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.

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

Rates and Dollar Firmness Reset Risk Appetite Across Markets

Macro Overview

Friday’s session reflected a clear shift in market tone as investors recalibrated around interest rates, currency strength, and policy expectations. The nomination of Kevin Warsh as the next Federal Reserve chair reinforced a narrative of tighter financial conditions, and markets responded by pulling back from risk rather than extending prior trends. Inflation data released earlier in the week remained elevated, keeping rate expectations anchored and limiting enthusiasm for near-term easing.

The U.S. dollar strengthened into the close, reversing recent softness and exerting pressure across global risk assets. At the same time, Treasury yields remained firm, signaling that financial conditions were holding steady rather than loosening. This combination mattered. Assets that had benefited most from abundant liquidity and speculative participation were the ones that weakened most decisively.

The overall tone of the session suggested a market transitioning from confidence to caution, with positioning becoming more selective and defensive as the week came to an end.

10-Year US Treasury Yield – Daily Chart

US Dollar – Monthly Chart

Breadth & Major Index Charts

Market internals weakened meaningfully as Friday progressed, confirming that selling pressure extended beyond a narrow group of names. The Red-Light/Green-Light Breadth System reflected deteriorating participation, consistent with a session where downside leadership broadened even as some headline indexes attempted to stabilize.

The S&P 500 held up better than most benchmarks on a relative basis, supported by large-cap defensives and selective earnings resilience. Still, daily action pointed more toward consolidation than renewed expansion. The Nasdaq Composite lagged, closing weaker as technology and growth-oriented groups struggled in an environment defined by firm rates and a stronger dollar. The Dow Jones Industrial Average showed relative strength, aided by defensive and income-oriented components. In contrast, the Russell 2000 ETF (IWM) underperformed sharply, reinforcing that smaller-cap equities remained the most sensitive to changes in liquidity expectations.

This divergence between large-cap stability and small-cap weakness was one of the defining features of the session.

The Red-Light/Green-Light Breadth System

S&P 500 – Daily Chart

Nasdaq – Daily Chart

Dow Jones Industrial Average – Daily Chart

Russell 2000 (ETF) – Daily Chart

TSX Recap

Canadian equities absorbed a significant downside shock as global repricing pressures filtered through resource-heavy sectors. The TSX Composite Index moved sharply lower, led by widespread weakness in materials and precious metals. The gold complex reversed forcefully, and miners followed suit, amplifying the impact on the broader index.

Industrials also weighed on performance, with Bombardier (BBDb.TO) falling sharply following trade-related headlines. Energy names contributed to the downside as well, including Imperial Oil (IMO.TO), which weakened after earnings-related disappointment. While the broader weekly structure still reflected earlier resilience, Friday’s action underscored how quickly macro forces, particularly currency strength, can dominate sector-level narratives in Canada.

TSX – Daily Chart

Digital Assets Overview

Digital assets extended their pullback alongside broader risk-sensitive markets. Bitcoin (BTC) weakened further into the weekend, reflecting sustained selling pressure as the dollar strengthened and liquidity expectations tightened. Ethereum (ETH) underperformed relative to Bitcoin, while Solana (SOL) continued to lag, consistent with typical behavior during defensive market phases.

The session reinforced that crypto assets remain closely linked to global liquidity conditions. As rate expectations firmed and the dollar strengthened, digital assets traded in line with high-beta risk exposure rather than showing any meaningful decoupling.

Bitcoin – Daily Chart

Ethereum – Daily Chart

Solana – Daily Chart

Commodity Watch

Commodities showed clear stress under the weight of dollar strength and firm rates. Gold reversed sharply after a strong run, and Silver experienced even more pronounced downside. The selling accelerated as the session unfolded, consistent with positioning being reduced and leverage unwound. The impact spilled into equities, particularly in Canada, where mining exposure is substantial.

Industrial metals such as Copper also softened, aligning with reduced risk appetite. In contrast, Crude Oil held firmer relative posture, standing out as one of the more resilient areas of the commodity complex along with Natural Gas. The Uranium Theme couldn’t buck the day’s overall theme, selling off amid broader commodity volatility.

Crude Oil – Weekly Chart

Copper – Daily Chart

Gold – Daily Chart

Silver – Daily Chart

Uranium Theme – Global X Uranium ETF

Sector & Thematic Movers

Sector performance reflected a clear defensive bias. Technology, materials, and precious-metals-linked groups lagged, pressured by higher rates and a stronger dollar. Enterprise software, semiconductor-related names, and miners were among the weakest areas, reinforcing the market’s reduced tolerance for duration-sensitive exposure.

Defensive sectors fared better. Telecommunications stood out as a relative area of strength, consistent with a market favoring stability and cash flow. Energy also held up comparatively well, supported by steadier crude oil pricing. Overall, the session was less about rotation into new leadership and more about pulling risk back across the board.

Stock Movers

Individual stock action provided a clear snapshot of market priorities. Verizon Communications (VZ) advanced sharply, helping support the Dow Jones Industrial Average and aligning with the day’s defensive tone. Growth leadership struggled, with Microsoft (MSFT) weighing on sentiment after its earnings, contributing to broader weakness across software and AI-related names.

Attention now turns to the upcoming earnings slate, which includes Alphabet (GOOGL), Amazon (AMZN), Advanced Micro Devices (AMD), Eli Lilly (LLY), Palantir Technologies (PLTR), and Walt Disney (DIS). These reports are positioned as important tests of whether large-cap leadership can stabilize under tighter financial conditions.

From the Daily Setups list, several names fit naturally into the broader narrative. Chevron (CVX) and Antero Resources (AR) aligned with relative firmness in energy, while Walmart (WMT) and Coca-Cola (KO) reflected the defensive tilt. Technology-linked setups such as Applied Optoelectronics (AAOI) and Lumentum Holdings (LITE) maintained constructive structure but remained sensitive to the broader pullback in risk appetite.

In Canada, stability-oriented names such as BCE (BCE.TO) contrasted with the broader selloff, while energy-linked setups like Tourmaline Oil (TOU.TO) aligned with relative strength in the energy complex. 5N Plus (VNP.TO) stood out by maintaining constructive behavior despite the challenging backdrop.

Options & Insider Flow

Options activity pointed to selective conviction rather than broad speculation. Institutional positioning emphasized large-cap exposure, with upside structures appearing in Microsoft (MSFT), Apple (AAPL), Alphabet (GOOGL), and Tesla (TSLA). Income-oriented strategies were visible in ServiceNow (NOW), suggesting expectations for stability rather than aggressive downside.

Communications and semiconductor exposure also appeared through Verizon Communications (VZ), Broadcom (AVGO), Lumentum Holdings (LITE), and Applied Optoelectronics (AAOI). Individual trades highlighted targeted positioning in names such as GSI Technology (GSIT), TAL Education (TAL), and Sanofi (SNY), reinforcing the theme of selective, measured exposure.

Insider activity across U.S. and Canadian markets reflected repositioning rather than uniform exit, with both accumulation and distribution present depending on sector and company context.

Small-Cap Spotlight

Small caps absorbed outsized pressure as financial conditions remained firm. The Russell 2000 ETF (IWM) lagged larger benchmarks, underscoring reduced appetite for speculative exposure. Liquidity-sensitive names struggled, and while several small-cap technical setups remained intact structurally, the broader environment favored caution and patience.

Conclusion

Friday’s session marked a meaningful change in tone. Firm Treasury yields and a strengthening U.S. dollar reshaped behavior across equities, commodities, and digital assets. Precious metals and crypto weakened sharply, small caps lagged, and market breadth deteriorated beneath the surface. While major indexes avoided outright breakdowns, the internal message was clear: risk appetite cooled. With a heavy earnings calendar ahead and key labor-market data approaching, the coming week will test whether markets can stabilize under tighter financial conditions or whether the defensive posture that defined Friday extends further.

“Discipline means honoring your stop even when it feels premature.” — Jack Schwager

Now, onto the daily setups.

US Daily Setups

Applied Optoelectronics continues to set up near its 52-week high.

Air Products appears positioned for a potential breakout from a bottoming pattern. Monitor for signs of upside momentum.

Antero Resources continues to position itself near the apex of a multi-year base. Monitor for continued signs of upside momentum.

Brookfield Renewable is attempting to break out from a continuation pattern.

Chubbis is setting up near its 52-week high. Monitor for continued upside momentum.

Chevron continues to accelerate above its upward-sloping moving average.

Disney appears to be setting up along a significant horizontal resistance line. Take note of the large volume-by-price bar, which suggests meaningful accumulation in this area of the chart. Monitor for signs of upside momentum.

EQT continues to set up on the right side of a consolidation area. Monitor for continued upside momentum.

GE Vernova continues to attempt its breakout.

GameStop continues to position itself above its upward-sloping moving average. Monitor to see whether price action can begin breaking out from this trading range.

Coca-Cola is attempting to break out to a new high.

M-tron Industries appears to be setting up near its 52-week high. Monitor whether price action continues to move above its moving averages.

Merck is attempting to break out from a continuation pattern.

Pfizer appears to be setting up near its 52-week high. Monitor for any potential breakout signals.

Procter & Gamble is rebounding from a significant retest of prior support. Monitor for continued signs of upside momentum.

The Defiance 2X Short RGTI ETF continues to break out from the pattern we highlighted a few days ago as weakness persists across the quantum space, with related names breaking lower.

Target appears to be setting up on the right side of a bottoming pattern. Monitor for signs of upside momentum.

Ventas appears to be consolidating in the form of a potential continuation pattern. Monitor for any potential breakout signals.

Walmart is attempting to break out from a bullish flag pattern.

Canadian Daily Setups

BCE is setting up on the right side of a base. Monitor to see if a trend can begin to form.

Boardwalk is attempting to move higher from a bullish flag. Monitor to see whether momentum can continue above its moving averages.

Brookfield Renewable is now attempting to expand from the tight trading range we have been highlighting.

Brookfield Infrastructure is attempting to break out from a continuation pattern.

Colonial Coal continues to experience robust volume.

ADF Group appears to be setting up on the right side of a base. Monitor to see whether upside momentum can continue.

Tantalus Systems is attempting to break out.

Granite REIT appears to be consolidating in the form of a potential bullish flag continuation pattern. Monitor to see whether price action can begin breaking higher.

Killam Apartment REIT appears to be set up in the form of a bullish flag. Monitor to see whether price action can continue above its upward-sloping moving averages.

Propel Holdings is showing up on momentum scans as price action consolidates in a tight trading range. Monitor for any signs of upside momentum.

Source Energy Services appears to be setting up on the right side of a multi-year base. Monitor for any potential breakout signals.

Tourmaline Oil continues to consolidate toward the apex of a multi-year continuation pattern. Monitor for any signs of upside momentum that could eventually lead to a breakout.

5N Plus is now breaking out from the recently highlighted pattern.

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 Scanner Results

PHOE, RHI, BUUU, DECK, POAS, ALLO, PLX, NPT, VZ, SWGAY, UNIT, CACC, FCAP, OPY, AAOI, ALT, THAR, AVIR, KFRC, JBSS, SNDK, SMCZ, TOYO, APD, ISPR, ACMR, VNTG, RRBI, MOG/A, NTHI, CL, BEPC, ARCB, IBRX, SLGL, AMN, AVBH, DXYZ, WEBS, PGC, ASGN, BEP, HSHP, CHD, AX, CARE, MOD, RELL, TMP, LUCD, SGMO, CRK, ASC, HWBK, ELMD, PKST, MO, EKSO, VTVT, ATNI, TALK, LNSR, PARR, BKD, NWFL, MLKN, CVX, PEP, KFY, GH, CNX, BARK, FCBC, GENC, DAKT, TEVA, ELVN, AB, AR, WILC, FSFG, BEN, SHBI, IMKTA, LITE, CPA, CON, MPTI, GE, FFWM, NXST, REI, DGX, PDLB, ELVA, TGT, VMD, MBIN, AXGN, BSRR, EQT, FMAO, MFIN, WDFC, MZTI, SIMO, UA, CPF, FXNC, THFF, EXE, KGS, TR, CRC, FRME, SENEA, CHCT, LFCR, TSBK, BIIB, ODC, NHC, VIRT, AROW, CASS, GTY, HIG, COR, TSQ, RPRX, BFST, CDP, CRGY, GIII, LNKB, UAA, WTBA, DK, SAFT, CAC, ERAS, OLPX, CZNC, INDV, SPFI, GPOR, WNC, UHT, KO, LMT, GSK, COKE, SHMD, SNDA, MRK, TTMI, HTH, FPI, PEBO, CMCSA, WNEB, CAH, FIVE, ARKO, GILD, ORRF, AD, CINF, EZPW, NC, EE, RBCAA, BHRB, RGA, NHI, UNTY, FLOC, TMV, NPK, ASLE, DHT, PFIS, CVGW, SB, HMN, ACNB, NATR, CBUS, JRS, BNR, EDU, LIVN, SOPH, HLF, IVT, NML, GBCI, JBIO, GPCR, BRX, PKOH, TGNA, CCNE, PEBK, WMT, DCO, AROC, HUYA, WELL, BLBD, SNN, BMY, FUJHY, PCVX, RUSHA, UVV, BVS, ATLO, NFBK, COP, CMPR, COLB, EFXT, FOX, KARO, MAC, NBB, DSX, FOXA, GOLF, AMPH, EPR, HFWA, PFE, FCF, MBWM, AVO, STBA, INVA, NBBK, GEV, ALH, AQN, REG, AVA, UL, AVD, UE, BDX, HCA, GRVY, ABBV, CHMG, FDP, LOB, ROST, SD, TBT, TARA, AFG, ALCO, CURB, GEF/B, OTTR, PRU, AMP, DEA, CB, JOUT, SBFG, ESAB, VCTR, DIS, RRR, BBUC, CPK, MCK, REPYY, ALRS, NPCT, NPV, O, RRC, SCL, XLE, BRC, EFSC, PKG, WSR, PHIN, VTR, CASH, CHRD, CVBF, WASH, BTO, RIG, GAP, SCSC

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

FEC.TO, TECT.V, DDD.V, CHER.V, WOLF.V, VZ.NE, DRX.TO, IMP.TO, MKA.V, IFA.TO, BEPC.TO, PGDC.V, MAXM.CA, LRA.V, BEP/UN.TO, SHLE.TO, CAD.V, INO/UN.TO, VNP.TO, EFL.TO, ELVA.TO, GRID.TO, PSD.TO, AQN.TO, BCE.TO, TBRD.V, AFCC.V, CTH.V, EFX.TO, QBR/B.TO, BRM.V, KEI.TO, BEI/UN.TO, GLAD.V, SES.TO, LIB.V, PFE.NE, PFE.TO, WMT.NE, CGY.TO, CAR/UN.TO, MTY.TO, URL.CA, PRL.TO, PRL/R.TO, GEV.NE, TOU.TO, CXI.TO, ADW/A.TO, DHT/UN.TO, GASX.V, KMP/UN.TO, VLE.TO, OVV.TO, ACO/X.TO, SFC.TO, BIP/UN.TO, CFW.TO, RAY/A.TO, PEY.TO, EIT/UN.TO, GRT/UN.TO, ONEX.TO, CDR.TO