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.
Sample Trading System
The following trading system is presented as an educational example and should not be interpreted as financial advice. Past performance does not guarantee future results, and trading involves inherent risks. Please consult with a qualified financial advisor before implementing any trading strategies.
US Daily Setups
GCT – GigaCloud Technology Inc.
GigaCloud Technology seems to be consolidating, potentially forming a continuation pattern. This phase often indicates a pause before resuming the prior trend. Keeping a close watch on price action within this pattern could provide valuable insights into potential future movement.
LINK TO CHART – https://schrts.co/JzgWwvMM
MSOS – AdvisorShares Pure US Cannabis ETF
AdvisorShares Pure US Cannabis ETF has retreated to test a significant support line, and its directional movement is likely to hinge on upcoming news developments. Keep a watchful eye for any potential upside momentum triggered by announcements. However, it’s important to note that negative news could lead to a decline in the ETF.
LINK TO CHART – https://schrts.co/HXYyBWkv
ONTO – Onto Innovation Inc
Onto Innovation has consolidated tightly to the apex of a potential continuation pattern. Keep a close eye on the price action for any signals of a breakout. This pattern suggests a potential continuation of the current trend, so monitoring for decisive signals is crucial.
LINK TO CHART – https://schrts.co/rcmJBctm
OSCR – Oscar Health Inc.
Oscar Health is displaying further positive price action as it seeks to resume its trend. This uptick suggests potential momentum building in the stock. Monitoring its performance closely could provide insights into the strength of this trend resumption.
LINK TO CHART – https://schrts.co/AWWiWQGS
SCHW – Charles Schwab Corp.
It seems like Charles Schwab is setting up near its 52-week high. Monitor for any potential breakout signals.
LINK TO CHART – https://schrts.co/ciqGVwiP
SMCI – Super Micro Computer, Inc
Super Micro Computer has been consistently appearing on momentum scans despite a weak market tape in recent days. Currently, it’s approaching the underside of a significant horizontal resistance line. Keep an eye on any potential breakout signals in the price action. This could indicate a shift in momentum and offer trading opportunities.
LINK TO CHART – https://schrts.co/RbJIsvjb
To conclude our report, we thank you for your engagement and insights. Your feedback is valuable, and we encourage you to share your recommendations. For emerging opportunities, stay attentive to the Daily Setups, the Workspace, and the Watchlists. 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 – 2024-04-16
AAON, ACGL, ACMR, AEM, ALKT, AMAT, AMR, ANF, ARCH, ASML, ATI, AVAV, AVGO, BCO, BLBD, BSX, BTU, CAG, CAMT, CAVA, CECO, CGBD, CHD, CLS, CMG, COR, CPAY, CPNG, CR, CRS, CSWC, CXT, DDOG, DEFTF, DELL, DKNG, DMLP, DOCU, DRS, DSGX, DXCM, EOG, EZPW, FCN, FERG, FLEX, FRO, FTAI, GCT, GE, GEL, GIL, GIS, GLD, GLRE, HCI, HEI, HRB, IDR, IFF, IGIC, ITCI, ITGR, ITRI, IZM, JBI, KHC, KLAC, KNSL, KNTNF, LEVI, LRCX, LWAY, LYFT, MCY, METC, MLI, MTSI, MU, MUSA, NFLX, NOG, NRG, NRP, NTNX, NVDA, NVMI, NXE, OBDC, ODFL, ONTO, OPRA, OSCR, PGR, POST, PPC, PRCT, PSTG, PWP, RDNT, RTX, SCHW, SMCI, SMH, SPOT, SQSP, STNG, SWBI, TDG, TNP, TRMD, TRV, TT, TXRH, USAP, VCTR, VECO, VITL, VLTO, VRT, WAB, WDC, WDOFF, WEX, WING, WWD, XME, XYL, YUM
