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Sample Trading System
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SYS Daily Report
Breakouts at the Index Level, Rotation Beneath the Surface, and Strong Institutional Positioning
Macro Overview
The session reflected a firm global risk tone, with equities advancing, Canada holding steady, and digital assets consolidating at elevated levels. Treasury yields moved higher while the US Dollar remained in a weaker posture, creating a backdrop that continued to support risk assets. Markets remained sensitive to developments tied to the Middle East, but the dominant feature of the day was not hesitation. It was participation. Buyers continued to step in, even as the market absorbed higher yields and digested prior gains. The result was a session that reinforced strength at the surface while quietly rotating underneath.
10-Year US Treasury Yield – Daily Chart
The 10 Year US Treasury Yield moved higher, yet equities continued to advance. This divergence suggests the market remains resilient to rising yields, though the level of rates still warrants close monitoring.
US Dollar – Daily Chart
The US Dollar remained soft and continued to trend lower. That weakness aligned with strength across equities and digital assets, reinforcing a supportive macro backdrop.
Breadth & Major Index Charts
The S&P 500 and Nasdaq pushed to fresh highs, confirming continued upside at the index level. However, the session was not driven by broad uniform participation. Leadership rotated aggressively into software, speculative growth, and previously lagging names, while some prior leaders paused. The Dow Jones lagged, reinforcing that this was not a synchronized move across all sectors. The Russell 2000 ETF held firm, confirming that risk appetite remains intact.
The Red-Light/Green-Light Breadth System
The Red Light Green Light Breadth System remained supportive. Participation was not universal, but it was sufficient to confirm the strength at the index level.
S&P 500 – Daily Chart
The S&P 500 continued higher, maintaining a strong technical structure. The move was supported by rotation rather than narrow leadership, which keeps the advance constructive.
Nasdaq – Daily Chart
The Nasdaq extended its run and remained the leadership index. Strength in software and higher beta names drove the move, reinforcing risk-on behavior.
Dow Jones Industrial Average – Daily Chart
The Dow Jones Industrial Average closed weaker, highlighting the divergence between growth and more traditional sectors.
Russell 2000 (ETF) – Daily Chart
The Russell 2000 ETF held near the upper end of its range. That stability supports the view that capital continues to move into higher risk areas.
TSX Recap
The TSX advanced and reached its strongest level in several weeks, though the move was driven by selective strength rather than broad participation. Technology and financials led, while energy and materials lagged. This divergence remains important, as it shows Canada is participating in the global risk bid but not through its traditional resource leadership.
TSX – Daily Chart
Digital Assets Overview
Digital assets consolidated after a strong advance but remained elevated. The lack of breakdown is the signal. Despite intraday pressure, structure remained intact, and activity across crypto-linked equities and ETFs continued to align with a constructive outlook.
Bitcoin – Weekly Chart
Bitcoin continues to set up for a potential breakout from its bottoming structure.
Ethereum – Weekly Chart
Ethereum continues to set up for a potential breakout from its bottoming structure.
Solana – Weekly Chart
Solana tracked broader sentiment and remained active, reflecting continued participation in higher beta crypto exposure.
Commodity Watch
Commodity markets were mixed, and that divergence played directly into equity performance. Crude Oil held firm, while Gold and Silver moved lower. The result was a split between energy stability and materials weakness, particularly visible in Canada.
Crude Oil – Daily Chart
Crude Oil remained firm but did not accelerate. That steady tone did not translate into leadership for energy equities.
Copper – Daily Chart
Copper remained neutral during the session and did not serve as a primary driver.
Gold – Daily Chart
Gold moved lower, weighing on metal mining shares and contributing to materials weakness. This level becomes a binary event. Either price breaks above horizontal resistance, or it fails here and rolls over. The zero line on the PPO indicator will hold the clue. Watch that level to see if price fails and rolls over, or if it can break out and reclaim the level.
Silver – Daily Chart
Silver remained at a key level, with the chart still positioned at an inflection point.
Uranium Theme – Global X Uranium ETF
The uranium theme remained constructive. Cameco (CCJ) continued to press into resistance while Energy Fuels (EFR.TO) held a favorable base structure.
Sector & Thematic Movers
The defining feature of the session was rotation. Software and speculative growth led decisively, while prior leaders paused. The iShares Expanded Tech Software Sector ETF (IGV) reflected this shift by moving higher and attempting to break out.
Crypto-linked exposure remained a central theme. Activity across Coinbase Global (COIN), iShares Bitcoin Trust (IBIT), and Bitwise Crypto Industry Innovators ETF (BITQ) aligned with continued consolidation in digital assets rather than deterioration. Financials also contributed to the upside, while energy and materials lagged due to commodity weakness.
Stock Movers
Leadership came from high beta and previously lagging names that began to improve technically. Robinhood Markets (HOOD) was a standout mover, showing strong continuation and aligning with bullish positioning in options flow. Tesla (TSLA) also advanced and continued to rebuild its technical structure, while DoorDash (DASH) participated in the broader rebound.
Within crypto-linked equities, Cipher Mining (CIFR) remained notable as options activity aligned with constructive price action. Software and infrastructure names also improved, with Microsoft (MSFT) contributing to the broader strength in technology.
In Canada, BRP (DOO.TO) stood out on the downside and weighed on consumer discretionary, reinforcing the divergence within the TSX.
Options & Insider Flow
Options flow was the clearest signal of the day and continues to define the underlying market tone. Institutional activity leaned heavily bullish across growth, financials, semiconductors, and crypto-linked exposure. Strong call buying and consistent premium collection through put selling reflected confidence in both directions and downside support.
Block activity reinforced positioning in major names, including Apple (AAPL), Advanced Micro Devices (AMD), Taiwan Semiconductor Manufacturing (TSM), Marvell Technology (MRVL), Oracle (ORCL), Meta Platforms (META), and Snap (SNAP). Financial exposure was also evident in Citigroup (C) and Nu Holdings (NU), while defensive confidence, through put selling, appeared in UnitedHealth Group (UNH).
Individual unusual activity confirmed the same themes. Bullish positioning extended into crypto and AI infrastructure-linked and high beta names, including IREN (IREN), Bitdeer Technologies Group (BTDR), TeraWulf (WULF), and iShares Ethereum Trust ETF (ETHA). Participation in semiconductors and infrastructure remained active through Intel (INTC) and Silicon Motion Technology (SIMO).
Insider activity remained mixed. U.S. insider selling was broad across large capitalization names, including Dell Technologies (DELL), Meta Platforms (META), and Alphabet (GOOGL), while Canadian insider buying was more concentrated in smaller resource names such as Relevant Gold (RGC.V), Zodiac Gold (ZAU.V), and Blackrock Silver (BRC.V).
Small-Cap Spotlight
Small-cap and speculative participation remained active, confirming that risk appetite is still present. The key distinction is that capital is moving selectively, not indiscriminately. Option activity in names such as Ondas (ONDS), Fermi (FRMI), and POET Technologies (POET) reflects continued engagement where technical setups and options flow align.
In Canada, smaller-cap participation also remained relevant, driven by continued interest in exploration and emerging technology names, reinforcing that speculative capital has not exited the market.
Conclusion
The session reinforced a market that is strong at the surface and rotating beneath it. The S&P 500 and Nasdaq reached new highs, the TSX continued to recover, and digital assets held elevated levels, with a potential breakout in the space still near. Leadership shifted into software, brokerages, crypto-linked exposure, and speculative growth, while prior leaders paused without breaking down. Options flow remained decisively bullish and continues to act as a leading signal. The broader structure remains constructive, but the session made one point clear. Direction is higher, but the path is no longer uniform. Rotation is now the defining feature, and that is where the edge is.
“A stop-loss is how you stay in sync with the market, not your opinion.”
Now, onto the daily setups.
US Daily Setups
AAPL – Apple, Inc.
Apple continues to position near an apex. Watch for breakout signals.
BITQ – Bitwise Crypto Industry Innovators ETF
The Bitwise Crypto ETF is pushing into resistance. Watch for breakout signals.
CCJ – Cameco Corp.
Cameco is pushing into resistance. Watch for breakout signals.
CIFR – Cipher Mining Inc.
Cipher Mining is seeing bullish options activity, as indicated by the unusual activity report. Watch for upward momentum.
COIN – Coinbase Global Inc.
Coinbase is now attempting to break above its downtrend line.
DG – Dollar General Corp.
Dollar General is testing an area of support. Watch for upside momentum.
ESEA – Euroseas, Ltd.
Euroseas appears to be set up on the right side of a base. Watch for breakout signals.
ESOA – Energy Services of America Corp.
Energy Services of America is attempting to move higher from a continuation pattern. Watch to see whether a trend can start to form above its moving averages.
ETHA – iShares Ethereum Trust ETF
The iShares Ethereum Trust ETF is seeing bullish option activity today. Watch for upside momentum.
GCT – GigaCloud Technology Inc.
GigaCloud Technology appears to be set up on the right side of a base. Watch for breakout signals.
HOOD – Robinhood Markets Inc.
Robinhood is seeing bullish option activity as price action continues its breakout.
IBIT – iShares Bitcoin Trust Beneficial Interest
The iShares Bitcoin Trust ETF continues to set up for a potential breakout.
IGV – iShares Expanded Tech-Software Sector ETF
The iShares Tech-Software ETF setup we started sharing after bullish option positioning appeared in the scanner results is now attempting to break out.
LUMN – Lumen Technologies Inc
Lumen Technologies is now attempting to break out from the recently highlighted pattern.
MSFT – Microsoft Corp.
Microsoft is now attempting to break out of the pattern we have been sharing. Watch to see whether price can reclaim resistance.
ORBS – Eightco Holdings Inc.
Eightco experienced bullish option activity at the end of the day. Watch for upside momentum.
Tickers: AAPL, BITQ, CCJ, CIFR, COIN, DG, ESEA, ESOA, ETHA, GCT, HOOD, IBIT, IGV, LUMN, MSFT, ORBS
Canadian Daily Setups
ARA.TO – Aclara Resources Inc.
Aclara Resources continues to set up near its apex. Watch for breakout signals.
CSU.TO – Constellation Software Inc.
Constellation Software appears to be forming a bottoming pattern. Watch to see whether price action can start to reclaim its downtrend line.
CURA.TO – Curaleaf Holdings, Inc.
Curaleaf and other cannabis-related names continue to appear on scan results as price action begins to expand from a tight trading range. This type of clustering often precedes broader group moves, especially when multiple names start showing up together. Keep the group on watch and monitor for any US-driven catalysts tied to MSOS ETF components that could support continuation.
DSG.TO – The Descartes Systems Group, Inc.
Descartes Systems is attempting to rebound from a key support level. Monitor for signs of continued strength to see if price can build toward a potential breakout.
EFR.TO – Energy Fuels, Inc.
Energy Fuels appears to be setting up on the right side of a base. Watch for upside momentum.
ETHH.TO – Purpose Ether ETF
The Purpose Ether ETF continues to set up for a potential breakout.
GMG.V – Graphene Manufacturing Group Ltd.
Graphene Manufacturing is now breaking out from the setup shared in the April 8th report.
IBIT.NE – iShares Bitcoin ETF
The iShares Bitcoin ETF continues to set up for a potential breakout.
LAC.TO – Lithium Americas Corp.
Lithium Americas could be worth keeping on a watchlist to monitor for signs of upside momentum.
MFC.TO – Manulife Financial Corp.
The Manulife Financial setup we have been sharing is now attempting to break out with the sector.
QNC.V – Quantum eMotion Corp.
Quantum eMotion is consolidating as a potential continuation wedge. Watch to see whether price can reclaim the horizontal resistance line.
SHOP.TO – Shopify Inc.
Shopify appears to be setting up below horizontal resistance. Watch for breakout signals.
X.TO – TMX Group Inc.
TMX Group is now breaking out from the setup we have been highlighting.
Tickers: ARA.TO, CSU.TO, CURA.TO, DSG.TO, EFR.TO, ETHH.TO, GMG.V, IBIT.NE, LAC.TO, MFC.TO, QNC.V, SHOP.TO, X.TO
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
(Stocks are sorted to highlight those with the strongest momentum at the time of the scan)
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.
MRLN, TSHA, PRLD, NEXA, ARTV, NUAI, AGL, NB, MAAS, NGNE, YSS, UAMY, DSP, PALI, AUR, AMWL, ADCT, OSS, MLYS, FIG, BBNX, PASW, PUBM, UMAC, LUMN, BETR, SSP, TE, NKLR, LBRX, ANNX, BFLY, AEO, IPSC, LNZA, LCUT, VIA, MIST, NRGV, OCGN, AZ, IRWD, TWLO, ZM, TTAN, FNKO, ONCY, SYRE, DAVE, TV, ARKO, CMPX, DNLI, UUUU, SEPN, KOPN, MANE, ALEC, BAND, SIMO, EQ, ONDS, RCKT, BVS, KINS, AVBP, ARWR, MNTN, ETOR, FJET, LXRX, NAUT, ACDC, FLYW, PLBY, PUMP, FIGS, DTIL, OGN, CRON, STTK, BETA, KZIA, RFIL, NKTX, BWAY, CNTN, YOU, SVCO, AIXI, ISOU, ALMS, CRDO, LMND, ZVRA, AMBQ, LOGC, IKT, NERV, TNGX, LGN, RELY, FTW, IRDM, CHYM, VSAT, IBTA, RLAY, CBLL, CVI, IMOS, RES, SABS, ECO, UEC, RCMT, VECO, CCCC, TYGO, VACH, NRC, AMCX, QUIK, DJCO, LUXE, MS, LC, SEV, VFC, CHRS, LUCD, MGM, FLNT, SBGI, CTRN, FTK, SLGL, TK, CABA, ACLS, CDNL, KLAR, AVGO, CGEM, GLUE, LPL, DLTH, RNG, SION, CRI, NRIX, TMQ, HFRO, VIR, PAGS, WLTH, NVTS, MITK, OOMA, GSM, WOLF, FRO, TSAT, MH, SYM, ESOA, URG, XZO, LAR, RVMD, UMC, IDCC, SGML, TDC, API, CMPS, LQDA, GCT, EXPE, GAP, OPRA, SMTC, AIRO, OMER, AGIO, STRO, TUSK, IBKR, IAC, IMVT, KODK, OMCL, PSEC, CCSI, ILPT, GTN, BKSY, PRAA, BCAX, ONC, HYPR, VNOM, DNN, DHX, GME, FCEL, NAT, SND, AMN, DIOD, ELDN, NXE, XFOR, ZNTL, IREN, TDAY, MIAX, OSIS, OPY, CFFI, MAKO, RCUS, ABUS, LPG, NBIS, RNGR, AAPL, ARX, EFXT, MX, IRD, NVEC, CRNT, NCDL, ZD, KRMN, DBI, WEST, ADTN, FRHC, KALV, TGT, ZYME, MTCH, CCAP, INSW, CZR, BW, CMBT, TBRG, ABNB, AOSL, VSH, SKYT, CTBI, MRNA, BEPC, AAMI, PRM, BNTC, TRMD, CCJ, EGBN, RIVN, FOSL, ROKU, EKSO, MAGS, BLSH, VRSN, SGHC, CNX, LCTX, TNK, MFC, FRST, HTHT, GBDC, WBI, POWW, OHI, SILC, NKTR, UPRO, JXN, NP, BNT, GYRE, AMPX, BIDU, VYGR, ARKQ, GNT, SOPH, TRIN, TXG, LTRX, TH, PRI, CELC, CTNM, VICR, PRLB, TSQ, CORZ, CORZQ, IMNM, DHCNL, ENGN, HYLN, RSI, BN, MXL, VATE, VSCO, SIRI, EYPT, KARO, BLX, HIMX, ELMD, PRTA, SAR, CSWC, ERAS, SLRC, MET, GPCR, HASI, ACRE, IMMX, LILAK, FTDR, RKLB, FNGS, NMR, RERE, VUG, GRCE, ATEN, CIEN, THW, XOMA, BAC, SITM, IWF, SLB, FUTU, INTC, SLF, UNM, CORN, VOYA, CEE, AIQ, IEP, MRCY, TBLD, UGP, DG, VCTR, C, EWTX, CLDX, XLK, AMKBY, GLNG, SEI, ALL, AAP, BEP, CAMP, ENVA, CACC, MUFG, SSO, STGW, ARGX, UI, AUDC, ILMN, SF, EVC, CASS, GAIN, LNTH, PIPR, CBOE, IIPR, JCAP, PL, TAC, QQQ, AVIR, BBDC, BF/A, PRVA, GHRS, JLL, NFBK, URGN, AHR, AXS, NFLX, PGP, SUPV, ASX, BHF, PDFS, ACGL, ESEA, FFIV, NLOP, OMC, BBAR, CROX, ESQ, WSO, BMA, SMMT, BIO, WLY, CRWV, HAS, MFG, GOOGL, BURL, BF/B, WTTR, CYRX, DX, AMD, GGT, HG, NVDA, NGEN, PBI, AMLX, BNS, GOOG, ZIM, EVMN, LOVE, FFIC, ACP, AQN, BK, HAFN, VWDRY, HALO, CPAY, QTUM, CM, GOLD, SMG, VSEC, LUV, NBXG, NLY, SI, FORM, BITQ, BMEA, IHRT, BLCO, HLIT, IDR, PLD, RDW, DCTH
Canadian Scanner Results
(Stocks are sorted to highlight those with the strongest momentum at the time of the scan)
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
GMG.V, QBTQ.CA, SYZ.TO, BTQ.NE, SRC.V, KDK.V, LIFT.CA, LIFT.V, MAXM.CA, HOOD.TO, GLAD.V, CURA.TO, SHOP.TO, WEED.TO, NURS.V, OGW.V, AGMR.TO, FORA.TO, ISC.TO, VRNO.NE, EU.V, OMG.V, EFR.TO, NEXX.CA, PDN.TO, OGI.TO, FIH/U.TO, AXCP.CA, RM.TO, CVO.TO, UBER.TO, HITI.V, CRON.TO, HCH.V, NOM.CA, ISO.TO, NKL.V, SLG.V, WELL.TO, GSI.V, PLTR.TO, URC.TO, MSFT.TO, CSU.TO, ROCK.V, TSAT.TO, ACB.TO, SPAI.CA, AVGO.TO, BLDP.TO, PMET.TO, EOG.V, GRZ.V, LSPD.TO, ORAC.TO, KXS.TO, MAXX.CA, ONEX.TO, CL.CA, SGML.V, DC/A.TO, QNC.V, GRGD.TO, URE.TO, IMP.TO, FISV.TO, VHI.TO, NOVO.TO, LAR.TO, BZ.V, TMQ.TO, CBK.CA, FDY.TO, AE.V, TNT/UN.TO, PYPL.TO, ATZ.TO, CHER.V, MDA.TO, ARIC.V, HME.V, NANO.TO, STLR.TO, AAPL.TO, LAC.TO, KSI.TO, BB.TO, FFM.TO, DML.TO, RDDT.TO, NXE.TO, TLO.TO, ATH.TO, CRWD.NE, CRWD.TO, MSM.CA, GRT/UN.TO, BAM.TO, ARA.TO, X.TO, ETL.V, EFX.TO, CCO.TO, DCM.TO, MKO.V, ASE.V, CDR.TO, DR.TO, MNO.TO, BEPC.TO, ALK.TO, SFC.TO, UG.CA, MFC.TO, ENGH.TO, QTWO.V, GUD.TO, HIVE.V, FTG.TO, ATRL.TO, BNT.TO, PALI.V, CGX.TO, BSX.TO, GWO.TO, BN.TO, PLZ/UN.TO, CEU.TO, LQWD.V, SBI.TO, ADW/A.TO, CSH/UN.TO, FFN.TO, NXR/UN.TO, INTC.TO, PHOS.CA, ALA.TO, SIA.TO, LFE.TO, SLF.TO, HOM/U.TO, META.TO, MVRS.NE, PGIC.TO, BEI/UN.TO, ALYA.TO, BEP/UN.TO, NVDA.TO, AP/UN.TO, LBS.TO, VISA.NE, WSP.TO, AIF.TO, CPX.TO, TA.TO, NFLX.TO, ELF.TO, STN.TO, GOOG.TO, FM.TO, LUN.TO, ARG.TO, FAR.TO, ALS.TO, HG.CA, IFC.TO, AMD.TO, CMG.TO, ET.TO, PML.V, USA.TO, TNZ.TO, NETZ.NE, NA.TO, CM.TO, DFN.TO, POW.TO, SXGC.TO, UCU.V, IAG.TO, RAY.TO, U/U.TO, CF.TO, BNS.TO, ORE.TO, NDM.TO, ZDC.V, TRZ.TO, DBG.V, FCR/UN.TO, PRL.TO, PMZ/UN.TO, TVE.TO, BK.TO, RFA.TO, PRV/UN.TO, CGG.TO, IGM.TO, SES.TO, TD.TO, MSA.TO, PBY/UN.TO, SBC.TO, BMO.TO, EQB.TO, DF.TO, PIC/A.TO
