SYS Research – Daily Report – Wednesday, March 13, 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: 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

Mixed Trends Persist as Tech Giants Waver

Today, the stock market shows a mix of fluctuations following yesterday’s impressive surge. Positive inflation data propelled the S&P 500 to an all-time peak, and the Dow Jones Industrial Average is positioned for another potential new high breakout.

Dow Jones Industrial Average – Daily Chart

S&P 500 – Daily Chart

Nasdaq – Daily Chart

Bitcoin continues its upward climb in cryptocurrency, breaching the significant $73,000 mark. Notable movements are also seen in commodities, with copper stocks and the copper mining ETF breaking out, as recently highlighted in our analyses. Additionally, silver prices hint at a potential breakout, accompanied by ongoing momentum in energy stocks. A ticker list of copper-related stocks and a detailed PDF for further analysis have been provided.

ARG.TO, BHP, COPX, CS.TO, ERO.TO, FCX, FIL.TO, HBM.TO, III.TO, IVN.TO, LUN.TO, NCX.V, NGEX.TO, RIO, SCCO, TECK, TKO.TO

Climbing markets often exhibit momentum akin to a stone rolling downhill—once set in motion, it gathers speed. Today’s fluctuations underscore the dynamic nature of market forces, where momentum can drive stocks to new heights or lead to sudden shifts in direction. Now, onto the daily setups.

US Daily Setups

COP – ConocoPhillips

ConocoPhillips is currently breaking out from its falling wedge pattern. Keep a close watch for confirmation of this breakout and potential signs of sustained upward momentum.

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

 

CR – Crane Co

Crane is setting up for another potential new all-time high breakout. Monitor closely for confirmation of this development and signs of sustained upward momentum.

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

 

GDXJ – VanEck Vectors Junior Gold Miners ETF

The VanEck Vectors Junior Gold Miners ETF appears to be setting up near the apex of a significant multi-year consolidation pattern. Monitor closely for the continuation of upside strength, which may potentially lead to a breakout.

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

 

RCL – Royal Caribbean Cruises

Royal Caribbean Cruises appears to be breaking out to a new high from a continuation pattern. Monitor closely for confirmation of this breakout and potential signs of sustained upward momentum.

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

 

SLV – iShares Silver Trust

The iShares Silver Trust ETF is set up for a potential breakout from a multi-year consolidation pattern. Per the technical analysis adage, “the bigger the base, the higher the space.” Monitor closely for any breakout signals and potential signs of sustained upward momentum.

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

 

XP – XP Inc

XP is currently pushing up against the underside of its trigger line. Monitor closely for potential breakout signals.

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

 

Canadian Daily Setups

CNQ.TO – Canadian Natural Resources Ltd.

Canadian Natural Resources is attempting to break out from a bullish pennant continuation pattern. Look for confirmation of this breakout and potential signs of sustained upward momentum.

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

 

GLXY.TO – Galaxy Digital Holdings Ltd.

Galaxy Digital is set up in a bull flag continuation pattern. Watch for potential breakout signals.

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

 

MDI.TO – Major Drilling Group Intl, Inc.

Major Drilling is now breaking out from the recently highlighted bottoming pattern. Keep a close eye on this breakout for potential confirmation and signs of sustained upward momentum.

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

 

MEG.TO – MEG Energy Corp.

MEG Energy is attempting to break out of a bullish pennant continuation pattern. Monitor closely for confirmation of this breakout and potential signs of sustained upward momentum.

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

 

PSLV.TO – Sprott Physical Silver Trust

The Sprott Physical Silver Trust ETF is currently set up near the apex of a significant multi-consolidation pattern. Keep a close watch for the continuation of upside strength that may potentially lead to a breakout.

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

 

WPM.TO – Wheaton Precious Metals Corp.

Wheaton Precious Metals appears to be setting up on the right side of a significant multi-year consolidation pattern. Monitor closely for the potential continuation of upside strength, which could push back to the pattern’s upper trendline and be followed by a potential breakout. This potential breakout could be especially significant if the price of silver continues to break out from its consolidation pattern.

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

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

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 – 2024-03-13

A, AAON, AAP, ABBNY, ABNB, ACA, ACGL, ACIW, ACM, ADBE, ADM, AEM, AEO, AER, AFL, AFRM, AGI, AIG, AIR, AISP, AIZ, AL, ALGN, ALLE, ALSN, ALV, AMP, AMZN, ANF, AOS, APA, APAM, APO, APP, APPF, APTV, ARCC, ARE, ARES, ARHS, ARKK, ARLO, ASR, ATI, ATKR, ATMU, AU, AVB, AVDX, AX, AZEK, BAC, BAH, BALL, BALY, BAX, BBVA, BBWI, BBY, BCC, BCO, BDX, BECN, BEN, BIO, BITQ, BK, BLD, BLOK, BPOP, BRBR, BRK/B, BRKR, BROS, BRP, BSBR, BURL, BVN, BX, BXP, C, CARR, CASY, CAT, CB, CBRE, CBT, CCEP, CCI, CCJ, CCL, CCS, CDRE, CE, CECO, CELH, CENTA, CF, CFG, CFLT, CHD, CHRD, CHRW, CI, CINF, CLSK, CM, CMA, CMCSA, CME, CMPR, CNM, CNO, CNX, COIN, COLL, COOP, COP, COPX, CP, CPA, CPLP, CPRT, CPT, CR, CRH, CRM, CRWD, CSGP, CSTM, CSWC, CTRA, CTVA, CUK, CVI, CVNA, CVS, CVX, CW, CXT, D, DAL, DASH, DB, DD, DDOG, DDS, DE, DEFTF, DFH, DFS, DGX, DHI, DHR, DINO, DIS, DK, DKNG, DKS, DLB, DLO, DLR, DNN, DOCN, DOCU, DOV, DOW, DRI, DTE, DUK, DVN, E, EADSY, EAT, EBAY, ECL, EDR, EDU, EGO, EGY, EH, EL, ELV, EME, EMN, EOG, EPD, EPRT, EQR, ERIC, ERJ, ESS, ET, ETN, ETR, EW, EWBC, EXPD, EZPW, F, FBP, FCFS, FCX, FDIG, FDS, FDX, FERG, FI, FLR, FLS, FLT, FMC, FNF, FOR, FRO, FROG, FRPT, FRT, FSV, FTAI, FTI, FUTU, GBDC, GD, GDDY, GDX, GDXJ, GE, GFI, GFL, GGG, GIB, GLD, GLNG, GM, GMS, GNRC, GNTX, GOOG, GOOGL, GPK, GPN, GPOR, GPS, GRBK, GRMN, GRND, GS, GSK, GTES, GVA, H, HAS, HBAN, HCI, HD, HES, HIBB, HLT, HLX, HMY, HNI, HOG, HOLX, HON, HOOD, HPQ, HQY, HRI, HST, HSY, HTGC, HWKN, IAG, IBKR, IFF, IIPR, IMMR, IMO, INFA, INSW, INVH, IP, IPG, ITA, ITB, ITGR, ITT, IVZ, IWM, J, JBI, JCI, JD, JELD, JKHY, JPM, KBH, KEY, KGC, KIM, KKR, KLG, KMB, KMX, KNTK, KNTNF, KO, KOP, KR, KRE, KVUE, LDOS, LEN, LHX, LII, LIN, LKQ, LMND, LNW, LOW, LPG, LPX, LSEA, LULU, LVS, LYB, LYFT, LYV, LZ, LZB, MA, MAA, MAT, MBC, MCO, MET, MFC, MGM, MHK, MHO, MITK, MKTX, MLI, MMM, MNST, MO, MOH, MOMO, MOS, MPC, MPLX, MPTI, MRO, MS, MSI, MSTR, MTB, MTD, MTG, MTH, MTRN, MUR, MYRG, NATR, NBIX, NCLH, NEE, NET, NMIH, NN, NOA, NOC, NRG, NSC, NTB, NTCT, NTNX, NTRS, NU, NUE, NVT, NXE, NXT, NYT, OBDC, OC, ODP, OKTA, OMC, ONON, OPRA, OSCR, OSG, OSK, OTIS, OXY, PAA, PACK, PAGS, PARR, PATH, PAX, PAY, PAYX, PBA, PCAR, PDD, PEG, PFE, PFG, PFGC, PGY, PHG, PHM, PLMR, PLTR, PM, PNC, PNR, PNW, POST, POWL, POWW, PPG, PR, PRCT, PRDO, PRIM, PRU, PSN, PSNL, PSX, PUBM, PWP, PWR, PXD, PYPL, QFIN, QSR, QTRX, RCL, RDN, REG, REVG, RF, RGA, RHI, RJF, RL, ROAD, ROK, ROL, ROST, RPM, RS, RSP, RTX, RUM, RUSHA, RVTY, S, SA, SAH, SAIA, SAIC, SATS, SCCO, SCHW, SFM, SHAK, SHEL, SHOP, SIGI, SILV, SKM, SKT, SKX, SLB, SLV, SM, SMCI, SMR, SNX, SO, SPB, SPG, SPGI, SPXC, SQ, SQSP, SRE, SSNC, STEP, STLD, STN, STNE, STNG, STT, SWAV, SWIN, SWK, SWN, SXC, SYF, SYY, TAP, TBBB, TCOM, TDG, TDW, TECK, TEL, TEX, TFPM, THC, TJX, TKR, TMHC, TMUS, TNET, TNP, TOL, TOST, TPG, TPH, TPR, TPX, TREX, TRGP, TRIP, TRMD, TROW, TRV, TSCO, TTE, TW, TXRH, TXT, UBER, UDR, UEC, UFPT, ULTA, UPBD, URA, URBN, URI, USAC, USB, USFD, V, VCTR, VEEV, VERX, VIPS, VLO, VLTO, VNOM, VNT, VRRM, VRT, VST, VTRS, VVV, W, WBS, WCN, WEST, WEX, WFC, WFRD, WIX, WMS, WPM, WRK, WSM, WSO, WST, WTFC, WWD, WY, WYNN, XHB, XLB, XLC, XLE, XLF, XLI, XLP, XLU, XLY, XME, XOM, XOP, XP, XRAY, XRX, YMM, YPF, Z, ZG, 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 – 2024-03-13

AAV.TO, ABX.TO, AC.TO, AD/UN.TO, AEM.TO, AGI.TO, AMZN.NE, AOI.TO, ARG.TO, ARIS.TO, ARX.TO, ATH.TO, ATRL.TO, ATX.V, ATZ.TO, AYA.TO, BB.TO, BBD/B.TO, BDGI.TO, BHC.TO, BIP/UN.TO, BMO.TO, BNS.TO, CCO.TO, CFP.TO, CG.TO, CGG.TO, CIX.TO, CJ.TO, CL.CA, CM.TO, CMI.V, CNC.V, CNE.TO, CNQ.TO, CP.TO, CPG.TO, CPLF.TO, CS.TO, CTS.TO, CVE.TO, CVS.NE, CXB.TO, DBM.TO, DC/A.TO, DF.TO, DFN.TO, DGS.TO, DML.TO, DND.TO, EDR.TO, EDV.TO, EFR.TO, EIT/UN.TO, ELD.TO, EQX.TO, ERO.TO, ESI.TO, ETG.TO, EU.V, FAR.TO, FFN.TO, FIL.TO, FM.TO, FNV.TO, FOM.TO, FR.TO, FRU.TO, FSV.TO, FSZ.TO, FTN.TO, FVI.TO, GIB/A.TO, GIL.TO, GLXY.TO, GOOG.NE, GOOS.TO, GRID.TO, GTE.TO, GURU.TO, GWO.TO, HBM.TO, HME.V, HOM/U.TO, HOM/UN.TO, HWX.TO, IAU.TO, IFA.TO, IMG.TO, IMO.TO, ISV.TO, IVN.TO, JWEL.TO, K.TO, KEY.TO, KNT.TO, KPT.TO, KRR.TO, KTN.V, L.TO, LB.TO, LUG.TO, LUN.TO, MARI.TO, MATR.TO, MDA.TO, MDI.TO, MEG.TO, MFC.TO, MMED.NE, MRU.TO, MTY.TO, MUX.TO, NA.TO, NFG.V, NGD.TO, NGEX.TO, NOA.TO, NTR.TO, NVA.TO, NVEI.TO, NXE.TO, OBE.TO, OGC.TO, OGI.TO, OLA.TO, OSK.TO, OTEX.TO, OVV.TO, PAAS.TO, PALI.V, PD.TO, PET.TO, PKI.TO, PNG.V, PPL.TO, PPTA.TO, PRMW.TO, PRV/UN.TO, PRYM.TO, PSD.TO, PSK.TO, PSLV.TO, PTI/UN.TO, PYPL.NE, QSR.TO, QTRH.TO, RBA.TO, RY.TO, SCR.TO, SDE.TO, SGML.V, SHOP.TO, SHOW.CA, SIL.TO, SKE.TO, SLF.TO, SLS.TO, SOIL.TO, SPB.TO, STC.TO, STLC.TO, STN.TO, SU.TO, SVI.TO, SVM.TO, TD.TO, TECK/B.TO, TFII.TO, TIH.TO, TKO.TO, TOT.TO, TPZ.TO, TRP.TO, TRUL.CA, TRZ.TO, TVE.TO, TXG.TO, UBER.NE, VGCX.TO, VHI.TO, VISA.NE, VLE.TO, VZLA.V, WFG.TO, WPM.TO, WRN.TO

 

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