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
S&P 500 Eases Off Record High as Tech Stocks Dip Ahead of Earnings Surge
The S&P 500 took a step back from its record high as technology shares slipped, creating a sense of anticipation among investors awaiting earnings reports from industry giants. On the flip side, the Dow Jones Industrial Average marked another milestone on Tuesday, while the Nasdaq experienced a decline.
The S&P 500 benchmark index dipped slightly by 0.06% on Tuesday, whereas the Dow gained 0.35%, or 134 points, setting a new record. The tech-heavy Nasdaq Composite, however, had its worst day in almost four weeks, falling by 0.76%.
S&P 500 – Daily Chart
Dow Jones Industrial Average – Daily Chart
Nasdaq – Daily Chart
Post-market activity saw Microsoft and Google-parent Alphabet reporting, focusing on their progress in artificial intelligence. Microsoft’s stock experienced a fractional decline after reporting fiscal second-quarter earnings. Sales rose by 18% to $62 billion, with earnings per share of $2.93, a 23% increase, both exceeding estimates. Google’s stock, on the other hand, tumbled 4% after hours, despite reporting sales growth of 13% to $86.3 billion and a 56% jump in earnings to $1.64 per share—both surpassing expectations. However, the company’s core advertising business fell short of estimates, leading to a dip in shares during the regular session on Tuesday.
In the bond markets, the yield on the benchmark 10-year Treasury note ticked down to 4.056% on Tuesday from 4.089% on Monday, following the inverse relationship between bond yields and prices. The benchmark closed at 4.059%
10-Year US Treasury Yield
Our Energy and Uranium themes experienced significant strength, as evidenced by the robust performance of many daily setups highlighting producers in each sector. Notably, the URA Global Uranium ETF is currently making an effort to ascend, following the upward-sloping moving average and forming a bull flag continuation pattern in line with our system rules. Meanwhile, the price of WTIC Crude Oil is on the cusp of breaking out above the trigger line that we have been closely monitoring in our reports, indicating a potential upward movement in the coming sessions.
The Global X Uranium ETF
WTIC Crude Oil
As we embark on today’s trading analysis, it’s crucial to heed the timeless wisdom: “Know when to hold them and know when to fold them.” In the intricate dance of the market, strategic decision-making is paramount. Just as in a game of cards, recognizing the opportune moments to hold onto your positions and when to tactically exit is a skill that distinguishes successful traders. Now, let’s take a look at the daily setups.
US Daily Setups
BITB – Bitwise Bitcoin ETF
Bitwise Bitcoin ETF is pressing against the underside of a trigger line. Keep a close watch for potential breakout signals
LINK TO CHART – https://schrts.co/EphkfmHq
CCJ – Cameco Corp.
Cameco appears to have successfully retested the recent breakout line in the form of a bull flag continuation.
LINK TO CHART – https://schrts.co/HpMwBANA
GS – Goldman Sachs Group, Inc.
Goldman Sachs is currently consolidating in the form of a continuation pattern, positioned just below its 52-week highs. Keep a watchful eye for the potential continuation of the upward trend.
LINK TO CHART – https://schrts.co/xTejVqGW
PARR – Par Pacific Holdings Inc.
Par Pacific setup from the weekend report is now setting up for a potential base breakout.
LINK TO CHART – https://schrts.co/RJyWYdcM
URNJ – Sprott Junior Uranium Miners ETF
The Sprott Junior Uranium Miners ETF is attempting to move higher from a bull flag continuation pattern.
LINK TO CHART – https://schrts.co/Huzasqwj
XLE – Energy Select Sector SPDR Fund
The Energy Select Sector SPDR Fund setup maintains its strength as price action approaches the breakout line. Keep a keen eye on potential developments as it nears a breakout.
LINK TO CHART – https://schrts.co/jVBeRUJF
Canadian Daily Setups
CNQ.TO – Canadian Natural Resources Ltd.
Canadian Natural Resources is displaying promising signs of potential upside momentum, particularly notable in the PPO momentum indicator formation. Keep a close watch for potential bullish developments
LINK TO CHART – https://schrts.co/hXMGxrBP
CVE.TO – Cenovus Energy Inc.
Cenovus Energy is now resting on the breakout line. Keep a vigilant eye for signs of continued upside strength that could lead to a breakout.
LINK TO CHART – https://schrts.co/pudbdzyR
DML.TO – Denison Mines Corp.
Denison Mines is set up in the form of a bull flag continuation pattern.
LINK TO CHART – https://schrts.co/kXWjEDVq
DRX.TO – ADF Group, Inc.
The recently highlighted ADF Group setup has surged to a new 52-week high, signaling a potential continuation of the uptrend.
LINK TO CHART – https://schrts.co/hKQJEcDG
MEG.TO – MEG Energy Corp.
MEG Energy is consolidating right above the recent breakout line. Keep a close watch for signs of a continued uptrend.
LINK TO CHART – https://schrts.co/rgaNttyF
SU.TO – Suncor Energy, Inc.
Suncor Energy experienced a robust trading day as price action positioned itself for a potential breakout from the base.
LINK TO CHART – https://schrts.co/hrqVbktp
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 – 2024-01-30
A, AAON, ABBNY, ABBV, ACA, ACGL, ACM, ADEA, ADP, AER, AFL, AGO, AIG, AIR, AIT, AIZ, ALL, ALSN, AMAL, AME, AMGN, AMP, AMR, AMWD, ANET, ANF, APG, APH, APLS, ARCH, AROC, ATO, ATR, AVB, AVY, AWI, AXON, AXP, AYI, AZEK, AZO, AZZ, BAC, BBVA, BBWI, BCC, BCSF, BELFB, BG, BIO, BITO, BK, BKNG, BLDR, BLX, BPOP, BR, BRBR, BRC, BRK/B, BRO, BSX, BTU, BWXT, C, CAG, CAH, CARR, CAT, CAVA, CBZ, CCEP, CCJ, CCOI, CCS, CDNS, CDRE, CDW, CE, CECO, CEG, CFG, CGBD, CHCO, CHD, CHE, CHKP, CHRD, CIEN, CINF, CL, CLH, CLX, CMCSA, CME, CMG, CMI, CMS, CNA, CNM, CNO, COF, COOP, COP, COR, COST, CPB, CPLP, CPRT, CPS, CQP, CR, CRBG, CRH, CRWD, CSL, CSWC, CSWI, CSX, CTAS, CUBI, CVI, CVLT, CXT, DAC, DB, DBX, DCI, DFS, DHI, DHR, DHT, DINO, DK, DKNG, DKS, DNN, DOW, DPZ, DRI, E, EC, ECL, ED, EDU, EG, EGY, ELF, ELV, EME, ENLC, EPD, EQIX, ERIE, ERJ, ET, ETHE, ETN, ETR, EVR, EXP, EXPD, FANG, FAST, FBIN, FBP, FCFS, FCNCA, FDS, FERG, FI, FIX, FLEX, FLR, FMX, FN, FNF, FRO, FRPT, FSS, FSV, FTAI, FTNT, FWRG, GBTC, GBX, GCT, GD, GE, GEL, GFF, GGG, GIB, GIS, GL, GLRE, GLW, GMS, GNTX, GPC, GPI, GPK, GPN, GPOR, GRBK, GS, GSIW, GTLB, GWRE, GWW, HAYN, HBAN, HCA, HCC, HD, HDSN, HEES, HES, HIG, HII, HLT, HNI, HON, HOV, HSBC, HSY, HTGC, HUBB, HUBS, HWKN, HWM, HY, IBCP, IBM, IBN, IBOC, IBP, ICE, IDCC, IDT, IESC, IEX, IHG, ILMN, IMO, ING, INSW, INTA, IPAR, IR, IRM, IT, ITB, ITGR, ITT, ITW, J, JBL, JKHY, JNPR, JPM, K, KAI, KEY, KHC, KKR, KMB, KMI, KNTK, KO, KOF, KR, KWR, L, LBRT, LECO, LEN, LHX, LII, LIN, LMB, LOW, LPLA, LSEA, LYB, LZB, MA, MAIN, MAR, MAS, MBWM, MCD, MCK, MCO, MDLZ, MEDP, MET, METC, MFC, MGRC, MHK, MHO, MITK, MKC, MLI, MLM, MMYT, MOD, MORN, MPC, MPLX, MRK, MS, MSCI, MSI, MSM, MSOS, MSTR, MTB, MTD, MTH, MTRN, NBN, NDAQ, NDSN, NLR, NMIH, NR, NS, NSIT, NTAP, NUE, NVT, NX, NXE, NXT, OBDC, OC, OFG, OKE, OMC, ONTO, ORCL, ORLY, OSIS, OSK, OTIS, OTTR, PANW, PARR, PAYX, PBA, PCAR, PCOR, PEP, PFG, PFGC, PG, PGR, PH, PLUS, PM, PNC, POWL, PR, PRI, PRIM, PRU, PSX, PWR, PXD, QLYS, RACE, RBA, REGN, RELX, REX, RF, RGA, RHI, RHP, RJF, RL, RMD, ROAD, ROCK, ROK, ROL, ROP, RPD, RS, RSG, RSP, RTX, RUSHA, RVTY, RWAY, RYAAY, SFM, SHEL, SIGI, SJM, SKM, SKX, SM, SNA, SNPS, SPGI, SPXC, SRUUF, SSD, STE, STLA, STLD, STN, STNG, SUM, SWN, SXC, SYF, SYK, SYY, T, TBBK, TDG, TEAM, TECH, TEX, TFC, TGLS, TIPT, TJX, TM, TMO, TNK, TNP, TOL, TREX, TRGP, TRI, TRMB, TRNS, TROW, TRV, TSCO, TSN, TSQ, TT, TTE, TTEK, TXT, UBS, UEC, UNP, URA, URBN, URG, URNJ, URNM, USB, USFD, USLM, USO, UUUU, V, VLO, VLTO, VMC, VNOM, VNT, VOYA, VRNS, VRRM, VRSK, VRT, VRTX, VSEC, VST, VZ, WAB, WABC, WAT, WDFC, WES, WFC, WING, WIRE, WM, WMB, WMT, WOR, WRB, WSO, WST, WTS, WTW, XHB, XLB, XLE, XLF, XLI, XLP, XLV, XME, XOP, XYL, YELP, YUM
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 – 2024-01-30
AAV.TO, AAWH/U.CA, ACO/X.TO, ADEN.TO, AGF/B.TO, AI.TO, ALA.TO, ARE.TO, ARIS.TO, ASCU.TO, ATD.TO, ATD/A.TO, ATE.TO, ATH.TO, ATRL.TO, AYR/A.CA, BDT.TO, BIP/UN.TO, BLX.TO, BNS.TO, BOFA.NE, BRAG.TO, BRK.NE, BRM.V, BTO.TO, CCO.TO, CHP/UN.TO, CHR.TO, CHW.TO, CIA.TO, CITI.NE, CIX.TO, CKG.V, CL.CA, CMG.TO, CNQ.TO, CNR.TO, COST.NE, CP.TO, CRDL.TO, CS.TO, CSH/UN.TO, CTS.TO, CURA.TO, CWB.TO, DGS.TO, DML.TO, DNG.TO, DOL.TO, DPM.TO, DRX.TO, ECO.TO, EFN.TO, EFR.TO, EIT/UN.TO, EPRX.TO, EQ.V, EQB.TO, ESI.TO, ETHC.NE, ETHH.TO, EU.V, EXE.TO, FAR.TO, FCR/UN.TO, FCU.TO, FFH.TO, FFN.TO, FIL.TO, FN.TO, FRU.TO, FSV.TO, FTN.TO, GEI.TO, GFL.TO, GIB/A.TO, GIL.TO, GMG.V, GOT.V, GRA.TO, GS.NE, GTII.CA, GWO.TO, H.TO, HBM.TO, HDI.TO, HR/UN.TO, IAG.TO, IIP/UN.TO, IMO.TO, INE.TO, ISO.V, JPM.NE, KMP/UN.TO, KSI.TO, L.TO, LBS.TO, LCS.TO, LFE.TO, LGC.V, LIF.TO, LMN.V, MATR.TO, MEG.TO, MFC.TO, MG.TO, MKP.TO, NA.TO, NGEX.V, NOA.TO, NPI.TO, NPR.V, NWC.TO, NXE.TO, OLA.TO, OR.TO, OSI.V, OVV.TO, PAY.TO, PD.TO, PET.TO, PEY.TO, PIF.TO, PKI.TO, PLC.TO, POW.TO, PPL.TO, PRYM.TO, PYPL.NE, QBR/B.TO, QIPT.TO, RBA.TO, REAL.TO, RUP.TO, RUS.TO, RY.TO, SBC.TO, SES.TO, SGD.V, SHLE.TO, SIA.TO, SKE.TO, SLF.TO, SRU/UN.TO, STN.TO, SU.TO, SVM.TO, TCW.TO, TER.CA, TH.TO, THNC.TO, TIH.TO, TKO.TO, TOI.V, TROY.CA, TRP.TO, TRUL.CA, TSND.TO, U/U.TO, U/UN.TO, URB/A.TO, URC.TO, URE.TO, VHI.TO, VISA.NE, VLE.TO, VNP.TO, VRNO.NE, VZ.NE, WCN.TO, WSP.TO, WTE.TO, WUC.CA, ZEN.V
