SYS Research – Daily Report – Tuesday, May 21, 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: 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

Market Gains Momentum Ahead of Nvidia Earnings and Fed Minutes

As the closing bell approached, the stock market surged, propelled by anticipation of Nvidia’s earnings report and the release of Fed minutes on Wednesday. This surge propelled both the S&P 500 and Nasdaq to new closing highs, in sync with the upward trajectory of Nvidia shares. The technical setup for Nvidia’s report sets a high standard, with its outcome expected to have significant implications for the chip sector and the entire market.

The Dow Jones Industrial Average gained approximately 67 points, or 0.2%, while the S&P 500 and Nasdaq Composite saw increases of 0.3% and 0.2%, respectively, culminating in record highs for both indices.

Dow Jones Industrial Average – Daily Chart

S&P 500 – Daily Chart

Nasdaq – Daily Chart

Simultaneously, the benchmark 10-year U.S. Treasury yield settled at 4.414%, slightly declining from Monday’s 4.436% and below the 10-week moving average.

10-Year US Treasury Yield

The broader market rally remains robust, particularly evident in leading stocks and cryptocurrencies like Ether, which surged in anticipation of approval for new exchange-traded funds. Many of our setups exhibit potential buy signals, while others demonstrate strong performance across various sectors. The IREN setup experienced a significant surge, climbing over 16% in a single day. Keep watchlists updated, as some stocks offer immediate opportunities while others are still setting up. Additionally, investors should prepare for post-Nvidia scenarios by implementing exit strategies to address any potential downside market reactions to Nvidia’s earnings.

US Daily Setups

ARCH – Arch Coal, Inc.

Arch Coal is beginning to push above a horizontal resistance line on the right side of a consolidation pattern. Monitor for confirmation of a breakout to assess the potential continuation of the uptrend.

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

 

COIN – Coinbase Global Inc.

Coinbase continues to set up in the form of a potential bullish flag continuation pattern. Monitor for any signs of upside momentum, which may signal a breakout.

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

 

LLY – Eli Lilly & Co.

Eli Lilly is attempting a new high breakout from an area of consolidation. Monitor for any confirmation that could suggest a continuation of the uptrend.

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

 

NFLX – Netflix, Inc.

Netflix is attempting to break out from its area of consolidation. Monitor for any signs of sustained upward momentum to confirm the breakout.

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

 

NMM – Navios Maritime Partners L.P.

Navios Maritime appears to be breaking out from a continuation pattern. Monitor for follow-through to confirm the breakout and gauge potential upside momentum.

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

 

NU – Nu Holdings Ltd.

Nu Holdings continues to set up below its 52-week high.

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

 

NVO – Novo Nordisk A S

Novo Nordisk is now approaching another line of horizontal resistance located just below a new high. Monitor for potential breakout signals that could indicate continued upward momentum.

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

 

RCL – Royal Caribbean Cruises

Royal Caribbean Cruises is reaching a new all-time high from an area of consolidation. Monitor for sustained upward momentum to confirm the breakout.

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

 

Canadian Daily Setups

ATH.TO – Athabasca Oil Sands Corp.

Athabasca Oil Sands is consolidating, possibly forming a bullish flag continuation pattern or a continuation wedge. Monitor for signs of a breakout to confirm the pattern.

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

 

CIA.TO – Champion Iron Ltd.

The Champion Iron setup is now breaking out above an additional horizontal resistance level.

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

 

CNQ.TO – Canadian Natural Resources Ltd.

Canadian Natural Resources appears to be setting up a rounded bottom-type pattern.

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

 

GLXY.TO – Galaxy Digital Holdings Ltd.

Galaxy Digital is consolidating in the form of a continuation pattern. Look for signs of upside momentum, as it may signal a breakout.

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

 

STLC.TO – Stelco Inc.

Stelco is attempting to break out from a consolidation triangle. Monitoring this development closely can provide insights into potential price movement.

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

 

URE.TO – Ur-Energy, Inc.

Ur-Energy continues to consolidate on the right side of a significant multi-month consolidation pattern. Monitoring this consolidation closely may provide valuable insights into potential breakout opportunities.

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

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 – 2024-05-21

AA, AAON, AAPL, ABBNY, ABCB, ACA, ACDC, ACGL, ADEA, ADM, AEE, AEP, AER, AFL, AGI, AGYS, AIR, AJG, ALAR, ALV, AMAL, AMCR, AME, AMGN, AMK, AMT, APAM, APH, APO, APOG, APTV, ARCH, ARLO, ARM, ATGE, ATO, ATR, AVB, AVY, AWK, AXP, AXS, AYI, AZEK, AZN, AZZ, BAC, BAESY, BAH, BALL, BAM, BBVA, BCC, BCO, BG, BHE, BITW, BK, BKNG, BMI, BPOP, BRBR, BRK/B, BSX, BV, BVN, BX, C, CAMT, CARG, CARR, CASH, CASY, CBRE, CCAP, CCL, CDRE, CDW, CECO, CEG, CENTA, CENX, CF, CFB, CFG, CGBD, CHD, CHRD, CIEN, CL, CLBT, CLH, CM, CMA, CMRE, CNA, CNC, CNO, CNP, CNX, CNXN, COKE, COOP, COST, CPT, CR, CRBG, CROX, CRS, CRUS, CRWD, CSL, CSTM, CSWI, CTAS, CVLT, CW, CXT, D, DDOG, DDS, DEFTF, DELL, DFS, DHT, DINO, DLR, DOCN, DOV, DTE, DUK, DXPE, DY, EADSY, EBAY, EG, EGO, EIX, ELV, EME, EMR, EPAC, EPD, EQH, EQIX, EQR, ERJ, ES, ESEA, ESS, ETHE, ETN, ETR, EVR, EVRG, EW, EXC, FBP, FE, FI, FIS, FITB, FIX, FLR, FLS, FMC, FN, FORM, FRO, FRPT, FSLR, FTAI, GDRZF, GE, GEHC, GEL, GEN, GEO, GIFI, GIL, GLRE, GLW, GMED, GMS, GNRC, GOOG, GOOGL, GPK, GRMN, GS, GSL, GTES, GTLS, GVA, GWW, HALO, HAS, HASI, HBAN, HCC, HEAR, HEI, HIG, HLI, HLNE, HLT, HMY, HNI, HPQ, HRB, HTGC, HUBB, HUM, HWKN, HWM, IBKR, IBM, ICE, IDCC, IDT, INCY, ING, INSW, IR, IREN, IRM, ISRG, ITA, ITCI, ITGR, IWF, J, JCI, JPM, KALU, KB, KDP, KEX, KEY, KGC, KIM, KKR, KNTK, KO, KRE, KRT, KTOS, KVUE, LBRT, LDOS, LGND, LHX, LII, LIN, LINC, LLY, LMB, LMT, LNC, LNT, LNW, LOGI, LPG, LPX, LYV, LZB, MAIN, MAMA, MATX, MBWM, MCO, MCY, MDT, MFC, MGRC, MHK, MLI, MNDY, MO, MOG/A, MORN, MPLX, MPTI, MPWR, MRNA, MS, MSFT, MSI, MTB, MTD, NBN, NEE, NFLX, NI, NKE, NLR, NMIH, NMM, NOC, NOG, NOW, NR, NRG, NSSC, NTAP, NTNX, NTRA, NU, NVDA, NVMI, NVO, NVS, NVT, NXPI, O, OBDC, OC, OFG, OII, OKE, ONTO, ORCL, ORRF, OSCR, OSG, OSIS, OTIS, OTTR, OWL, OZK, PAA, PAGP, PAGS, PCG, PEG, PFE, PG, PGR, PIPR, PM, PNC, PNTG, PNW, POOL, POST, POWL, PPL, PRIM, PRMW, PRU, PWR, QCOM, QCRH, QQQ, RACE, RBA, RCL, REGN, RELX, REVG, REX, RL, RNR, ROAD, RTX, RVTY, SA, SCHW, SCS, SEIC, SEM, SF, SIMO, SKWD, SKX, SLV, SM, SMR, SN, SNX, SO, SPB, SPG, SPGI, SPXC, SPY, SRE, STLD, STNE, STNG, SWIN, SXC, SYF, TDG, TECH, TEL, TER, TEX, TFC, TFPM, THR, TIPT, TK, TKR, TMUS, TNK, TNP, TPG, TRAK, TRGP, TRI, TRN, TRNS, TROW, TSCO, TSM, TSN, TT, TTWO, TW, TYL, UBS, UDR, UFPT, UNH, UNM, USFD, VCTR, VEL, VGT, VIST, VITL, VNOM, VNT, VST, WAL, WDC, WEAT, WELL, WEST, WFC, WIX, WMB, WMS, WMT, WPM, WRB, WRK, WSO, WWD, XEL, XLF, XLK, XLP, XLU, XLV, XLY, XME, XYL, ZBRA, 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 – 2024-05-21

AAPL.NE, AAUC.TO, AAV.TO, ACO/X.TO, ACQ.TO, ACT.CA, AGF/B.TO, AGI.TO, AKG.TO, ALS.TO, AMC.TO, AMD.NE, AOI.TO, AQN.TO, ARE.TO, ARG.TO, ASE.CA, ASM.TO, ASTL.TO, ATH.TO, AX/UN.TO, BAM.TO, BAMR.TO, BB.TO, BDT.TO, BEP/UN.TO, BEPC.TO, BLN.TO, BNRE.TO, BNS.TO, BRVO.V, CCO.TO, CEU.TO, CF.TO, CG.TO, CGG.TO, CGX.TO, CHE/UN.TO, CIA.TO, CIX.TO, CLS.TO, CNQ.TO, CNX.V, CPH.TO, CPLF.TO, CPX.TO, CRDL.TO, CSU.TO, CU.TO, CVE.TO, DEFI.NE, DF.TO, DGS.TO, DML.TO, DNG.TO, DNTL.TO, DOL.TO, DPM.TO, DRX.TO, EDR.TO, EDV.TO, EFN.TO, ELD.TO, ELO.TO, EMX.V, ENB.TO, EQX.TO, ERF.TO, ETG.TO, ETHC.NE, EU.V, FAP.TO, FCD/UN.TO, FCR/UN.TO, FDR.V, FEC.TO, FFN.TO, FIL.TO, FM.TO, FNV.TO, FSY.TO, FTN.TO, FTS.TO, FVI.TO, GAU.TO, GFR.TO, GGD.TO, GIB/A.TO, GIL.TO, GMIN.TO, GMX.TO, GOOG.NE, GOOS.TO, GS.NE, GWO.TO, H.TO, HBM.TO, HITI.V, HPS/A.TO, HRX.TO, IAG.TO, IFOS.V, IPCO.TO, IPO.TO, ITR.V, IVN.TO, JAG.TO, JWEL.TO, K.TO, KRR.TO, LABZ.NE, LB.TO, LBS.TO, LGC.V, LGO.TO, LIF.TO, LIRC.TO, LLY.NE, LMN.V, LUG.TO, LUN.TO, MARI.TO, MATR.TO, MAU.V, MFC.TO, MID/UN.TO, MKO.V, MKP.TO, MND.TO, MOGO.TO, MSFT.NE, MTA.V, NEO.TO, NFG.V, NFLX.NE, NG.TO, NGT.TO, NOU.V, NPI.TO, NTR.TO, NVA.TO, NVDA.NE, NVEI.TO, OGC.TO, OGN.V, OR.TO, ORA.TO, OSK.TO, OTEX.TO, PAAS.TO, PACT.CA, PALI.V, PBY/UN.TO, PD.TO, PMZ/UN.TO, PNE.TO, POU.TO, PPL.TO, PPTA.TO, PRB.TO, PRMW.TO, PRQ.TO, PRU.TO, PRYM.TO, PSLV.TO, PWI.TO, RAY/A.TO, REG.V, RML.V, RS.TO, SDE.TO, SEA.TO, SEI.V, SJ.TO, SOIL.TO, SPB.TO, SSL.TO, STC.TO, STLC.TO, SU.TO, SUNN.CA, SVM.TO, TFPM.TO, TRI.TO, TRP.TO, TXG.TO, U/UN.TO, URE.TO, VERS.NE, VET.TO, VGCX.TO, VRN.TO, WED.V, WELL.TO, WFG.TO, WMT.NE, WN.TO, WPM.TO, WUC.CA, X.TO, XTC.TO, YAK.V, ZDC.V

 

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