SYS Research – Daily Report – Wednesday, November 22, 2023

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

Harvesting Gains Quietly: Thanksgiving’s Subtle Momentum

In the scanner results, the day appears somewhat lackluster, yet the stock market is diligently holding onto its gains as of midday Wednesday, even with Nvidia encountering a stumble post-earnings report. Though not particularly thrilling, the trading session sees indexes on an upward trajectory as we approach the Thanksgiving holiday.

S&P 500

Nasdaq

Within the economic landscape, key indicators are telling a story: initial jobless claims experienced a substantial drop of 24,000, landing at 209,000, well below economists’ predictions according to Labor Department data. Shifting the focus to consumer sentiment, the University of Michigan’s index edged up from October’s 60.4 to the current 61.3. Inflation expectations also saw a modest increase to 4.5%, slightly surpassing the previous month’s 4.4%.

Amid the subdued market activity, the overall sentiment remains optimistic. The Nasdaq Composite, the S&P 500, and the Dow Jones Industrial Average persist above the resistance lines under scrutiny, maintaining their upward trend above the major moving averages. While the day may lack fervor in the scanner results, the market continues its steadfast ascent. As Thanksgiving approaches and the markets carve out gains despite the day’s uneventful demeanor, we’re reminded of Peter Lynch’s sage advice: ‘The real key to making money in stocks is not to get scared out of them.’ With this perspective in mind, let’s delve into the daily setups.

US Daily Setups

AFRM – Affirm Holdings Inc.

Affirm is consolidating in the form of a bull flag continuation pattern located below its 52-week high.

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

 

BG – Bunge Global SA

Bunge is now trending higher from the continuation pattern highlighted over the weekend.

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

 

BMI – Badger Meter, Inc.

Badger Meter is set up for a potential continuation pattern breakout.

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

 

COIN – Coinbase Global Inc.

Coinbase continues to trend higher from its continuation wedge breakout.

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

 

MBLY – Mobileye Global Inc.

Mobileye continues to walk higher from its wedge pattern breakout.

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

 

SN – SharkNinja Inc.

SharkNinja is attempting to breakout from an IPO base setup.

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

 

Canadian Daily Setups

DIS.NE – Walt Disney Co – Canadian Depository Receipt

Walt Disney continues to act well, as it is now positioned above the 200-day moving average on the daily chart.

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

 

ENB.TO – Enbridge, Inc.

Enbridge appears to be setting up below a trigger line. Watch for potential breakout signals.

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

 

ETHX/B.TO – CI Galaxy Ethereum ETF

The CI Galaxy Ethereum ETF continues to see an influx of volume as price action consolidates in the form of a bull flag continuation pattern.

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

 

NXE.TO – NexGen Energy Ltd.

NexGen Energy continues to appear on the momentum scanner as price action consolidates below 52-week highs.

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

 

PPL.TO – Pembina Pipeline Corp.

Pembina Pipeline remains positioned below its trigger line.

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

 

TRP.TO – TC Energy Corporation

TC Energy continues to set up for a potential bottoming pattern breakout.

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

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 – 2023-11-22.xlsx

AAON, AAPL, ABBNY, ABNB, ACMR, ACN, ADBE, ADEA, AEL, AER, AFL, AFRM, AFYA, AGI, AGO, AIG, AJG, AKAM, ALKT, ALPN, ALV, AMAT, AMD, AMPH, AMT, AMZN, ANET, ANF, APH, APO, ARCB, ARES, ARKK, ASAN, ATGE, ATR, AVY, AXON, AXP, AZEK, AZUL, BALL, BBVA, BCC, BECN, BG, BLK, BMI, BPOP, BR, BRBR, BRK/B, BRO, BRZE, BSX, BUR, BWXT, BX, CAH, CARG, CASY, CB, CBAY, CBOE, CCAP, CCCS, CCEP, CDW, CE, CEG, CEIX, CGBD, CHD, CHKP, CIEN, CL, CMG, CNC, CNM, CNO, COCO, COF, COIN, COOP, COR, COST, CRBG, CRH, CRS, CRWD, CSGP, CSL, CSWC, CSX, CTAS, CTSH, CVLT, CW, CXM, DAC, DBX, DCBO, DDOG, DECK, DELL, DGX, DHR, DIS, DLB, DLR, DRI, DSGR, DT, DY, EA, ECL, EDU, EFX, ELF, ELV, EME, EMN, ENSG, EPD, EQIX, ESAB, ETN, ETR, EXPE, FBP, FDX, FE, FFIV, FITB, FLEX, FLR, FOR, FRHC, GD, GDYN, GFF, GL, GNE, GOOG, GOOGL, GPS, GRBK, GWRE, H, HD, HEI, HIG, HLT, HON, HRB, HST, HUM, HWM, IBM, IBP, ICE, IDCC, IDXX, IHG, IIPR, INFA, INTU, INVH, IOT, IQV, IR, IRM, ISRG, IT, ITW, JBL, JPM, KEY, KGC, KKR, KLAC, KMI, KTOS, L, LAUR, LECO, LEN, LH, LII, LNW, LRCX, LRN, LSEA, LULU, LZB, MA, MAIN, MANH, MAR, MBC, MBIN, MBLY, MCHP, MCO, MDLZ, MELI, MET, META, MITK, MLI, MLM, MMC, MMYT, MNDY, MOD, MOH, MPC, MPWR, MSCI, MSFT, MSI, MSM, MTH, MTSI, NDAQ, NDSN, NET, NFLX, NOW, NSC, NTAP, NTES, NTNX, NVT, NWSA, NXPI, NYT, OBDC, OC, ODFL, OLED, ONTO, ORCL, ORLY, OTIS, PANW, PARR, PATH, PAYX, PDCO, PEG, PFGC, PGR, PHM, PINS, POOL, PPG, PPL, PRU, PSTG, PSX, PWSC, QLYS, QSR, QTRX, RACE, RAMP, RCL, RDNT, RDY, RELX, RHI, RHP, RJF, RL, RNR, ROAD, ROP, ROST, RPD, RPM, RSG, RWAY, SAH, SAIC, SAP, SBUX, SHOP, SHW, SKWD, SKX, SN, SNOW, SNPS, SPGI, SPOT, SRE, SSD, STLA, STN, STNE, STX, SUM, SYK, T, TBBK, TDG, TEL, TFC, TMHC, TMUS, TNET, TOL, TREX, TRIN, TRV, TSM, TT, TTEK, TTWO, TW, TXT, UBER, UBS, UHS, UNH, UNP, UPBD, USB, USFD, V, VECO, VERX, VIPS, VOYA, VRNS, VRSK, VRSN, VTR, VZ, WAB, WDC, WELL, WFC, WING, WIX, WMB, WMG, WMS, WRB, WSM, WTFC, WWD, XHB, XLK, YELP, 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 – 2023-11-22.xlsx

AAV.TO, ABX.TO, ABXX.NE, AC.TO, AEM.TO, AEP.V, AGI.TO, ALA.TO, AMD.NE, AMZN.NE, ARE.TO, ARX.TO, ATD.TO, ATD/A.TO, ATRL.TO, BAM.TO, BAM/A.TO, BDI.TO, BMO.TO, BN.TO, BRAG.TO, CFP.TO, CGX.TO, CHP/UN.TO, CJT.TO, CM.TO, CSH/UN.TO, CTS.TO, CVO.TO, CWB.TO, DCBO.TO, DIV.TO, DNTL.TO, DOL.TO, EDV.TO, EMP/A.TO, ENB.TO, EXE.TO, FCR/UN.TO, FOM.TO, FTS.TO, GIB/A.TO, GIL.TO, GOOG.NE, GOOS.TO, GWO.TO, H.TO, HITI.V, IAG.TO, IFP.TO, JWEL.TO, K.TO, KEY.TO, KRR.TO, L.TO, LBNK.V, MFC.TO, MRU.TO, MSFT.NE, MTL.TO, MVRS.NE, OR.TO, PLC.TO, PMET.V, PMZ/UN.TO, PNRL.V, PSK.TO, PSU/U.TO, QSR.TO, RBA.TO, SGR/UN.TO, SHOP.TO, SLF.TO, SPB.TO, STN.TO, SVI.TO, T.TO, TLRY.TO, TOU.TO, TRP.TO, TSU.TO, URC.TO, VLE.TO, VRNO.NE, WPM.TO, X.TO

 

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