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SYS Daily Report
Wall Street Rallies as Supreme Court Tariff Doubts Lift Sentiment
U.S. markets advanced on Wednesday as investors weighed firm economic data, a stronger U.S. dollar, and Supreme Court arguments questioning President Trump’s tariff authority. The yield on the 10-Year U.S. Treasury climbed to 4.16%, its highest since early October, marking the largest single-day rise in nearly four months. The 2-Year Treasury rose to 3.63%, while the 30-Year reached 4.74%, extending the recent selloff in bonds. The move reflected a repricing in rate expectations following a stronger-than-expected ADP employment report, which showed private payrolls rising by 42,000 in October.
The U.S. dollar hovered near a five-month high, with the Dollar Index at 100.13 after gaining roughly 1.5% over the past week. Currency traders cited firm economic data and ongoing skepticism over deeper rate cuts this year as reasons for the dollar’s strength. Sterling steadied ahead of the Bank of England’s policy decision, while the yen weakened modestly after early gains.
10-Year US Treasury Yield – Daily Chart
US Dollar – Daily Chart
Breadth & Major Index Charts
Equities rallied broadly, supported by a rebound in technology and trade-sensitive sectors after the Supreme Court signaled doubts over Trump’s ability to sustain sweeping tariffs. The Dow Jones Industrial Average rose 225 points (0.5%), the S&P 500 gained 0.4%, and the Nasdaq Composite advanced 0.65%. The Russell 2000 climbed 1.5%, showing strength among smaller names.
The S&P 500 closed above its 50-day moving average for the 131st consecutive session, extending the longest streak since 2007. Breadth improved as advancing issues outnumbered decliners by more than two-to-one on both the NYSE and Nasdaq, signaling a recovery in participation following Tuesday’s selloff.
Technically, the indexes are maintaining upward trajectories, with the Nasdaq regaining momentum in AI-linked names and the Dow finding support from industrial leaders like Amgen (AMGN) and Caterpillar (CAT).
S&P 500 – Daily Chart
Nasdaq – Daily Chart
Dow Jones Industrial Average – Daily Chart
Russell 2000 (ETF) – Daily Chart
TSX Recap
The TSX Composite Index surged 1.1% to 30,103.48, its strongest performance in three weeks. Strength in gold and technology drove the advance, while every major sector ended higher. The materials group gained 2.7% as gold prices climbed 1.3%, and the technology sector added 2.9%, supported by a 5.1% rise in Celestica (CLS.TO). Energy shares were lifted by a 1.6% rebound in crude oil, with Suncor Energy (SU.TO) up 4.3% following earnings.
The session marked a technical recovery from recent lows, with the index rebounding from near six-week lows. Broad-based participation signaled renewed confidence ahead of upcoming Canadian employment and inflation data.
TSX – Daily Chart
Digital Assets Overview
Major cryptocurrencies rebounded from horizontal support lines after steep losses yesterday. Smaller-cap altcoins displayed sharp intraday swings, with names such as ZKsync (ZK) and Decred (DCR) gaining over 30%. Market sentiment was mixed, as total crypto market capitalization edged lower by roughly 2.6%, but institutional narratives around tokenization and ETF filings continued to attract attention. Now, it’s key to see if price can hold yesterday’s low and start to reclaim overhead resistance levels. As the CMT teaches, it’s crucial to react to price and not make predictions.
Bitcoin – Daily Chart
Ethereum – Daily Chart
Solana – Daily Chart
Commodity Watch
Commodities presented a mixed tone. Crude oil futures declined 1.5% to US$59.64 per barrel after U.S. inventories rose by 5.2 million barrels, offsetting prior draws. Brent crude slipped 1.4% to US$63.52. Gold rebounded 1%, but remains below its downward-sloping 21-day exponential moving average, which now acts as a signal line — price action above this level would indicate a “green-light,” while a move below continues to represent a “red-light” condition. Silver posted a smaller uptick yet faces similar resistance at its 21-day EMA. Copper traded slightly higher amid steady industrial data.
Uranium-related equities, represented by the Global X Uranium ETF, are now attempting to hold above the lower boundary of a consolidation pattern, with price action testing key trendline support.
Crude Oil – Daily Chart
Gold – Daily Chart
Silver – Daily Chart
Uranium Theme – Global X Uranium ETF
Sector & Thematic Movers
Technology, consumer discretionary, and materials sectors led gains across U.S. markets. Amgen (AMGN) surged 7.8% following upbeat quarterly results, while Caterpillar (CAT) added 3.9% after outlining aggressive growth targets. In the retail space, Williams-Sonoma (WSM) rose 2.6%, supported by strength among trade-sensitive names such as General Motors (GM) and Ford (F), which each gained over 2%.
Meanwhile, the energy, financial, and communications groups advanced modestly. The Philadelphia Semiconductor Index climbed 3%, underscoring renewed enthusiasm in chip-related names, including Advanced Micro Devices (AMD) and Broadcom (AVGO).
Stock Movers
Earnings announcements remained a major driver of stock-level action. Robinhood (HOOD), AppLovin (APP), ARM Holdings (ARM), and DoorDash (DASH) were active after reporting results. AppLovin and SiTime (SITM) posted gains, while DoorDash and Qualcomm (QCOM) declined on weaker outlooks.
Rivian (RIVN) surged 23% after delivering an unexpected gross profit, while Pinterest (PINS) fell 22% on tariff-related advertising weakness. McDonald’s (MCD) rose 2.2%, and Match Group (MTCH) jumped 5.2% after issuing quarterly updates.
Among decliners, Super Micro Computer (SMCI) slipped 11.3% on disappointing results, though Johnson Controls (JCI) advanced 8.8% following stronger guidance.
Options & Insider Flow
Institutional options flow reflected a robust bullish tilt. Large call premium inflows were recorded across Alphabet (GOOGL), Advanced Micro Devices (AMD), and NVIDIA (NVDA), while heavy put selling activity in Sunrun (RUN) and Sable Offshore (SOC) reinforced confidence in underlying price stability. Alphabet led total premium activity with US$32.9 million in net inflows, followed by AMD at US$15.6 million.
Individual trades highlighted new bullish positioning in Cipher Mining (CIFR), IREN (IREN), and Palantir (PLTR), where call purchases and put sales exceeded prior open interest. Notable premium collection also appeared in Amgen (AMGN) and The Goldman Sachs Group (GS) through large put sales.
Insider activity leaned positive, with significant U.S. purchases by Carl Icahn in Monro (MNRO), Robert Hamilton Steers in Cohen & Steers (CNS), and James Breyer in Blackstone (BX). In Canada, key purchases were observed in Secure Waste Infrastructure (SES), South Star Battery Metals (STS), and Sigma Lithium (SGML). Major U.S. insider sales included Corebridge Financial (CRBG) and UWM Holdings (UWMC).
Institutional filings revealed ownership increases by Vanguard Group in Cisco Systems (CSCO), Starbucks (SBUX), and Par Pacific (PARR), alongside new stakes by Saba Capital, Norges Bank, and Oaktree Capital across select names.
Small-Cap Spotlight
Momentum in smaller capitalization stocks strengthened as risk appetite returned. The Russell 2000’s 1.5% gain reflected renewed speculative interest, aided by upside moves in Cipher Mining (CIFR), Sunrun (RUN), and Nebius Group (NBIS). Across Canadian small caps, Hydreight Technologies (NURS.V) and Abaxx Technologies (ABXX.NE) continued to demonstrate strong technical setups as they traded near prior highs.
Conclusion
Equity markets stabilized following a volatile start to the week, with breadth improving and investors rotating back into growth and cyclical themes. Treasury yields advanced alongside a firm dollar, while gold and technology shares led broader gains. The S&P 500’s sustained position above its key moving averages reinforced the market’s constructive technical posture.
With earnings season entering its final phase and macro attention turning to central bank meetings, the focus remains on whether markets can maintain momentum amid rising yields and persistent policy uncertainty.
“Momentum investors don’t argue with price; they follow it and know exactly where they’re wrong.” — Richard Dennis
Now, onto the daily setups.
US Daily Setups
CIFR – Cipher Mining Inc.
Cipher Mining is attempting to break out from an ascending triangle continuation pattern.
FUTU – Futu Holdings Ltd.
Futu is consolidating near its recent high. Monitor to see if price action can maintain above its upward-sloping moving averages, which may potentially lead to a breakout.
IREN – IREN Ltd.
IREN is attempting to break out to a new high following the bullish options activity highlighted in last night’s Unusual Activity Report.
JPM – J.P. Morgan Chase & Co.
J.P. Morgan continues to consolidate below recent highs. Monitor to see if price action can finally begin to break free from this trading range.
LAES – SEALSQ Corp.
SEALSQ is working its way toward the apex of a consolidation area. Monitor for signs of upside momentum that may lead to a breakout.
LMND – Lemonade Inc.
Lemonade is breaking out from the recently highlighted pattern.
MMM – 3M Co.
3M is testing the recent breakout line in the form of a potential bullish flag continuation pattern.
NBIS – Nebius Group N.V.
Nebius appears to be consolidating in the form of a potential bullish pennant continuation pattern. Monitor to see if price action can reveal a directional break from the consolidation area.
PLUG – Plug Power, Inc.
Plug Power appears to be testing a recent breakout line as the PPO momentum indicator tests the zero line. Monitor to see if price action can begin to curl higher from this zone.
TSLA – Tesla Inc.
Tesla continues to consolidate as the PPO momentum indicator attempts to shift direction. Monitor for a potential directional break.
U – Unity Software Inc.
Unity Software is now attempting to break out from the recently highlighted pattern.
WFC – Wells Fargo & Co.
Wells Fargo is consolidating in a tight trading range between significant horizontal resistance and an upward-sloping moving average. Monitor to see if the moving average can begin to push price through the top of this consolidation area.
LINK TO CHART – https://schrts.co/mSQxYxDt
Canadian Daily Setups
ABXX.NE – Abaxx Technologies Inc.
Abaxx Technologies is the gift that keeps on giving, as price action continues to walk above its upward-sloping moving averages.
BIR.TO – Birchcliff Energy Limited
Birchcliff Energy is attempting to take out the next level of horizontal resistance.
BLDP.TO – Ballard Power Systems, Inc.
Ballard Power Systems is consolidating in the form of a potential bullish pennant continuation pattern. Monitor for any signals indicating a continuation of the uptrend.
CNQ.TO – Canadian Natural Resources Ltd.
Canadian Natural Resources is working its way toward the apex of a significant multi-year base. Monitor for signs of upside momentum that may finally signal a breakout. Take note of the increase in volume during the months of June and September, suggesting accumulation as price action approaches this critical juncture.
MFC.TO – Manulife Financial Corp.
Manulife Financial continues to break out from the base pattern that has been highlighted.
NURS.V – Hydreight Technologies Inc.
Hydreight Technologies continues to consolidate near its 52-week high. Monitor to see if price action can begin breaking higher from this consolidation zone.
NVA.TO – NuVista Energy Ltd.
NuVista Energy is breaking out from the setup that has been highlighted, following the recent takeover news.
PEY.TO – Peyto Exploration & Development Corp.
Peyto continues to attempt a 52-week high breakout.
SLF.TO – Sun Life Financial Services of Canada, Inc.
Sun Life Financial appears to be setting up on the right side of a consolidation area. Monitor to see if the moving average can begin to push price through the top of the pattern.
TOU.TO – Tourmaline Oil Corp.
Tourmaline Oil continues to set up on the right side of a multi-year base. Monitor for signs of upside momentum.
TSAT.TO – Telesat Corp.
Telesat is testing the recent breakout line in the form of a potential bullish flag. Monitor to see if price action can hold this level and if the PPO can begin to turn higher from the zero line.
WJX.TO – Wajax Corp.
Wajax is breaking out from the setup highlighted in last night’s report.
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
(Stocks are sorted to highlight those with the strongest momentum at the time of the scan)
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.
SLDP, EVC, NPCE, LMND, RIGL, TDC, KW, SEDG, BW, VCYT, NGL, AIP, DAWN, ALGT, EGHT, RDNW, LITE, RIVN, FTRE, MG, THAR, APPS, ESTA, OSS, QLYS, TEVA, MGRT, ZETA, U, DOCN, ARMP, WKEY, JKS, AEIS, MAMK, MNRO, FCEL, SNDA, UFCS, IREN, KMT, OI, CSIQ, SHOO, IHRT, PLCE, GPRE, DBD, DBI, PMI, NXT, TBLA, CTRI, VTYX, WEYS, TE, FUBO, ATS, MNKD, QS, ACTG, CAMP, HG, IRWD, STX, CIFR, BE, MBI, KYTX, PRCH, METCB, GSAT, MU, IEP, KSS, JCI, IAG, SANM, IMDX, BHE, ENTX, ARL, BLDP, VRDN, RMBS, TCI, FLNC, RUN, LE, FTCI, LC, AMGN, CORT, OMAB, AMPX, ECG, ECX, CGTX, CNK, BCO, STRL, VICR, NBIX, NSSC, ECBK, GCO, AGX, AUGO, KGC, CIEN, FORM, MDGL, SIMO, M, BDTX, MRAM, STRT, RPRX, ADUS, TER, ITIC, CWEN, JBIO, CWEN/A, VLRS, LUV, AXTI, APLD, EXEL, ARWR, UAL, TV, AVD, MNOV, TPB, EGO, CSTL, AAL, LOMA, CDRE, MRVL, PTCT, LRCX, TBBB, FN, IPGP, CXDO, PLOW, PRSU, PKOH, IESC, VSCO, AES, PDLB, HOUS, SPHR, STTK, TTMI, FSLR, TSEM, FLEX, AMSC, AMBA, SNCY, KE, CVCO, VRT, HIPO, CRDO, CRK, CAMT, PSIX, ZIM, PANL, GGB, ACRE, MTCH, WDC, DAL, ERII, ONTO, COMP, MSB, RZLT, CYD, CLS, DSGN, DD, MOV, GRAL, ACLS, AEO, BLCO, POM, OBIO, ORA, COCO, ILMN, ACNT, BKE, TMP, AMAT, DAN, LWAY, COHR, NVMI, GAP, FUTU, MASS, WYY, JETS, RDVT, BWMN, ENVA, SPXC, TH, ANDE, CMPO, ZUMZ, ATLC, FFIC, KRMD, NAMS, TERN, ETON, INTR, PL, SU, CRGO, PLXS, JBL, PSN, AENT, BITQ, HOOD, COMM, ESEA, KFS, POWL, EMBJ, UGP, VIAV, EPRX, ECPG, TSLA, FNMA, MAR, MAT, QCOM, ADPT, ONC, CAT, PCAR, CTRN, SCCO, MPAA, MTSI, DAVE, TCBX, KEYS, POWW, FBYD, THR, AMKR, LAUR, ANAB, BBD, BSBR, CIA, EBR/B, NPKI, OMCL, TGB, CCSI, HRTG, B, HRI, PRM, MDXG, CECO, ATEN, WGO, YOU, PAGS, AGYS, APTV, SPRO, AZZ, CTEV, LCII, MIAX, MOFG, AII, PWR, TPC, HMN, FIX, DDS, SB, MRCY, OLED, SBS, MTUS, SYM, HLF, SIG, ENSG, PBR/A, GHM, VIV, PSTL, IMAX, WYNN, ELP, GOOS, NRG, VALE, FRD, NIC, NATL, CPA, ENS, PACS, GOSS, LUMN, IHG, NRIM, AMRX, GNSS, TTI, ASX, CRS, TEO, NC, CTMX, NBBK, EVER, COFS, CYH, SPFI, IMKTA, ORN, KEN, APGE, DHT, BHRB, FER, SD, MVBF, DY, GM, PGEN, VIPS, KLAC, LWLG, ASR, AFG, DLTR, SHIP, ST, COR, WTS, BLX, AVA, LND, PIPR, INCY, VTGN, HLIO, WS, ZWS, APG, ORRF, BOKF, RCKY, TK, FMBH, SIRI, WTBA, CALX, NVT, RELL, MIR, IRON, IBEX, EBR, LIT, LZ, ALTI, WSM, BELFA, DAC, ELA, AMD, GSL, TRMB, F, MGYR, SII, ACHV, FIHL, PAC, BBOT, EBS, MCY, VTRS, IONS, CMRE, MYRG, TNK, ABUS, CMI, GOOGL, WES, AHR, GOOG, LAZ, TCBK, ATLO, UI, SOFI, WSFS, ACNB, INDB, OCFC, ACGBY, NU, EWW, LEA, PHIN, WULF, FBNC, MBCN, MMM, XP, UTHR, CHEF, CX, NHC, DGICA, DCI, ISTR, BCH, TSCDY, APAM, HLT, INSM, UBFO, ALKS, HBNC, TEL, AFL, FELE, GLW, ACAD, BBVA, BFH, CELC, AX, YPF, IRS, ASMB, BDC, MCD, MTRX, HGTY, PPIH, DKL, AMG, GEL, BBIO, JBTM, SAN, VSAT, AER, LLY, TLN, LVS, MGA, ETN, SSSS, YEXT, BH, BTSG, FPH, PSTG, DRH, SPNT, BWFG, MKSI, PDM, IBM, TLK, EIX, ZBIO, CCBG, WINA, HCC, INSW, SMH, ISNPY, HUBB, SYF, CIG, CIVB, GABC, IMBBY, PDD, AMR, HWC, NUVB, REX, QD, TIMB, CIB, RNGR, NIO, RNR, GTX, ISRG, ROIV, CWBC, PTGX, BG, KB, BUSE, BWA, HNRG, NTRA, SEG, VLY, WCC, GRDN, TCBI, AIZ, BBU, HOPE, BTE, CRD/A, CTRE, KEX, LPG, LYG, NWG, PLX, BTI, FERG, CINF, FDX, UHS, FRBA, FRCOY, OSBC, RYCEY, STLD, DAKT, AMX, AORT, NHI, CNQ, WTFC, HASI, IFS, TRST, ATAT, EXPD, FIBK, HURN, MSGE, APH, NRIX, PEYUF, STEL, TDF, OPBK, FTK, NRP, PUK, AMPY, BCAL, DB, KNSA, BIP, BUD, ARQT, ATEC, HSBC, EQBK, NXG
Canadian Scanner Results
(Stocks are sorted to highlight those with the strongest momentum at the time of the scan)
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
QNC.V, MLP.V, GASX.V, ABXX.NE, FMT.V, ZEN.V, ATS.TO, VNP.TO, STGO.TO, MU.NE, CCCM.V, IMG.TO, BLDP.TO, NURS.V, MOLY.NE, SUP.V, WJX.TO, KEL.TO, SIG.V, KSM.V, K.TO, BOGO.V, UCU.V, CURA.TO, DMX.V, ELD.TO, LUG.TO, BRM.V, NCX.V, LGO.TO, ASE.V, SAG.V, HBM.TO, TSK.TO, CGG.TO, CLS.TO, FOM.TO, GIB/A.TO, URB/A.TO, LUN.TO, SU.TO, JOY.TO, ZOMD.V, TLG.TO, HMM/A.TO, OMG.V, DIR/UN.TO, SJ.TO, HG.CA, ARE.TO, NVA.TO, ERO.TO, HIVE.V, OGC.TO, TKO.TO, ZDC.V, TSLA.NE, TSLA.TO, KNT.TO, BDT.TO, ABX.TO, ADW/A.TO, CS.TO, TVE.TO, GOOS.TO, ELF.TO, EPRX.TO, AMX.V, NGD.TO, GTWO.TO, PSK.TO, BLM.V, DCBO.TO, AHR.V, PSLV.TO, MDNA.TO, FCR/UN.TO, GOOG.NE, GOOG.TO, AEM.TO, MAU.TO, AMD.NE, AMD.TO, STN.TO, WGX.TO, SDE.TO, WPM.TO, GIL.TO, NXR/UN.TO, HWX.TO, ACQ.TO, L.TO, SII.TO, BNXA.V, MOON.V, ARIS.TO, LLY.NE, CJ.TO, DBM.TO, OTEX.TO, BDGI.TO, EMP/A.TO, GEO.TO, ABRA.TO, IPCO.TO, MG.TO, SGR/UN.TO, BTE.TO, AVGO.NE, BTB/UN.TO, EXE.TO, FTT.TO, AAV.TO, HPS/A.TO, GRT/UN.TO, QTWO.V, HR/UN.TO, FNV.TO, WN.TO, SLS.TO, BCBN.NE, ERE/UN.TO, CHE/UN.TO, CNQ.TO, ATH.TO, RIO.TO, CG.TO, BB.TO, CEU.TO, CSU.TO, ET.TO, BIR.TO, CHP/UN.TO, DGS.TO, SPPP.TO, ETG.TO, SAP.TO, BIP/UN.TO, TOU.TO, BBD/B.TO, PRU.TO, MKP.TO, PPL.TO, MFC.TO, U/UN.TO, DFN.TO, PEY.TO, PMZ/UN.TO, KXS.TO, TECK/B.TO, MX.TO, SHOP.TO, CCL/B.TO, TIH.TO, CERT.V, BNE.TO, QSR.TO, BIPC.TO, SCR.TO, TPZ.TO, TRP.TO, ARX.TO, CGX.TO, FC.TO, SIA.TO, PFE.NE, POU.TO, SRU/UN.TO, NWH/UN.TO, REI/UN.TO, AQN.TO, AX/UN.TO, MER.TO, ALS.TO, EFN.TO, AD/UN.TO, PSI.TO, ARG.TO, MRE.TO, NXE.TO, YGR.TO, RSI.TO, IGM.TO, ATZ.TO, CPH.TO, GDV.TO, BNT.TO, UNC.TO, IMO.TO, T.TO, DIV.TO, MTL.TO, BLN.TO, BN.TO, SIS.TO, JPM.NE, MNO.TO, LN.TO, FFN.TO, FRU.TO, MGM.V, MTY.TO, CU.TO, EMA.TO, BBUC.TO, TNZ.TO, LFE.TO, SLF.TO, GFL.TO, DOL.TO, ENB.TO, FTN.TO, ACO/X.TO, CFP.TO, CSH/UN.TO, CNR.TO, EIT/UN.TO, PXT.TO, H.TO, PIC/A.TO, RCH.TO, GFCO.CA, ISTK.CA, AMZN.NE, AMZN.TO, CRR/UN.TO, EFX.TO, BOIL.CA, NA.TO, CGY.TO, TD.TO, BHC.TO, CRWD.NE, QBR/B.TO, CM.TO, CF.TO, EIF.TO, RY.TO, AAPL.NE, AAPL.TO, FTS.TO, IIP/UN.TO, MA.NE, HISU/U.TO, PSU/U.TO
