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.
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SYS Daily Report
Major Indexes Pull Back Amid Earnings Woes and Commodity Slumps
The U.S. stock market experienced notable losses on Tuesday, with major indexes declining due to a combination of weak earnings guidance from chip equipment giant ASML and a drop in oil prices. The S&P 500 fell 0.8%, while the Dow Jones Industrial Average shed 325 points, or 0.8%, weighed down mainly by disappointing results from UnitedHealth Group. The tech-heavy Nasdaq Composite lost 1%, with semiconductor stocks, including Nvidia and Advanced Micro Devices (AMD), pulling back after ASML‘s weaker-than-expected outlook for next year. Bank stocks, however, showed resilience as Bank of America and Goldman Sachs posted strong earnings, providing a bright spot amid the broader sell-off.
S&P 500 – Daily Chart
Dow Jones Industrial Average – Daily Chart
Nasdaq – Daily Chart
In Canada, the S&P/TSX Composite Index ended 0.1% lower, closing at 24,439.08. The pullback followed a drop in crude oil prices, which weighed on Canada’s commodity-centric index. The energy sector experienced a steep decline of 4.8%, led by Canadian Natural Resources Ltd, which fell 5.7%. On a more positive note, Canada’s annual inflation rate cooled to 1.6% in September, which bolstered expectations for a 50-basis-point interest rate cut by the Bank of Canada next week. Real estate and utilities sectors, which stand to benefit from lower rates, rose 1.4% and 1.9%, respectively.
TSX – Daily Chart
Gold saw gains as investors sought safe-haven assets amidst equity market weakness and geopolitical concerns. Front-month gold futures rose 0.5% to $2,661.40 per ounce, while SPDR Gold Shares (GLD) also gained 0.5%. The flight to gold was driven by increased uncertainty around the Israel-Iran tensions, upcoming U.S. elections, and China‘s efforts to revive its economy through stimulative measures. One could expect gold prices to remain elevated as China’s new stimulus provides continued support.
Gold – Daily Chart
Oil prices plunged following reports that Israel assured the U.S. it would not target Iranian nuclear or oil facilities, alleviating fears of a major supply disruption. WTI crude fell 4.4% to $70.58 per barrel, while Brent crude dropped 4.1% to $74.25 per barrel. The decision minimized the risk of an Iranian retaliatory strike that could disrupt key oil passages, easing some geopolitical risk premium. Weak demand further reduced the impact of the ongoing Middle East crisis on oil prices.
Crude Oil – Weekly Chart
In the currency markets, the U.S. dollar resumed its upward trajectory, reaching a two-month high as expectations grew for modest interest rate cuts from the Federal Reserve over the next 18 months. The dollar index rose to 103.26, boosted partly by comments from Fed Governor Chris Waller, who suggested caution on further rate cuts. The euro dropped to its lowest level since August at $1.0882, ahead of the upcoming European Central Bank policy meeting, while the British pound saw a slight uptick to $1.3068. The Japanese yen weakened to 149.25 against the dollar, pressured by dovish comments from Bank of Japan Governor Kazuo Ueda. Oil-exporting currencies, such as the Norwegian crown and Canadian dollar, also softened after the sharp oil price drop. Keep an eye on the price of Bitcoin as it sets up for a potential breakout.
Bitcoin – Daily Chart
Bond yields also drew attention, with the 10-year U.S. Treasury yield declining to 4.04%. Falling yields generally benefit equities, particularly rate-sensitive sectors such as technology and real estate, by making borrowing cheaper and improving valuation metrics. However, despite the drop in yields, the technology sector did not see gains today, as broader concerns weighed heavily on sentiment. The decline in yields also indicates increased investor appetite for safer assets amidst broader economic concerns, adding a layer of support to the market similar to the uptick in gold as a safe-haven asset.
10-Year US Treasury Yield
As earnings season progresses, market sentiment remains highly sensitive to corporate guidance and economic data. Today’s sell-off across sectors like technology and energy likely triggered several stop-loss orders, moving many investors to cash positions. This highlights the need for disciplined risk management—using well-placed stop levels can help protect gains and limit losses during periods of heightened volatility. As Paul Tudor Jones once said, “The most important thing is to have a plan, and that plan should always include a stop-loss to guard against the unexpected.”
Now, onto the daily setups.
US Daily Setups
BTDR – Bitdeer Technologies Group
Bitdeer is consolidating below a significant horizontal resistance line, which could also serve as a trigger. If Bitcoin starts to break out, monitor this stock for any potential breakout signals.
LINK TO CHART – https://schrts.co/AsbHzfjn
GDX – VanEck Vectors Gold Miners ETF
The VanEck Vectors Gold Miners ETF continues to push higher from the recently highlighted bullish flag pattern as the PPO momentum indicator sets up for a potential bullish cross.
LINK TO CHART – https://schrts.co/sYtxKXzT
GLD – SPDR Gold Shares
The SPDR Gold Shares ETF is setting up in the form of a potential bullish flag continuation pattern, positioned near its all-time high.
LINK TO CHART – https://schrts.co/iXKhmFyp
IBIT – iShares Bitcoin Trust Beneficial Interest
The iShares Bitcoin ETF is setting up for a potential breakout alongside the price of Bitcoin. Take note of the increasing volume as price action attempts to break out. Monitor for signs of upside momentum.
LINK TO CHART – https://schrts.co/fncHJpQa
LUNR – Intuitive Machines Inc.
Intuitive Machines is attempting to move higher from a bullish flag continuation pattern.
LINK TO CHART – https://schrts.co/mNejbxvZ
PCT – PureCycle Technologies Inc
PureCycle is consolidating in the form of a potential bullish pennant continuation pattern.
LINK TO CHART – https://schrts.co/ztHJspmC
SIL – Global X Silver Miners ETF
The Global X Silver Miners ETF is attempting to move higher from a bullish flag retest of the recent base breakout.
LINK TO CHART – https://schrts.co/GTjCxaBu
TDS – Telephone & Data Systems Inc.
Telephone & Data Systems is breaking out from a continuation pattern after being highlighted in our unusual activity report, which flagged bullish options activity.
LINK TO CHART – https://schrts.co/rqVrijxJ
Canadian Daily Setups
BTCC.TO – Purpose Bitcoin ETF
The Purpose Bitcoin ETF is setting up for a potential breakout alongside the price of Bitcoin. Take note of the increasing volume as price action attempts to break out. Monitor for signs of upside momentum.
LINK TO CHART – https://schrts.co/mFxhVQKp
DML.TO – Denison Mines Corp.
Denison Mines appears to be setting up just below a horizontal resistance line.
LINK TO CHART – https://schrts.co/wXVzhZiQ
DPM.TO – Dundee Precious Metals, Inc.
Dundee Precious Metals is consolidating in the form of a potential bullish flag continuation pattern.
LINK TO CHART – https://schrts.co/YRUsfaFz
HIVE.V – HIVE Blockchain Technologies Ltd.
HIVE Blockchain is set up for a potential breakout above a significant horizontal resistance line. Take note of the large volume-by-price bars on the left side of the chart, indicating strong activity at this level.
LINK TO CHART – https://schrts.co/fPmwmAks
MAG.TO – Mag Silver Corp.
Mag Silver continues pushing higher from the base breakout we recently highlighted.
LINK TO CHART – https://schrts.co/imPZKGjT
XGD.TO – iShares S&P/TSX Global Gold Index ETF
The iShares S&P/TSX Global Gold Index ETF is attempting to break out from a bullish flag continuation pattern, positioned just below its 52-week high.
LINK TO CHART – https://schrts.co/zffyJxxx
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
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 – 2024-10-15
A, AAPL, ABCB, ACN, ADEA, ADSK, AEE, AEM, AEP, AEYE, AGI, AGM, AGNC, AGX, AGYS, AHCO, AIZ, ALL, ALLE, ALNY, AMAL, AMCR, AMGN, AMP, AMT, AMZN, ANF, AORT, APD, APO, ARE, ARGX, ASTH, ATO, ATR, AU, AUR, AVB, AWI, AWK, AX, AXP, AXS, BA, BAC, BALL, BBAR, BBW, BBY, BDX, BF/B, BITO, BITW, BJ, BKNG, BKU, BL, BLK, BLND, BMA, BMEA, BMY, BPOP, BR, BRBR, BRK/B, BSIG, BV, BWIN, BX, BXP, BY, CADE, CAH, CAKE, CARG, CART, CBOE, CBRE, CCAP, CCB, CCI, CCL, CCS, CFB, CFG, CGBD, CHCO, CHD, CHTR, CHWY, CIM, CL, CLBT, CLMT, CLX, CM, CMCSA, CME, CMG, CMS, CNA, CNO, CNP, COF, COKE, COLL, COO, COR, CORT, COST, CPA, CPAY, CPB, CPRX, CPT, CR, CRH, CROX, CRUS, CSGP, CSX, CTSH, CUK, CVNA, CWAN, CWT, D, DAKT, DAVE, DAY, DECK, DFH, DHI, DHR, DKNG, DKS, DOC, DOCN, DOCS, DOCU, DORM, DRI, DRUG, DSGX, DTE, DUK, DUOL, DVA, EA, EAT, EBAY, EBS, ECL, ED, EGO, EHC, EIX, ELMD, ENVA, EPAM, EQBK, EQH, EQIX, EQR, ES, ESAB, ESQ, ESS, ETR, EVR, EVRG, EWBC, EXC, EXEL, EXK, EXPE, EXPO, EZPW, FAST, FBP, FCN, FDIG, FDS, FE, FI, FIS, FITB, FNF, FOX, FRBA, FRT, FSV, FTDR, FULT, FWONA, GBTC, GDX, GDXJ, GEN, GFL, GGAL, GIL, GILD, GL, GLD, GMED, GOLD, GOOG, GOOGL, GPC, GPI, GRBK, GSHD, GWRE, HAS, HAYW, HBAN, HCA, HCI, HD, HEAR, HIG, HIMS, HLI, HLIT, HMY, HNI, HOLX, HPE, HROW, HSIC, HST, HTBI, HTGC, HTLF, HWC, HWKN, HWM, IBB, IBCP, IBKR, IBN, IBOC, ICE, IDT, IFF, IIPR, INCY, INTA, IPG, IREN, IRM, IT, ITB, ITCI, IWM, JEF, JETS, JHG, JKHY, JLL, JNJ, JNPR, JPM, KAI, KBE, KBH, KDP, KEY, KGC, KHC, KIM, KMB, KNF, KNTNF, KR, KRE, KRNT, KVUE, KVYO, LAZ, LEN, LEU, LGND, LIN, LINC, LMND, LNC, LNT, LNTH, LOB, LOW, LPLA, LSPD, LTH, LULU, LUNR, LUV, LYFT, LZB, MA, MAG, MAMA, MAS, MBC, MBIN, MBWM, MC, MCB, MCD, MCO, MCY, MDLZ, MHK, MHO, MKC, MKTX, MLM, MMYT, MNST, MORN, MPLX, MSCI, MSI, MTB, MTCH, MTG, MTH, NBBK, NBN, NCLH, NDAQ, NECB, NEM, NET, NI, NIC, NMIH, NMRK, NSC, NSIT, NTB, NTRS, NWSA, O, OFG, OKLO, OMC, OR, ORRF, OWL, PAAS, PACS, PAM, PANW, PARA, PATK, PAYC, PBA, PCG, PCT, PEGA, PFBC, PFE, PFG, PFSI, PG, PHM, PIPR, PJT, PKG, PLMR, PLNT, PM, PNC, PNTG, PNW, POR, POST, PPC, PPG, PPL, PRI, PRK, PRMW, PRU, PSN, PTGX, PWP, QCRH, RBC, RCL, RDDT, RDN, RDNT, REG, RELX, REVG, REYN, RGLD, RH, RJF, RKLB, RKT, ROKU, ROP, ROST, RSG, RTX, RUM, RVTY, RXT, RYN, RYTM, SA, SAFE, SBAC, SBUX, SCHW, SEIC, SEZL, SF, SFM, SHAK, SHOO, SHW, SIL, SILJ, SJM, SKT, SLM, SLV, SN, SO, SOFI, SOLV, SOUN, SPFI, SPG, SPGI, SPHR, SPOT, SQ, SRE, SSBK, SSD, SSNC, STT, STX, SYY, T, TBBB, TBBK, TCBX, TDS, TEVA, TFC, TGLS, TGT, TGTX, THC, TIGO, TJX, TLT, TMHC, TMUS, TOL, TOST, TPB, TPG, TPH, TRI, TRU, TRV, TSN, TTEK, TTMI, TTWO, TVTX, TXRH, TYL, UAA, UAL, UDR, UHS, ULS, UMBF, UNIT, UNM, UNP, URA, USAP, USFD, UTHR, VCTR, VCYT, VERX, VICI, VIRT, VITL, VMC, VRNS, VRSK, VTR, VTRS, VVV, VZ, WAL, WAT, WBA, WDC, WEC, WELL, WFC, WGMI, WIX, WLDN, WLY, WM, WMT, WPM, WSM, WT, WTFC, WULF, WY, XBI, XEL, XHB, XLC, XLF, XLP, XLRE, XLU, XLY, XPH, XRT, YOU, YPF, Z, ZETA, ZG, ZLAB, ZM
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 – 2024-10-15
AAPL.NE, AAUC.TO, ABRA.V, ABX.TO, ACB.TO, ACO/X.TO, AD/UN.TO, ADEN.TO, AEM.TO, AG.TO, AGI.TO, AIF.TO, ALA.TO, ALS.TO, AND.TO, AP/UN.TO, APM.V, APR/UN.TO, AQN.TO, ARIS.TO, ARTG.V, ASCU.TO, ATRL.TO, ATS.TO, AW/UN.TO, AX/UN.TO, AYA.TO, BAM.TO, BB.TO, BBD/B.TO, BBU/UN.TO, BCE.TO, BDGI.TO, BEI/UN.TO, BHC.TO, BIP/UN.TO, BIPC.TO, BITF.TO, BK.TO, BLX.TO, BMO.TO, BN.TO, BNS.TO, BOFA.NE, BOIL.CA, BRK.NE, BTO.TO, CAE.TO, CCA.TO, CCL/B.TO, CCO.TO, CF.TO, CG.TO, CGO.TO, CHP/UN.TO, CIG.TO, CIGI.TO, CJT.TO, CM.TO, CNL.TO, COST.NE, COV.V, CPX.TO, CRR/UN.TO, CRT/UN.TO, CSH/UN.TO, CU.TO, CWB.TO, DC/A.TO, DCBO.TO, DF.TO, DFN.TO, DFY.TO, DGHI.V, DGS.TO, DIR/UN.TO, DML.TO, DNG.TO, DNTL.TO, DOL.TO, DPM.TO, DR.TO, DRM.TO, DSG.TO, DV.V, EDR.TO, EDV.TO, EFN.TO, EFR.TO, EIF.TO, EIT/UN.TO, ELD.TO, EMA.TO, ENB.TO, ENS.TO, EQB.TO, EQX.TO, ERE/UN.TO, ET.TO, EXE.TO, FAP.TO, FC.TO, FCD/UN.TO, FCR/UN.TO, FCU.TO, FDR.V, FFH.TO, FFN.TO, FFN/PA.TO, FMT.V, FNV.TO, FSV.TO, FSZ.TO, FTG.TO, FTN.TO, FTS.TO, GCL.TO, GEI.TO, GEO.TO, GFL.TO, GGD.TO, GIB/A.TO, GIL.TO, GOOG.NE, GRA.TO, GS.NE, GTWO.TO, GWO.TO, H.TO, HISU.U.TO, HITI.V, HIVE.V, HR/UN.TO, HUT.TO, IAG.TO, IAU.TO, IFC.TO, IFP.TO, IIP/UN.TO, IMG.TO, ISO.TO, ITR.V, K.TO, KEG/UN.TO, KITS.TO, KMP/UN.TO, KNT.TO, KPT.TO, L.TO, LB.TO, LBS.TO, LCS.TO, LFE.TO, LGC.V, LMN.V, LRA.V, LUG.TO, LULU.NE, MAG.TO, MARI.TO, MAU.V, MCDS.NE, MDNA.TO, MGRO.V, MI/UN.TO, MKP.TO, MRG/UN.TO, MRU.TO, MTY.TO, MUX.TO, NA.TO, NCI.V, NET/UN.V, NGD.TO, NGEN.V, NGT.TO, NUAG.TO, NVEI.TO, NXE.TO, NXR/UN.TO, OGC.TO, OGN.V, OIII.V, OLA.TO, OR.TO, PAAS.TO, PBH.TO, PFE.NE, PHYS.TO, PKI.TO, PMZ/UN.TO, POW.TO, PRB.TO, PRMW.TO, PRU.TO, PSD.TO, PSLV.TO, QBR/B.TO, QBTC.TO, QIPT.TO, QSR.TO, RBA.TO, RCI/B.TO, REAL.TO, REI/UN.TO, RET/A.V, RUP.TO, RY.TO, SBC.TO, SEA.TO, SEI.V, SGR/UN.TO, SIA.TO, SIL.TO, SIS.TO, SKE.TO, SLF.TO, SRU/UN.TO, SSRM.TO, STLC.TO, SVM.TO, TCL/A.TO, TFPM.TO, TGH.V, TNT/UN.TO, TRI.TO, TRP.TO, TRUL.CA, TSU.TO, TXG.TO, URC.TO, URE.TO, VLN.TO, VNP.TO, VRNO.NE, WCN.TO, WDO.TO, WEED.TO, WEX.V, WFG.TO, WMT.NE, WN.TO, WPK.TO, WPM.TO, WSP.TO, WTE.TO, X.TO, XRTX.V, XTC.TO, ZDC.V
