SYS Research – Daily Report – Wednesday, February 14, 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: 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.

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SYS Daily Report

Markets Rebound as UK Inflation Cools and Dovish Signals Prevail

Exhibiting resilience, the S&P 500 and Nasdaq orchestrated a robust recovery, skillfully reversing their two-day losing streaks through a bull flag retest of the recent breakout line and the 21-day exponential moving average. The Dow Jones Industrial Average also closed higher, staging a comeback after experiencing its most significant drop in nearly a year. Today’s positive trajectory was propelled by cooler-than-expected U.K. inflation data and dovish remarks from Chicago Fed President Austan Goolsbee, setting the stage for a market rebound.

The Dow Jones Industrial Average saw a gain of approximately 150 points, marking a 0.4% increase. The S&P 500 surged by 1%, and the Nasdaq Composite rose by 1.3%, while the Russell 2000 experienced a notable 2.4% rally following Tuesday’s substantial decline. Notably, nine of the S&P 500’s 11 sectors closed in positive territory. Consolidating around these levels for a while could be ideal, preventing the market from becoming overextended. This scenario would not only pave the way for the emergence of new setups in scanner results but could also provide a conducive environment for current breakouts to potentially reset and create new buying opportunities.

Dow Jones Industrial Average – Daily Chart

S&P 500 – Daily Chart

Nasdaq – Daily Chart

Russell 2000 (ETF) – Weekly Chart

Wednesday’s market breadth showcased strength, a stark contrast to the previous day when losers dominated winners.

The Red-Light/Green-Light Breadth System

The 10-year Treasury yield, which soared on Tuesday, retreated as low as 4.246%, offering relief to investors.

10-Year US Treasury Yield

In the realm of cryptocurrency, Bitcoin exhibited resilience, surging off its retest level as highlighted in yesterday’s Slack Workspace. The robust momentum in Bitcoin prices augurs well for Bitcoin mining stocks, as observed today. This consistent positive performance reinforces Bitcoin’s status as a beneficial asset for investors

Bitcoin – Daily Chart

In conclusion, today’s market rebound, fueled by favorable economic data and dovish signals, positions the market for potential stability and new opportunities. Investors remain vigilant, capitalizing on the lessons learned from previous pullbacks and staying attuned to market dynamics.

US Daily Setups

AMD – Advanced Micro Devices, Inc.

AMD is attempting to trend higher from its continuation pennant.

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

 

CFLT – Confluent Inc.

Confluent is attempting to break out from a bull flag continuation pattern.

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

 

ENPH – Enphase Energy Inc.

Enphase Energy continues to attempt to break out from its bottoming pattern.

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

 

HUT – Hut 8 Mining Corp.

Hut 8 Mining is a setup we’ve been sharing in the Canadian section of the report. Price action is now attempting to break out above the horizontal resistance line. Keep an eye on the large volume by price bar on the left side of the chart.

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

 

PLTR – Palantir Technologies, Inc.

Palantir is consolidating in the form of a bull flag continuation pattern. Monitor for any signs of upside strength.

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

 

VTSI – VirTra, Inc.

VirTra is attempting to break out from a continuation pattern, propelled by a very bullish volume profile.

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

 

Canadian Daily Setups

ADEN.TO – Adentra Inc.

Adentra is attempting to break out from a significant multi-year rounded bottom base.

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

 

AEP.V – Atlas Engineered Products Ltd.

Atlas Engineered Products is attempting to break out from an area of consolidation with bullish volume.

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

 

CP.TO – Canadian Pacific Railway

Canadian Pacific Railway is consolidating in the form of a potential bull flag continuation pattern. Keep an eye out for any signs of upside strength.

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

 

GSY.TO – goeasy Ltd.

goeasy is attempting to break out from a potential bull flag continuation pattern on the weekly chart.

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

 

HUT.TO – Hut 8 Mining Corp

Hut 8 Mining now appears to be breaking out from the bottoming pattern that we’ve been highlighting.

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

 

TFII.TO – TFI International Inc.

TFI International is attempting a new all-time high breakout from a significant multi-year consolidation pattern.

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

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 – 2024-02-14

A, AAL, AAON, ABBNY, ABBV, ABT, ACA, ACGL, ACIW, ACM, ACMR, ACN, ADM, ADP, ADSK, AEL, AFYA, AGM, AGO, AGYS, AIR, AIT, AIZ, AJG, ALG, ALGN, ALKT, ALL, ALLE, ALSN, ALTR, AMAT, AMD, AME, AMR, AMWD, AMZN, ANF, AOS, APG, APH, APLS, APO, APP, APPF, ARBK, ARCB, ARCH, ARES, ARKK, ASML, ASND, ASR, ATI, ATR, AVAV, AVDX, AVY, AWI, AX, AXON, AYI, AZZ, BAC, BALL, BAM, BBVA, BBWI, BBY, BCC, BCO, BECN, BELFB, BF/B, BIO, BITO, BITQ, BITW, BLBD, BLD, BLDR, BLK, BLOK, BPOP, BRC, BRK/B, BRO, BRZE, BSX, BTBT, BVN, BWXT, BX, BYRN, C, CAMT, CARG, CASY, CAT, CB, CBRE, CBT, CBZ, CCCS, CCS, CDNS, CDRE, CDW, CE, CECO, CEG, CELH, CENT, CENTA, CF, CFL, CHKP, CIEN, CINF, CL, CLH, CLS, CME, CMG, CMI, CMPR, CMS, CNA, CNC, CNP, COF, COIN, COOP, COR, COST, CPA, CPS, CQP, CR, CRBG, CRH, CRL, CRM, CRS, CRSP, CRVL, CRWD, CSCO, CSL, CSWI, CSX, CTAS, CTLT, CTSH, CUBI, CVLG, CVLT, CVNA, CW, CWAN, CXT, D, DAL, DASH, DAY, DB, DBX, DCBO, DDOG, DECK, DEFTF, DELL, DFH, DFIN, DGHI, DHI, DHR, DIS, DKNG, DLR, DMLP, DOCN, DPZ, DRS, DSGR, DSGX, DTE, DUOL, DV, DVA, DY, EA, EADSY, EBAY, EDU, EFX, EG, ELV, EME, EMR, ENPH, ENSG, ENTG, EPAC, EPD, EQIX, ERIE, ERJ, ESOA, ESTC, ET, ETHE, ETN, ETSY, EWBC, EXP, FA, FANG, FAST, FCFS, FCNCA, FDIG, FI, FICO, FIS, FIVN, FIX, FLEX, FLR, FLS, FMX, FN, FNF, FOR, FOX, FROG, FRPT, FSLR, FSS, FSV, FTAI, FTDR, FTI, FTNT, FTV, FWRG, GBDC, GBX, GD, GDYN, GE, GEHC, GFF, GGG, GIB, GIII, GLOB, GLRE, GLW, GMS, GOLF, GPC, GPN, GPOR, GPS, GRBK, GRC, GRMN, GSHD, GSK, GTLB, GVA, GWRE, GWW, H, HAS, HBAN, HCI, HD, HDSN, HEES, HEI, HIBB, HIG, HII, HIVE, HLNE, HLT, HNI, HOV, HQY, HSBC, HST, HUBB, HUBS, HURN, HUT, HWKN, HWM, HY, IBN, IBOC, IBP, ICE, ICFI, ICLR, IDCC, IDR, IDT, IDXX, IESC, IEX, IHG, IHI, ILMN, IMO, INFA, INTA, INTC, INTU, IOT, IQV, IR, IREN, IRM, ISRG, ITA, ITB, ITCI, ITRI, ITRN, ITT, IWF, IWM, J, JBHT, JBL, JCI, JELD, JKHY, JPM, KAI, KBH, KD, KLAC, KNF, KOF, KOP, KR, KRT, KSPI, KTOS, L, LAD, LAUR, LECO, LEN, LH, LHX, LII, LINC, LKQ, LLY, LMB, LMND, LNW, LOGI, LOW, LRCX, LUV, LVS, LYV, LZB, MA, MANH, MARA, MAS, MBC, MBIN, MDB, MEDP, MELI, MET, META, METC, METV, MFC, MHO, MLI, MLM, MLR, MMC, MNDY, MO, MOD, MOH, MPLX, MPTI, MPWR, MRK, MSFT, MSM, MSTR, MTB, MTCH, MTRN, MTSI, MYRG, NATR, NDSN, NET, NFLX, NGS, NICE, NKE, NMIH, NOW, NPO, NSC, NSIT, NSSC, NTB, NTNX, NTRA, NU, NUE, NVDA, NVMI, NVO, NVT, NWS, NWSA, NX, NXPI, NXT, ODFL, ODP, OKTA, OLED, ON, ONTO, ORLY, OSIS, OSK, OTIS, OZK, PAGS, PAM, PARA, PARR, PATH, PATK, PAYX, PCAR, PCOR, PDD, PEG, PETQ, PFGC, PGR, PH, PHM, PKG, PLAB, PLMR, PLTR, PLUS, PNC, PNR, PNTG, POOL, POWL, POWW, PPG, PR, PRCT, PRI, PRIM, PRU, PTC, PWR, PWSC, QCOM, QQQ, QRVO, QTRX, RACE, RBA, RBC, RBLX, RDNT, RDY, REGN, RELX, REVG, REX, RF, RGA, RHP, RIOT, RJF, RL, ROAD, ROCK, ROL, RPD, RS, RSG, RSP, RTX, RUM, RUSHA, RWAY, RYAAY, SAIA, SAIC, SAP, SCS, SFM, SHOP, SHW, SIGI, SKM, SKWD, SMCI, SMH, SMLR, SNAP, SNOW, SNPS, SNX, SPB, SPOT, SPXC, SPY, SQ, SQSP, SSD, STE, STLA, STLD, STN, STNE, STRL, SUM, SUN, SWBI, SWKS, SXC, SYF, SYK, TDG, TECH, TEL, TENB, TER, TIPT, TKR, TMHC, TMO, TNC, TNP, TOL, TPH, TPR, TPX, TRAK, TREX, TRI, TRMB, TRV, TSCO, TSQ, TT, TTD, TW, TWLO, TYL, U, UAL, UBER, UNP, UPWK, URBN, URI, URNM, USFD, V, VECO, VERX, VFC, VGT, VIPS, VIST, VIV, VLGEA, VLTO, VMC, VNOM, VNT, VRNS, VRSK, VRT, VSEC, VTR, VTRS, VTSI, WAT, WDAY, WDC, WELL, WEST, WGMI, WING, WIX, WMG, WMS, WRB, WRK, WST, WTFC, WTW, WWD, WYNN, XHB, XLB, XLC, XLF, XLI, XLK, XLV, XLY, XP, XYL, YPF, YUM, Z, ZBRA, ZION, ZS

 

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 – 2024-02-14

AAWH/U.CA, AC.TO, AD/UN.TO, ADEN.TO, AEP.V, AIF.TO, AMD.NE, AMZN.NE, AQN.TO, ARTG.V, ATD.TO, ATD/A.TO, BAM.TO, BB.TO, BBD/B.TO, BDT.TO, BEI/UN.TO, BIP/UN.TO, BIPC.TO, BITF.TO, BK.TO, BLDP.TO, BLN.TO, BMO.TO, BNS.TO, BPF/UN.TO, BRM.V, BYD.TO, CAD.V, CAR/UN.TO, CAS.TO, CCA.TO, CCL/B.TO, CDR.TO, CF.TO, CFP.TO, CGX.TO, CIG.TO, CIGI.TO, CITI.NE, CIX.TO, CJT.TO, CLP/UN.TO, CLS.TO, CM.TO, CMG.TO, CNR.TO, CP.TO, CPH.TO, CRM.NE, CRON.TO, CRR/UN.TO, CS.TO, CSCO.NE, CSH/UN.TO, CSU.TO, CTS.TO, CXB.TO, DBM.TO, DCM.TO, DE.V, DFY.TO, DGHI.V, DGS.TO, DIS.NE, DNTL.TO, DOL.TO, DSG.TO, EFN.TO, EIF.TO, EQX.TO, ETHC.NE, ETHH.TO, EXE.TO, FCR/UN.TO, FFH.TO, FSV.TO, FSZ.TO, FTG.TO, FTN.TO, GFL.TO, GIB/A.TO, GIL.TO, GLO.TO, GLXY.TO, GOOS.TO, GRT/UN.TO, GSY.TO, GTII.CA, H.TO, HBM.TO, HDI.TO, HITI.V, HIVE.V, HMM/A.TO, HPS/A.TO, HUT.TO, HWX.TO, IAG.TO, IFC.TO, IGM.TO, IIP/UN.TO, IMG.TO, JFS/UN.TO, KMP/UN.TO, KSI.TO, KXS.TO, L.TO, LAAC.TO, LBS.TO, LLY.NE, LMN.V, MATR.TO, MDA.TO, MEG.TO, MFC.TO, MKP.TO, MRU.TO, MSFT.NE, MTL.TO, MVRS.NE, MX.TO, NA.TO, NFI.TO, NFLX.NE, NPI.TO, NVDA.NE, NVEI.TO, NWC.TO, OGI.TO, OLA.TO, ONEX.TO, OVV.TO, PAY.TO, PET.TO, PHX.TO, PKI.TO, PLC.TO, PMZ/UN.TO, PRMW.TO, QBTC.TO, QBTC/U.TO, QIPT.TO, QSR.TO, RBA.TO, RCH.TO, REAL.TO, REI/UN.TO, RML.V, RUS.TO, RY.TO, SCR.TO, SHOP.TO, SHOW.CA, SIA.TO, SIS.TO, SJ.TO, SLF.TO, STEP.TO, STN.TO, SVI.TO, SXP.TO, SYZ.TO, TCS.TO, TF.TO, TFII.TO, TH.TO, THNC.TO, TIH.TO, TIXT.TO, TKO.TO, TOI.V, TOY.TO, TRI.TO, TSU.TO, UBER.NE, VLE.TO, VRNO.NE, WCN.TO, WED.V, WFG.TO, WJX.TO, WN.TO, WSP.TO, X.TO

 

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