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.

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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

Investors Brace for a Divided Fed as Markets Hold Near Highs

U.S. markets closed the week with modest gains as investors prepared for a closely watched Federal Reserve meeting expected to feature one of the most divided policy committees in years. Economic data released throughout the week—including consumer spending, inflation readings, jobless claims, and consumer sentiment—continued to support expectations for a quarter-point rate cut, with futures pricing the likelihood near 84%. However, mixed views among policymakers and delayed labor data kept uncertainty elevated. The Personal Consumption Expenditures Index rose 0.3% month over month and 2.8% year over year, aligning with forecasts, while sentiment improved to 53.3 in early December. Jobless claims fell to a three-year low, offering additional support to rate-cut expectations.

The 10-year U.S. Treasury yield ended the week near 4.14%, its strongest weekly gain since April, reflecting ongoing adjustments in rate expectations and a recalibration of risk appetite. The U.S. dollar’s longer-term outlook remained in focus as survey data showed cracks emerging in the previously entrenched weak-dollar consensus. While many strategists still anticipate a gradual decline, a growing minority expect the dollar to stabilize or strengthen, given divisions within the Fed and shifting global capital flows.

10-Year US Treasury Yield – Daily Chart

US Dollar – Daily Chart

Breadth & Major Index Charts

Market breadth showed a mixed tone as large caps pushed toward record highs while small caps struggled to maintain traction. The S&P 500, Nasdaq, and Dow Jones Industrial Average each posted modest weekly advances, marking their second straight week of gains. The Nasdaq showed relative strength, supported by a rebound in technology shares, while decliners slightly outpaced advancers on both major exchanges. Higher volume on Friday added a distribution day to the Nasdaq’s tally, though recent gains helped offset deterioration in momentum.

The Red-Light/Green-Light Breadth System signaled continued improvement, with the broad market displaying resilience despite uneven participation. The Russell 2000 (ETF) lagged on Friday but still posted a weekly gain as investors selectively rotated into economically sensitive and high-beta areas ahead of the Fed meeting.

S&P 500 – Daily Chart

Nasdaq – Daily Chart

Dow Jones Industrial Average – Daily Chart

Russell 2000 (ETF) – Daily Chart

TSX Recap

Canadian equities eased from record highs as the TSX Composite fell 0.5% on Friday, finishing the week down 0.2%. The pullback reflected profit taking following recent strength and softness in materials, which fell 1.1% amid weakness in several mining names. Jobs data provided a constructive backdrop, with the economy adding 53,600 positions in November and the unemployment rate reaching a 16-month low, supporting expectations that the Bank of Canada will hold its benchmark rate at 2.25% next week.

Technology and industrial stocks also moved lower, while overall sentiment remained supported by the improving labor picture and stable rate expectations.

TSX – Daily Chart

Digital Assets Overview

Digital assets experienced renewed pressure as Bitcoin retreated after failing again to break above the $94,000 level despite earlier attempts to recover from the week’s low. The move contrasted with equity strength following the inflation report, highlighting fragile liquidity and cautious sentiment ahead of the Fed decision.

Ethereum and Solana both traded lower alongside Bitcoin. Despite the pullbacks, the broader digital-asset market remained attentive to potential policy catalysts, with rate adjustments seen as influential for risk appetite.

Bitcoin – Daily Chart

Ethereum – Daily Chart

Solana – Daily Chart

Commodity Watch

Commodities delivered a mixed performance, with energy and metals reacting to macro shifts and sector-specific trends. Crude oil ended the week near $60, gaining 2.7% as prices continued to stabilize after recent volatility tied to supply expectations.

Copper advanced on Friday and posted a weekly gain as it attempted to break out of a developing technical structure. The metal’s improving tone reflected strengthening price action rather than any single catalyst, aligning with broader market resilience.

Gold edged lower on Friday, with silver closing higher on the day, mirroring volatility in global risk assets and investor positioning ahead of central-bank announcements.

The Global X Uranium ETF was weak on Friday after having a strong weekly performance.

Crude Oil – Weekly Chart

Copper – Daily Chart

Gold – Daily Chart

Silver – Daily Chart

Uranium Theme – Global X Uranium ETF – Daily Chart

Sector & Thematic Movers

Sector performance showed a modest tilt toward communication services and technology. The communication-services sector reached a new closing high, supported by selective strength in large-cap media and streaming names. Technology shares also contributed positively, extending gains from the midweek rally.

Energy and utilities lagged, while consumer discretionary names saw pockets of strength, including notable moves in retail after several companies reported updated forecasts. Specialty retailers, educational software companies, and data-storage providers ranked among the stronger industry groups. Meanwhile, heavy construction, foreign banks, steel producers, and several healthcare-related industries trended lower.

Stock Movers

Several high-profile corporate developments shaped individual stock action. Netflix (NFLX) declined 2.9% after agreeing to acquire the TV, film-studio, and streaming business of Warner Bros Discovery (WBD) for $72 billion, a deal that sent Warner Bros Discovery (WBD) higher by 6.3%. Other bidders saw weaker performance, including Paramount Skydance (PSKY), which fell sharply.

In the Dow, Salesforce (CRM) advanced 5.3% as its recent momentum continued, helping lift the index. Visa (V) and Goldman Sachs (GS) also contributed to the day’s strength.

In retail, Ulta Beauty (ULTA) surged 12.7% following raised annual forecasts, supporting gains across several consumer-related industries.

From the daily setups, Vertiv Holdings (VRT) continued to attract attention as it worked through a technical continuation pattern ahead of a period marked by elevated interest in AI infrastructure themes. Five Below (FIVE) also remained in focus as it attempted to push through a multi-month base supported by rising volume.

Options & Insider Flow

Options and insider activity offered additional insight into sector positioning as markets approached the Federal Reserve’s highly anticipated meeting. Recent bullish positioning appeared in Meta Platforms (META) and Sirius XM (SIRI), both of which continued to register notable options activity as they approached key technical levels highlighted earlier in the week. Meta Platforms (META) remained active as price action pressed against gap resistance, while Sirius XM (SIRI) continued to shape a multi-year bottoming wedge supported by recent bullish option signals.

Across the small- and mid-cap space, several U.S. names from the Daily Setups list—including Bright Minds Biosciences (DRUG), Five Below (FIVE), Vertiv Holdings (VRT), and Reddit (RDDT)—showed technical progress that aligned with recent activity in their respective options profiles or volume patterns. Vertiv Holdings (VRT), tied to the broader AI-infrastructure theme referenced throughout the week, continued to build within a continuation pattern as investors rotated toward companies positioned within high-growth technology segments.

Insider transactions also contributed meaningful signals. In Canada, filings included activity connected to companies navigating operational realignments or evolving corporate structures. The movement in Orla Mining (OLA.TO), which declined sharply after a major shareholder sold a sizable block of shares, stood out among resource names. Broader insider patterns across both countries reflected selective repositioning rather than sector-wide accumulation or liquidation, with activity clustering around companies experiencing strategic, financial, or transitional developments.

Small-Cap Spotlight

Small caps remained a focal point as investors assessed sensitivity to interest-rate expectations and liquidity conditions ahead of the Federal Reserve decision. The Russell 2000 slipped 0.4% on Friday but still gained nearly 1% for the week, extending its two-week recovery. Despite the modest pullback, the index continued to build on the earlier momentum observed across airlines, truckers, and other rate-sensitive areas, which expectations of easier monetary policy had supported.

Several U.S. small-cap setups displayed constructive technical behavior. RideNow Group (RDNW) advanced within a rounded-bottom formation, One Stop Systems (OSS) continued to pressure its 52-week high, and Xometry (XMTR) held near a recent breakout level while forming a continuation pattern. Astera Labs (ALAB) and JFrog (FROG) also remained engaged in well-defined technical structures that aligned with the broader improvement in technology names highlighted earlier in the week.

In Canada, the picture was more uneven. The TSX Composite weakened as materials declined 1.1%, echoing softness among several mining-linked small and mid caps. Orla Mining (OLA.TO) led the downside with a 11.1% drop following a significant share sale. At the same time, energy-related names such as ARC Resources (ARX.TO), Tourmaline Oil (TOU.TO), and Trican Well Service (TCW.TO) continued to build within constructive bases or approached breakout levels, underscoring the relative resilience within the Canadian energy complex.

Conclusion

Markets entered the new week positioned near highs, supported by steady index performance, improving breadth, and ongoing resilience in leading sectors. Yet the approaching Federal Reserve meeting introduced a heightened degree of uncertainty, with divisions among policymakers drawing increased attention to guidance, dissent counts, and updated projections. Crypto markets decoupled from equities, commodities traded in mixed fashion, and Canadian equities saw modest profit taking following a series of record highs. As investors navigate these crosscurrents, technical posture and upcoming macro releases—particularly labor data and the Fed decision—remain central to shaping the next phase of market direction.

“A stop loss is not a sign of weakness; it’s a sign you respect uncertainty.” — Bruce Kovner

Now, onto the daily setups.

US Daily Setups

Astera Labs continues to set up after being rejected by horizontal resistance. Monitor to see whether price action can take another run at that resistance line.

Bright Minds Biosciences continues to attempt its breakout from the setup we have been highlighting. Monitor to see whether it can begin to sustain movement above this level.

Okeanis Eco Tankers is consolidating in the form of a potential bullish flag continuation pattern. Monitor to see whether price action can begin turning upward from this structure.

Five Below is attempting to break out from its multiple-month base as volume expands for a third straight session. Monitor to see if buyers can maintain this pressure and drive a sustained move through resistance.

JFrog has worked its way into an apex between its upward-sloping moving average and a horizontal resistance level. Monitor to see whether the rising moving average can provide enough pressure to drive price action through the top of the structure.

Goldman Sachs continues to attempt its base breakout from the pattern we’ve been highlighting, as it has shown up on momentum scans. Monitor to see whether price action can continue to push above the structure.

Meta continues to experience bullish option activity as price action challenges the underside of gap resistance. Monitor to see whether it can finally start to push above this level.

One Stop Systems is pushing up against its 52-week high. Take note of the volume profile that began to strengthen in early June as the multi-month base started to develop. Monitor to see whether price action can finally start to break out from this base.

Pfizer has an interesting volume profile with price action tightening on the right side of a multi-month bottoming pattern. Monitor to see whether it can begin to break out.

Reddit continues to move above its upward-sloping moving average from the breakout we have been monitoring. Watch to see whether it can maintain this trend and build on the recent strength.

RideNow appears to be setting up on the right side of a significant, rounded bottom. Monitor to see whether price action can begin to break out from this pattern.

Sirius XM is experiencing bullish option activity as seen in the unusual activity report. Monitor to see whether price action can start to break out from this significant multi-year bottoming wedge.

Vertiv is set up as a potential continuation pattern. Monitor for a trend resumption if price action pushes above the structure.

Xometry is testing the recent breakout line as a potential bullish flag continuation pattern. Monitor to see whether price action can start to push above resistance.

Canadian Daily Setups

Aecon is now attempting to break out from the continuation pattern that we have been charting. Monitor to see whether price action can begin to hold above the structure.

ARC Resources is set up for a potential bottoming wedge breakout. Monitor to see whether price action can start to push above horizontal resistance.

PHX Energy Services has shown up on momentum scans over the last couple of days as price action appears to be setting up below horizontal resistance and the upper trendline of a multi-year consolidation/continuation pattern. Monitor for a continuation of upside momentum, which may lead to a breakout and suggest the continuation of the uptrend.

Petrus Resources continues to experience bullish volume as price action breaks out above the horizontal resistance line recently highlighted. Monitor to see whether this momentum can hold as the structure begins to open up.

Restaurant Brands International continues to set up for a potential breakout from its multi-year base. Monitor to see whether price action can begin to push through the upper boundary of the structure.

Trican Well Service is now pushing up against its 52-week high. Monitor to see whether price action can finally break out from the base we have been highlighting in the Daily Setups, as the structure continues to expand beneath resistance.

Tourmaline Oil continues to set up below horizontal resistance. Monitor to see whether price action can finally break out from this base, which we have continued to feature in the Daily Setups as momentum has been appearing.

Ucore Rare Metals is consolidating in the form of a potential bullish flag continuation pattern. Monitor to see whether price action can start to take out horizontal resistance.

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 Scanner Results

DBRG, ALMS, PRAX, SWBI, RBRK, BBOT, VSCO, TE, MYSE, ULTA, ZUMZ, SRZN, QNCX, IOT, DRUG, TTAN, HIMX, SATS, OCS, GANX, TDUP, SFIX, TDAY, YDES, JBIO, NEWP, MRNA, ECX, TERN, CV, BORR, RZLT, PVLA, EPRX, DBVT, APLS, SFTBY, OSS, WBD, KNOP, EYPT, HUYA, TH, RLMD, KARO, NPK, CAPR, ROKU, BIDU, BURL, ALAB, LUV, COO, DLTR, DG, KRYS, PEGA, TLSI, VERA, CRM, GPCR, ALSMY, RDDT, ALB, STX, AIP, INDO, WDC, RDNW, SMRT, FOSL, SABS, DBI, TOYO, UBS, FEIM, VIAV, MBX, MU, DJCO, VPG, HUBG, DOCN, STTK, III, FROG, GDS, ITRN, TCMD, IVZ, ALGT, VOXR, EYE, APPN, LSCC, MESO, UAMY, FCEL, ULCC, AMRZ, PIPR, U, EM, KODK, GFS, VNDA, ENTA, BKNG, THR, GEHC, GLDG, VRT, AIOT, R, ONON, ADSE, ASYS, MGN, MC, ACAD, NATR, NFGC, ZBIO, BZ, AAL, LIF, MDB, RIGL, GFR, SERV, RL, TENX, ZTO, DGII, GIII, NRGV, PJT, CCCC, OVID, FIGS, CIEN, EVTL, JBLU, LBTYK, RRX, NIQ, SNDX, AB, PLG, CRGO, NUVB, AVR, LXEO, PEYUF, FIVE, LMND, RMBS, PACK, DKS, PDFS, IFNNY, ZETA, KNTNF, FLNC, GMED, PTGX, EDU, NBR, NUTX, PII, GNSS, TD, NN, VFC, JOYY, WRAP, NUVL, UPWK, BACQ, DDS, ERAS, AVY, CMC, COHR, DIN, MYFW, FCN, INO, CMPS, ECO, IHS, SKE, SNDR, LBTYA, CART, ANAB, AVGO, VICR, AKO/A, XMTR, ACR, LAZ, M, ARCB, INBX, TAL, LAW, ALSN, FTK, DLR, SLV, CCB, SEPN, SIBN, SNN, MATX, OWLT, CCAP, INTC, MAC, SKY, QSR, YETI, HAL, OMCL, CTGO, RMNI, AEIS, EFXT, LSPD, TPB, DVS, PAL, KEP, PLTR, CRGY, ABG, PRM, STGW, KSS, RSKD, SONO, IVR, CIO, SIRI, BELFA, MOV, SVRA, AUPH, PEN, AMRX, BOOT, CRK, GS, LYFT, RMD, FLEX, CTRN, TJX, CPRX, EXPE, YORW, ACLS, JETS, VTLE, AVAH, ELVN, MGM, ARVN, ASO, UMC, FR, MTCH, HPE, IESC, SJT, SPHR, SN, TRIP, WT, MOD, PFG, SGI, SHOO, DOOO, COMM, META, BTSG, IRD, DRD, VECO, STLA, ROL, ASTS, DMAC, DD, NUS, BELFB, BNS, DASH, CORT, BMO, GAU, SMTC, GRNT, ODV, PCAR, HNRG, TWLO, JAZZ, RLX, APGE, KNSA, REMX, SLM, TPVG, UI, INSG, TBN, MUFG, CRML, GOFPY, PANW, IAUX, CRUS, CYBR, GASS, SLSR, VTRS, EMF, TRDA, VNOM, BTE, ATRC, DERM, PLNT, POWL, GATX, LILAK, MIST, ORCL, QUAD, FICO, GRDN, INDV, MTRN, NXG, BILL, FXI, HTHT, KAR, RPRX, RVMD, TRMB, ARES, CHYM, FG, SLF, XPO, APA, ADI, CG, COCO, FET, LQDA, COKE, EDD, MCO, RNG, STT, TPR, AXGN, BCE, GFI, KF, BRSP, FN, TPG, IGV, ACMR, ALGM, RGNX, TSN, CSW, ITRG, AM, MAGN, WB, OUT, AAOI, FWRD, BKD, FCX, MTDR, TBCH, CTRI, EWBC, FIBK, KYIV, SIMO, LBRX, PRU, SUPN, PFE, CNX, EL, LILA, NGVT, IDCC, MAIN, SF, AGNC, AOS, SKYW, TTMI, ZM, ATAT, NVMI, COPX, GM, OCUL, SBRA, VZLA, GNK, RY, WCPRF, APP, SUTNY, BDC, CNTA, ISRG, NTB, RAIL, SMFG, VTGN, FOX, GOOG, KEX, ENTG, GOOGL, HLIT, SHC, IVT, BEN, BKV, ST, BAER, MPWR, NYT, QRVO, NTAP, LITE, DLNG, DX, LND, PBT, TDS, TER, UTHR, WIT, ANIX, AIQ, EPAM, LAD, PINE, EVR, NTRA, PATH, ATEN, EQT, KGS, LRCX, NESR, PCOR, SVM, VNET, ARDX, C, COLL, TNDM

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

BMM.V, LIFT.V, TOC.CA, NCX.V, VIPR.V, SEND.V, TUNG.CA, RET/A.V, CRTL.CA, LTC.V, WERX.CA, STCK.TO, ECU.V, ASE.V, AGMR.V, NUAG.TO, TRX.TO, CRDL.TO, PCU.V, RBX.V, SM.V, EPRX.TO, KNG.V, NEXU.CA, GGA.V, TCW.TO, ADBE.NE, HMMC.V, ABRA.TO, CRM.NE, ARE.TO, MU.NE, VMET.V, DCM.TO, SXGC.TO, FWZ.V, LUCA.V, ROCK.V, PRQ.TO, ACX.TO, AMRQ.V, NIM.V, ELO.TO, LULU.NE, PHX.TO, YGR.TO, SOIL.TO, GMIN.TO, PSD.TO, NFG.V, SHLE.TO, CF.TO, WAM.V, GQC.V, FAR.TO, APGO.V, BCBN.NE, UCU.V, IFP.TO, HCH.V, SVI.TO, MOON.V, HAI.TO, ALV.V, AMX.V, AVGO.NE, GFR.TO, SDE.TO, D/UN.TO, RUP.TO, SAG.V, SCZ.V, MDI.TO, GEO.TO, VLE.TO, DPM.TO, MER.TO, INTC.NE, PMET.TO, BIR.TO, CEU.TO, FDR.V, PLTR.NE, CFW.TO, TOU.TO, ALDE.V, TLG.TO, KNT.TO, BNE.TO, PEY.TO, CURA.TO, ARX.TO, ARG.TO, ATZ.TO, POU.TO, META.NE, META.TO, MVRS.NE, TD.TO, SFC.TO, MRT/UN.TO, CFP.TO, ORAC.NE, HBFG.CA, VEGN.CA, CCCM.V, DV.V, XTD.TO, GOLD.TO, SKE.TO, MKP.TO, E.TO, ODV.V, U/U.TO, AAV.TO, PSLV.TO, AU.V, PFE.NE, QSR.TO, CAPT.V, MDNA.TO, USA.TO, LFE.TO, EMP/A.TO, EFX.TO, GOOG.NE, GOOG.TO, CHE/UN.TO, ORE.TO, PTM.TO, IAU.TO, AX/UN.TO, EXE.TO, KEY.TO, LSPD.TO, KTN.V, DOO.TO, MX.TO, DFN.TO, DBM.TO, BNS.TO, FTT.TO, GRGD.TO, ERE/UN.TO, PMEI/UN.TO, REG.V, CS.TO, FM.TO, APM.TO, BMO.TO, LBS.TO, PIC/A.TO, PXT.TO, U/UN.TO, MAXM.CA, BTB/UN.TO, GGD.TO, TFII.TO, BZ.V, BDGI.TO, ESI.TO, PMAX.CA, FFN.TO, OBE.TO, AGF/B.TO, EDV.TO, BB.TO, BTE.TO, GDV.TO, RBA.TO, PD.TO, GAU.TO, SCOT.V, ITR.V, SLS.TO, BCE.TO, CDR.TO, DIV.TO, TGH.V, DOL.TO