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: We update the sector chartists every weekend. We highly recommend that you take some time to browse and create your watchlist. 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
Federal Reserve Sparks Market Surge, Dow Hits Record 37,000
In a move eagerly anticipated by Wall Street, the Federal Reserve’s decision to keep interest rates unchanged proved to be the catalyst for a significant uptick in the stock market. The Dow Jones Industrial Average soared to unprecedented heights, breaching the 37,000 mark for the first time in history.
Dow Jones Industrial Average
Investors were keenly eyeing the Federal Reserve’s signals on potential interest rate cuts in the coming year, and their expectations were met. The market responded enthusiastically on Wednesday as stocks surged following the central bank’s decision to maintain steady rates. Traders are currently assigning a 72% probability of a rate cut in March, up from 49% earlier on Wednesday, and a 94% likelihood by May, as reported by the CME Group’s FedWatch Tool.
S&P 500
The S&P 500 and the Nasdaq Composite both experienced notable gains of 1.4% each, mirroring the positive sentiment in the market. The Dow Jones Industrial Average settled at an all-time high of 37,090, reflecting the optimism that swept through the financial landscape.
The Federal Reserve’s announcement had a ripple effect on various market indicators. Treasury yields took a dip, and the dollar weakened, prompting a surge in gold prices. Lower interest rates tend to enhance the allure of holding zero-yield bullion, contributing to the precious metal’s upward trajectory. The 10-year Treasury yield slid by 17 basis points to 4.032% late Wednesday, marking a significant move as it tested its 40-week moving average or 200-day moving average for the first time since June.
10-Year US Treasury Yield
The price of Bitcoin is currently consolidating in the form of a bull flag continuation pattern, with the price action maintaining a position above the 20-day moving average. This consolidation follows an upward surge triggered by the Federal Reserve’s statements.
Bitcoin
As the year winds down, markets are unwrapping a Christmas rally for us. Picture this: the infamous ‘wall of worry we often talk about’ is corralling sideline money into the market. Now facing the daunting prospect of explaining why they gifted a lump of coal in their investors’ portfolios instead of joining the rally, money managers are reluctantly jumping into the holiday cheer as they chase this move higher. So, as we savor the festive season, keep a close eye on the charts—because, hey, sometimes the best gifts come in the form of market surprises. Now, onto the daily setups section!
US Daily Setups
CVNA – Carvana Co.
Carvana’s setup is gaining momentum, now pushing above the highlighted horizontal trigger line mentioned in the weekend report. Keep an eye on potential further developments.
LINK TO CHART – https://schrts.co/VHGqIudP
DIS – Walt Disney Co.
After its recent breakout, Walt Disney seems to be consolidating within a bullish flag continuation pattern. Keep a close watch for the potential of upside momentum.
LINK TO CHART – https://schrts.co/XATjkMsN
GDXJ – VanEck Vectors Junior Gold Miners ETF
Monitor the gold miners closely, especially as the VanEck Vectors Junior Gold Miners ETF has just executed what seems to be a violent breakout retest, presenting itself in the form of a bull flag.
LINK TO CHART – https://schrts.co/dPyfYXtF
RIOT – Riot Platforms, Inc.
Riot Platforms is attempting to move higher, indicating a potential breakout from a bull flag continuation pattern.
LINK TO CHART – https://schrts.co/UJSyFhSb
SCHW – Charles Schwab Corp.
Charles Schwab is showing signs of acceleration, moving higher from the trigger line highlighted in the recent analysis. Keep a close watch for continued upward momentum.
LINK TO CHART – https://schrts.co/hWXVastK
XP – XP Inc
XP continues to set up near the upper trendline of a continuation pattern. Keep a vigilant eye for the potential emergence of upside momentum.
LINK TO CHART – https://schrts.co/kcEPgNjh
Canadian Daily Setups
BTCC.TO – Purpose Bitcoin ETF
The Purpose Bitcoin ETF is attempting to trend higher from a bull flag continuation pattern, coinciding with the successful retest of the 20-day moving average in the price of Bitcoin. Keep an eye on potential developments.
LINK TO CHART – https://schrts.co/wescGJya
MDA.TO – MDA Ltd.
MDA seems to be attempting to trend higher from a multi-month continuation pattern. Pay attention to the large volume by price bar on the left side of the chart, indicating significant accumulation throughout the pattern.
LINK TO CHART – https://schrts.co/kUpXyeHD
MDI.TO – Major Drilling Group Intl, Inc.
Major Drilling is attempting to break out from a bottoming wedge pattern, accompanied by significant volume over the last month. Keep a close watch for potential developments.
LINK TO CHART – https://schrts.co/KpZcwIUV
WDO.TO – Wesdome Gold Mines Ltd.
Keep Wesdome Gold Mines under close watch, as price action seems to have retested the recent breakout from the bottoming pattern.
LINK TO CHART – https://schrts.co/BtjhQfdp
WPM.TO – Wheaton Precious Metals Corp.
Wheaton Precious Metals seems to be forming a potential bull flag continuation pattern. Monitor for further confirmation on the chart.
LINK TO CHART – https://schrts.co/EbHIUqRB
XGD.TO – iShares S&P/TSX Global Gold Index ETF
Monitor the gold miners closely, especially as the iShares S&P/TSX Global Gold Index ETF has just executed what seems to be a violent breakout retest, presenting itself in the form of a bull flag.
LINK TO CHART – https://schrts.co/WQTPKqRF
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 – 2023-12-13
A, AAON, AAPL, ABBNY, ABBV, ABNB, ABT, ACA, ACEL, ACIW, ACMR, ACN, ADEA, ADI, ADP, ADSK, AEE, AEL, AEM, AEO, AEP, AER, AES, AFL, AFRM, AFYA, AGI, AGM, AGO, AIG, AIT, AKAM, ALB, ALG, ALGN, ALK, ALKT, ALLE, ALPN, ALSN, ALV, AMAL, AMAT, AMCR, AMD, AME, AMGN, AMNB, AMP, AMPH, AMT, AMWD, AMZN, ANET, AON, AOS, APG, APH, APO, APOG, APP, APTV, ARBK, ARCB, ARCO, ARE, ARES, ARKK, ASML, ATEYY, ATGE, ATKR, ATO, ATR, AVAV, AVB, AVGO, AVY, AWI, AWK, AX, AXON, AYI, AZEK, AZO, AZUL, BA, BAC, BAESY, BAH, BALL, BAX, BBVA, BBWI, BCC, BCML, BCO, BCSF, BDX, BECN, BELFB, BEN, BFST, BG, BIIB, BIO, BITQ, BK, BKNG, BLBD, BLD, BLDR, BLK, BLOK, BLX, BMI, BMY, BPOP, BRBR, BRC, BRK/B, BRO, BRZE, BSBR, BSX, BSY, BUR, BVN, BWMX, BWXT, BX, BXP, C, CACI, CAG, CAH, CAPL, CARG, CARR, CASH, CASY, CAT, CBRE, CBZ, CCCS, CCEP, CCL, CCOI, CCS, CDNS, CDRE, CDW, CE, CELH, CENT, CENTA, CFG, CGBD, CHD, CHKP, CHRD, CINF, CL, CLH, CLS, CLSK, CLW, CLX, CMA, CMCSA, CMG, CMI, CMPR, CMS, CNA, CNC, CNM, CNO, CNP, COCO, COF, COIN, COKE, COLL, COO, COOP, COP, COPX, CORZQ, COST, CPB, CPRT, CPS, CPT, CRBG, CRC, CRESY, CRH, CRL, CRS, CRVL, CRWD, CSAN, CSGP, CSL, CSTM, CSWC, CSWI, CSX, CTAS, CTLT, CTSH, CUBI, CUK, CVI, CVNA, CVS, CW, CXT, D, DAC, DB, DBX, DCBO, DCI, DDOG, DE, DECK, DEFTF, DFS, DGX, DHI, DHR, DINO, DIS, DK, DKNG, DLR, DLTR, DOV, DOW, DRI, DRS, DSGR, DSGX, DTE, DUK, DUOL, DV, DVA, DVAX, DXCM, DY, E, EA, EADSY, EBAY, EC, ECL, ED, EFX, EHC, EIX, EL, ELF, ELTK, ELV, EME, EMN, EMR, ENPH, ENSG, ENTG, EPAC, EPAM, EQIX, EQR, EQT, ERIE, ERJ, ES, ESAB, ESE, ESQ, ESS, ET, ETHE, ETN, ETR, ETRN, ETSY, EVR, EVRG, EW, EXC, EXP, EXPD, EXR, F, FA, FAST, FBIN, FBP, FCNCA, FCX, FDIG, FDS, FDX, FE, FERG, FFIV, FI, FICO, FIS, FITB, FIVE, FIVN, FIX, FLEX, FLNC, FLR, FLS, FLT, FMC, FMX, FN, FNF, FOUR, FOX, FROG, FRSH, FRT, FSLR, FSS, FSV, FTAI, FTDR, FTI, FTNT, FTV, GBDC, GBTC, GBX, GD, GDX, GDXJ, GDYN, GEHC, GFF, GFI, GGG, GHC, GIB, GIII, GILD, GIS, GLD, GLNCY, GLOB, GLP, GLW, GMS, GNE, GNRC, GOLF, GPCR, GPI, GPN, GPOR, GRBK, GRC, GRMN, GRVY, GS, GSHD, GTLB, GVA, GWRE, GWW, H, HBAN, HCA, HD, HDSN, HEES, HEI, HES, HIBB, HIG, HII, HIVE, HLNE, HLT, HNI, HOLI, HON, HOV, HPE, HRB, HRI, HSBC, HSIC, HST, HUBS, HUM, HWKN, HWM, HY, IBCP, IBN, IBOC, IBP, ICE, ICFI, ICLR, IDT, IDXX, IESC, IEX, IFF, IHI, IIPR, ILMN, INCY, INFA, ING, INTA, INTU, INVH, IOT, IP, IPAR, IPG, IQV, IREN, IRM, ISRG, IT, ITA, ITB, ITCI, ITGR, ITRI, ITT, ITW, IVZ, IWF, IWM, JBHT, JELD, JHX, JKHY, JNJ, JOE, JPM, K, KAI, KBH, KDP, KEY, KEYS, KGC, KHC, KIM, KKR, KLAC, KMB, KMI, KMX, KNF, KO, KOF, KRE, KRT, KTOS, KVUE, L, LAD, LAUR, LBRT, LDOS, LECO, LEN, LEU, LH, LHX, LLY, LMB, LMND, LNT, LNTH, LNW, LOGI, LOW, LRCX, LRN, LSEA, LSPD, LULU, LW, LYB, LZ, LZB, MA, MAA, MAIN, MAMA, MANH, MAR, MARA, MAS, MBIN, MBLY, MBWM, MCD, MCHP, MCO, MDB, MDLZ, MDT, MEDP, MET, META, METV, MGM, MGRC, MHK, MHO, MITK, MKC, MKTX, MLI, MLM, MMC, MMYT, MNDY, MNST, MO, MOH, MOS, MPC, MPLX, MPWR, MRK, MRO, MS, MSA, MSCI, MSTR, MTB, MTCH, MTD, MTH, MTRN, MTSI, MU, MUSA, NBIX, NBN, NCLH, NCNO, NDAQ, NECB, NEE, NEM, NET, NEU, NHC, NI, NKE, NMIH, NOC, NOW, NPO, NRG, NS, NSC, NSIT, NSS, NSSC, NTB, NTNX, NTRS, NU, NUE, NVDA, NVMI, NVO, NVS, NWSA, NX, NXPI, NXT, NYT, O, OBDC, OC, ODC, OFG, OIH, OKE, OLED, OLLI, ON, ONON, ONTO, OR, ORLY, OSIS, OSK, OTIS, OVLY, OXY, OZK, PAG, PAM, PANW, PARR, PATK, PAX, PAY, PAYC, PAYX, PBA, PBR/A, PCAR, PCG, PEAK, PEG, PEP, PETQ, PFG, PG, PGTI, PH, PHM, PINS, PKE, PKG, PLAB, PLD, PLMR, PLTR, PLUS, PM, PNC, PNR, PNW, PODD, POOL, PPG, PPL, PR, PRG, PRI, PRIM, PRU, PSA, PSX, PWR, PWSC, PXD, PYPL, QCOM, QLYS, QQQ, QRVO, QSR, QTRX, RAMP, RBA, RBC, RDNT, REG, REGN, RELX, REVG, REX, RF, RHP, RIOT, RJF, RL, RMBS, RMD, ROAD, ROCK, ROK, ROL, ROP, ROST, ROVR, RPD, RPM, RRC, RS, RSG, RSP, RTX, RUSHA, RUSHB, RVTY, RWAY, RYAAY, RYAN, S, SAH, SAIC, SAP, SCCO, SCHW, SCS, SEDG, SEE, SFM, SHAK, SHOP, SHW, SIGI, SIL, SJM, SKM, SKX, SLB, SLV, SM, SMAR, SMH, SMLR, SN, SNA, SNAP, SNOW, SNPS, SNX, SO, SOVO, SPB, SPG, SPGI, SPSC, SPXC, SPY, SQSP, SRE, SSD, STE, STLA, STLD, STNE, STNG, STRL, STT, STX, SUM, SUN, SWK, SWKS, SXC, SXI, SYF, SYK, SYY, TAP, TBBK, TDG, TDW, TDY, TEAM, TECH, TEL, TER, TFC, TFX, TGS, TGT, THR, TIPT, TJX, TMHC, TMO, TNET, TNP, TOL, TPH, TPR, TRAK, TREX, TRI, TRIN, TRMD, TRNS, TROW, TRV, TS, TSCO, TSM, TSN, TSQ, TTD, TTE, TTEK, TTI, TWLO, TXT, TYL, UBS, UGP, UNH, UPBD, UPWK, URBN, URI, V, VECO, VGT, VIPS, VIV, VLGEA, VLO, VMC, VNOM, VOYA, VRNS, VRRM, VRSK, VRTX, VSEC, VST, VTOL, VTS, W, WAB, WDAY, WDO.TO, WFC, WFRD, WGMI, WING, WIRE, WIX, WM, WMS, WMT, WOR, WPM, WSM, WTFC, WTS, WTW, WWD, XHB, XLB, XLC, XLE, XLF, XLI, XLK, XLP, XLRE, XLU, XLV, XLY, XME, XOP, XP, YELP, YUM, ZS, ZTS
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 – 2023-12-13
AAPL.NE, ABX.TO, AC.TO, ACO/X.TO, ACQ.TO, AD/UN.TO, ADEN.TO, AEM.TO, AGF/B.TO, AGI.TO, AI.TO, AIF.TO, AIM.TO, AKE.TO, ALA.TO, AMC.TO, AMD.NE, AMZN.NE, AP/UN.TO, APR/UN.TO, AQN.TO, ARE.TO, ARG.TO, ARTG.V, ASTL.TO, ATD.TO, ATD/A.TO, ATH.TO, ATS.TO, AVGO.NE, AX/UN.TO, AYA.TO, BAM.TO, BAM/A.TO, BB.TO, BBD/B.TO, BBU/UN.TO, BBUC.TO, BCE.TO, BDGI.TO, BDI.TO, BDT.TO, BEI/UN.TO, BEP/UN.TO, BEPC.TO, BGI/UN.TO, BHC.TO, BIP/UN.TO, BIPC.TO, BITF.TO, BLDP.TO, BLN.TO, BLX.TO, BMO.TO, BN.TO, BNS.TO, BOS.TO, BRK.NE, BTB/UN.TO, BTO.TO, BYD.TO, CAD.V, CAR/UN.TO, CAS.TO, CCL/B.TO, CEE.TO, CEU.TO, CF.TO, CG.TO, CGO.TO, CHE/UN.TO, CHP/UN.TO, CHR.TO, CIA.TO, CIG.TO, CIGI.TO, CIX.TO, CLS.TO, CM.TO, CMG.TO, CNC.V, CNQ.TO, COST.NE, CPLF.TO, CPX.TO, CRR/UN.TO, CRT/UN.TO, CS.TO, CSH/UN.TO, CU.TO, CURA.CA, CWB.TO, D/UN.TO, DBM.TO, DCBO.TO, DF.TO, DFN.TO, DFN/PA.TO, DFY.TO, DGS.TO, DIR/UN.TO, DIS.NE, DIV.TO, DND.TO, DNTL.TO, DPM.TO, DRM.TO, DRX.TO, DSG.TO, ECN.TO, EDR.TO, EDV.TO, EIF.TO, EIT/UN.TO, ELD.TO, ELE.V, EMA.TO, EMP/A.TO, ENB.TO, ENGH.TO, ENS.TO, EQB.TO, ERE/UN.TO, ERO.TO, ESI.TO, ET.TO, ETG.TO, EXE.TO, FAR.TO, FC.TO, FCR/UN.TO, FFN.TO, FFN/PA.TO, FIH/U.TO, FIL.TO, FM.TO, FN.TO, FNV.TO, FOM.TO, FORA.TO, FR.TO, FSV.TO, FSZ.TO, FTN.TO, FTS.TO, FVI.TO, GFL.TO, GIB/A.TO, GIP.V, GOLD.TO, GOLD.V, GOOS.TO, GRT/UN.TO, GUD.TO, H.TO, HBM.TO, HD.NE, HDI.TO, HITI.V, HIVE.V, HOM/U.TO, HR/UN.TO, IAG.TO, IAU.TO, IGM.TO, IIP/UN.TO, ILLM.TO, INO/UN.TO, IPCO.TO, IVN.TO, JAG.TO, JWEL.TO, K.TO, KEY.TO, KITS.TO, KMP/UN.TO, KNT.TO, KPT.TO, KRR.TO, KXS.TO, L.TO, LAAC.TO, LB.TO, LBS.TO, LCS.TO, LCX.V, LEV.TO, LFE.TO, LIF.TO, LIRC.TO, LNR.TO, LSPD.TO, LUG.TO, LUN.TO, MATR.TO, MDA.TO, MDI.TO, MDP.TO, MFC.TO, MFG.V, MI/UN.TO, MKP.TO, MOGO.TO, MRE.TO, MRG/UN.TO, MTA.V, MTL.TO, MVRS.NE, MX.TO, NA.TO, NBLY.TO, NFI.TO, NGD.TO, NGT.TO, NOU.V, NPI.TO, NPK.TO, NTMC.CA, NTR.TO, NUAG.TO, NVDA.NE, NWC.TO, NWH/UN.TO, NXR/UN.TO, OGI.TO, OIII.V, OLA.TO, OR.TO, ORA.TO, ORL.TO, OSK.TO, OVV.TO, PAAS.TO, PALI.V, PAY.TO, PBH.TO, PET.TO, PHYS.TO, PIF.TO, PLC.TO, PLZ/UN.TO, PMZ/UN.TO, POW.TO, PPL.TO, PRMW.TO, PRU.TO, PRV/UN.TO, PSI.TO, PSLV.TO, PTI/UN.TO, PYPL.NE, PZA.TO, QBR/B.TO, QSR.TO, QTIP.NE, QTRH.TO, RAY/A.TO, RBA.TO, RCH.TO, RCI/B.TO, RCK.V, RDE.NE, REAL.TO, REI/UN.TO, RSI.TO, RUP.TO, RUS.TO, RY.TO, SAP.TO, SEA.TO, SES.TO, SGR/UN.TO, SHOP.TO, SIA.TO, SII.TO, SIL.TO, SIS.TO, SKE.TO, SLF.TO, SOY.TO, SRU/UN.TO, STLC.TO, SVI.TO, SVM.TO, SXP.TO, TCL/A.TO, TCN.TO, TD.TO, TECK/B.TO, TF.TO, TFPM.TO, TIH.TO, TIXT.TO, TKO.TO, TLRY.TO, TNT/UN.TO, TRI.TO, TROY.CA, TRP.TO, TVK.TO, TXG.TO, URB/A.TO, VET.TO, VGCX.TO, VNP.TO, WCN.TO, WDO.TO, WED.V, WELL.TO, WFG.TO, WJX.TO, WMT.NE, WN.TO, WPM.TO, WRN.TO, WSP.TO, WTE.TO, X.TO, ZZZ.TO