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
Resilient Yet Cautious: Markets React to Trade Tensions and Inflation Signals
The stock market navigated a turbulent week, oscillating between optimism and caution amid renewed tariff threats, mixed economic data, and pivotal corporate earnings. Despite early-week gains, major indexes retreated as inflation expectations rose and global trade tensions escalated. Notably, AI-related names are making a strong presence in the daily setups section of the report, reflecting continued momentum and investor interest in the sector.
The Red-Light/Green-Light Breadth System
S&P 500 – Daily Chart
The S&P 500 closed at 6,025.99, down 0.9% on Friday and 0.2% for the week. The index struggled to maintain momentum, repeatedly testing key resistance levels amid concerns over potential tariffs and hotter-than-expected inflation data. Despite intermittent rallies, selling pressure intensified near the 50-day moving average, signaling investor caution as earnings season unfolded.
Nasdaq Composite – Daily Chart
The Nasdaq Composite ended at 19,523.40, declining 1.4% on Friday and 0.5% for the week. The tech-heavy index slipped below its 50-day moving average, raising concerns over potential weakness in growth sectors. Tech stocks faced heightened pressure from mixed earnings reports and macroeconomic headwinds, particularly in the software and semiconductor segments.
Dow Jones Industrial Average – Daily Chart
The Dow Jones Industrial Average finished at 44,303.40, dropping 1% on Friday and 0.5% for the week. The Dow’s performance reflected volatility in large-cap names, with heavyweights like Amazon (AMZN) and Nike (NKE) dragging the index lower following disappointing earnings results and tariff-related jitters.
Russell 2000 (ETF) – Daily Chart
The iShares Russell 2000 ETF (IWM) fell 1.2% to close at $226.00. Small-cap stocks underperformed, reflecting investor risk aversion amid economic uncertainty and potential interest rate adjustments. The Russell 2000 struggled to hold above its 50-day moving average, underscoring broader market fragility.
10-Year US Treasury Yield
The yield on the 10-year U.S. Treasury note closed the week down at 4.487%. The recent fluctuations in yields reflect growing concerns about inflation and the potential for the Federal Reserve to maintain a hawkish stance. Bond markets reacted sharply to hotter-than-expected wage growth and elevated inflation expectations from the latest consumer surveys throughout the week.
US Dollar – Weekly Chart
The U.S. Dollar declined by 0.27%, closing at 107.93. A combination of economic data and geopolitical developments influenced this movement. The U.S. employment report for January revealed an increase of 143,000 non-farm payrolls, which was below market expectations of 175,000, suggesting a potential deceleration in labor market growth. Additionally, President Donald Trump’s announcement of impending reciprocal tariffs heightened trade tensions, contributing to market uncertainty. These factors collectively led to a depreciation of the U.S. dollar as investors reassessed the economic outlook.
Crude Oil – Weekly Chart
West Texas Intermediate (WTI) crude oil climbed 0.55% on Friday to settle at $71.00 per barrel, though it ended the week down 2.11%. Prices were bolstered by ongoing geopolitical tensions in the Middle East and signs of tightening supply. On the daily chart, price is sitting at a key support level, with notable bullish options activity emerging in the energy sector. However, persistent demand concerns tied to global economic growth capped the upside, weighing on the weekly performance.
TSX – Daily Chart
The TSX Composite Index closed at 25,442.91, down 0.4% on Friday and 0.4% for the week, snapping a three-week winning streak. The decline was led by the communication services sector, with BCE Inc. (BCE.TO) falling 6.2% amid dividend cut speculation. Additionally, Canopy Growth Corp (WEED.TO) plummeted 27.6% after reporting a larger-than-expected quarterly loss. Strong Canadian jobs data tempered expectations for a near-term Bank of Canada rate cut.
Copper – Weekly Chart
Copper prices had a strong week, breaking out from the technical pattern we have been charting.
Gold – Daily Chart
Gold prices remained stable, supported by safe-haven demand amid geopolitical tensions and persistent inflation concerns. Investors sought refuge in the precious metal as market volatility increased.
Silver – Weekly Chart
Silver experienced modest gains, benefiting from its dual role as both an industrial metal and a store of value. The metal tracked broader commodity trends, supported by inflation-hedging demand.
Uranium Theme – Global X Uranium ETF
The Global X Uranium ETF remained stable, highlighting ongoing interest in the clean energy transition. Strong demand fundamentals in the nuclear energy sector continue to support long-term investor interest.
Bitcoin – Weekly Chart
Bitcoin dipped below key support levels, reflecting broader risk-off sentiment in financial markets. The decline aligns with reduced appetite for speculative assets amid tightening liquidity conditions.
Ethereum – Weekly Chart
Ethereum posted a mixed performance, with price action fighting off a breakdown from the large pattern we’ve been charting. Developments in decentralized finance (DeFi) and blockchain adoption continue to drive long-term interest. Regardless of media narratives, price action matters most. If price can’t continue to defend the lower trendline of this pattern, one could say, “look out below.”
Markets ended the week on a cautious note, with major indexes like the S&P 500, Nasdaq, and Dow Jones retreating amid renewed trade tensions, rising inflation expectations, and mixed economic data. Concerns over potential reciprocal tariffs and softer-than-expected U.S. job growth weighed on sentiment, while strong Canadian employment data couldn’t prevent the TSX from closing lower. Oil and cryptos faced volatility, while gold and silver held steady as safe-haven demand persisted.
With key CPI and PPI data due next week, along with pivotal earnings reports, remain cautious but flexible. Focus on sectors showing relative strength, manage risk carefully, and be prepared for continued volatility. Consider reducing exposure if positions aren’t performing and have your watchlist ready for potential opportunities post-data releases.
“Hope is not a strategy. Cut your losses and move on.” – Michael Marcus
Now, onto the daily setups.
US Daily Setups
AISP – Airship AI Holdings Inc.
Airship AI is attempting to break out from a bullish flag, which could also be considered a bottoming pattern. Monitor closely for signs of sustained upward momentum and confirmation of the breakout.
LINK TO CHART – https://schrts.co/EDEqMyYJ
ASPI – ASP Isotopes Inc.
ASP Isotopes appears to be consolidating in the form of a potential bullish pennant. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/UsZqeFbS
BWXT – BWX Technologies, Inc.
BWX Technologies appears to be setting up off the lower trendline of a consolidation area. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/tNQqNixm
CRNC – Cerence Inc.
Cerence appears to be setting up in the form of a bullish flag. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/NgxNpZjx
INOD – Innodata Inc.
Innodata appears to be setting up just below its 52-week high. Monitor closely for any breakout signals that could confirm upward momentum and a potential new high.
LINK TO CHART – https://schrts.co/phXIjsKW
MYTE – MYT Netherlands Parent B.V.
MYT Netherlands is setting up just below its 52-week high. I appreciate when moving averages naturally form the lower trendline of the pattern I’m monitoring, and this chart is a perfect example. Both breakout patterns highlight price action consolidating sideways, creating a horizontal upper trendline similar to an ascending triangle. The upward-sloping moving average serves as the dynamic lower trendline, offering a clear visual of the pattern without the need to draw lines manually. Unlike subjective trendlines drawn by humans, moving averages are based on actual data and cannot be altered, providing a more reliable and consistent view of the trend.
LINK TO CHART – https://schrts.co/QzGqIHPI
NBIS – Nebius Group N.V.
Nebius appears to be setting up just below its all-time high. Monitor closely for any breakout signals that could confirm upward momentum and a potential move past this key resistance level.
LINK TO CHART – https://schrts.co/QjBbPvkb
ONDS – Ondas Holdings Inc.
Ondas appears to be setting up in the form of a bullish flag. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/evWaXmZZ
PDYN – Palladyne AI Corp.
Palladyne AI appears to be set up in the form of a bullish pennant. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/UmUbSbeW
RCAT – Red Cat Holdings Inc.
Red Cat continues to set up in the form of a potential continuation pattern. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/dqYBHFRa
SERV – Serve Robotics Inc.
Serve Robotics appears to be setting up near its 52-week high, on the right side of a significant multi-month base. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/xcnEvrMU
ULCC – Frontier Group Holdings Inc.
Frontier Group is attempting a 52-week high breakout. Monitor closely for any breakout signals and sustained upward momentum.
LINK TO CHART – https://schrts.co/kwSsWNZj
Canadian Daily Setups
AIAI.CA – NetraMark Holdings Inc.
NetraMark appears to be setting up in the form of a continuation pattern. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/kPITcxQc
ALDE.V – Aldebaran Resources Inc.
Aldebaran Resources appears to be breaking out from the continuation pattern highlighted in Thursday’s daily setup. Monitor closely for sustained upward momentum and confirmation of the breakout.
LINK TO CHART – https://schrts.co/QuXCDfZV
ALGO.NE – Light AI Inc.
Light AI appears to be setting up just below its all-time high. Monitor closely for any breakout signals that could confirm upward momentum and a potential move past this key resistance level.
LINK TO CHART – https://schrts.co/TxfxXIrw
ANRG.TO – Anaergia Inc – Ordinary Shares (Sub Voting)
Anaergia continues to set up on the right side of a multi-month base. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/kRkCdDJX
CS.TO – Capstone Copper Corp
Capstone Copper appears to be setting up just below a significant horizontal resistance line. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/cAteUEBa
DCBO.TO – Docebo Inc.
Docebo appears to be consolidating in the form of a potential continuation wedge. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/RCXCRTRM
DOL.TO – Dollarama Inc.
Dollarama appears to be setting up in the form of a potential continuation pattern. The PPO momentum indicator is at a critical point where it will either break above the zero line or fail at the underside of zero. The PPO can act as a leading indicator to determine whether the breakout will occur or fail. The zero line is crucial for the PPO: when the PPO is above zero, it indicates positive momentum, and when below zero, it suggests negative momentum. A bullish signal occurs when the PPO breaks out from below zero to above zero, signaling a potential shift to positive momentum and a possible breakout.
LINK TO CHART – https://schrts.co/qSZIbkHw
DRT.TO – DIRTT Environmental Solutions Ltd.
DIRTT Environmental is set up in the form of a potential bullish flag. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/erBqyeXs
DRX.TO – ADF Group, Inc.
ADF Group appears to be setting up below the upper trendline and horizontal resistance of a significant consolidation pattern, which could also be considered a potential bottoming pattern. Price action has consolidated in the form of a downtrend, or what could be seen as a channel or wedge. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/ZhMYNpNZ
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 Watchlist Scan – 2025-02-08
DOCS, LTBR, LEU, BBAI, SWI, AFRM, IBO, ESE, VSAT, PINS, NET, MBOT, AISP, EXPE, SERV, OKLO, ULCC, FHTX, TTWO, CRNC, PGY, G, SMR, CADL, IBEX, MGNI, LUCD, NBIS, IIIV, DQ, MRSN, CLSK, MPWR, FUTU, LODE, EZPW, ONDS, PDYN, TDOC, TBN, XNET, MIND, BYRN, INOD, DRUG, IREN, VCTR, ASPI, QSI, SMCI, RERE, CNTA, TIGR, UBER, CCIRU, POST, SSNC, AMPX, UPST, BZUN, DSP, FRHC, RLX, HIMS, NNE, CINT, HOOD, RSSS, PLBY, PPC, LI, ROKU, PRTH, NUKZ, GSHD, OPRA, COUR, MESO, MLAB, MYTE, TZOO, DNA, LFWD, RDDT, LIF, TME, FINV, EDR, SEZL, IBIO, LNC, OPFI, TLSI, TUYA, PANW, HTHT, MAX, TKO, BABA, NBN, PTGX, ECX, GL, NWS, PFG, PTEN, FTNT, BWIN, ANET, GRRR, MSGE, GDS, ROAD, GHRS, KALA, EQH, CNO, DCGO, URA, YMM, GRAB, CCJ, BILI, MTD, PENN, TTD, LMND, CRUS, TENX, BKNG, IQ, LRN, TDG, ATAT, ROOT, LTH, SEAT, RXT, MVIS, CBOE, BRX, CVLT, ETON, SKE, NWSA, KWEB, ABNB, DOCN, CUZ, COPX, FG, WGMI, AUR, SLRC, JETS, VOD, DDL, VRT, RUSHA, MIR, REG, BWXT, LPSN, CARG, RCAT, FXI, BGC, PDD, CEE, CIFR, MOS, MKC, CW, ZETA, FSLY, CART, EHC, IBKR, OWLT, ACI, KMB, SHO, CPT, RBA, TRGP, ORCL, UE, IMO, GAMB, SRAD, FE, QFIN, DUOL, MNSO, FLR, MDLZ, IOT, RPRX, LDOS, CCOI, NOA, PSBD, TCOM, AMRK, WEC, APTV, FFTY, MITK, ACVA, NTES, SO, FLUT, LLY, PLL, SNY, MURA, NVDA, TIGO, AME, DVA, EHAB, XPO, COKE, GEV, KNTK, INTA, USM, STEP, FOUR, CLBT, ATYR, GBDC, PSFE, DSGX, KO, MTTR, BRO, CIBR, COOP, LAES, CGAU, CPA, MDGL, PBFS, AJG, AVPT, CMI, ASA, HES, LYFT, OR, SLF, WBA, CBNA, CRBG, ED, WDOFF, FIS, MOMO, ODFL, SII, VNET, ABT, ZS, MMC, TDS, CM, HACK, JXN, ANIP, KNTNF, COCO, IP, ASLE, SBFG, ALKS, FFIC, MGA, VRSN, CMS, DTM, FLOC, OPCH, UBFO, LADR, SKYW, TPL, EBAY, BXP, WWD, AON, MRX, TSSI, EXC, ZG, OGE, SBUX, TSAT, CBNK, RDWR, CFLT, MFC, NOK, S, AER, CHN, DUK, UTI, FSLR, JD, CYBR, WRBY, LFT, LX, PWR, T, UNM, Z, FCNCA, META, SGHC, AEE, FTK, BEKE, BTI, CVNA, DPG, MAR, API, ASAN, DAL, AM, DVAX, TDY, ALSN, TORXF, BLOK, BLX, NCDL, SE, TEL, AXON, CRWD, ERIC, MGM, CAH, TG, BFIN, CNK, FRT, JRS, BSX, FWONA, GRND, HLNE, SNEX, CANG, HSBC, K, MAIN, OSPN, GDDY, STN, PEGA, WB, AEP, EPD, GLD, AIZ, CME, ENVX, WEAV, BR, CGBD, FXY, V, AIG, HTGC, KR, WELL, YELP, RNGR, ALGS, DTE, ATRC, VTR, CIVB, HNRG, IHG, MCO, PPL, AAMI, GDYN, QSR, HESM, IDT, SPHR, WRB, HIG, MO, PRI, TPB, AKAM, BAM, BOXX, CBL, INFL, SPGI
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 – 2025-02-08
CTS.TO, GIP.V, HAN.V, AMC.TO, SUNN.CA, SCAN.V, TNZ.TO, STLR.TO, AII.TO, ALDE.V, ELBM.V, ATX.V, SMCI.NE, UBER.NE, ILLM.TO, ECO.TO, GASX.V, MSA.TO, ARX.TO, OGC.TO, AIAI.CA, MEND.CA, LUCA.V, CMI.V, BRM.V, ZDC.V, HBM.TO, ALGO.NE, PANW.NE, ANRG.TO, TVK.TO, DRT.TO, CIA.TO, CNL.TO, MDI.TO, III.TO, NCI.V, GTWO.TO, MAU.V, VROY.V, CDR.TO, FVL.TO, WILD.TO, SLS.TO, FM.TO, DR.TO, WRN.TO, DPM.TO, ADW/A.TO, EPRX.TO, ORA.TO, KSI.TO, POU.TO, POW.TO, CHR.TO, NFG.V, MKO.V, TOU.TO, TOT.TO, AMX.V, ETG.TO, SKE.TO, BB.TO, WTE.TO, FAR.TO, IMP.TO, PRB.TO, X.TO, GRID.TO, NEO.TO, GDI.TO, OLA.TO, DFY.TO, EQB.TO, STEP.TO, LGC.V, ABRA.V, LGO.TO, CGY.TO, FORA.TO, DSV.TO, LIF.TO, GMIN.TO, EMO.V, SXGC.V, RBA.TO, ASCU.TO, BTQ.NE, PEY.TO, NVDA.NE, TSU.TO, TUO.V, NDM.TO, CG.TO, RUS.TO, ACO/X.TO, BIR.TO, IPCO.TO, EFN.TO, DNTL.TO, CJ.TO, SII.TO, KEY.TO, MATR.TO, OR.TO, VRN.TO, SU.TO, SAP.TO, CRT/UN.TO, IFC.TO, TOY.TO, FC.TO, LLY.NE, ARG.TO, BK/PA.TO, VLE.TO, DSG.TO, PHX.TO, PMEI/UN.TO, ASM.TO, ATZ.TO, PIC/A.TO, DXT.TO, KNT.TO, SLF.TO, WDO.TO, NGD.TO, AIF.TO, QBR/B.TO, LCX.V, WCN.TO, EMX.V, EXE.TO, META.NE, META.TO, MVRS.NE, AD/UN.TO, MFC.TO, VHI.TO, VZLA.TO, CU.TO, KEC.TO, PSK.TO, SGR/UN.TO, BIP/UN.TO, PZA.TO, PPL.TO, ARIS.TO, ENB.TO, CRWD.NE, TXG.TO, FTT.TO, PMZ/UN.TO, BK.TO, FFN/PA.TO, EMP/A.TO, JPM.NE, NFLX.NE, PSU/U.TO, CAE.TO, LUG.TO
