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
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SYS Daily Report
Market Momentum Falters in Afternoon Trading Amid Tech Earnings Anticipation and Tomorrow’s Inflation Data
In afternoon trading on Wednesday, major indexes experienced a retreat from earlier highs. The Dow Jones Industrial Average and S&P 500 held steady while the Nasdaq dipped, setting the stage for a potential challenge to the recent AI-driven market rally with upcoming tech earnings reports. Investors are also closely monitoring tomorrow’s release of personal consumption expenditures inflation data, a key indicator favored by the Federal Reserve that could influence the central bank’s decisions on interest rates.
Dow Jones Industrial Average – Daily Chart
S&P 500 – Daily Chart
Nasdaq – Daily Chart
Earnings For the Week of February 26, 2024
Meanwhile, the price of Bitcoin made a noteworthy ascent, surpassing $60,000 and approaching its previous peak of approximately $69,000. However, this upward trajectory was abruptly interrupted by a disruption at Coinbase, illustrating the volatility within the cryptocurrency market.
Bitcoin – Daily Chart
As we transition to the daily setups, let’s draw upon the insightful words of the legendary investor Stanley Druckenmiller: ‘Every day I assume every position I have is wrong.’ This profound perspective emphasizes the critical importance of prudent risk management in trading. With this guiding principle in mind, let’s delve into the daily setups.
US Daily Setups
F – Ford Motor Co.
Ford Motor is catching attention on momentum scans as its price action aligns beneath a significant horizontal resistance line and the upper trendline of a consolidation pattern. Keep a close eye on developments for potential breakout signals.
LINK TO CHART – https://schrts.co/pMmwcNay
GM – General Motors Co.
General Motors is making waves on momentum scans as its price action initiates a move above a significant horizontal resistance line. Keep a watchful eye on this development for potential signals and further momentum.
LINK TO CHART – https://schrts.co/raIXjBas
HST – Host Hotels & Resorts Inc.
Host Hotels is attempting to trend higher, showing signs of a bull flag continuation pattern. Keep a close eye on its price action for potential confirmation of the upward trend.
LINK TO CHART – https://schrts.co/jjVnpAYj
IIPR – Innovative Industrial Properties, Inc.
Innovative Industrial Properties is attempting to break out from a bull flag continuation pattern. Keep a close watch on its price action for potential confirmation of the upward trend.
LINK TO CHART – https://schrts.co/ttwjzrzE
MBC – MasterBrand, Inc.
MasterBrand seems to be breaking out to new 52-week highs, indicating potential upward momentum. Monitor its performance for further confirmation.
LINK TO CHART – https://schrts.co/PPbbFGDu
SQ – Block, Inc.
Block is consolidating beneath a significant horizontal resistance line, positioned below its 52-week high. Keep a close eye for any indications of potential upside strength that may pave the way for a breakout.
LINK TO CHART – https://schrts.co/hyAQYXmg
Canadian Daily Setups
IVN.TO – Ivanhoe Mines Ltd.
Ivanhoe Mines is consolidating below its 52-week high following its earnings report. Monitor its price action closely for potential developments.
LINK TO CHART – https://schrts.co/dXWYNpDa
NWC.TO – North West Co. Inc.
North West Company seems to be breaking out towards its 52-week high, signaling potential upward momentum. Keep a close watch on its performance for confirmation.
LINK TO CHART – https://schrts.co/eKdGJvsj
OVV.TO – Ovintiv Inc
The setup for Ovintiv is experiencing another strong day, marked by robust volume. Keep an eye on the ongoing performance and volume dynamics.
LINK TO CHART – https://schrts.co/apskcjrG
QSR.TO – Restaurant Brands International Inc.
Restaurant Brands seems to be setting up with a bull flag retest of the recent breakout line. Monitor its price action closely for potential confirmation of this pattern.
LINK TO CHART – https://schrts.co/mKfjXezn
WDO.TO – Wesdome Gold Mines Ltd.
Wesdome Gold Mines continues to coil tightly near the apex of a continuation pattern. Keep a vigilant eye for any potential signs of breakout signals.
LINK TO CHART – https://schrts.co/KMHzrabI
WFG.TO – West Fraser Timber Co. Ltd.
West Fraser Timber is attempting to move higher from a flag pattern.
LINK TO CHART – https://schrts.co/aPVYTYJn
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 – 2024-02-28
AAON, ABBNY, ABNB, ABT, ACGL, ACM, ACMR, AEL, AFL, AFYA, AGO, AIG, AIR, AIT, AIZ, AJG, ALB, ALKT, ALL, ALLE, ALSN, AM, AME, AMP, AMT, AMWD, AMZN, ANET, ANF, AON, AOS, APH, APO, APOG, ARCO, ARE, ARES, ATGE, ATI, ATKR, AVB, AVDX, AXON, AXP, AZO, BA, BAH, BALL, BBWI, BBY, BCC, BF/B, BITO, BITW, BK, BLBD, BLK, BLX, BR, BRBR, BRK/B, BRKR, BRO, BSX, BWXT, CAH, CAMT, CASY, CAT, CBRE, CCI, CCOI, CDNS, CDW, CE, CECO, CEG, CELH, CF, CHD, CHE, CHKP, CIEN, CINF, CL, CLBT, CLX, CMI, CMS, CNM, CNO, COF, COO, COOP, COST, CPRT, CRH, CRL, CRS, CSGP, CSL, CSTM, CTAS, CUBI, D, DAL, DCI, DDOG, DECK, DELL, DFIN, DFS, DHI, DHR, DHT, DIS, DKNG, DKS, DLR, DOCU, DOV, DPZ, DRI, DTE, DY, EA, EADSY, EAT, ECL, EG, EIX, ELF, EME, EMN, EQIX, EQR, ERIE, ERJ, ESAB, ESS, ETN, ETRN, EVR, EXPE, EZPW, F, FANG, FAST, FDS, FDX, FERG, FFIV, FICO, FIX, FLEX, FLR, FN, FOUR, FRO, FROG, FRPT, FTV, FWRG, GBTC, GD, GDYN, GE, GEHC, GFF, GGG, GIFI, GL, GLP, GLRE, GM, GPC, GRBK, GRMN, GRVY, GS, GTLB, GVA, H, HAS, HD, HEES, HII, HLT, HMC, HRI, HST, HUBB, HUBS, HWM, IBKR, ICE, ICLR, IEX, IIPR, ILMN, INSW, INVH, IP, IQV, IRM, IT, ITA, ITGR, ITRI, ITRN, ITT, ITW, J, JBL, JCI, JNJ, JPM, K, KBH, KD, KEX, KEYS, KIM, KNF, KNTK, KOP, KWR, L, LAUR, LDOS, LECO, LEN, LHX, LII, LIN, LMB, LOW, LPG, LPLA, LRN, LVS, LYV, MA, MANH, MAR, MAS, MBC, MCD, MCK, MEDP, MET, MHK, MHO, MKTX, MLM, MMC, MMYT, MOD, MOH, MORN, MPWR, MRNA, MS, MSCI, MSI, MSM, MSOS, MSTR, MTD, MTRN, MTSI, MYRG, NDAQ, NMIH, NMM, NOC, NPO, NRG, NSC, NSIT, NTAP, NTNX, NVT, NX, OC, ODP, OMI, ONON, ORCL, ORLY, OSK, OTIS, OTTR, PAGS, PATK, PAY, PAYC, PCAR, PCOR, PEG, PG, PINS, PKG, PLAB, PLD, PLUS, PNC, PNR, PNTG, POST, POWL, POWW, PPC, PPG, PRCT, PRDO, PRI, PRIM, PRU, PSN, PSTG, PTC, PWP, PXD, PYPL, QSR, RACE, RBC, REVG, RGA, RHP, RJF, RL, ROAD, ROK, ROL, ROST, RPD, RPM, RSP, RUSHA, RVTY, RWAY, SCHW, SCS, SFM, SHAK, SHW, SIGI, SKM, SKT, SKX, SM, SNA, SNX, SOVO, SPB, SPG, SPLK, SPXC, SQ, SSD, STEP, STN, STT, STX, SWAV, SWBI, SWN, SYF, T, TAP, TBBB, TDG, TECH, TEX, TGLS, TJX, TKR, TMO, TNC, TOL, TPG, TPR, TRGP, TROW, TSCO, TW, TXT, TYL, UAL, UFPT, UNP, URI, USAC, V, VEEV, VERX, VFC, VIPS, VIST, VLTO, VST, VZ, W, WAB, WAT, WDC, WDFC, WELL, WING, WIRE, WMB, WMG, WMS, WMT, WRB, WRK, WSC, WSM, WSO, WWD, WY, WYNN, XLB, XLF, XLI, XLRE, XLU, XLY, XRX, YUM, Z, ZG
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 – 2024-02-28
AAV.TO, ACO/X.TO, AGF/B.TO, AKG.TO, ALA.TO, AMD.NE, AMX.V, AMZN.NE, ASCU.TO, ATH.TO, ATRL.TO, AYR/A.CA, BA.NE, BAM/A.TO, BHC.TO, BN.TO, CAD.V, CCL/B.TO, CFP.TO, CLS.TO, CM.TO, CNQ.TO, COST.NE, CPX.TO, CRDL.TO, CRR/UN.TO, CSH/UN.TO, CWB.TO, DBM.TO, DFY.TO, DIV.TO, DOL.TO, ECN.TO, EIT/UN.TO, ENGH.TO, EQB.TO, FAT.CA, FCR/UN.TO, FDR.V, FFH.TO, FFN.TO, FIL.TO, FSV.TO, FSZ.TO, GAU.TO, GEI.TO, GFL.TO, GIL.TO, GLXY.TO, GRA.TO, HAI.TO, HBM.TO, HD.NE, IGM.TO, IPO.TO, IVN.TO, KITS.TO, L.TO, LAAC.TO, LAC.TO, LIFT.V, LNR.TO, MDA.TO, MG.TO, MOGO.TO, MRE.TO, MRU.TO, MVRS.NE, MX.TO, NA.TO, NFI.TO, NGD.TO, NVDA.NE, NVEI.TO, NWC.TO, ONEX.TO, OVV.TO, PMZ/UN.TO, POW.TO, PRMW.TO, PSD.TO, PYPL.NE, QBR/B.TO, QBTC.TO, QBTC/U.TO, QSR.TO, REI/UN.TO, RVLY.V, SDE.TO, SES.TO, SHOW.CA, SIA.TO, SIS.TO, SJ.TO, SLF.TO, STN.TO, SU.TO, TCW.TO, TD.TO, TF.TO, TOI.V, TRI.TO, TRUL.CA, TSU.TO, URB/A.TO, VZLA.V, WDO.TO, WELL.TO, WFG.TO, WILD.TO, WJX.TO, WN.TO, WRN.TO, X.TO
