WRK, WST, WTFC, WWD, XEL, XHB, XLB, XLI, XLK, XLP, XLU, XP, XRAY, XYL, YUM, ZBH, ZS

 

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