Notice: The Weekend Report is provided for informational and educational purposes only and is not intended to be used as a stock-picking service or as financial advice. The charts and accompanying research are designed to support your analysis, serving as indicators rather than direct recommendations to buy or sell any security. The creator assumes no responsibility for actions taken by readers and strongly encourages individuals to fully understand the associated risks and potential outcomes before making investment decisions. Please note that any charts and/or information are intended to aid in research and should not be considered a definitive part of your personal trading strategy. Not all charts will lead to actionable buy or sell signals at any given time. Individuals should consider consulting a qualified financial advisor before making any investment decisions.

This is just a friendly reminder that it’s essential to monitor the Daily Setups and Workspace scan results, which can provide insights into potential future additions and help you stay ahead of the game.

If you’re having trouble understanding the Daily Setups or need help crafting a trading strategy, don’t hesitate to ask for assistance. You can email us 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.

SYS Daily Report – Weekend Edition

Markets Slide as Labor Data and Tariffs Disrupt Global Risk Tone

Risk Management Recap: Lessons from the Week

Throughout the week, the market offered a masterclass in why risk management isn’t optional—it’s essential. From stretched valuations in major indexes to the sharp deterioration in crypto and small-cap leadership, the signals were clear: risk was rising, even as some surface-level metrics suggested calm. Monday’s note cautioned against complacency as breadth narrowed and setups became scarce. It highlighted how sharp breakdowns in crypto equities like BitMine Immersion (BMNR) triggered stop-losses, demonstrating the value of predefined exits in protecting capital.

By Tuesday, the theme intensified. With examples like Galaxy Digital (GLXY) and BMNR again illustrating breakdowns through key exponential moving averages—specifically the 8-, 13-, and 21-day EMAs—traders were reminded that these Fibonacci-based levels can serve not just as trend gauges but as actionable trailing stops. When momentum breaks below these upward-sloping levels, it’s often the first and best signal to step aside.

Midweek, attention shifted to broader macro pressures. Hawkish tones from the Fed, flattening yield curves, and commodity weakness began to erode cyclical support. The market’s increasingly narrow leadership made clear that discipline would need to replace conviction. On Thursday, as small caps and equal-weighted indexes cracked below short-term technical levels, the message became urgent: define your downside now, or risk being defined by it later.

The system rules outlined in these reports all week long emphasized one consistent truth—protecting capital during uncertain stretches can be the most powerful position of all. Trailing stops using Fibonacci-based moving averages not only limit losses, but they also preserve gains when momentum fades. The examples shared weren’t just theoretical—they played out live across sectors from crypto to tech. This week served as a clear reminder: risk management isn’t just a strategy—it’s the foundation for longevity.

Macro Overview

Friday’s session marked a turning point for risk sentiment, as the combination of a starkly weak U.S. jobs report and sweeping new tariffs cast a long shadow over recent market optimism. The July employment data showed a gain of just 73,000 jobs, the lowest since the pandemic era, alongside downward revisions totaling 258,000 for the prior two months. The unemployment rate ticked up to 4.2%, while average hourly earnings rose 3.7% year-over-year. The softness in labor data reignited expectations of a September rate cut, with futures pricing in more than 80% odds for a move.

At the same time, President Trump’s tariff policy reentered the spotlight with a notable escalation: Canadian goods not covered by USMCA now face a 35% levy, with additional tariffs imposed on imports from Brazil, Switzerland, and Taiwan. The dual impact of slowing job growth and rising trade friction rattled markets and upended expectations for policy stability.

10-Year US Treasury Yield: The yield plunged 17 basis points to 4.22%, the sharpest single-day drop since April. Shorter-dated yields were hit even harder, with the 2-year tumbling 25 basis points to 3.70%, reflecting the market’s urgent pivot toward dovish Fed positioning.

US Dollar – Daily Chart: The U.S. dollar index suffered a 1.2% decline, retreating broadly against major currencies. It marked its largest one-day drop against the yen since January 2023, driven by renewed expectations for lower U.S. interest rates and geopolitical uncertainty.

Breadth & Major Index Charts

Market internals deteriorated sharply, confirming the shift in tone. Participation weakened as high-profile names failed to cushion broader selling. The move lower was reinforced by heavy volume on the NYSE and deep negative breadth ratios.

The Red-Light/Green-Light Breadth System: The red-light signal accelerated across major exchanges. On the Nasdaq, decliners outpaced advancers by nearly 3-to-1, while the NYSE posted a 2-to-1 ratio, signaling uniform selling pressure.

S&P 500 – Daily Chart: The S&P 500 dropped 1.6% to close at 6,238.01, breaking decisively below its 21-day moving average and surrendering most of its weekly gains. The index closed near session lows, suggesting follow-through risk.

Nasdaq – Daily Chart: The Nasdaq Composite fell 2.2% to 20,650.13, its worst single-day performance since April. After hitting new highs just a day earlier, the index reversed sharply, losing short-term trend support.

Dow Jones Industrial Average – Daily Chart: The Dow shed 542 points, or 1.2%, closing at 43,588.58. The move erased multiple sessions of gains and reflected broad weakness in large-cap cyclicals and industrials.

Russell 2000 (ETF) – Daily Chart: The small-cap benchmark declined 2.0% on the day and 4.2% for the week, undercutting multiple levels of technical support. The move reflects a retreat in risk appetite and ongoing leadership erosion in speculative corners of the market.

TSX Recap

Canadian equities endured their worst day since April, dragged lower by both domestic pressures and cross-border tariff shocks. The TSX Composite Index declined 0.9% to 27,020.43, with a weekly drop of 1.7%. The move marked a meaningful reversal from record highs earlier in the week.

TSX – Daily Chart: The weekly candle formed a clear rejection of highs, with broad-based weakness across sectors. Technology led the downside with a 2.4% decline, while energy fell 1.9% alongside softer oil prices. The new 35% U.S. tariff on Canadian goods cast a shadow over exporters and manufacturers, while domestic data showed manufacturing contracted for the sixth straight month. One standout was MDA Space, which jumped 18.4% on a major contract award, defying broader selling pressure.

Crypto

Crypto markets unraveled Friday in a sharp reversal that wiped out key support levels and reignited concerns over leverage-driven fragility. What had been a steady stretch of relative strength in July abruptly gave way to aggressive selling, with both Bitcoin and Ethereum decisively breaking down. The move followed broader risk-off sentiment triggered by a weak U.S. jobs report and fresh tariff shocks. Notably, the sell-off in digital assets coincided with a rally in short-duration Treasuries, suggesting a re-coupling with traditional macro stress points. There were no ETF catalysts or regulatory headlines to spark the move—this was pure technical damage paired with high beta unwind of cascading liquidations.

Bitcoin – Daily Chart: Bitcoin plunged below both its 13-day and 34-day exponential moving averages, triggering Fibonacci-based trailing stop-loss levels that had been highlighted earlier in the week. Price action fell sharply from intraday highs above $118,000 on Thursday to settle near $112,195, reflecting a decisive loss of momentum and a technical shift toward short-term downside risk. This breakdown validates the warning from Thursday’s report, which used Ethereum as the example, where risk management protocols were outlined, specifically emphasizing the use of exponential moving averages tied to Fibonacci numbers as dynamic stop-loss tools to protect profits during uptrends.

Ethereum – Daily Chart: Ethereum mirrored the weakness, accelerating down to $3,386. It too fell below its 13-day and 34-day exponential moving averages, invalidating prior continuation setups. As highlighted earlier in the week, these moving averages serve as effective risk thresholds—particularly in high-volatility environments—and when broken, should prompt disciplined exit strategies. When rules aren’t followed, one can see the potential of accelerated downside after a break takes place. SET YOUR STOP!!!

This action reinforces the importance of defined risk, especially in speculative markets. As discussed throughout the week, using upward-sloping Fibonacci-based moving averages to trail gains is a proven method to shield against breakdowns—an approach that once again proved its merit during this session’s sharp reversal.

Commodity Watch

Commodities posted a mixed performance, with precious metals and energy markets responding sharply to shifting macro conditions. Safe-haven flows favored gold, while oil retreated amid growth concerns.

Crude Oil – Daily Chart: WTI crude closed down 3% on Friday to $67.26 per barrel, snapping its recent rebound as investors digested the potential impact of slower demand and a possible OPEC production uptick.

Copper – Daily Chart: Copper endured one of its most dramatic weekly reversals in decades following President Trump’s tariff announcement. After soaring earlier in the month, Comex copper futures collapsed by over  20% in a single session—plunging from above $5.50 to $4.31—erasing nearly all gains tied to arbitrage with the LME benchmark. The shock stemmed from the surprise exemption of refined copper from the 50% tariff, catching traders off guard and triggering a rapid unwind. Meanwhile, LME prices settled the week down about 1.4% at $9,630/ton, reflecting global market recalibration. U.S. inventories surged, and a massive spread compression signaled a shift in fundamentals. The magnitude of the decline marks the most significant one-day drop on record, and base-precious exporters like Freeport-McMoRan and Southern Copper saw steep losses as copper exposure reeled.

Gold – Daily Chart: Gold rose 2.25% from the lower trendline of its triangle to $3,362, marking its highest close in nearly two weeks. The metal remains supported by falling real yields and renewed economic uncertainty.

Silver – Daily Chart: Silver finished flat, down 0.1%, consolidating recent gains and maintaining position near short-term resistance. A potential breakout remains in focus if macro tailwinds persist and price tests support. A break below current support could take the price back to the breakout line around $34.58.

Uranium Theme – Cameco (CCJ) – Daily Chart: The uranium sector came under pressure this week, with the Global X Uranium ETF (URA) snapping its recent uptrend and closing near weekly lows. Leading uranium names such as Cameco (CCJ) reported solid earnings, yet the stock fell sharply, breaking below its upward-sloping 13-day and 34-day exponential moving averages—levels highlighted earlier in the week as effective Fibonacci-based trailing stops. This technical breakdown, confirmed by heavy volume and broad sector weakness, triggered stop-loss orders and signaled a shift in momentum. The retreat in uranium equities came despite a supportive long-term narrative, underscoring the market’s heightened sensitivity to earnings reactions and technical failures.

Sector & Thematic Movers

Sector performance skewed heavily defensive. Technology and consumer discretionary were hit hardest, while utilities, staples, and healthcare provided relative safety. Energy lagged due to lower oil prices, and financials traded lower alongside bond yields.

Earnings-related disappointments pressured growth stocks, while tariffs added another layer of uncertainty for global industrials. Notable strength was seen in homebuilders and gold miners, which responded well to the drop in rates and flight to safety.

Stock Movers

High-impact earnings reactions dominated the leaderboard. Reddit (RDDT) surged 17% on a surprise swing to profitability and sharply higher ad revenue. Monolithic Power Systems (MPWR) led the S&P 500, gaining 12% after robust quarterly results and upbeat guidance. On the downside, Amazon (AMZN) tumbled 8.3% despite a revenue beat, as cloud growth fell short of expectations. Apple (AAPL) lost 2.5% following strong iPhone sales offset by rising tariff-related costs.

Coinbase (COIN) declined 17% on weak transaction revenue. Eastman Chemical (EMN) dropped 19% after a dismal forecast. First Solar (FSLR) gained 5.3% on strong results. Other notable movers included Rocket Companies (RKT) up 12%, Fluor (FLR) down 37%, and Figma (FIG) up 5.4% in its post-IPO continuation.

Options & Insider Flow

Options activity showed clustered bullish behavior across multiple names. AppLovin (APP) saw over $21.7 million in calls bought, dwarfing put flow. Procter & Gamble (PG) and Align Technology (ALGN) exhibited heavy put selling, suggesting institutional confidence in price stability.

Individual names like USAR, FDMT, AES, and TIGO drew aggressive short-dated call buying above spot, indicating speculative upside bets. In Canadian markets, BCE saw size call purchases in both near- and long-dated expirations.

Insider activity reflected strong conviction. Executives at UPS, Prime Medicine (PRME), and Align Technology made sizeable purchases. In Canada, multiple insiders bought shares in Tourmaline Oil, Erdene Resources, and Principal Technologies. Meanwhile, heavy insider sales hit names like Discovery Silver, Wingstop, Rush Street Interactive, and Bank of America.

Institutional filings revealed concentrated buying in Celcuity (CELC) by Baker Bros Advisors, and material stakes in Veracyte (VCYT) and Victory Capital (VCTR) by BlackRock. Other notable positions came from GAMCO, Bank of Montreal, and Timucuan Asset Management.

Small-Cap Spotlight

Small caps were hit disproportionately, with the Russell 2000 suffering a 4.2% weekly loss. Still, some speculative names saw bullish flow and chart development. USAR and VFF continue to see building interest, while OPEN, FMCC, and FNMA exhibit technical setups signaling potential continuation if broader conditions improve.

In Canada, Abaxx Technologies (ABXX.NE) and Barrick Gold (ABX.TO) stood out for their relative strength. Village Farms (VFF) and Quipt Home Medical (QIPT.TO) also continue to build promising basing structures.

Conclusion

Friday’s session brought a clear shift in tone. The confluence of disappointing labor data, aggressive tariff policy, and rising Fed cut expectations rattled equity markets and led to sharp reversals across major indexes. Breadth deteriorated, volatility rose, and sector leadership rotated back toward defensives. While the long-term trend remains intact for many benchmarks, short-term technical posture has weakened considerably.

The coming weeks will hinge on follow-up economic data, particularly the next jobs report and CPI reading, as well as geopolitical developments. For now, markets appear caught between the promise of easing policy and the threat of economic deceleration—a dynamic that demands close attention to macro signals and leadership strength.

This week also served as a critical reminder that risk management must remain front and center. Readers were repeatedly warned about stretched valuations, narrowing breadth, and the fragility beneath headline strength. The breakdowns in crypto and small-cap names provided real-time examples of why defining downside—especially through tools like trailing stops anchored to the 8-, 13-, and 34-day exponential moving averages—is not just prudent but essential. Preserving gains and capping losses during periods of trend exhaustion is key to long-term success. As volatility rises and leadership compresses, the discipline to step aside when setups fail may prove to be the most valuable trade of all.

“If you don’t see an edge, don’t trade. Risk management starts with knowing when not to play.” — Tom Basso

Now, onto the daily setups.

US Daily Setups

AES appears to be setting up on the right side of a bottoming base. Monitor for any potential breakout signal.

Eldorado Gold appears to be setting up below its 52-week high. Monitor to see if a continuation of the trend can resume.

Freddie Mac appears to be setting up in the form of a potential continuation pattern as the PPO momentum indicator attempts to perform a bullish cross. Monitor for signs of upside momentum.

Fannie Mae appears to be setting up in the form of a potential continuation pattern as the PPO momentum indicator attempts to perform a bullish cross. Monitor for signs of upside momentum.

First Solar appears to be setting up on the right side of a bottoming pattern. Monitor for any potential breakout signals.

Gold Fields appears to be setting up near the apex of an ascending triangle continuation pattern. Monitor for any potential breakout signals.

MSOS saw a surge in activity on Friday. Keep it on the radar for potential trading opportunities.

Omega Healthcare is attempting to break out from a significant multiple month consolidation/continuation pattern.

Opendoor is consolidating in the form of a potential bullish flag. Monitor for any signs of upside momentum as price action attempts to consolidate along its moving average.

Reddit appears to be breaking out with robust volume. Monitor to see if a trend can form above its upward sloping moving averages.

Rocket Companies experienced another surge in volume as price action continues to attempt to break out. Monitor for continuation signals that may confirm a breakout above resistance.

Millicom is experiencing bullish option activity as price action consolidates in the form of a potential bullish flag along its upward sloping moving average. Monitor for any signs of upside momentum that may lead to a breakout.

USA Rare Earth is experiencing a surge in activity, both in volume and options, on Friday. Monitor to see if price action can start to break out from its trading range.

Village Farms is a setup recently highlighted as price action attempts to continue its trend above its upward sloping moving average.

Canadian Daily Setups

Barrick Gold continues to set up on the right side of a significant multiple-year base. Monitor to see if a trend can start to form, which may lead to a breakout.

Abaxx Technologies continues to act well, showing relative strength on Friday in a weak market tape. Monitor to see if this strength persists and leads to a potential breakout from the current setup.

BCE is experiencing bullish option activity in the US as price action appears to be setting up on the right side of a bottoming pattern. Monitor for any potential signs of upside momentum, which may lead to a breakout.

Dollarama continues to set up in the form of a potential bullish flag as the PPO momentum indicator curls higher at the zero line. Monitor for any signs of upside momentum that may lead to a breakout.

Enbridge appears to be setting up on the right side of a multiple-month base. Monitor for continuation of upside momentum, which may lead to a breakout.

Hydro One appears to be setting up in the form of a continuation pattern as the PPO momentum indicator attempts to break out above the zero line. Monitor for signs of upside momentum, which may lead to a breakout.

Keyera appears to be setting up near the apex of a significant multiple-month symmetrical triangle consolidation/continuation pattern. Monitor for any potential breakout signals.

Quipt Home Medical continues to set up for a potential bottoming pattern breakout. Monitor for any signs of upside momentum that could confirm the move.

TC Energy appears to be setting up on the right side of a significant multiple-month base. Monitor for signs of upside momentum, which may carry price back to the upper horizontal resistance line and potentially lead to a breakout.

Ucore Rare Metals is showing relative strength in a weak market tape as price action consolidates below horizontal resistance and its upward sloping moving average. Monitor to see if action can continue to trend above its moving average.

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 PDFs of Friday’s scan results 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.

EXPORT – US_stock_tickers_list

PHLT, FDMT, MGRT, WK, IMAB, ATEC, APPF, TILE, IRTC, CLLS, RDDT, NVT, OPEN, FMCC, AUPH, IRMD, NATR, NB, RKT, COOP, BFAM, MPWR, FNMA, SVV, SXI, USAR, CPS, NVTS, VFF, AREN, JOUT, TNGX, HR, SPXC, LWAY, TREE, TTDKY, NEOV, XERS, KNSA, HMY, AU, AVDL, FSLR, INDO, DHI, MBI, GFI, MLTX, COE, ORANY, GROY, INDV, STNG, RIGL, DRD, AWK, BJ, GENI, ONDS, RYTM, MP, PARA, DG, PHM, ADMA, D, LYG, ABBV, RBC, CRGO, PRDO, OSK, EA, JOBY, EVLV, OCUL, NIO, ADC, CBOE, DTM, XGN, ZTO, OHI, RMD, TDUP, ALNY, EGO, VSTA, AZO, HUYA, ODD, VCV, TIMB, ALPMY, FXY, VIOT, DANOY, NHI, NAC, SILA, BTG, HTGC, FRO, DGX, GLD, NGG, ENB, AES, BWA, PHYS, FTS, MLCO, KR, URGN, ELTX, NBB, ATAI, HDSN, NOC, ARI, ZWS, TOI, BLD, PSMT, ELP, EONGY, FNV, MTG, NZF, SBRA, CAMT, FOR, TLK, GBAB, INSM, KGC, BTI, LHX, T, URBN, AKO/B, PPRUY, QGEN, AZN, B, TJX, ENSG, BHST, SUPN, PPC, BLTE, CZWI, EVRG, PNW, WEC, DUK, DLTR, LNG, OLLI, SGU

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_stock_tickers

MDA.TO, GPH.V, GTII.CA, AKT/A.TO, AEC.V, HG.CA, STCU.CA, TRUL.CA, UCU.V, DPM.TO, LOVE.V, QIPT.TO, CS.TO, ABBV.NE, HSLV.TO, KLD.V, GAU.TO, GTWO.TO, CURA.TO, SUP.V, SBI.TO, NCX.V, ARE.TO, ANRG.TO, TA.TO, NGEX.TO, KPT.TO, AFN.TO, AII.TO, ELD.TO, U/U.TO, DSV.TO, U/UN.TO, PUR.V, VML.V, BTO.TO, ARIS.TO, ENB.TO, BILD.V, NG.TO, PSD.TO, PHYS.TO, EDV.TO, AIAI.CA, FTS.TO, MEND.CA, CNL.TO, H.TO, LUG.TO, GUD.TO, ENS.TO, ARX.TO, ABXX.NE, ARTG.V, FNV.TO, ALS.TO, ECN.TO, TRP.TO, ALA.TO, ARH.V, WJX.TO, BOND.TO, K.TO, VNP.TO, GIL.TO, ABX.TO, AIM.TO, GEI.TO, EIF.TO, RCI/B.TO, PRYM.TO, SVI.TO, WMT.NE, AEM.TO, NGT.TO, KEY.TO, OR.TO, SOIL.TO, AIF.TO, WPM.TO, EMA.TO, SSL.TO, FCR/UN.TO, HPS/A.TO, POW.TO, PRV/UN.TO, DOL.TO, NXR/UN.TO, CIX.TO, PIF.TO, GWO.TO, LNR.TO