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: 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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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
Late Afternoon Dip Dims Nasdaq’s Record Hopes
In a late afternoon turn, both the S&P 500 and Nasdaq Composite veered downwards as stocks stumbled unexpectedly in the final hour of trading, leaving the Nasdaq unable to clinch another record high.
The Dow Jones Industrial Average experienced a slight dip of about 30 points, equivalent to 0.1%. Meanwhile, the broader S&P 500 declined by 0.3%, and the tech-heavy Nasdaq Composite took a 0.4% tumble.
Dow Jones Industrial Average – Daily Chart
S&P 500 – Daily Chart
Nasdaq – Daily Chart
It’s worth noting that with Good Friday on the horizon, the major U.S. exchanges are set to close, meaning Thursday will serve as the last trading day for the first quarter. This shift could potentially inject added volatility into the market. Consequently, it wouldn’t be surprising to witness unusual market movements tomorrow, as fund managers may start positioning their portfolios a couple of days earlier than usual. Traditionally, the end-of-quarter maneuvering often entails a resurgence in assets that have previously lagged behind.
Transitioning from the introduction to the daily setups section, we heed the wise words of legendary investor Paul Tudor Jones: “Risk control is the most important thing in trading. If you have a losing position that is making you uncomfortable, the solution is very simple: Get out, because you can always get back in.” With this principle in mind, let’s navigate today’s market landscape and explore potential setups, focusing on managing risk as we head toward the long weekend.
US Daily Setups
FDX – FedEx Corp.
FedEx is poised on the right side of a notable multi-year consolidation pattern. Keep a close watch for sustained strength on this side, potentially signaling an imminent breakout. Additionally, pay attention to the weekly PPO momentum indicator, which shows signs of beginning an upward curl from the zero line.
LINK TO CHART – https://schrts.co/IwNeSkks
IOT – Samsara Inc.
Samsara continues to demonstrate strength, with prices showing upward momentum as they move higher from a consolidation zone.
LINK TO CHART – https://schrts.co/WSgieMjI
NET – Cloudflare Inc.
Cloudflare is consolidating in the form of a potential bull flag continuation pattern.
LINK TO CHART – https://schrts.co/PAFWHsar
PLTR – Palantir Technologies, Inc.
Palantir continues to consolidate above its recent breakout line while forming a series of higher lows.
LINK TO CHART – https://schrts.co/CVxZFnMI
XLV – Health Care Select Sector SPDR Fund
The Health Care Select Sector SPDR Fund ETF is consolidating in the form of a potential bullish pennant continuation pattern, positioned below its 52-week high.
LINK TO CHART – https://schrts.co/mbjnfrXS
XP – XP Inc
XP continues to set up on the right side of its significant basing pattern.
LINK TO CHART – https://schrts.co/PyfAaGaE
Canadian Daily Setups
ARE.TO – Aecon Group Inc.
Aecon is attempting to trend higher from a bullish pennant continuation pattern.
LINK TO CHART – https://schrts.co/bztmAMHz
ASTL.TO – Algoma Steel Group Inc.
Algoma Steel is making an attempt to break out from a wedge pattern.
LINK TO CHART – https://schrts.co/DtsfkFkr
AYR/A.CA – AYR Strategies Inc.
AYR Strategies continues to position itself below a trigger line.
LINK TO CHART – https://schrts.co/DGJBqXPU
BHC.TO – Bausch Health Companies Inc.
Bausch Health Companies is currently setting up on the right side of a bottom base. Monitor for any potential breakout signals.
LINK TO CHART – https://schrts.co/eQGEjsxD
FTT.TO – Finning Intl, Inc.
Finning continues to position itself for a potential breakout.
LINK TO CHART – https://schrts.co/rRUWPNVX
TVK.TO – TerraVest Capital Inc.
TerraVest Capital seems to be setting up below its all-time high.
LINK TO CHART – https://schrts.co/vrPWMkff
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 – 2024-03-26
AAON, ABBNY, ACM, ADP, AEO, AER, AFRM, AGYS, AIG, AIT, AIZ, AJG, ALG, ALL, ALLE, ALSN, AMWD, ANSS, AON, APAM, APLS, APO, APPF, ARLO, AROC, ASND, ASR, ATI, ATKR, AVY, AXON, AYI, AZO, BAC, BAH, BBVA, BBW, BBWI, BCO, BCSF, BKNG, BLBD, BLK, BRK/B, BRO, BSX, BUR, BWA, BYRN, C, CACI, CAH, CAMT, CARR, CBZ, CDRE, CHRD, CI, CL, CLBT, CLF, CMG, CMI, CNC, CNO, COR, CRH, CRS, CRVL, CRWD, CSL, CSWC, CTVA, CVNA, CVS, CW, DAL, DASH, DCI, DECK, DELL, DIS, DKNG, DPZ, DRS, DVA, DY, EAT, ECL, EHC, ELV, EME, EMR, ENLC, ENVA, EPD, ERIE, ESAB, ETRN, EXP, EZPW, FCFS, FDX, FERG, FI, FICO, FIS, FLR, FMX, FOX, FROG, FSS, FTAI, GBDC, GBX, GEHC, GEN, GIFI, GM, GMS, GNRC, GOLF, GOOG, GOOGL, GPI, GPK, GPN, GRMN, GS, GVA, GWRE, H, HCI, HIG, HLNE, HLT, HOLX, HON, HPE, HRI, HWM, IBKR, ICE, ICFI, IDCC, IDT, IHG, IHI, IOT, IREN, ISRG, ITT, JBI, JCI, JFIN, JPM, K, KAI, KDP, KEX, KHC, KMB, KNF, KNTK, KO, KR, KVUE, LAUR, LDOS, LLY, LW, LWAY, MAIN, MAMA, MANH, MAS, MBC, MCK, MCO, MCY, MDT, MGM, MGRC, MITK, MKC, MLM, MMYT, MNDY, MNST, MOH, MSOS, MTCH, NBN, NDAQ, NDSN, NET, NFLX, NGS, NGVC, NOW, NTRS, NVEI, NVT, NX, O, OBDC, ODC, OMI, OSIS, OWL, PAGS, PCOR, PEG, PEGA, PHM, PLMR, PLTR, POWW, PPC, PPG, PRI, PRIM, PRU, PTC, PUBM, PWR, QCRH, QFIN, RCL, RDNT, REGN, REVG, RGA, RMD, ROAD, ROP, RPAY, RTX, RUM, RUSHA, RYAAY, SCS, SFM, SIGI, SKT, SNX, SPXC, SQ, SSD, STLD, STRL, STT, STX, SUM, SWAV, T, TDY, TEX, TGLS, TJX, TNC, TOST, TPH, TPX, TRAK, TRMB, TTEK, TW, TXT, UAL, UFPT, URBN, URNM, USFD, VEEV, VMC, VRT, VRTX, W, WAB, WDC, WES, WEX, WING, WIRE, WRK, WYNN, XLV
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 – 2024-03-26
AC.TO, AIF.TO, ARE.TO, ARG.TO, ARTG.V, ASTL.TO, AYR/A.CA, BDGI.TO, BEI/UN.TO, BHC.TO, BIP/UN.TO, BMO.TO, CAE.TO, CCO.TO, CHP/UN.TO, CITI.NE, CIX.TO, CJT.TO, CL.CA, CMG.TO, CNR.TO, CPH.TO, CPLF.TO, CRDL.TO, CRON.TO, CS.TO, CSH/UN.TO, CSU.TO, CTS.TO, CURA.TO, CVE.TO, CVS.NE, DHT/UN.TO, DIR/UN.TO, DIS.NE, DIV.TO, DND.TO, DNG.TO, DNTL.TO, DPM.TO, DTC.CA, DXT.TO, EDV.TO, EIF.TO, ERE/UN.TO, ERF.TO, ETG.TO, EXE.TO, FIH/U.TO, FORA.TO, FTT.TO, FWZ.V, GDI.TO, GOOG.NE, GRID.TO, GTE.TO, GTII.CA, GUD.TO, GWO.TO, HITI.V, HPS/A.TO, HUT.TO, JAG.TO, KEY.TO, KRR.TO, LB.TO, LCX.V, LFE.TO, LLY.NE, LMN.V, MAU.V, MDA.TO, MDNA.TO, MDP.TO, MHC/U.TO, MRU.TO, MX.TO, NFI.TO, NOVC.TO, NVA.TO, NVEI.TO, OGC.TO, OGI.TO, ONEX.TO, OTEX.TO, PALI.V, PAY.TO, PKI.TO, PLZ/UN.TO, POU.TO, PRU.TO, PSI.TO, PUR.V, PYPL.NE, QSR.TO, RAY/A.TO, RBA.TO, REG.V, RTX.NE, SIS.TO, SJ.TO, SLF.TO, SOY.TO, STLC.TO, TA.TO, TER.CA, THNC.TO, TIH.TO, TLRY.TO, TOY.TO, TPZ.TO, TRUL.CA, TSND.TO, TVK.TO, U/U.TO, U/UN.TO, VCM.TO, VLE.TO, VRNO.NE, WEB.V, WEED.TO, WUC.CA, X.TO, ZZZ.TO
