SYS Research – Daily Report – Tuesday, February 27, 2024

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

Nasdaq Nears Record High, Bitcoin Surges in Morning Market Moves

The Nasdaq Composite resumed its upward trajectory on Tuesday, edging closer to the record high reached in 2021, aligning with the potential breakout highlighted in the weekend report. The index gained 0.4%, within 0.1% of its record at 16,057.44. The S&P 500 remained relatively unchanged for most of the day but closed with a 0.2% increase. Conversely, the Dow Jones Industrial Average dipped by 96.82 points, or 0.2%. All three indices are poised to end the month with gains.

Nasdaq – Weekly Chart

S&P 500 – Daily Chart

Dow Jones Industrial Average – Daily Chart

Despite weaker-than-expected consumer confidence and durable goods data readings, anticipation is building on Wall Street for critical figures to unveil on Thursday. Meanwhile, the 10-year Treasury yield saw an increase, reaching 4.315%.

10-Year US Treasury Yield

In the cryptocurrency sphere, Bitcoin witnessed a notable surge, surpassing the $57,000 milestone. This ascent continues its upward momentum following the bull flag test of the 20-day moving average, a focal point highlighted in the weekend report. This achievement represents Bitcoin’s highest level since 2021. Other digital coins, including Ether, followed suit, with additional chart analysis of related stocks available in the daily setups section.

Bitcoin – Daily Chart

As we venture into the daily setups section, remember Jerry Parker’s wisdom: “Successful trading is about managing uncertainty, not eliminating it.” With that philosophy in mind, let’s delve into our daily setups section.

US Daily Setups

MARA – Marathon Digital Holdings Inc

Marathon Digital is attempting to break out to a 52-week high, supported by significant volume. Keep a close eye on the unfolding developments.

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

 

META – Meta Platforms, Inc.

Meta is endeavoring to trend higher, emerging from its consolidation phase. Keep a close watch on its progression.

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

 

MSTR – MicroStrategy Inc.

MicroStrategy is persistently breaking out to achieve another new 52-week high, indicating ongoing positive momentum. Stay tuned for further developments.

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

 

NFLX – Netflix, Inc.

Netflix is trying to trend upwards, following a bull flag continuation pattern. Keep a watchful eye on its price movements for further confirmation.

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

 

PLTR – Palantir Technologies, Inc.

Palantir is attempting to break out from a bull flag continuation pattern. Monitor its price action closely for potential confirmation of the upward trend.

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

 

TTD – Trade Desk Inc.

Trade Desk is trying to move higher, exhibiting a bull flag continuation pattern after consolidating its gap. Keep a close watch on its price action for potential confirmation of the upward trend.

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

 

Canadian Daily Setups

ASTL.TO – Algoma Steel Group Inc.

Algoma Steel is experiencing an upward move following a successful breakout retest.

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

 

CEU.TO – CES Energy Solutions Corp.

CES Energy Solutions is currently attempting to break out from the pattern highlighted earlier. Remember that earnings are scheduled for the 29th, adding a potential catalyst to watch in the coming days.

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

 

CTS.TO – Converge Technology Solutions Corp.

Converge Technology Solutions experienced a strong follow-through day with increased volume following its breakout from the bull flag pattern.

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

 

CVO.TO – Coveo Solutions Inc.

Coveo Solutions is attempting to break out from a bull flag pattern. Keep an eye on its price action for potential confirmation.

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

 

DML.TO – Denison Mines Corp.

Denison Mines is pressing against the underside of a horizontal resistance/trigger line. Keep a close watch for any signs of potential breakout signals.

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

 

ERO.TO – Ero Copper Corporation

The Ero Copper setup is now beginning to rise above the horizontal resistance/trigger line. Keep an eye on this development for potential further upward movement.

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

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 – 2024-02-27

A, AAPL, ABNB, ABT, ACA, ACMR, AEL, AEP, AER, AFL, AFRM, AIG, AIZ, ALB, ALPN, ALV, AMD, AMPH, AMWD, APO, APOG, APP, APTV, ARCB, ARCH, ARCO, ARE, ARKK, ATI, AVAV, AX, AYI, AZEK, AZO, BAC, BBWI, BBY, BCC, BF/B, BITO, BITW, BK, BLBD, BLDR, BLX, BPOP, BRBR, BRKR, BSBR, CARR, CASY, CAVA, CBAY, CBRE, CBT, CBZ, CCAP, CCJ, CDRE, CECO, CEG, CELH, CGBD, CHKP, CHRD, CINF, CL, CLS, CMPR, CMS, CNA, CNC, COF, COLL, COPX, CPRT, CRL, CRS, CRSP, CSAN, CSGP, CSWC, CTLT, CTRA, CUBI, CVNA, CWAN, CZR, D, DASH, DAY, DB, DBX, DCBO, DDOG, DECK, DFS, DG, DHR, DIS, DKNG, DLO, DLTR, DNN, DOCN, DRS, DTE, DUOL, DVA, DVN, E, EADSY, EAT, EBAY, EC, ECL, EDU, EGY, EIX, EL, ELF, ELV, EPAM, EPD, ERIE, ERJ, ES, ESOA, EW, EWBC, EXP, EXR, FBIN, FCNCA, FITB, FIVE, FLT, FLUT, FN, FOUR, FROG, FRSH, FTNT, FWRG, GBTC, GCT, GEHC, GEL, GL, GLRE, GNE, GNTX, GPC, GRVY, GTLB, HAS, HBAN, HCC, HD, HIBB, HIG, HNI, HOLX, HOOD, HRB, HST, HUBS, ICE, ICLR, IDT, IDXX, IHI, IIPR, ILMN, IMCR, IMO, INCY, INFA, INTU, INVH, IPG, IQV, ITCI, ITGR, IWF, IWM, JBI, JBL, KEY, KMX, KOF, KOP, KR, KRT, L, LAUR, LBRT, LDOS, LI, LII, LMB, LMND, LNW, LOB, LOGI, LOW, LYV, LZB, MANH, MAS, MBC, MCHP, MET, META, MFC, MLI, MLM, MOD, MOH, MRK, MRNA, MSTR, MTB, MTCH, MTD, MU, MYRG, NBIX, NCLH, NCNO, NFLX, NI, NICE, NLR, NOA, NRG, NSSC, NTRA, NTRS, NU, NUE, NX, NXE, NXPI, OC, ODP, OMI, ONON, ORLY, OSIS, OZK, PAA, PAGP, PAGS, PBA, PCOR, PEG, PETQ, PFBC, PFGC, PGNY, PIPR, PLTR, PLUS, POWL, POWW, PPC, PPL, PRCT, PRU, PSN, PTC, PYPL, QCOM, QQQ, QRVO, RACE, REGN, RF, RGA, ROST, RTX, RUSHA, RVTY, S, SAH, SAIC, SAP, SCHW, SCS, SHAK, SHW, SIGI, SKWD, SKX, SM, SMAR, SNAP, SNOW, SPSC, SPXC, SQ, SQSP, SSD, STLD, STNE, STRL, STT, SUM, SUN, SWAV, SWKS, SYF, SYY, TECH, TEX, TGT, TJX, TKR, TMUS, TNC, TNET, TPX, TRAK, TRV, TSCO, TTD, TXN, TXT, UBS, UEC, UGP, ULTA, UNP, UPBD, URA, URBN, URG, URNJ, URNM, USAC, USAP, USFD, USO, UUUU, VERX, VITL, VIV, VMC, VST, VVV, W, WAT, WBS, WELL, WFC, WIRE, WIX, WMB, WRK, WS, WSM, WTFC, XLC, XLU, XME, YELP, Z, ZG, ZS, ZTS, ZWS

 

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 – 2024-02-27

AAV.TO, AC.TO, ACO/X.TO, ACQ.TO, AEP.V, AIF.TO, AKG.TO, ALS.TO, AMD.NE, ARCH.V, ARE.TO, ARTG.V, ARX.TO, ASTL.TO, ATRL.TO, ATZ.TO, BAM/A.TO, BB.TO, BDT.TO, BHC.TO, BIR.TO, BLDP.TO, BN.TO, BNS.TO, BOS.TO, BPF/UN.TO, BTE.TO, CCO.TO, CDR.TO, CEU.TO, CIX.TO, CJ.TO, CLS.TO, CPH.TO, CPX.TO, CR.TO, CRON.TO, CSH/UN.TO, CTS.TO, CVO.TO, CWB.TO, DBM.TO, DCBO.TO, DE.V, DIS.NE, DML.TO, DND.TO, DOL.TO, DOL.TO, DR.TO, DRX.TO, EFR.TO, EFX.TO, EIF.TO, ERF.TO, ERO.TO, FAP.TO, FCU.TO, FIL.TO, FRU.TO, FSZ.TO, GAU.TO, GEI.TO, GLO.TO, GRA.TO, GRB.V, HBM.TO, HME.V, HPS/A.TO, HWX.TO, IFP.TO, ILLM.TO, IMO.TO, INO/UN.TO, ISO.V, IVN.TO, KEL.TO, KITS.TO, KRR.TO, KSI.TO, L.TO, LAAC.TO, LAC.TO, LB.TO, LEV.TO, LNR.TO, LSPD.TO, MEG.TO, MFC.TO, MG.TO, MMED.NE, MRE.TO, MRU.TO, MVRS.NE, NFI.TO, NFLX.NE, NGEN.V, NVEI.TO, NXE.TO, OBE.TO, OGI.TO, ONEX.TO, OVV.TO, PAY.TO, PD.TO, PEY.TO, PHX.TO, PLC.TO, PMET.TO, POU.TO, PPL.TO, PRMW.TO, PTI/UN.TO, QBTC.TO, RCK.V, RUS.TO, RVLY.V, SES.TO, SGML.V, SHOW.CA, SIA.TO, SJ.TO, SLI.V, STLC.TO, TCL/A.TO, TF.TO, TKO.TO, TPL.V, TRZ.TO, TSU.TO, TUO.V, TVE.TO, URE.TO, VBNK.TO, VET.TO, VNP.TO, WEED.TO, WELL.TO, WFG.TO, WJX.TO, WPRT.TO, WUC.CA, ZZZ.TO

 

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