SYS Research – Daily Report – Tuesday, January 23, 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.

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

A Muted Market Day Amidst Record Highs: 3M Dampens Dow as S&P 500 Secures Third Consecutive Record Close

In today’s trading session, the stock market exhibited a subdued performance, with minor declines in small caps overshadowing larger blue-chip counterparts. Meanwhile, the S&P 500 clinched its third consecutive record closing.

The Dow Jones Industrial Average experienced a 0.3% dip, primarily impacted by 3M’s losses. Conversely, the S&P 500 witnessed a 0.3% uptick, while the tech-focused Nasdaq Composite advanced by 0.4%.

Dow Jones Industrial Average – Daily Chart

S&P 500 – Daily Chart

Nasdaq – Daily Chart

Treasury yields saw an increase on Tuesday following a robust auction. The 10-year yield concluded the day at 4.142%. Looking ahead, an auction of 5-year and 7-year notes is scheduled for tomorrow. The trajectory of yields in the short term hinges on the Treasury’s refunding announcement on Jan. 31, revealing insights into the influx of government debt supply into the market.

10-Year US Treasury Yield

Scan results are spotlighting gold names, as the commodity’s price action begins to trend upwards from the 50-day moving average. Consider adding the Gold Miners ETF (GDX) and Junior Gold Miners ETF (GDXJ) to your watchlist.

Gold – Daily Chart

Regularly check the Slack Workspace, where Greg and members are actively monitoring companies such as Franco-Nevada (FNV) and Wesdome Gold Mines (WDO.TO). Stay tuned for potential opportunities in the gold sector.

Slack Workspace

As we navigate the intricacies of today’s market, remember the insight from Alexander Elder: “You don’t need to know what’s going to happen next to make money. You need to know what to do next.” This mantra guides our approach, shifting our focus from predicting the unpredictable to tactically responding to market changes. Now, let’s delve into the daily setups!

US Daily Setups

APP – Applovin Corp.

Applovin is attempting to break out from a significant basing pattern with notable volume.

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

 

ORCL – Oracle Corp.

Oracle seems to be setting up below the upper trendline of a consolidation/continuation pattern.

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

 

SNOW – Snowflake Inc.

Snowflake is attempting a 52-week high breakout.

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

 

URA – Global X Uranium ETF

The Global X Uranium ETF is consolidating in the form of a potential bull flag continuation pattern.

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

 

URNJ – Sprott Junior Uranium Miners ETF

The Sprott Junior Uranium Miners ETF is consolidating in the form of a potential bull flag continuation pattern.

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

 

XP – XP Inc

XP is tightening on the right side of a significant multi-month consolidation pattern, situated below the 52-week high.

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

 

Canadian Daily Setups

ET.TO – Evertz Technologies Ltd.

Evertz Technologies is consolidating in the form of a bullish continuation pennant below 52-week highs.

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

 

NVEI – Nuvei Corporation

Nuvei seems to be setting up on the right side of a bottoming pattern.

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

 

OR.TO – Osisko Gold Royalties Ltd.

Osisko Gold Royalties is working its way towards the apex of a consolidation pattern located below a trigger line.

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

 

TCW.TO – Trican Well Service Ltd.

Trican Well Service has started to push above the upper trendline of the recently highlighted pattern, positioning itself for a potential breakout above the trigger line.

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

 

URE.TO – Ur-Energy, Inc.

Ur-Energy appears to have successfully retested the recent breakout in the form of a bull flag continuation pattern.

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

 

WDO.TO – Wesdome Gold Mines Ltd.

Wesdome Gold Mines appears to be setting up on the right side of a bottoming base.

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

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 _ 2024-01-23

ABBV, ACN, ADEA, ADI, ADP, ADSK, AEM, AFL, AIZ, AJG, AKAM, ALSN, AMD, AME, AMZN, APA, APD, APLS, APP, APTV, ARCO, ASML, ASND, AVGO, BAM, BELFB, BF/B, BIIB, BKR, BLBD, BLX, BR, BRBR, BRK/B, BRZE, BTU, BUR, BVN, BWXT, BYRN, C, CAG, CB, CBOE, CCEP, CCJ, CCOI, CDAY, CE, CECO, CEG, CF, CFB, CFG, CHD, CHRW, CI, CL, CLX, CMCSA, CME, CMI, CNC, COP, CPA, CPB, CPRT, CSAN, CSCO, CSGP, CSX, CTRA, CYBR, DAC, DB, DE, DELL, DINO, DMLP, DNN, DOV, DSGX, DVN, EA, EG, EGY, EL, ELV, ENLC, ENTG, EPD, ERJ, ESOA, ET, EXPE, F, FCNCA, FDS, FDX, FLR, FLT, FMC, FMX, FRT, FTNT, FTV, FWRG, GBDC, GCT, GDRZF, GDX, GDXJ, GEN, GIB, GIFI, GIS, GLD, GLP, GOOG, GOOGL, GRMN, HCI, HEES, HES, HESM, HLX, HMY, HOLX, HON, HPQ, HRB, HSBC, HTGC, HWKN, HWM, IBM, ICE, IGIC, INCY, INTC, INTU, IP, IRM, ITW, JCI, KEY, KGC, KMB, KO, KOF, KR, LBRT, LEU, LIN, LMB, LNG, LNW, LRN, LUV, LVS, LYB, LYV, MAIN, MCD, MCHP, MDLZ, META, METV, MFC, MITK, MKC, MKTX, MMC, MNDY, MOS, MPWR, MRK, MRNA, MRO, MS, MSFT, MSI, MTB, MVO, NCNO, NDAQ, NEM, NFLX, NKE, NLR, NOV, NOW, NR, NTNX, NU, NUE, NVDA, NVMI, NXE, NXPI, OKTA, ORCL, OXY, PATH, PAYX, PBA, PBR, PBR/A, PCAR, PEP, PFE, PFG, PG, POWW, PR, PRU, PSX, PTC, PXD, PYPL, QCOM, QQQ, QRVO, QSR, REGN, ROL, ROP, RRC, RSG, RTX, RYAAY, SCCO, SCHW, SHAK, SHOP, SIL, SJM, SM, SMCI, SMH, SMLR, SN, SNOW, SPOT, SPSC, SPY, STN, STNG, STX, STZ, SWBI, SWKS, T, TDG, TDW, TECH, TEL, TER, TGT, TNET, TRI, TRMB, TRMD, TSM, TSN, TSQ, TT, TXN, TYL, UEC, UGP, UPBD, UPS, URA, URG, URNJ, URNM, USAP, UUUU, VGT, VIST, VLO, VRSK, VRT, VSTS, VTRS, VZ, WAB, WDAY, WDOFF, WES, WFC, WFRD, WM, WMT, WPM, WTW, WWD, WYNN, XLC, XLE, XLF, XLK, XLP, XOM, XOP, XRX, YUM, ZBRA

 

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 _ 2024-01-23

ABR.V, ABX.TO, AEM.TO, AGF/B.TO, AI.TO, ALA.TO, ALC.TO, ALS.TO, AMD.NE, AMZN.NE, ARX.TO, ATD.TO, ATD/A.TO, ATH.TO, ATRL.TO, ATS.TO, ATZ.TO, AYA.TO, BAM.TO, BCE.TO, BDT.TO, BEI/UN.TO, BEP/UN.TO, BIP/UN.TO, BIPC.TO, BLDP.TO, BNE.TO, BRK.NE, BRM.V, BTE.TO, BTO.TO, BYD.TO, CAS.TO, CCA.TO, CCL/B.TO, CCO.TO, CEU.TO, CG.TO, CGX.TO, CHE/UN.TO, CHW.TO, CJT.TO, CNR.TO, CPG.TO, CPLF.TO, CRON.TO, CS.TO, CSH/UN.TO, CTC/A.TO, CTS.TO, CVE.TO, DE.V, DF.TO, DFN/PA.TO, DFY.TO, DGS.TO, DHT/UN.TO, DIV.TO, DLCG.TO, DML.TO, DNG.TO, DOL.TO, DR.TO, DRM.TO, DSG.TO, EDR.TO, EFN.TO, EFR.TO, EIF.TO, ELO.TO, EMP/A.TO, EMX.V, ENB.TO, ENGH.TO, ERF.TO, ET.TO, EU.V, EXE.TO, FAP.TO, FCR/UN.TO, FCU.TO, FDR.V, FEC.TO, FFH.TO, FFN/PA.TO, FNV.TO, FOM.TO, FRU.TO, FSZ.TO, FTN.TO, GEI.TO, GFL.TO, GGD.TO, GLO.TO, GOLD.TO, GOLD.V, GOOG.NE, GWO.TO, HBM.TO, HOM/UN.TO, HPS/A.TO, HR/UN.TO, HWX.TO, IAG.TO, IFC.TO, IGM.TO, ILLM.TO, IMG.TO, INTC.NE, ISO.V, IVN.TO, JAG.TO, JOY.TO, K.TO, KEY.TO, KNT.TO, KSI.TO, KXS.TO, L.TO, LBS.TO, LEV.TO, LGC.V, LIF.TO, LUG.TO, LUN.TO, MAG.TO, MEG.TO, MFC.TO, MHC/U.TO, MKP.TO, MRG/UN.TO, MRU.TO, MSFT.NE, MTL.TO, MX.TO, NA.TO, NEO.TO, NGEX.V, NGT.TO, NNRG.NE, NOVC.TO, NVDA.NE, NVEI.TO, NWH/UN.TO, NXE.TO, NXLV.V, OBE.TO, OGC.TO, OIII.V, ONEX.TO, OR.TO, PD.TO, PFE.NE, PHX.TO, PKI.TO, PLC.TO, PLZ/UN.TO, PMZ/UN.TO, POU.TO, POW.TO, PPL.TO, PRMW.TO, PRYM.TO, PSK.TO, PXT.TO, QSR.TO, QTRH.TO, RAY/A.TO, RCI/B.TO, RSI.TO, RTX.NE, RY.TO, SAP.TO, SDE.TO, SES.TO, SHOP.TO, SIA.TO, SKE.TO, SOY.TO, SSL.TO, STEP.TO, STN.TO, SVI.TO, SVM.TO, T.TO, TCL/A.TO, TCW.TO, TF.TO, TFPM.TO, TKO.TO, TOT.TO, TRI.TO, TRP.TO, TSU.TO, TXG.TO, URC.TO, URE.TO, VGCX.TO, VLE.TO, VNP.TO, VZ.NE, VZLA.V, WCN.TO, WDO.TO, WPK.TO, WPM.TO, WSP.TO, X.TO, ZZZ.TO

 

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