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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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
Weekly Market Recap: Resilience Amid Volatility – Week Ending February 28, 2025
The financial markets experienced heightened volatility in the final week of February, grappling with major geopolitical developments, shifting monetary policy expectations, and key economic data releases. The Nasdaq Composite plunged to its lowest level since early 2025, weighed down by heavy selling in technology stocks, including Nvidia (NVDA), Palantir Technologies (PLTR), and Tesla (TSLA). Meanwhile, the S&P 500 and Dow Jones Industrial Average exhibited relative resilience, with the Dow reclaiming key technical levels.
The looming threat of President Donald Trump’s tariff hikes on Canada, Mexico, China, and the European Union has rattled investors, triggering significant sell-offs across risk assets, including a sharp $800 billion wipeout in the cryptocurrency market. The U.S. 10-year Treasury yield fell sharply as investors fled to safety, while gold and silver initially climbed before reversing late in the week as risk appetite cautiously returned.
However, the White House’s first-ever cryptocurrency summit, set for Friday, March 7, 2025, could mark a turning point for the digital asset space. Chaired by AI and Crypto Czar David Sacks, the summit aims to provide regulatory clarity and encourage innovation. The event comes as Bitcoin (BTC) attempts to rebound from its 200-day moving average, a crucial technical level that could determine whether the digital asset market stabilizes. Additionally, Solana (SOL) has been increasingly discussed as a potential commodity, a classification that could pave the way for more institutional adoption. If regulatory developments at the summit are favorable, sentiment could shift, potentially reversing the recent downturn in crypto assets.
Adding to the volatility, Canada’s GDP growth surpassed expectations, fueling a rally in the TSX Composite Index, driven by strong bank earnings. Meanwhile, investors are keenly awaiting the February jobs report, scheduled for release on Friday, March 7, 2025, at 8:30 a.m. Eastern Time. This report will provide critical insights into the labor market’s health and could influence Federal Reserve policy decisions.
The upcoming week also brings earnings reports from major tech and retail names, including Broadcom (AVGO), CrowdStrike (CRWD), and Costco (COST). These events will be closely watched as markets attempt to find direction.
The Red-Light/Green-Light Breadth System
On Friday, market breadth indicators showed a positive tilt, with advancers outnumbering decliners by more than 2-to-1 on the New York Stock Exchange and almost 2-to-1 on the Nasdaq. Volume was higher on both exchanges, an encouraging sign on an up day. This positive breadth underscores the broad-based buying interest, suggesting underlying strength in the market despite recent headwinds.
S&P 500 – Daily Chart
The S&P 500 ended the week at 5,954.50, up 1.6% on Friday but down 1% for the week. The index struggled to hold above its 50-day moving average but found support around the 5,830 level, a key area tested earlier this year. Investors are watching for a break above the 50-day MA for signs of renewed strength, while a drop below the 200-day moving average could trigger further downside.
Nasdaq – Daily Chart
The Nasdaq Composite suffered a 3.5% weekly decline, closing at 18,847.28 despite a 1.6% rebound on Friday. The index has now nearly round-tripped its postelection gains and is rebounding from its 200-day moving average. A decisive break below this level would signal a deeper correction, while a push above the 50-day moving average is needed to restore bullish momentum.
Dow Jones Industrial Average – Daily Chart
The Dow Jones Industrial Average fared better, gaining 1.4% on Friday and 1% weekly, closing at 43,840.91. It reclaimed its 50-day moving average, a critical level that had previously acted as resistance. The index was supported by strength in financials, industrials, and retailers, with Goldman Sachs (GS) and Visa (V) leading the charge.
Russell 2000 (ETF) – Daily Chart
The Russell 2000 remained under pressure, closing up 1.1% on Friday but down 1.5% for the week. The small-cap index is trading well below its 200-day moving average, a level it must reclaim to reverse the recent downtrend.
10-Year US Treasury Yield
The 10-year U.S. Treasury yield tumbled to 4.231%, its lowest level since December, after starting the week at 4.42%. The sharp decline suggests increased demand for safe-haven assets as investors digest economic uncertainty and geopolitical risks.
US Dollar – Weekly Chart
The U.S. Dollar strengthened for the week as price action on the weekly chart performs a bullish flag retest of the recent breakout line. The dollar’s rise reflects investor caution, shifting expectations for Fed policy, and positioning ahead of the upcoming jobs report.
Crude Oil – Weekly Chart
West Texas Intermediate (WTI) crude oil ended the week at $69.76 per barrel, up 0.9%. Prices remain range-bound, with supply concerns offset by lingering global demand uncertainties.
TSX – Daily Chart
The TSX Composite Index closed at 25,393.45, gaining 1.1% on Friday but down 0.6% for the month. The Canadian stock market benefited from a rally in financials and industrials, bolstered by stronger-than-expected GDP growth of 2.6%, which exceeded forecasts of 1.8%.
Copper – Weekly Chart
Copper edged up 0.3%, closing at $4.55 per pound. The metal remains a barometer for global economic activity, with traders watching for signs of recovery of industrial demand and a breakout above the significant overhead resistance line that would set price free.
Gold – Daily Chart
Gold is trading below its 21-day moving average of $2,888.97, with key support at $2,761.30 (the recent breakout line) or the 50-day moving average at $2,781.39. A break below these levels could trigger further downside, while resistance near $2,888.97 must be reclaimed to shift momentum back in favor of the bulls.
Silver – Weekly Chart
Silver pulled back alongside gold, falling back into its trading range. Monitor for potential support levels to see if price action can stabilize and attempt another move higher.
Bitcoin – Daily Chart
Bitcoin (BTC) plunged 12% for the week but found support at its 200-day moving average, forming a hammer reversal. The cryptocurrency market remains under pressure following Trump’s tariff threats, which wiped out $400 billion from the sector. Bitcoin’s 50-day moving average now serves as key resistance, while price action rebounding from the 200-day moving average presents a potential risk/reward tradable low ahead of the Trump Crypto Summit.
Conclusion
Markets remain in a highly volatile state, with equities struggling to reclaim key technical levels and cryptocurrencies suffering steep losses. The Nasdaq and S&P 500 must break back above their 50-day moving averages to confirm a more sustainable rally. Meanwhile, the Dow and TSX have shown relative strength, with financials and industrials providing stability.
The coming week will be crucial, with major earnings reports from Broadcom (AVGO), CrowdStrike (CRWD), and Costco (COST), as well as the U.S. jobs report on Friday, March 7. Investors should tread carefully, watching for signals of a potential market bottom, particularly in market breadth indicators, which showed encouraging improvement on Friday.
The White House cryptocurrency summit could also play a pivotal role in shaping sentiment for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), especially as BTC attempts to reclaim its 200-day moving average. If regulatory clarity emerges, it may serve as a catalyst for a rebound in the digital asset space.
As uncertainty looms, gold and treasuries continue to serve as safe-haven plays, even as gold pulled back late in the week. Equities must prove their strength before aggressive positions can be taken, but traders should remain prepared to act. Donald Trump’s son tweeted last week, encouraging investors to “buy the dip,” which has sparked speculation that a bottom could be forming. Many former market leaders are rebounding from key moving averages, offering risk-reward setups with tight stop-loss opportunities.
A rotation from gold into Bitcoin or equities could emerge, or gold itself could be seeking a low. The key is to watch, react, and avoid making premature predictions.
“Trading is a game of probabilities, not certainties. Manage your risk accordingly.” – Mark Douglas
Now, onto the daily setups.
US Daily Setups
CRS – Carpenter Tech Corp.
Carpenter Tech appears to be setting up just below its all-time high. Monitor for a potential breakout if price action builds momentum and challenges resistance.
LINK TO CHART – https://schrts.co/DEdIrqFi
CWAN – Clearwater Analytics Holdings Inc.
Clearwater Analytics is consolidating in a potential bullish flag as it sets up just below its 52-week high. Monitor for a breakout attempt if momentum strengthens.
LINK TO CHART – https://schrts.co/mdYBjfmP
DORM – Dorman Products, Inc.
Dorman Products appears to be setting up just below a significant horizontal resistance line, supported by two days of robust volume. Monitor for a potential breakout if buying pressure continues to build.
LINK TO CHART – https://schrts.co/mtVRQIGb
GM – General Motors Co.
General Motors is consolidating within a falling channel, with price action pushing up against the underside of horizontal resistance. Monitor for a potential breakout above this level, which could lead to a test of the upper trendline. If momentum is sustained, a breakout from the channel may follow. Notably, volume has increased over the last three days, suggesting growing interest in the stock.
LINK TO CHART – https://schrts.co/hKPjJPat
HOOD – Robinhood Markets Inc.
Robinhood continues to set up around its 50-day moving average. Monitor for upside momentum, especially as the Trump administration announced a crypto summit on March 7, which could influence sentiment in the sector.
LINK TO CHART – https://schrts.co/bwxqrRUC
JPM – J.P. Morgan Chase & Co.
J.P. Morgan Chase appears to be setting up in the form of a potential bullish flag. Monitor for a breakout above resistance to confirm the pattern.
LINK TO CHART – https://schrts.co/dAZfcgVy
KRE – SPDR S&P Regional Banking ETF
The SPDR S&P Regional Banking ETF appears to be setting up off the lower trendline of a significant consolidation area, with price action forming a symmetrical triangle continuation pattern. Monitor for a potential breakout as the range tightens.
LINK TO CHART – https://schrts.co/wKtauRYa
LNG – Cheniere Energy, Inc.
Cheniere Energy is attempting to move higher from a continuation pattern. Monitor for sustained price action above key resistance levels to confirm the move.
LINK TO CHART – https://schrts.co/tyKKgZTd
MMM – 3M Co.
3M is attempting to break out to a new high. Monitor for sustained momentum and follow-through above key resistance levels to confirm the move.
LINK TO CHART – https://schrts.co/PpftkiCG
MSTR – MicroStrategy Inc.
MicroStrategy continues to consolidate across its 200-day moving average, closely tracking Bitcoin’s price action. Watch to see if it can sustain this level and potentially move higher if Bitcoin continues to gain momentum, especially with the upcoming crypto summit on March 7.
LINK TO CHART – https://schrts.co/MqPwSDUc
PRCH – Porch.com, Inc.
Porch.com appears to be breaking out from a consolidation area, supported by a robust volume profile that began building at the end of October. Monitor for sustained momentum to confirm the move.
LINK TO CHART – https://schrts.co/nqZZKbVb
ROOT – Root Inc.
Root continues to set up for a potential breakout, with increased volume over the last three days indicating growing interest. Monitor for follow-through above key resistance levels to confirm the move.
LINK TO CHART – https://schrts.co/rBbaucth
TW – Tradeweb Markets Inc.
Tradeweb Markets appears to be setting up just below its 52-week high. Monitor for a potential breakout if price action continues to build momentum.
LINK TO CHART – https://schrts.co/WEyizWBV
WBD – Warner Bros. Discovery Inc.
Warner Bros. Discovery is attempting to break out from a consolidation area, supported by increased volume over the last two days. Monitor for follow-through to confirm sustained momentum.
LINK TO CHART – https://schrts.co/VEGemGmI
Canadian Daily Setups
AGF/B.TO – AGF Management Ltd.
AGF Management continues to show strong price action, trading at a 52-week high with no immediate resistance overhead. Monitor for sustained momentum and potential continuation of the trend.
LINK TO CHART – https://schrts.co/XANhpSwh
ALA.TO – AltaGas Ltd.
AltaGas appears to be setting up on the right side of a significant multi-month base as price action attempts to break out to a 52-week high. Monitor for sustained momentum to confirm the move.
LINK TO CHART – https://schrts.co/GfhICMPq
BEPC.TO – Brookfield Renewable Corporation
Brookfield Renewable appears to be setting up just below a key horizontal resistance level. Monitor for a potential breakout if buying pressure builds.
LINK TO CHART – https://schrts.co/RPUGNEgK
DEFI.NE – DeFi Technologies Inc.
DeFi Technologies appears to be consolidating across its 200-day moving average after experiencing a significant surge in volume on Friday. Monitor to see if price action can hold this level and continue its uptrend, especially with the upcoming crypto summit hosted by the Trump administration on March 7.
LINK TO CHART – https://schrts.co/dnMfEqzR
DFY.TO – Definity Financial Corp.
Definity Financial is attempting to move higher from a bullish flag. Monitor for sustained momentum to confirm the continuation of the trend.
LINK TO CHART – https://schrts.co/fzVipcTJ
DR.TO – Medical Facilities Corp.
Medical Facilities continues to consolidate near its 52-week high. Monitor for signs of accumulation and a potential breakout if momentum builds.
LINK TO CHART – https://schrts.co/kFWBKanK
FFH.TO – Fairfax Financial Holdings Ltd.
Fairfax Financial is attempting to move higher from a bullish flag retest following its all-time high breakout. Monitor for sustained momentum to confirm the continuation of the trend.
LINK TO CHART – https://schrts.co/BhwPHJnr
IGM.TO – IGM Financial Inc.
IGM Financial is consolidating in the form of a potential continuation pattern. Monitor for a breakout above resistance to confirm the next move higher.
LINK TO CHART – https://schrts.co/MSTbpXSz
L.TO – Loblaw Companies Ltd.
Loblaw is attempting to move higher from a consolidation area. Monitor for sustained momentum to confirm a potential breakout.
LINK TO CHART – https://schrts.co/UhkNbGQi
MFC.TO – Manulife Financial Corp.
Manulife Financial continues to experience upside momentum following its breakout retest, with the PPO accelerating above the zero line. Monitor for continued strength and potential follow-through.
LINK TO CHART – https://schrts.co/nYdtRDrx
OVV.TO – Ovintiv Inc
Ovintiv continues to appear on momentum scans as the PPO tests the zero line, while price action sets up on the right side of a significant multi-month cup base. Monitor for a potential breakout if momentum strengthens.
LINK TO CHART – https://schrts.co/AKWVPmiU
PNP.TO – Pinetree Capital Ltd.
Pinetree Capital, despite trading with relatively low volume, is experiencing higher-than-normal activity for the stock as price action attempts to break out from an ascending triangle continuation pattern just below its 52-week high. Monitor for follow-through to confirm the move.
LINK TO CHART – https://schrts.co/gDzBixrg
PPL.TO – Pembina Pipeline Corp.
Pembina Pipeline is attempting to break out from a bottoming wedge. Monitor for sustained price action above key resistance levels to confirm the move.
LINK TO CHART – https://schrts.co/DssuTeGB
TAL.TO – PetroTal Corp.
PetroTal is attempting to break out above a key horizontal resistance line. Monitor for sustained momentum to confirm the move.
LINK TO CHART – https://schrts.co/eYWZCvRg
TRI.TO – Thomson Reuters Corp.
Thomson Reuters is pushing to a new all-time high. Monitor for sustained momentum and potential continuation of the trend.
LINK TO CHART – https://schrts.co/hbEFSJhu
VRN.TO – Veren Inc.
Veren is attempting to set up on the right side of a bottoming pattern, supported by increasing volume. Monitor for signs of sustained momentum and a potential breakout.
LINK TO CHART – https://schrts.co/zTBhSYeu
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 – 2025-03-01
GRRR, EXFY, ALHC, IBIO, BNTC, BLX, PTCT, ROOT, ARQT, RDVT, OPK, NRP, HCI, EDR, FWONA, EAT, RLX, RIGL, CPRX, LGND, ODD, PENN, TPL, ACIW, SEI, PLMR, GFL, FWONK, AM, BAC, EE, CWAN, PRCH, CRS, WBD, PRTH, CRBG, DAVE, LNG, OKE, VRNA, TVTX, ATAT, WMB, BROS, TW, BCSF, FLUT, CVKD, MPLX, INSM, MAIN, TRGP, CHWY, MMM, R, AXGN, MS, BSX, CAKE, HSBC, SPOT, AKRO, GS, PAHC, TOST, DRI, LPLA, EXEL, GE, BCS, DORM, LNC, SATS, VICR, XNET, HIPO, COST, DKNG, GL, ADSE, ESE, HQY, VNO, HBNC, MET, OGE, WDOFF, FHN, MRCY, NDAQ, IGIC, TMUS, ETR, EPR, HWM, BK, CCBG, MP, VRSK, EMO, PVBC, EXPE, SRAD, CINF, HLT, NFG, MCO, ATGE, NLOP, WFC, FOX, PPL, ATYR, GRMN, PMTS, JPM, SOC, NRIM, CCB, FOXA, AEE, ALL, DFS, SLRC, EPAC, GILD, PH, USFD, XLF, ABCB, HOMB, MA, LINC, PRI, BKNG, SFBS, PAYX, SNOW, V, BRBS, RBA, HURN, LRN, SILA, SPG, AAPL, CNP, PAA, T, GRND, RTX, XEL, AIOT, AROC, TPB, WMT, XERS, MKL, WTBA, WGS, NFLX, COF, EPD, NI, EZPW, FARO, IDCC, FI, BRO, HTGC, INFL, STT, GCMG, MBWM, ALK, AEM, JCI, ATEN, ATO, BCRX, CHKP, MDGL, EQH, OUT, URBN, AWI, UVSP, ETON, SKY, UTI, FRHC, GTES, SPGI, ABT, CAH, IBOC, ONB, WES, CME, CRAI, HAFC, PANW, ARIS, CBRE, DVAX, JLL, KBE, MCRI, MWA, NBN, XLU, DOCS, REG, CBSH, ORLY, STEL, XLC, BJ, TGNA, TRV, PAYC, HESM, DTE, ENFN, LZB, PEN, MO, TFC, BMY, KR, LBRDA, MASI, AJG, C, CFG, DASH, GSHD, TPR, WELL, CBL, UBS, WTW, LBRDK, WPM, AON, MFC, AGNC, ADP, CASY, CVCO, EBC, ADPT, NWS, PBH, APD, SNEX, TSBK, GPI, PGR, SBUX, COKE, CVLT, FITB, PFBC, CMI, DPG, CTBI, LFT, PPC, UFCS, LNT, WDAY, BANR, BHF, GH, CHEF, HG, SKT, SSNC, TJX, AGI, CNO, INDB, NTRS, CRH, G, TCBX, COMM, OPY, ESAB, EXC, OSBC, KD, LOPE, WLFC, USM, AN, ADT, FTNT, HTD, TNL, FHB, PM, HTB, COOP, DGX, ZLAB, NWG, UNIT, UNM, AB, SE, BERY, LFST, ATRC, AXS, CUZ, UNFI, VSEC, BTI, NRG, PBI, AER, CASH, EVRG, YMM, FFIV, JBTM, K, CSCO, DB, GHC, GIL, INCY, RBC, GRAB, LAUR, KAI, DOCN, ERJ, CSGS, ERIC, SLM, FPH, IP, CCEP, RL, ALTR, PRMW, DE, ESSA, EXLS, SONY
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 – 2025-03-01
LCFS.TO, HMR.V, PPL.TO, EXE.TO, CAD.V, CHE/UN.TO, AIAI.CA, MEND.CA, IFP.TO, NPI.TO, GFL.TO, HSLV.CA, NICU.V, AAV.TO, ASTL.TO, VRN.TO, STEP.TO, PPTA.TO, FAR.TO, AMRQ.V, AII.TO, MFG.V, LIFT.CA, LIFT.V, SPB.TO, GCL.TO, CRON.TO, CAR/UN.TO, ASE.CA, PGIC.TO, BEPC.TO, HITI.V, RY.TO, INTC.NE, WDO.TO, NG.TO, ENB.TO, BRK.NE, BRK.TO, TMQ.TO, HPS/A.TO, ELE.V, IGM.TO, COST.NE, COST.TO, BBU/UN.TO, X.TO, AEM.TO, RBX.V, UBER.NE, BIP/UN.TO, DIS.NE, WILD.TO, ORA.TO, AOI.TO, GRA.TO, LGO.TO, RBA.TO, BAM.TO, CP.TO, ATRL.TO, BNT.TO, DFY.TO, BN.TO, H.TO, WCN.TO, FFH.TO, WMT.NE, CSU.TO, DPM.TO, EQX.TO, EQX.V, SLF.TO, ATD.TO, ATD/A.TO, AGF/B.TO, CNR.TO, CGX.TO, GOLD.TO, BIPC.TO, ONEX.TO, WPM.TO, BBUC.TO, CSH/UN.TO, GMIN.TO, KRY.V, ABRA.TO, L.TO, AAPL.NE, AAPL.TO, ALA.TO, DR.TO, TRI.TO, CFW.TO, WN.TO, EMX.V, CU.TO, FOM.TO, ADEN.TO, MFC.TO, CCO.TO, CM.TO, LLY.NE, ABX.TO, LCS.TO, LCX.V, ATX.V, ATZ.TO, DSV.TO, HLF.TO, IFC.TO, KEY.TO, ACO/X.TO, BEP/UN.TO, FNV.TO, WSP.TO, AGI.TO, FTS.TO, WED.V, RUP.TO, QBR/B.TO, PZA.TO, INE.TO, NWH/UN.TO, PMZ/UN.TO, BGI/UN.TO, POW.TO, UNH.NE, LULU.NE, DOL.TO, GDV.TO, FDR.V, FN.TO, HBM.TO, STN.TO, MND.TO, ELD.TO, DBM.TO, OVV.TO, RCH.TO, MRU.TO, EFN.TO, BTB/UN.TO, EMA.TO, TIH.TO, NGEX.TO, HR/UN.TO, MKP.TO, OGN.V, RUS.TO, GIL.TO, FISH.V, GWO.TO, FTT.TO, SVM.TO, ARX.TO, BTO.TO, MX.TO, DIR/UN.TO, CRR/UN.TO, AQN.TO, TD.TO, CHP/UN.TO, TKO.TO, QSR.TO, AIF.TO, CAE.TO, CRT/UN.TO, FSV.TO, BK.TO, BLX.TO, DGS.TO, SOBO.TO, IAG.TO, WTE.TO, PSU/U.TO
