Notice: The Daily Report is provided for informational and educational purposes only and is not intended to be used as a stock-picking service or as financial advice. The charts and accompanying research are designed to support your analysis, serving as indicators rather than direct recommendations to buy or sell any security. The creator assumes no responsibility for actions taken by readers and strongly encourages individuals to fully understand the associated risks and potential outcomes before making investment decisions. Please note that any charts and/or information are intended to aid in research and should not be considered a definitive part of your personal trading strategy. Not all charts will lead to actionable buy or sell signals at any given time. Individuals should consider consulting a qualified financial advisor before making any investment decisions.
Just a friendly reminder: Please pay close attention to the Daily Setups and Workspace scan results for potential future additions to stay ahead of the game.
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Sample Trading System
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
Stock Market Rallies as Tech and Energy Lead Gains Amid Tariff Retaliation
Wall Street shrugged off trade war concerns on Tuesday, rallying as investors refocused on corporate earnings and economic data. The S&P 500 gained 0.7%, while the Dow Jones Industrial Average rose 0.3%, adding 134 points. The Nasdaq Composite outperformed, surging 1.4% as technology stocks led the charge. Small-cap stocks also performed well, with the Russell 2000 climbing 1.4%, closing above its 21-day exponential moving average but remaining below its 50-day moving average.
S&P 500 – Daily Chart
Dow Jones Industrial Average – Daily Chart
Nasdaq – Daily Chart
Russell 2000 (ETF) – Daily Chart
Despite fresh trade tensions between the U.S. and China, the market remained resilient. U.S. tariffs on Chinese imports went into effect overnight, prompting China to respond with its own import taxes. However, investors took solace in President Donald Trump’s decision to delay new tariffs on Mexico and Canada, reducing fears of a broader trade conflict. Treasury yields declined, with the 2-year yield falling to 4.21% and the 10-year yield dropping to 4.51%. Economic data showed job openings in December fell to 7.6 million, lower than the 8 million expected, raising expectations of an interest rate cut in the first half of the year.
10-Year US Treasury Yield
Tech and Energy Stocks Drive Gains
Leading the rally was Palantir Technologies (PLTR), which skyrocketed 23% after reporting robust fourth-quarter earnings and issuing a bullish revenue forecast for 2025. Super Micro Computer (SMCI) also saw gains after announcing a fiscal Q2 business update.
The energy sector performed well, despite a 0.8% decline in WTI crude oil, with Marathon Petroleum (MPC) posting strong earnings. Cenovus Energy (CVE.TO) jumped 4.4%, helping drive a 1.1% gain in Canadian energy stocks.
Costco Wholesale (COST) broke out of a cup base at $1,008.25, reaching a record high, while rival BJ’s Wholesale Club (BJ) also surged past a $100.74. Snowflake (SNOW) climbed 3.5%, re-entering a technical azone after breaking out of a consolidation area.
TSX Recovers as Investors Seek Opportunities
The Toronto Stock Exchange (TSX) gained 37.59 points (0.2%), closing at 25,279.35 as energy and technology stocks rebounded. Investors viewed Monday’s tariff reprieve as an opportunity to buy back into the market following a brief sell-off.
TMX Group Ltd (X.TO) surged 8.3% after beating Q4 profit and revenue expectations, though heavily weighted financial stocks lagged, declining 0.9% amid lingering trade concerns. Celestica Inc (CLS.TO) led tech gains, rising 7.3%, while consumer staples climbed 0.8%, bolstered by a 2% rise in Saputo Inc (SAP.TO).
TSX – Daily Chart
Market Movers: Big Winners and Losers
While several stocks posted strong gains, others faltered. Duolingo (DUOL) advanced 6%, breaking out, while PJT Partners (PJT) surged 10% on better-than-expected earnings.
Spotify (SPOT) popped 10% after reporting strong subscriber growth. Ferrari (RACE) climbed nearly 8%, reclaiming key technical levels after surpassing earnings estimates.
On the downside, Estee Lauder (EL) plummeted 17% as weak Q2 results and a disappointing outlook spurred a broad sell-off. PayPal (PYPL) sank 9%, despite strong earnings, as investors reacted negatively to slightly weaker-than-expected payment volume. Merck (MRK) tumbled 10%, hitting a 52-week low after issuing a weaker-than-expected 2025 revenue forecast.
Conclusion: Market Resilience Holds Amid Trade Concerns
Despite ongoing trade tensions and mixed economic data, equity markets remained robust, driven by strong earnings and renewed investor confidence. The rally in Palantir, Costco, and Snowflake highlighted renewed enthusiasm for growth stocks, while energy stocks showed resilience despite weaker crude prices. The TSX followed Wall Street higher as investors took advantage of opportunities created by tariff uncertainty. While some high-profile earnings disappointments weighed on sentiment, the overall market outlook remains constructive, with traders eyeing potential Federal Reserve rate cuts in the coming months. Investors will be watching for further economic data and corporate earnings to gauge whether the rally can sustain its momentum.
“The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.” – Ed Seykota
Now, onto the daily setups.
US Daily Setups
BKSY – BlackSky Technology Inc.
BlackSky Technology is now breaking out from the recently highlighted setup. Monitor closely for continued upward momentum and confirmation of the breakout.
LINK TO CHART – https://schrts.co/kNpyzhpQ
KINS – Kingstone Insurance Co.
Kingstone Insurance is now attempting to break out from its consolidation area. Monitor closely for any breakout signals that could confirm continued upward momentum.
LINK TO CHART – https://schrts.co/NGijyKvq
MNMD – Mind Medicine Inc.
Mind Medicine appears to be setting up on the right side of a significant consolidation pattern. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/ybhkAqxI
MP – MP Materials Corp.
MP Materials is now breaking out from the pattern highlighted in the weekend report. Monitor closely for continued upward momentum and confirmation of the breakout.
LINK TO CHART – https://schrts.co/QveGPzpG
SIL – Global X Silver Miners ETF
The Global X Silver Miners ETF continues to push higher, attempting to move above the upper trendline of its consolidation area. Monitor closely for any breakout signals that could confirm sustained upward momentum.
LINK TO CHART – https://schrts.co/ZwIqIXvd
SILJ – Amplify Junior Silver Miners ETF
The Amplify Junior Silver Miners ETF is seeing upside momentum alongside the price of silver. Monitor closely for a continuation of upside momentum, which may lead to a breakout from the current consolidation pattern.
LINK TO CHART – https://schrts.co/ypQqykDT
SLV – iShares Silver Trust
The iShares Silver Trust is attempting to break out from the right side of its consolidation area, supported by increasing volume. Monitor closely for continued upward momentum and confirmation of the breakout.
LINK TO CHART – https://schrts.co/hcrnvuRi
Canadian Daily Setups
AG.TO – First Majestic Silver Corp.
First Majestic Silver is attempting to push above a horizontal resistance line. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/gsSWdTpY
ANRG.TO – Anaergia Inc – Ordinary Shares (Sub Voting)
Anaergia continues to set up on the right side of a consolidation area. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/YWzRXQMn
KNT.TO – K92 Mining Inc.
K92 Mining keeps showing up in scan results as price action tightens on the right side. Monitor closely for any breakout signals that could confirm upward momentum as the pattern develops.
LINK TO CHART – https://schrts.co/epuihsJy
NICU.V – Magna Mining Inc.
Magna Mining continues to see positive price action with robust volume as it touches a new 52-week high. Monitor closely for signs of sustained upward momentum and potential continuation of the trend.
LINK TO CHART – https://schrts.co/MxXRgaHw
OR.TO – Osisko Gold Royalties Ltd.
Osisko Gold Royalties is set up in the form of a potential continuation pattern. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/jkUhieAG
PPTA.TO – Perpetua Resources Corp.
Perpetua Resources continues to consolidate in a tight trading range, supported by robust volume, just below its 52-week high. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/BiuMgUrt
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 – 2025-02-04
BYON, FLXS, PLTR, STI, BKSY, BBAI, BFLY, ALGS, OB, PLSE, RCAT, KOPN, MBOT, SPOT, AIXI, FOSL, MVIS, GRAB, GRRR, IFNNY, AOSL, DNA, HIPO, HIMX, DERM, SOUN, FUBO, MP, SSYS, ENTX, ATI, LFVN, KRMD, PBF, CADL, CLS, OPFI, SMCI, DAVE, CLPT, PDD, OMER, XPEV, AXTA, AI, ICAD, STIM, KSCP, TIGR, ETON, GENI, DQ, EVER, RDW, AVAV, ASTS, PLBY, HIMS, LMB, KRRO, NRDY, BLND, RXT, RACE, SUPN, CKPT, MPC, ATYR, SLQT, IDR, KINS, CURI, BWAY, INSG, FTK, RDDT, CRNT, TZOO, AA, FUTU, CIA, CRDO, BCRX, TSAT, LINC, CCJ, SGU, LI, SGMO, UTI, DUOL, BIDU, JKS, EOSE, PPTA, BEAT, TATT, BITF, BILI, MSOS, ARVN, BERY, INOD, ATXI, METC, DSP, PL, FIVN, BEKE, CRVS, MAX, XYL, FCEL, DCTH, FOXA, KD, AMCR, CVRX, PJT, NGVC, RDVT, INSW, CVLT, VLO, INMD, RZLT, EXFY, RUM, PSX, ESEA, BZUN, FOX, PNTG, AKRO, VBNK, ALLT, ELDN, BVS, TECK, EWTX, UI, AMD, CXDO, TGTX, RBRK, REGN, SEZL, QNST, VNET, DAKT, RBLX, CMI, KNTNF, SEAT, EDN, TK, SMTC, TCBX, TVTX, NWPX, INGN, PRTH, MOS, INTA, ABCL, MNSO, ARM, DCGO, SHOP, ABCB, MCB, GHM, EQNR, RBBN, SRTS, APP, INSM, PRAX, OPK, ERO, DCOM, BASE, CBT, ELMD, LX, BRBS, DAL, RIVN, YMM, RERE, SNAP, SMWB, SFM, BRKL, OSPN, OR, BABA, CGAU, CTBI, DLTR, X, CLOV, SCCO, BV, UAL, UBER, PPBI, PGC, SKE, CAVA, SNOW, ASAN, NBIS, PENN, SLM, KTOS, TBRG, ESTC, FLEX, DHT, ALDX, CBU, TDOC, HRI, SES, ACI, CWH, PFS, DOMO, FFIN, KWEB, MIRM, IBTA, RAIL, UFPT, URA, FVR, RSI, FSLY, CNQ, COPX, NFBK, CLBT, SMMT, IRMD, AX, BNTC, PWOD, MOFG, FCF, BJ, MYTE, WSFS, CNX, HWKN, OFIX, WHG, JNPR, MTLS, EBC, SFBS, STEL, MTCH, MELI, BBVA, MOMO, NTB, CALX, IIPR, LZB, ATEN, SQM, NIC, NRDS, PFBC, COGT, ZG, CIGI, IBOC, INDB, CRESY, PWP, NOK, TWFG, CCSI, HES, MUX, NWS, AAP, CMA, FULT, MBIN, INSP, KVYO, LTH, SNBR, TKNO, JD, EQBK, AVPT, CIEN, SILJ, CFB, EXK, LIF, CINT, GEL, KEY, MGNI, UVSP, ATGE, GDYN, XME, CHN, SYBT, WTTR, LFT, NRIM, XOM, WLY, Z, FTDR, VIK, SLB, CIM, SWIM, ADMA, BANR, SBGI, SLNO, OIH, QFIN, SIRI, GLNG, NIO, TTGT, COLB, GOOGL, RNGR, GAMB, LYB, FINV, VRTX, FROG, REMX, CRWD, FARO, GOOG, NBBK, RIOT, LLYVA, MLAB, HBNC, SAFE, SII, LMND, ING, SRAD, NGS, FNKO, NET, CBSH, LITE, ATRC, CVNA, XNET, DRD, MG, MPLX, CFFN, FXI, MNDY, ASPI, AS, PHIN, GDXJ, JBLU, CVBF, IOT, SN, RIO, SBUX, BOW, MAMA, IIIV, LPSN, RVLV, DPZ, GPI, PAY, LUCD, REPL, IBCP, LGND, AIQ, AVGO, BARK, CSWC, HLNE, NBN, SNV, CHCO, CWK, LMAT, HWC, CEPU, XLE, OKLO, CPRX, CRAI, HL, ODD, CDE, TGNA, BROS, VRNS, CBNK, SAP, TME, GPOR, CFR, LOMA, FFTY, SIL, TBBK, DASH, ESSA, CANG, GWRE, AMZN, BY, LAUR, KRE, RELL, SLV, AKAM, BKU, EBS, RDWR, PLYA, ENVA, TRN, HSAI, LYFT, OSBC, REAL, WDOFF, DDOG, FTNT, NYT, RGTI, ZS, IBEX, QTUM, TPL, BAP, BSY, ATAT, BCS, RLX, TFPM, MAGS, MTG, IGV, VNOM, AUR, HOMB, INFY, PARA, SERV, CF, COKE, METV, HAFC, ARKF, FCX, FEIM, LADR, MMC, TEAM, YUMC, BPMC, WFC, CARG, CIVB, CTVA, MESO, ACN, PNRG, IGIC, CSGS, KBE, QCOM, CANE, GFL, NFLX, BIPC, CCRD, ESQ, IBIO, JETS, PSFE, CLM, COST, EE, FRHC, NWSA, CART, ARGT, CIO, FFIV, KNSL, PATH, RELY, TLN, PAHC, BL, GDS, LYV, OWLT, TRU, ASIX, EDR, EWBC, HQY, ULS, FNGS, RYAN, SDA, JBL, CHEF, CIBR, CFG, CRM, DOCN, IBM, BPOP, NTAP, PAAS, IDCC, ALSN, MAA, PAYO, SOLV, EPR, ARLP, GPC, IWM, ORLY, VSEC, LULU, TDY, ACA, DBX, GLW, MTTR, ROKU, SSO, AORT, HOOD, ADT, CRH, FHN, IWF, ALC, WRB, IBN, GRMN, HSIC, KNX, RLI, CHWY, COMP, MCRI, OKTA, WMT, BTI, GTES, KLAC, QQQ, RUSHA, HACK, HCKT, NU, AGNC, DD, HSBC, INFL, PRG, QLYS, REVG, GDX, ATMU, BKR, DLR, XLY, ANIP, FSM, BLOK, OUT, SKY, VRSN, BBSI, CR, CYBR, NWG, CSLR, DE, SA, SKT, NLOP, ATR, CNK, MMM, BAC, SKWD, DRUG, JNJ, PIPR, AB, RKLB, EXE, RCL, SNA, AJG, AR, CSV, MTB, NSC, TFC, COCO, KR, SE, GTLB, QURE, DEFTF, EQIX, PAA, MAG, EMN, WB, GLD, GNSS, SRV, ESS, KARO, ASA, HLT, META, IONQ, PINS, DAY, PFGC, CBRE, RYTM, GIL, IPI, PATK, XLC, AXGN, CALM, G, TDS, DKNG, HALO, CSGP, FLS, HUM, ANGPY, CHH, SDGR, ITGR, TYL, DAN, NCLH, NUKZ, RDN, RDNT, BECN, BXP, BR, CASH, CORN, RGLD, FHI, AZO, CME
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 – 2025-02-04
QNTM.CA, BNXA.V, EMO.V, AII.TO, ILLM.TO, PNPN.V, LGO.TO, GOT.V, BOIL.CA, ELBM.V, SMCI.NE, X.TO, ASCU.TO, DTC.CA, SXGC.V, CLS.TO, DRT.TO, DRX.TO, RCG.TO, RUP.TO, FM.TO, BLN.TO, BTQ.NE, NICU.V, SLS.TO, ABRA.V, DEME.CA, LMN.V, STLR.TO, JET.NE, CL.CA, AG.TO, HCU.V, ETG.TO, IPO.TO, ELO.TO, BB.TO, NEO.TO, AVNT.TO, CGO.TO, FAR.TO, PRYM.TO, SLI.V, DV.V, TKO.TO, FOM.TO, FCD/UN.TO, FWZ.V, HSLV.CA, AMD.NE, NGEX.TO, VHI.TO, ZDC.V, VZLA.TO, GTE.TO, BRAG.TO, CCO.TO, AOI.TO, PPTA.TO, ARG.TO, ATX.V, WRN.TO, CCA.TO, NDM.TO, KSI.TO, TGH.V, ASM.TO, DC/A.TO, SVI.TO, SFC.TO, MDI.TO, ALGO.NE, ANRG.TO, URC.TO, TCL/A.TO, GOLD.TO, CS.TO, VBNK.TO, MEG.TO, PRL.TO, HBM.TO, NGD.TO, UBER.NE, MTA.V, G.TO, GMIN.TO, ITR.V, OGC.TO, GRID.TO, SOBO.TO, AAUC.TO, CNE.TO, EXE.TO, ATH.TO, DHT/UN.TO, MKO.V, SGD.V, SES.TO, TECK/B.TO, VERS.NE, PIF.TO, ARTG.V, CHE/UN.TO, SDE.TO, XOM.NE, DSV.TO, GGD.TO, OLA.TO, PXT.TO, WCP.TO, SVM.TO, GOOG.NE, NWC.TO, AD/UN.TO, EIT/UN.TO, CHR.TO, SHOP.TO, FIH/U.TO, LUG.TO, AX/UN.TO, OVV.TO, CXB.TO, TXG.TO, CRRX.TO, KNT.TO, SIA.TO, ECO.TO, OR.TO, PRB.TO, SKE.TO, BEI/UN.TO, CG.TO, HLS.TO, NTR.TO, FRU.TO, AMZN.NE, AVGO.NE, CNL.TO, GAU.TO, QTRH.TO, PTK.V, TOI.V, EDR.TO, NFLX.NE, MCB.TO, RBX.V, GUD.TO, COST.NE, EDV.TO, ACX.TO, CNQ.TO, PNG.V, SRU/UN.TO, ATZ.TO, LIF.TO, CRM.NE, POU.TO, TRP.TO, EMP/A.TO, CIG.TO, CIGI.TO, APM.TO, CP.TO, WILD.TO, ERE/UN.TO, WMT.NE, DEER.NE, SII.TO, QCOM.NE, EPRX.TO, MRU.TO, MX.TO, POW.TO, CTC/A.TO, SGR/UN.TO, META.NE, MVRS.NE, WTE.TO, QBR/B.TO, AIF.TO, GASX.V, ALA.TO, FDR.V, ALS.TO, AND.TO, CAS.TO, FFH.TO, ELE.V, BK/PA.TO, TNZ.TO, BBU/UN.TO, CSH/UN.TO, IPCO.TO, WN.TO, ADW/A.TO, CU.TO, PSLV.TO, OGN.V, ACO/X.TO, KEL.TO, NCI.V, GEI.TO, ONCO.CA, BDGI.TO, BRK.NE, SIL.TO, IMP.TO, BIP/UN.TO, GTWO.TO, DFN/PA.TO, SSL.TO, BA.NE, TVK.TO, ENB.TO, SSRM.TO, TFPM.TO, DR.TO, AGF/B.TO
