Notice: The Daily Report is provided for informational and educational purposes only and is not intended to be used as a stock-picking service or as financial advice. The charts and accompanying research are designed to support your analysis, serving as indicators rather than direct recommendations to buy or sell any security. The creator assumes no responsibility for actions taken by readers and strongly encourages individuals to fully understand the associated risks and potential outcomes before making investment decisions. Please note that any charts and/or information are intended to aid in research and should not be considered a definitive part of your personal trading strategy. Not all charts will lead to actionable buy or sell signals at any given time. Individuals should consider consulting a qualified financial advisor before making any investment decisions.
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.
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
Markets Rally on Fed Rate-Cut Optimism as Rate-Sensitive Sectors Lead; Small-Caps Break Out
Markets advanced Wednesday as softer inflation data reinforced expectations for an interest rate cut in September, fueling risk appetite across equities, cryptocurrencies, and select commodities. Fed funds futures reflected a 91.8% probability of a 25-basis-point cut next month, up sharply from 57.4% a month earlier. The inflation report, which broadly matched expectations, eased concerns over persistent price pressures and added momentum to the recent risk-on rally. Treasury yields dipped as investors positioned for a more accommodative policy stance, while U.S. stocks extended gains despite pockets of rotation beneath the surface.
Rate-sensitive sectors such as homebuilders and lumber producers led the advance, benefiting from the prospect of lower borrowing costs. The Dow Jones Industrial Average gained 1.04%, the S&P 500 rose 0.32%, and the Nasdaq Composite added 0.14%. Small-cap strength was a standout, with the Russell 2000 ETF (IWM) breaking out of its recent range, signaling a pickup in risk appetite. The Dow is now coiling near key resistance levels, setting up for a potential breakout should momentum persist.
The 10-year U.S. Treasury yield declined 5.5 basis points to 4.24%, continuing its retreat from early August highs. Softer inflation data earlier in the week and downward revisions to prior nonfarm payroll reports have reinforced expectations for a more accommodative Federal Reserve stance in the coming months. The bond market’s stability, paired with fiscal restraint signals from Washington, has provided a constructive backdrop for equities.
10-Year US Treasury Yield
Breadth & Major Index Charts
Market breadth improved sharply as small caps, financials, and select cyclical groups took leadership from technology. The S&P 500 and Nasdaq touched fresh record highs before finishing with more modest gains, reflecting some profit-taking in megacap tech. The Dow Jones Industrial Average rose strongly, while the Russell 2000 ETF surged to its highest level since December, building on a breakout earlier this week.
The rotation suggests investors are widening their exposure beyond the narrow leadership of recent months. Equal-weighted indexes outperformed, with the Invesco S&P 500 Equal Weight ETF gaining 1.4% and the First Trust Nasdaq 100 Equal Weighted Index ETF up nearly 1%.
S&P 500 – Daily Chart
Nasdaq – Daily Chart
Dow Jones Industrial Average – Daily Chart
Russell 2000 (ETF) – Daily Chart
TSX Recap
The TSX Composite Index rose 72.17 points, or 0.3%, to close at 27,993.43, marking a fresh all-time high and eclipsing Tuesday’s record close. Gains were driven by strength in the consumer discretionary, financial, and real estate sectors, offsetting weakness in technology.
Consumer discretionary stocks led the advance, climbing 2.4%, powered by a surge in Gildan Activewear (GIL.TO), which jumped 11.8% after agreeing to acquire U.S. undergarments maker Hanesbrands (HBI.N) for $2.2 billion. Hudbay Minerals (HBM.TO) also posted standout gains, soaring 14.8% after selling a 30% stake in its Arizona copper project to Mitsubishi for $600 million.
Financials, which carry significant weight in the index, added 0.7%, while real estate advanced 1.3% as Canadian bond yields eased, with the 10-year yield slipping 3.9 basis points to 3.396%. Technology stocks were the day’s primary drag, falling 1% amid selective rotation.
Investors remain positioned for continued monetary policy support, with the Bank of Canada expected to hold rates steady in September while keeping the door open for an October cut. The TSX maintains a constructive technical posture, with cyclical leadership and fresh record highs suggesting underlying market resilience.
TSX – Daily Chart
Crypto Surge
Cryptocurrencies extended their rally, with Ethereum (ETH) leading gains in what has been described as a “catch-up trade” relative to Bitcoin (BTC). Ethereum advanced toward its November 2021 all-time high of $4,865.81, closing near $4,721, just shy of the record. The move has been fueled by optimism following the May completion of the Pectra upgrade—its largest since 2022—aimed at enhancing speed and lowering transaction costs, alongside tailwinds from the recent Genius Act stablecoin legislation. Bitcoin hovered just below its own record at $122,554, maintaining momentum from its July peak as it attempts to break out. Both the iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) posted record closes, underscoring institutional inflows.
Bitcoin – Daily Chart
Ethereum – Daily Chart
Commodity Watch
Crude Oil fell to over two-month lows as supply guidance from the U.S. Energy Information Administration and the International Energy Agency weighed on sentiment. Brent crude settled down 0.7% at $65.63 a barrel, after touching $65.01—its lowest since June 6. WTI crude closed down 0.7% at $62.74 a barrel, with intraday lows of $61.94. U.S. crude inventories rose by 3 million barrels to 426.7 million, far exceeding analyst expectations for a draw.
Gold reversed a two-day losing streak, finishing 0.2% higher at $3,355.66 per troy ounce, marking gains in six of the past nine sessions. Support came from Treasury Secretary Scott Bessent’s call for a half-point rate cut in September, alongside softer CPI data, even as core inflation remains above 3%.
Silver climbed 1.56%, setting up for a potential breakout as it pushes toward overhead resistance.
Crude Oil – Daily Chart
Gold – Daily Chart
Silver – Daily Chart
Sector & Thematic Movers
Sector leadership broadened beyond technology. Homebuilders rallied sharply, with the SPDR S&P Homebuilders ETF (XHB) climbing 3.9% as falling mortgage rates improved sentiment. Financials and health care outperformed, while energy shares posted moderate gains despite softer crude prices. Industrials and metals also strengthened, aided by improved economic confidence and a rotation into cyclical sectors.
Technology showed pockets of weakness as AI infrastructure and data center names, including CoreWeave (CRWV), Oracle (ORCL), and Vertiv (VRT), faced selling pressure. However, semiconductor strength persisted, with Advanced Micro Devices (AMD) jumping more than 5% and Nvidia (NVDA) holding near record territory.
Stock Movers
Earnings and technical setups drove several notable single-stock moves. Blackstone (BX) rose on heavy volume as it approached the apex of a bullish cup-with-handle structure. ELF Beauty (ELF) rallied more than 5%, extending its rebound since late July. KLA Corp. (KLAC) and Tempus AI (TEM) advanced through key technical levels, with Tempus benefiting from its profile as a high-conviction holding for both institutional investors and public figures.
In China-linked names, Tencent (TCEHY) jumped 7.4% following robust earnings, while Alibaba (BABA) gained 3.6% to a 12-week high ahead of its earnings release. The iShares MSCI China ETF (MCHI) reached its highest level in more than three years.
Paramount Skydance (PSKY) jumped 36.74%, its largest single-day percentage gain on record, with volume exceeding 132 million shares against a 65-day average of under 12 million. The rally, fueled by short interest of 13.4% of the float, came without a company announcement, reinforcing speculation that a meme-stock-style squeeze drove the move. Shares of Warner Bros. Discovery (WBD) gained 7.40%, Disney (DIS) rose 2.57%, and Comcast (CMCSA) added 2.62% in sympathy. Other speculative surges were noted in Kohl’s (KSS) up 9.12% and Krispy Kreme (DNUT) up 2.72%.
Options & Insider Flow
Options markets reflected a decisive bullish tilt. Heavy institutional put selling in Accenture (ACN) and Avis Budget Group (CAR) signaled confidence in price stability. Call buying dominated in Tesla (TSLA), Intel (INTC), Alibaba (BABA), Advanced Micro Devices (AMD), and First Solar (FSLR), alongside aggressive upside positioning in Bitcoin proxies through iShares Bitcoin Trust (IBIT).
Notable individual trades included long-dated call accumulation in Apple (AAPL), deep in-the-money calls in Etsy (ETSY), and concentrated upside positioning in Marvell Technology (MRVL), Navitas Semiconductor (NVTS), and ImmunityBio (IBRX).
Insider activity was equally robust. In the U.S., significant purchases were reported at Eli Lilly (LLY), Ryman Hospitality Properties (RHP), and Xponential Fitness (XPOF), among others. Canadian filings showed notable buys in Tourmaline Oil (TOU), Pembina Pipeline (PPL), and Canadian Tire (CTC.A). Large institutional disclosures highlighted increased stakes by major asset managers in companies spanning energy, technology, retail, and biotechnology.
Small-Cap Spotlight
Small caps extended their leadership streak, with the Russell 2000 (IWM) up 2% for the day and more than 7% for the quarter-to-date. Speculative appetite was evident in extreme moves from microcap names Momentus (MNTS) and Bolt Projects (BSLK), which surged on massive volume spikes. Technical setups in emerging growth names such as Bitdeer Technologies (BTDR), Rigetti Computing (RGTI), and TeraWulf (WULF) remain closely watched, with chart structures showing potential for continuation.
Conclusion
Wednesday’s session underscored a meaningful broadening of market leadership, with gains extending well beyond megacap technology into small caps, cyclicals, financials, and select international markets. This rotation, supported by falling yields, steady earnings, and strong market breadth, suggests a healthier foundation for the rally. The day’s action reflected a continuation of the summer advance, underpinned by easing inflation concerns, targeted sector surges, and a speculative boost from crypto-related assets. Pockets of aggressive short-covering further amplified gains in certain equities, even as profit-taking emerged in stretched areas such as AI infrastructure, underscoring the need for selectivity. With expectations for a September rate cut now firmly priced in, upcoming economic data and corporate guidance will be key in determining whether the momentum can carry through the latter part of August or if leadership will revert to technology.
Momentum is your friend until it’s not—your stop tells you when the friendship is over.
Now, onto the daily setups.
US Daily Setups
AAPL – Apple, Inc.
Apple continues to attempt its breakout.
BTDR – Bitdeer Technologies Group
Bitdeer Technologies appears to be setting up near the apex of a consolidation area. Monitor for signs of upside momentum, which may lead to a breakout.
BTU – Peabody Energy Corp.
Peabody Energy is attempting to move higher from a bottoming pattern as price action walks above its upward sloping moving averages.
CRNC – Cerence Inc.
Cerence is breaking out from the pattern highlighted yesterday.
FTAI – FTAI Aviation Ltd.
FTAI Aviation appears to be setting up below horizontal resistance. Monitor for any potential breakout signs.
IBIT – iShares Bitcoin Trust Beneficial Interest
iShares Bitcoin Trust is now attempting to break out from the pattern we’ve been highlighting.
LPX – Louisiana Pacific Corp.
Louisiana Pacific is attempting to break out from a continuation pattern that has formed over multiple months.
NVTS – Navitas Semiconductor Corporation
Navitas Semiconductor saw bullish option activity today. Monitor for continued signs of upside momentum.
PCAR – PACCAR, Inc.
PACCAR appears to be consolidating in the form of a continuation pattern. Monitor for upside momentum, which may lead to a breakout.
RGTI – Rigetti Computing, Inc.
Rigetti Computing is attempting to break out from the right side of a multiple-month base with increased volume.
WULF – TeraWulf Inc.
TeraWulf continues to set up for a potential breakout.
XHB – SPDR S&P Homebuilders ETF
SPDR S&P Homebuilders appears to be breaking out from the continuation pattern we have been highlighting.
LINK TO CHART – https://schrts.co/IkEVwSMq
Canadian Daily Setups
ARG.TO – Amerigo Resources Ltd.
Amerigo Resources is consolidating in the form of a potential bullish flag. Monitor for any potential breakout signals.
BTCC.TO – Purpose Bitcoin ETF
Purpose Bitcoin is now attempting to break out from our setup as price action trends above its upward sloping moving averages, in line with the system rules highlighted at the top of each report.
GGD.TO – GoGold Resources Inc.
GoGold Resources appears to be consolidating in the form of an ascending triangle positioned just below its 52-week high. Monitor for any continuation of the uptrend.
HUT.TO – Hut 8 Mining Corp
Hut 8 Mining is now attempting to break out from the setup we have been highlighting.
PNG.V – Kraken Robotics Inc.
Kraken Robotics is now consolidating below its 52-week high. Monitor to see if its upward-sloping moving averages can help push price action toward a breakout.
TKO.TO – Taseko Mines Ltd.
Taseko Mines is consolidating in the form of a potential bullish flag as the PPO momentum indicator attempts to curl higher from the zero line.
TRP.TO – TC Energy Corporation
TC Energy is now attempting to break out from the recently highlighted pattern.
U/UN.TO – Sprott Physical Uranium Trust
Sprott Physical Uranium appears to be setting up on the right side of a bottoming pattern. Monitor for any potential breakout signals.
WFG.TO – West Fraser Timber Co. Ltd.
West Fraser is attempting to break out from a bottoming pattern.
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.
PSKY, EDIT, NEGG, PRPL, CRNC, BETR, LPL, VALN, NIU, SLDP, CELU, OUST, ABVE, HBM, DMAC, DNA, RERE, DFH, NKTX, HI, NUVB, MAPS, ARWR, CPRI, MSOS, GIL, APLS, MODG, ENTA, PLBY, RGNX, ALAR, IMAB, ESEA, HOUS, ORKA, DOUG, IDR, BMBL, IVA, NUTX, LMND, KSS, MGIC, NKTR, MASS, CRBU, CHWY, DSGN, PBYI, AIRS, OTLY, FDMT, ESPR, LENZ, HYMC, RRX, OUT, AEO, PLUG, INDI, ALMU, AMPG, VNTG, PII, RDNT, PGY, INBX, LPX, RKT, MEIP, CLF, ABCL, HOG, MATV, PTON, CTEV, CMCL, FFAI, ALTG, CYRX, HIPO, BE, BC, FUTU, ONC, BLFS, VSAT, NVRI, BILI, JBI, ONEW, DLO, RILY, SEG, LIF, SRAD, HLF, RGTI, PTCT, MTCH, NB, METCB, GH, DJCO, PGEN, AUPH, NX, AQST, HOV, ARQT, SY, ASO, RIGL, BZH, PGNY, BTDR, COOP, MHO, PFSI, WGS, NVTS, POOL, GRBK, FSFG, OPRX, DHCNI, GCT, ESLT, GCI, CACI, PAGS, HLIO, LEN/B, QXO, MATW, MHK, BW, CWK, SEDG, AMD, EMX, CXDO, FA, PHM, SGHC, QD, FOXA, PATK, CCB, CMC, MD, ELF, DRTS, MRUS, INCY, LEN, FOX, ATRA, ADCT, BLDR, CRMD, LYFT, DBRG, HAYW, TITN, CLDX, AMRC, FIGS, FSTR, HLMN, TEM, ARHS, ASTE, FOXF, CLLS, NATL, VFF, HZO, ETHE, MAS, MIST, CTRN, NSSC, WILC, MTH, RDDT, HROW, LIVN, ADNT, ALB, LXRX, CGNX, CLCO, LOW, FTDR, GXO, ALM, EMBC, ASIC, BTBT, PI, CELC, DHI, JLL, KAI, ODP, AAP, LQDA, CVCO, NYT, ACLS, DFDV, ROKU, MITT, ITB, JCAP, GPRE, KEN, DORM, ATRO, COMP, NVAX, JRVR, RZLT, AS, FBK, OI, PAHC, RCMT, ENLT, NVR, TBPH, BWAY, BHST, BKTI, LCII, NMRK, BYDDF, DDS, IONS, ALLT, BYDDY, AOMR, MDGL, PTGX, MGTX, AGCO, CNTB, EXPI, AXSM, NXST, KBH, AIRO, CAKE, EL, EBAY, LUXE, CSL, HTH, BRSL, EOSE, ATMU, COGT, HBI, BIDU, TRVI, QUAD, CCSI, AEHR, COUR, LDI, BSET, BABA, HURN, FLGT, HUT, KRMD, KWEB, SN, GTES, FWONK, LAMR, LII, SGI, BWA, DOCS, PPBI, PRCH, COLB, DOLE, IDYA, FWONA, IRON, CCNE, MANH, NUS, JHX, TCI, AZN, GPI, AMTM, FOSL, GOTU, JBTM, MCRB, NMG, GHM, SUPN, HRMY, CCL, STNE, CYD, LTM, GFF, MMS, BITW, OPRT, PVLA, VITL, FUBO, AVAL, ADUR, PAY, PRLB, SOUN, AOS, ARW, H, ULTA, HSII, NFBK, NVST, EXP, LFUS, BURL, EXPE, BLD, HXL, METC, MITK, ADT, ASMB, NUE, BTSG, CBRL, NKE, EGFEY, ADEA, RDVT, RPM, WOR, CMRE, HHH, NGVT, BANC, ENIC, FXI, IDT, DAN, NTES, SHW, REVG, CSGS, LSCC, KFS, PFGC, RNST, CLMB, SONY, STRT, HCSG, STLD, ADUS, BAYRY, CRML, AN, JEF, PHR, DD, ECVT, TKO, ABEO, CSTM, FHI, HD, KALU, BZ, HG, ILPT, FELE, IBIT, IRTC, NWSA, SFBS, TDF, AVDL, GBCI, FBTC, HUBB, ONIT, ROK, ALK, BITO, HGTY, RUSHA, BTCW, DCI, FSM, PNR, GBTC, ADPT, BRRR, MTUS, PAG, ARDX, CPF, NDSN, NEWT, PHIN, AVT, ELTX, GSM, IPGP, PLUS, FIHL, HAS, KNSA, LAZ, TARS, FMS, PPIH, SBSI, BBIO, GLDD, ITW, AZZ, EFC, GM, IIIV, GAIN, GRAB, MGNI, AUB, PFS, HIW, LOB, AAGIY, CUK, DIS, HUM, MOFG, VPG, FAF, GGG, SHCO, MPWR, PCH, SNA, MAC, RDY, LAW, PLPC, BCE, CXT, CNH, CWCO, DOX, LU, PX, ASB, CELH, COHU, CPS, ATLC, GPC, ALV, CHMI, LBTYA, EYPT, RBCAA, ADI, FTAI, TPR, ATRC, AB, CMPO, STEL, ALG, DCOM, ETD, FSV, GSK, CHCI, WRLD, EVCM, ITIC, AEIS, GRCE, BWMN, CIGI, GNTY, HQL, IQV, LNVGY, IBB, MFA, OZK, PSN, LNC, MESO, CCRD, IVZ, NGS, NWS, ABCB, CBRE, EVR, GLP, GNL, HGV, PRM, R, FNB, GTN, JXN, MGA, NPK, BCO, CIM, HST, CCBG, LDOS, AHCO, CLH, PLOW, BRC, PCT, LGND, BCRX, ADM, CADE, NBBK, NCLH, RM, TDUP, BDC, BKU, BTG, NBIX, PSX, AGNC, OSK, MCRI, QURE, CBL, KN, LEVI, LNN, LZ, SXT, AFL, GABC, JOE, PRK, GOSS, PFE, MTRN, SNX, CON, OPBK, GEL, BFC, CDTX, RYN, RF, APUS
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
ISTK.CA, EDT.TO, SPTZ.CA, TLRY.TO, TRUL.CA, ONC.TO, TER.CA, TSND.TO, BZ.V, HBM.TO, VRNO.NE, CURA.TO, BNXT.CA, XPHY.CA, NEXM.V, GIL.TO, MRE.TO, BYD.TO, AIDX.TO, APM.TO, PNPN.V, SWAN.V, AMX.V, GTII.CA, BLDP.TO, GDNS.CA, APXC.CA, ONYX.V, CL.CA, MSA.TO, TKO.TO, WEED.TO, WAM.V, DC/A.TO, GASX.V, REAL.TO, GLAD.V, RML.V, ETHC.NE, AMD.NE, AMD.TO, ACB.TO, WFG.TO, GGD.TO, AIF.TO, ETHH.TO, TFII.TO, SLS.TO, CFP.TO, ARTG.V, OTEX.TO, LNR.TO, EMX.V, RSI.TO, AII.TO, DOO.TO, WELL.TO, HIVE.V, LAC.TO, III.TO, LCX.V, MX.TO, YGR.TO, FTG.TO, AGMR.V, ADEN.TO, AIM.TO, ADBE.NE, FEC.TO, FWZ.V, BBUC.TO, HITI.V, PYPL.NE, HUT.TO, ISO.TO, KLD.V, PNG.V, ETL.V, CS.TO, ATZ.TO, DHT/UN.TO, BB.TO, U/U.TO, FFM.TO, URL.CA, FVI.TO, BOIL.CA, SJ.TO, CVO.TO, HD.NE, SCOT.V, XTC.TO, BTO.TO, DBM.TO, CRON.TO, DEME.CA, TUNG.CA, CBK.CA, FDY.TO, BHC.TO, CF.TO, RET/A.V, MFI.TO, ASCU.TO, DTOL.TO, EIF.TO, LGC.V, ZDC.V, BCE.TO, AP/UN.TO, ACX.TO, FAR.TO, PFE.NE, NOU.TO, NOU.V, MG.TO, CIG.TO, CIGI.TO, VGZ.TO, DV.V, FSV.TO, INTC.NE, ERO.TO, HSLV.TO, RCH.TO, AFM.V, TRZ.TO, RCI/B.TO, DSV.TO, VROY.V, ABRA.TO, KBL.TO, BITF.TO, TRP.TO, CJT.TO, ASML.NE, AAPL.NE, AAPL.TO, GRGD.TO, DCBO.TO, TD.TO, U/UN.TO, PSLV.TO, GLXY.TO, NOA.TO, STGO.TO, SVI.TO, SOBO.TO, SAP.TO, QBR/B.TO, CVE.TO, NCI.V, ABX.TO, PALI.V, PMET.TO, MEG.TO, AMZN.NE, AMZN.TO, SRU/UN.TO, NGD.TO, SVM.TO, PIC/A.TO, CHP/UN.TO, SSRM.TO, DIV.TO, WGX.TO, TIXT.TO, FCR/UN.TO, GRT/UN.TO, IAG.TO, BMO.TO, CRR/UN.TO, AFN.TO, RBA.TO, FTT.TO, PKI.TO, PRV/UN.TO, T.TO, TIH.TO, ONEX.TO
