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 Zoom meeting to address your specific requirements and provide you with the guidance you need.

SYS Daily Report

As we enter the month of September, historical trends persist. Since 1950, September has consistently proven to be the most challenging month of the year, often evoking unsettling memories. The bond market and the US dollar have contributed to casting a shadow over the festivities, abruptly halting the Nasdaq’s most promising two-week rally since March. Undoubtedly, this is the season to exercise unwavering vigilance and prudence, ensuring that stop-loss measures are thoughtfully in place. Be prepared for sustained volatility as equities grapple to establish their direction. Both the NASDAQ and the S&P 500 have concluded the session slightly lower, still struggling with the horizontal resistance line that we highlighted last week.

$TNX – CBOE 10-Year US Treasury Yield

The stock market appears to have been rattled by another surge in Treasury yields. The 10-year yield surged by 9 basis points, reaching nearly 4.27%. This marks an almost 18 basis point increase over two sessions, pushing the benchmark yield back above the 4% threshold. Concurrently, the chart exhibits a significant cup base pattern with a forming handle on the right side. A breakout from this technical pattern would propel the TNX to new multi-year highs, regrettably indicating a potential continuation of the uptrend, which may not bode well for stocks.

$USD – US Dollar – Cash Settle

The US dollar has initiated a move above the horizontal resistance line that was highlighted over the weekend, as price action makes an attempt to break out.

$SPX – S&P 500 Large Cap Index

The S&P 500 is still encountering challenges with the horizontal resistance line as we enter the historically volatile month of September.

$COMPQ – Nasdaq Composite

The Nasdaq Composite has likewise hit a roadblock at the horizontal resistance, with price consolidating above the moving averages.

US Daily Setups

Welcome to the Daily Setups, where I provide insights into my daily routine as a professional stock analyst. It’s important to note that nothing on this website constitutes a recommendation to buy or sell. My aim is to simplify the complex world of stock trading and assist individuals with busy schedules by doing the heavy lifting for them in terms of homework. If you find value in my work, that’s entirely up to you.

It’s crucial to understand the dangers of blindly following stock recommendations you come across in any form. Throwing a dart in the dark can lead to catastrophic outcomes. That’s why I emphasize the importance of having a well-thought-out plan before considering any stock purchase. This plan must include a stop-loss order, but that alone is not sufficient.

Every trader must be aware of the range of possible outcomes, including the potential for unexpected events causing significant market gaps. Proper position sizing is key because even with a stop-loss, incorrect positioning can lead to severe account damage. The purpose of a systematic stop-loss is to exit the market if it shows signs of a downturn, protecting your capital for the next opportunity.

I want to make it crystal clear that my daily setups, while regularly posted here, should never be interpreted as immediate buy opportunities. Market conditions vary, and there are times of heightened volatility or downtrends when these setups are better used to create a watchlist. During these periods, we remain focused, identifying the best setups and strongest stocks with relative strength, preparing to capitalize when the tide turns. Please read this article – Stock Picking vs. Strategy: Why Everyone Just Wants a Quick Fix

AMD – Advanced Micro Devices, Inc.

Advanced Micro Devices is currently in the process of consolidating within a bull flag continuation pattern. Keep a close watch for the potential occurrence of a breakout.

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

CDNS – Cadence Design Systems, Inc.

Cadence Design Systems is presently in a consolidation phase just below its recent highs. It’s prudent to stay watchful for a possible breakout.

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

CRWD – CrowdStrike Holdings, Inc.

CrowdStrike remains positioned at the horizontal resistance line. Vigilance is advised for the potential emergence of upward momentum.

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

KLAC – KLA Corp.

KLA is currently making an effort to establish an upward trend from its ongoing continuation pattern.

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

LEU – Centrus Energy Corp.

Centrus Energy has begun the week on a robust note, with price action continuing its upward trajectory from the previously emphasized basing pattern.

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

NFLX – Netflix, Inc.

Netflix is attempting to ascend from what appears to be a continuation wedge or a bull flag continuation pattern.

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

ORCL – Oracle Corp.

Oracle is displaying signs of an uptick in momentum, as it accelerates higher in alignment with the pattern we’ve been consistently highlighting. Notably, the substantial volume by price bar suggests significant accumulation throughout this pattern.

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

OXY – Occidental Petroleum Corp.

Occidental Petroleum is set up at the upper trendline of a substantial consolidation/continuation pattern. Keep a keen eye out for a potential surge in upside momentum that could lead to a breakout.

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

TSLA – Tesla Inc.

Tesla is presently consolidating along a horizontal resistance line, often referred to as a trigger line. It’s advisable to closely monitor for any indications of upward momentum, which could potentially pave the way for a breakout.

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

URA – Global X Uranium ETF

The uranium sector has initiated the week on a positive note, and the Global X Uranium ETF encompasses a collection of the setups we closely monitor. Be sure to keep a watchful eye for a sustained increase in upside momentum.

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

Canadian Daily Setups

AOI.TO – Africa Oil Corp.

Africa Oil is showing signs of acceleration from the pattern we’ve previously highlighted, and the last three days have seen an increase in volume.

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

CAE.TO – CAE, Inc.

The CAE setup continues to display relative strength as price action attempts to trend higher from its giant bottoming base.

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

CET.TO – Cathedral Energy Services Ltd.

Cathedral Energy Services is attempting to push higher from a bullish pennant and above a large volume by price horizontal resistance line as the PPO momentum indicator sets up for a bullish cross.

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

DML.TO – Denison Mines Corp.

Denison Mines is trending to a new multi-month high from a bullish pennant continuation pattern.

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

FUU.V – F3 Uranium Corp.

F3 Uranium is set up at the apex of a giant basing pattern with an increase in volume. Watch for a potential breakout.

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

NXE.TO – NexGen Energy Ltd.

NexGen Energy is accelerating from the technical pattern that we’ve been sharing repeatedly.

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

US Scanner Results

Click on the CandleGlance chart to view it in full size, and if you find a chart that fits your criteria or interests, you can easily save it to your watchlist for further analysis and tracking.

Canadian Scanner Results

Click on the CandleGlance chart to view it in full size, and if you find a chart that fits your criteria or interests, you can easily save it to your watchlist for further analysis and tracking.

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 Zoom meeting to address your specific requirements and provide you with the guidance you need.