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
Nasdaq Leads as Dow Inches Up
In midday trades on Wednesday, the stock market sustained its upward trajectory, with the technology-heavy Nasdaq leading with a 0.86% gain. Despite some turbulence, the Dow managed a modest 0.04% gain around noon, remaining relatively flat. Concurrently, the S&P 500 recorded a 0.45% increase at the time of this report.
Nasdaq – Daily Chart
Dow Jones Industrial Average – Daily Chart
S&P 500 – Daily Chart
Meanwhile, the 10-year Treasury yield continues its ascent, reaching 4.176% after a retest of its bull flag pattern. This signals sustained upward pressure on interest rates.
10-Year US Treasury Yield
Echoing the wisdom of trading guru Alexander Elder, who once emphasized, ‘The goal of a successful trader is to make the best trades. Money is secondary.’ With this principle in mind, let’s now delve into the daily setups.
US Daily Setups
AMZN – Amazon.com, Inc.
Amazon is attempting a 52-week high breakout.
LINK TO CHART – https://schrts.co/teydZUMI
FTNT – Fortinet Inc.
Fortinet is now breaking out from the bottom pattern previously highlighted.
LINK TO CHART – https://schrts.co/RNRyHsxN
METC – Ramaco Resources, Inc.
Ramaco Resources is currently retesting the recent breakout line in the form of a bull flag continuation pattern.
LINK TO CHART – https://schrts.co/aHqFtuKq
ORCL – Oracle Corp.
Oracle setup is now starting to push above the horizontal resistance line.
LINK TO CHART – https://schrts.co/vFTuTWHg
WFC – Wells Fargo & Co.
Wells Fargo is setting up for a potential 52-week high breakout. Watch for the potential continuation of the trend.
LINK TO CHART – https://schrts.co/YgKIjnhG
XP – XP Inc
XP is showing signs of life as its price action continues to set up on the right side of its basing pattern.
LINK TO CHART – https://schrts.co/KKxMcEiK
Canadian Daily Setups
AMZN.NE – Amazon.com Inc. – Canadian Depository Receipt
Amazon is attempting a 52-week high breakout.
LINK TO CHART – https://schrts.co/CRJsgPrP
DRX.TO – ADF Group, Inc.
ADF Group has just touched a new 52-week high as its price action attempts to continue its upward trend, supported by a bullish volume profile.
LINK TO CHART – https://schrts.co/zgEfcxGA
GTII.CA – Green Thumb Industries Inc.
Green Thumb Industries appears to be setting up in the form of a potential bullish pennant continuation pattern as US cannabis stocks continue to show signs of life.
LINK TO CHART – https://schrts.co/DENNjrdU
MEG.TO – MEG Energy Corp.
MEG Energy is set up for a potential continuation wedge breakout.
LINK TO CHART – https://schrts.co/tSzHWEuy
SIS.TO – Savaria Corp.
Savaria is currently testing the underside of a horizontal resistance line identified by the large volume by price bar. Keep a close watch for a potential breakout.
LINK TO CHART – https://schrts.co/eWzbmgKQ
TRUL.CA – Trulieve Cannabis Corp.
Trulieve Cannabis, another US cannabis name we’ve been monitoring, appears to be breaking out from its bottoming base with significant volume.
LINK TO CHART – https://schrts.co/IhsCWbrh
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 – 2024-01-24
AAPL, ADBE, ADEA, ADI, ADSK, AEO, AER, AFL, AGO, AGYS, AKAM, ALL, ALSN, AM, AMAT, AMD, AMP, AMZN, ANET, ANF, ANSS, APH, APO, ARBK, ARCB, ARCH, ARCO, AROC, ASML, ATEYY, AVGO, AX, AXP, AYI, BAC, BAESY, BAM, BBY, BK, BPOP, BR, BRK/B, BTU, BUR, BWXT, BYRN, CAG, CAMT, CASH, CAT, CAVA, CB, CCJ, CDNS, CDW, CEIX, CFB, CFG, CHKP, CIEN, CINF, CLS, CM, CMA, CNA, COF, CQP, CRBG, CRESY, CRM, CRWD, CTLT, CTRA, CVLT, CVX, DAC, DASH, DBX, DE, DECK, DELL, DFIN, DHT, DKNG, DMLP, DNN, DOCU, DRI, DT, DTM, EG, ELTK, ENLC, ENTG, EOG, EPD, EQNR, EQT, ERJ, ESOA, ET, EWBC, EXPE, FANG, FBP, FCNCA, FFIV, FITB, FLEX, FLR, FN, FNF, FRPT, FTAI, FTI, FTNT, GBTC, GBX, GCT, GD, GFF, GIB, GOOG, GOOGL, GPOR, GS, GWW, HAL, HBAN, HES, HESM, HIG, HII, HLT, HMC, HOLI, HPQ, HQY, HWM, IBCP, IBOC, ICFI, ICLR, IMCR, IMO, ING, INSW, INTC, INTU, ITA, IWF, J, JBHT, JPM, KEYS, KLAC, KRE, L, LBRT, LINC, LLY, LNG, LPG, LRCX, LULU, LVS, MA, MAIN, MANH, MAR, MCD, MCK, MCO, MDB, MELI, MET, META, METC, METV, MFC, MKTX, MMC, MPTI, MSFT, MSOS, MTB, MTCH, MYRG, NFLX, NMIH, NOV, NOW, NS, NSSC, NTAP, NTB, NTNX, NUE, NVDA, NVMI, NVT, NWSA, OFG, OKTA, OLED, OMC, ONTO, ORCL, OTEX, PAGP, PAM, PFBC, PINS, PLUS, PNC, PRDO, PRU, PSN, PSTG, PSX, PTC, PXD, QCOM, QQQ, RBLX, RF, RGA, RMBS, RPD, RRC, RS, RSG, RWAY, SAIC, SAP, SIGI, SM, SMAR, SMCI, SMH, SNOW, SPOT, SPY, SQSP, STLD, STNE, STNG, SYF, TBBK, TDW, TEL, TER, TFC, TJX, TM, TNK, TNP, TRGP, TRV, TSM, TSN, TT, TTWO, TXT, UBER, UBS, ULTA, UNP, URG, URI, URNJ, USAC, USAP, USB, UUUU, VECO, VGT, VIPS, VIST, VNOM, VOYA, VRT, VSTS, WAB, WAL, WBS, WDAY, WES, WFC, WFRD, WIRE, WRB, WRK, WTFC, WYNN, XLC, XLF, XLK, XP, YPF, 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 – 2024-01-24
AAPL.NE, AAV.TO, AEP.V, AKT/A.TO, AMD.NE, AMZN.NE, ARE.TO, ARX.TO, ATD.TO, ATD/A.TO, ATH.TO, ATRL.TO, AX/UN.TO, BAM.TO, BAM/A.TO, BDGI.TO, BDT.TO, BMO.TO, BN.TO, BNS.TO, BRK.NE, BRM.V, BYD.TO, CAS.TO, CCL/B.TO, CCO.TO, CEU.TO, CHR.TO, CIA.TO, CL.CA, CLS.TO, CM.TO, CMI.V, CP.TO, CS.TO, CTC/A.TO, CTS.TO, CURA.TO, DFN/PA.TO, DGS.TO, DML.TO, DR.TO, DRX.TO, DSG.TO, ECN.TO, EFR.TO, EIT/UN.TO, ELO.TO, ENB.TO, ERO.TO, EU.V, EXE.TO, FAR.TO, FDR.V, FFN.TO, FFN/PA.TO, FIL.TO, FOM.TO, FSY.TO, FTG.TO, FTN.TO, FTT.TO, GCL.TO, GEI.TO, GIB/A.TO, GLO.TO, GOOG.NE, GTII.CA, GWO.TO, H.TO, HME.V, IAG.TO, IBT.V, IFC.TO, IGM.TO, ILLM.TO, IMO.TO, INTC.NE, IPCO.TO, IPO.TO, ISO.V, IVN.TO, KEL.TO, KSI.TO, KXS.TO, L.TO, LAC.TO, LBS.TO, LCS.TO, LFE.TO, LUN.TO, MATR.TO, MDA.TO, MDP.TO, MEG.TO, MFC.TO, MI/UN.TO, MKO.V, MRG/UN.TO, MRU.TO, MSFT.NE, MVP.TO, MVRS.NE, NA.TO, NBLY.TO, NFLX.NE, NGEX.V, NOVC.TO, NVA.TO, NVDA.NE, OTEX.TO, OVV.TO, PAY.TO, PD.TO, PET.TO, PEY.TO, PHX.TO, PKI.TO, PLC.TO, POW.TO, PPL.TO, PRU.TO, PRV/UN.TO, QSR.TO, QTRH.TO, RDE.NE, REAL.TO, RY.TO, SES.TO, SGY.TO, SHOP.TO, SIA.TO, SIS.TO, SLF.TO, STEP.TO, STN.TO, SU.TO, SVI.TO, TCN.TO, TCW.TO, TD.TO, TECK/B.TO, TER.CA, TFII.TO, TIXT.TO, TKO.TO, TOT.TO, TOU.TO, TRUL.CA, TSND.TO, URC.TO, URE.TO, VHI.TO, VNP.TO, VRNO.NE, WCN.TO, WED.V, WN.TO, WSP.TO, WTE.TO
