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 Ahead of ‘Liberation Day’ Tariffs as Inflation and Sentiment Weigh on Stocks
U.S. Markets Suffer Broad-Based Declines
Wall Street ended the week on a sour note as hotter-than-expected inflation data, weakening consumer sentiment, and intensifying trade tensions dragged equities lower. On Friday, the Dow Jones Industrial Average dropped 716 points, or 1.6%, its worst percentage decline since early March. The Nasdaq Composite slid 2.2% on the day and 2.6% for the week, continuing its rough patch with its fourth weekly loss in five weeks. The S&P 500 fell 2% on Friday and 1.5% for the week, closing back below its 200-day moving average, now down 5.1% for the year. The Russell 2000 fell 2% on Friday and 1.6% for the week, continuing to underperform as small-cap stocks remain pressured below key moving averages, reflecting broader investor caution toward domestic and economically sensitive names.
S&P 500 – Daily Chart
Nasdaq – Daily Chart
Dow Jones Industrial Average – Daily Chart
Russell 2000 (ETF) – Daily Chart
Market breadth was notably weak on Friday, as selling pressure extended well beyond the major indexes. On both the New York Stock Exchange and the Nasdaq, declining stocks outnumbered advancers by roughly 4-to-1, underscoring the widespread nature of the downturn. This kind of broad participation in the selloff reflects deteriorating confidence under the surface of the market and signals that weakness is not isolated to a handful of large-cap names, but rather affecting a wide swath of sectors and individual stocks.
The Red-Light/Green-Light Breadth System
Technical Note: A MACD Signal Worth Watching
This commentary was originally included in Wednesday’s report. If you missed it, please take a moment to watch the videos that accompanied it. They offer essential context for what President Trump is aiming to accomplish, even as much of the market continues to overlook what has been unfolding in plain sight.
LINK TO WEDNESDAY’S REPORT – CLICK HERE
One technical indicator I continue to monitor closely is the monthly MACD on the major indices. It remains at stretched levels and now appears to be threatening a bearish crossover. While there’s no way to predict whether this setup will fully play out, it’s historically rare for markets to stage a significant advance from a MACD configuration this extended. That alone warrants attention.
Trump has declared April 2 as “Liberation Day,” but the scope and scale of the accompanying tariff announcements remain uncertain. In a recent interview, he reiterated that he is not concerned with the stock market’s performance—his priority is jobs. He stated plainly that once employment is addressed, the stock market will take care of itself.
Given that sentiment, one possible scenario is that markets and the monthly MACDs may need a broader reset before a durable bottom can form. There will still be volatility and trading opportunities in the near term, but the risk profile currently leans to the downside, particularly as the major indices continue to struggle below their 200-day moving averages. A decisive move back above those levels would be an encouraging technical shift. Until then, there is no need to guess.
SPY – Monthly Chart (MACD)
QQQ – Monthly Chart (MACD)
Friday’s price action served as a cautionary tale for anyone attempting to call a bottom prematurely while the indexes remain under pressure. Simply put—good things don’t happen when price is trading below key trend levels. And if Trump is serious about stamping out inflation and reshoring American jobs, his approach clearly suggests that market performance will take a back seat to policy objectives.
Meanwhile, some strategists continue to advocate for buying the dip, pointing to past recoveries. But from a technical standpoint, the current setup is markedly different than previous cycles. It’s not about what worked before—it’s about what the charts are signaling now.
A Surge in Inflation and Weak Consumer Sentiment
Markets were jolted after the Personal Consumption Expenditures (PCE) Index — the Federal Reserve’s preferred inflation measure — rose 2.8% year-over-year in February, slightly above economists’ expectations. Compounding investor worries, the University of Michigan’s consumer sentiment index fell to 57, its lowest level since 2022. Inflation expectations for the year ahead rose to 5%, and two-thirds of respondents said they expect higher unemployment, the most pessimistic view since 2009.
Gold surged to a new all-time high as investors sought safe-haven assets, while the 10-year Treasury yield dropped to 4.26%, down 11 basis points on the day, reinforcing the broader risk-off sentiment. Silver, however, refused to follow gold’s lead with a decisive breakout, remaining stubbornly capped despite the move in gold.
10-Year US Treasury Yield
Gold – Daily Chart
Silver – Daily Chart
Defensives Hold Up as Growth Stocks Crumble
While the broader market faced widespread losses, defensive sectors managed to show resilience. Utilities, healthcare, and energy stocks posted modest gains. Exxon Mobil (XOM) and Chevron (CVX) rose 9.5% and 15%, respectively, year-to-date, with WTI crude rising 1.6% for the week, closing at $69.36 per barrel, as supply concerns and geopolitical tensions provided a modest lift despite broader market volatility. On the other hand, growth-oriented sectors like technology and communication services were hit hardest, with names like Meta, Amazon, Netflix, and Alphabet falling more than 4% each on Friday.
Crude Oil – Weekly Chart
CoreWeave’s IPO Falters, Reflecting AI Demand Concerns
Artificial intelligence infrastructure provider CoreWeave (CRWV) made its public debut at $40 per share, the low end of its expected range. The weak IPO followed rising concerns about cooling demand in the AI hardware space and new Chinese restrictions on Nvidia’s (NVDA) chips. CoreWeave’s flat close highlighted broader caution in the market toward speculative tech, particularly amid signs of rising borrowing costs and concentrated customer exposure.
CoreWeave – Daily Chart
Tesla, Tariffs, and the Week Ahead
Markets are now bracing for “Liberation Day” on April 2, when President Donald Trump is expected to unveil a sweeping round of reciprocal tariffs, targeting countries with higher trade barriers on U.S. goods. The previously announced 25% tariffs on imported autos and auto parts will also take effect that day. Additional levies on sectors such as pharmaceuticals, copper, and lumber remain under consideration. Global leaders, including Canada’s Prime Minister Mark Carney, have already signaled that retaliation is imminent.
The escalating trade tensions have fueled broad global unease. The administration’s unilateral approach has triggered a wave of planned countermeasures. The European Union and Japan are weighing coordinated responses, while Mexico and Canada prepare retaliatory tariffs of their own. Analysts warn that a prolonged escalation could bring global trade activity to a near standstill, deepening concerns over an already slowing economic backdrop.
Investors will also be closely watching Tesla’s (TSLA) delivery report, due Wednesday. Estimates range from 355,000 to 380,000 vehicles for the first quarter, potentially marking the automaker’s weakest showing since late 2022. Despite a brief bounce, Tesla stock is down 34.7% in 2025, making it one of the S&P 500’s worst-performing names.
The U.S. Dollar Index edged lower to 104.01 on Friday, closing out a weak month in which the dollar fell approximately 3.4% amid persistent inflation pressures and heightened trade-related uncertainty. The pullback reflects growing investor caution surrounding the U.S. economic outlook. Meanwhile, copper and lumber continue to display bullish long-term technical setups, suggesting traders are watching closely for confirmation of trend continuation.
Tsla – Daily Chart
US Dollar – Monthly Chart
Copper – Monthly Chart
Lumber – Monthly Chart
TSX Registers Steepest Drop in Weeks
Canada’s TSX Composite Index fell 401.91 points, or 1.6%, on Friday—its biggest single-day drop in three weeks—closing at 24,759.15. The index ended the week down 0.8%, marking its lowest close since March 18. Rising U.S. inflation and an increasingly hostile global trade environment weighed heavily on Canadian equities, particularly in sectors vulnerable to export disruption. Technically, the index appears to be forming a potential bearish rounded top pattern, signaling growing downside risk if support levels begin to give way.
The technology sector fell 3%, led by a 5.7% decline in Shopify (SHOP.TO). Materials dropped 1.7%, with Aya Gold & Silver (AYA.TO) tumbling 15.8% after reporting earnings. Consumer discretionary names like Restaurant Brands International (QSR.TO) fell 6.1%, while industrials and financials slid 2.2% and 1.6%, respectively.
TSX – Daily Chart
Bitcoin’s price action is approaching a critical level where bulls will want to see support hold to maintain the broader uptrend. The wildcard remains the MACD, which is now losing momentum from an extreme level—a reading not seen since Bitcoin’s inception. This unprecedented setup introduces additional uncertainty, with bulls needing to defend key support to avoid a deeper technical reset.
Bitcoin – Monthly Chart
Patience Remains Key Amid Volatility
With major indexes closing out a volatile quarter, investors are navigating a landscape marked by rising inflation, uncertain trade policies, and fragile consumer confidence. While defensive sectors offer pockets of relative strength, as seen in the daily setups, overall market momentum remains weak. As Trump’s April 2 tariffs draw near, participants are urged to stay cautious—building watchlists and waiting for clear confirmation of broader strength before taking action. The coming week, with key jobs data, manufacturing reports, and earnings, could prove pivotal in setting the tone for the second quarter. At this stage, trying to guess a bottom while price action remains below all major moving averages is a high-risk gamble.
One of the advantages of being a technician is the ability to watch and react, rather than make bold predictions like the so-called experts on television and social media. For those monitoring the formation of a potential bottom, the daily chart of the S&P 500 ETF provides a clear framework. Traders can track the 8-day and 21-day exponential moving averages along with the 50-day simple moving average. The first sign of improvement would be price reclaiming the 8-day EMA, followed by a cross above the 21-day EMA. The strongest signals often emerge from a triple moving average cross of all three moving averages, which in the past has marked both bullish and bearish turning points.
Currently, price action is testing a major level of support. If that level gives way, further downside risk increases dramatically. However, if it holds, traders can use the moving averages not just to confirm a potential bottom, but also to define downside risk. This approach removes the guesswork and cuts through the noise of those attempting to call a bottom for attention.
A key factor to watch here is the behavior of the PPO momentum indicator, which is pressing up against underside resistance. Historically, since 2023, every major bottom has bounced off this level—but this time, the indicator is failing to break through, a clear shift in character that many appear to be overlooking. If PPO continues to fail at this resistance and price breaks below key support, it could trigger a waterfall-style decline.
On the flip side, if PPO reclaims this level, and price begins to recover, the moving average strategy provides a defined roadmap for re-entering the market with controlled risk. No need to predict—the chart will guide the way.
SPY – Daily Chart (PPO)
“Being wrong is acceptable, staying wrong is totally unacceptable.” – Michael Marcus
Now, onto the daily setups.
US Daily Setups
HCI – HCI Group, Inc.
The HCI Group HCI setup from a few days ago is one of the few charts continuing to climb as the broader market pulls back. Its relative strength highlights ongoing demand despite market weakness.
LINK TO CHART – https://schrts.co/FKPqjnqR
KVUE – Kenvue Inc.
Kenvue is consolidating near its 52-week high after notable call option activity a few weeks ago. It may be worth adding to a watchlist and monitoring for potential breakout signals, as staples could offer relative safety amid ongoing market volatility.
LINK TO CHART – https://schrts.co/EHETwpxk
OHI – Omega Healthcare Invs, Inc.
Omega Healthcare appears to be consolidating in the form of a rounding bottom at a significant horizontal resistance level. With a 7% yield and positioning in a defensive sector, it’s worth monitoring for potential upside outperformance amid market volatility and uncertainty.
LINK TO CHART – https://schrts.co/JpYkukDu
QUBT – Quantum Computing Inc.
Quantum Computing is showing relative strength against the overall market. Its ability to hold up during broader weakness makes it worth monitoring for potential continuation.
LINK TO CHART – https://schrts.co/YGIZDXYA
WELL – Welltower Inc.
Welltower is attempting to move higher from a continuation pattern, signaling potential for a breakout. Sustained momentum could confirm the next leg up.
LINK TO CHART – https://schrts.co/YkHXnRXC
XLU – Utilities Select Sector SPDR Fund
The Utilities Select Sector SPDR Fund ETF has consolidated to the apex of a significant range, with many utility stocks appearing on scan results as defensive plays in this volatile market. Monitor for signs of upward price action as the group begins to show relative strength.
LINK TO CHART – https://schrts.co/UGuFMxmy
Canadian Daily Setups
CHP/UN.TO – Choice Properties REIT
Choice Properties REIT appears to be setting up on the right side of a consolidation area. Monitor for signs of upside momentum, as it offers a 5% dividend and operates within a defensive sector.
LINK TO CHART – https://schrts.co/jZimJtxi
DFY.TO – Definity Financial Corp.
Definity Financial appears to be setting up just below its all-time high, supported by robust volume activity. Continued strength could signal a potential breakout if buying pressure persists.
LINK TO CHART – https://schrts.co/PEwHwyVu
DOL.TO – Dollarama Inc.
Dollarama appears to be setting up on the right side of a multi-month consolidation area. A breakout from this structure could signal the start of a new upward leg.
LINK TO CHART – https://schrts.co/RMjMZbKR
GRID.TO – Tantalus Systems Holding Inc.
The Tantalus Systems setup from a couple of days ago continues to show an upward bias despite ongoing market volatility. Its relative strength suggests sustained interest and potential for further upside.
LINK TO CHART – https://schrts.co/winVZtrN
NWH/UN.TO – Northwest Healthcare Properties Real Estate Investment Trust
Northwest Healthcare Properties REIT is appearing on scan results as price action continues to form along a significant horizontal resistance level. With a 7% dividend yield, this REIT may be worth watching as a potential safe haven in a volatile market.
LINK TO CHART – https://schrts.co/DQDAantW
SRU/UN.TO – Smart Real Estate Investment Trust
Smart REIT is another REIT paying a 7% yield and setting up on the right side of a multi-month consolidation pattern. Monitor to see if the PPO momentum indicator begins to curl higher from the zero line, which would suggest increasing momentum.
LINK TO CHART – https://schrts.co/WfpDiEBs
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 – 2025-03-29
AGX, RGLS, ONDS, HMY, WRB, SLNO, ALDX, QUBT, SPXU, TENX, ASA, GFI, STRW, SPCB, CDTX, DXD, DERM, DM, ZLAB, BOW, DRD, PRMW, RYTM, WELL, AWK, AU, TARS, ACI, PPL, BMY, ONC, AEP, DHT, SUI, CNP, HCI, OHI, PGR, POR, DUK, SILA, CMS, ES, EQT, CVRX, WEC, PNW, SO, EXE, HTD, VTR, LPLA, CBOE, AEE, NVS, EXC, RRC, WES, ATO, DTE, CCI, TMCI, VOD, D, OGE, ALHC, CM, SBRA, SR, INVH, KR, RLI, TARA, FXY, KVUE, ED, EVRG, TATT, DGX, EPR, O, PINE, KYN, UDR, GLD, XLU, LNT, AMT, LQDT, MPLX, CHD, REG, KRYS, EGO, PAA, XEL, GILD, RGLD, EBAY, KMI, CNX, ETR, LKQ, COR, VPLS, NI, VCRB, PRCH, VICI, AR, AMGN, CTRA, EFXT, ESS, INSM, MAA, EPD, JNJ, MCK, TW, MDLZ, HESM, CASY, CPT, WPM, PPC, BRBR, CKPT, CVNA, PAGP, IBN, ULS, ARLP, SBAC, NOK, RELX, SKT, AM, BTI, DPG, EQR, NFG, OLLI, PBA, CME, RYAN, VGZ, VIRT, PLMR, KMB, PM, TPZ, ZBH, CI, CIB, TORXF, CCEP, CRK, X, BOXX, BRO, K
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 – 2025-03-29
CTZ.V, LRA.V, LCFS.TO, DDD.V, VHI.TO, HAN.V, MAU.V, GRID.TO, JWEL.TO, AIM.TO, GMIN.TO, ELE.V, QNTM.CA, LMN.V, MNT.TO, EMA.TO, VGZ.TO, ACO/X.TO, OGC.TO, CGG.TO, GUD.TO, IMP.TO, GWO.TO, TOI.V, KEI.TO, CU.TO, FTS.TO, DOL.TO, GEI.TO, SGD.V, PRU.TO, HOM/U.TO, HSTR.V, PHYS.TO, CHP/UN.TO, DEME.CA, TUNG.CA, L.TO, MRU.TO, DXT.TO, SIA.TO, ALA.TO, QBR/B.TO, DFY.TO, AAV.TO, SFC.TO, EDV.TO, SOBO.TO, ELD.TO, X.TO, HSLV.CA, ALDE.V, SYZ.TO, WN.TO, XTG.TO, EMP/A.TO, CSH/UN.TO, SES.TO, EFX.TO, DHT/UN.TO, LFE.TO, WPM.TO, AQN.TO, ARX.TO, NWH/UN.TO, ENB.TO, NGD.TO, LNF.TO, FCR/UN.TO, PPL.TO, SRU/UN.TO, DPM.TO, NWC.TO, PZA.TO, SPPP.TO, CIX.TO, IFC.TO, TXG.TO
