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

Investors Navigate Credit Fears, Trade Tensions, and Data Delays

Markets ended the week higher as investors balanced cautious optimism against mounting uncertainty in credit markets, trade policy, and economic data. A rebound in U.S. regional bank shares, a temporary easing of U.S.–China tensions, and resilient corporate earnings helped stabilize sentiment after a volatile start to the week. President Donald Trump signaled that proposed 100% tariffs on Chinese imports were “not sustainable,” while Treasury Secretary Scott Bessent confirmed ongoing discussions with Chinese Vice Premier He Lifeng, including an upcoming in-person meeting to continue trade negotiations.

Meanwhile, the Federal Reserve remains poised to cut interest rates by a quarter point later this month, even as the ongoing government shutdown delays critical data such as employment, retail sales, and inflation. The absence of fresh information has left policymakers navigating with reduced visibility, though private-sector indicators suggest moderating growth and steady consumer demand.

In the bond market, Treasury yields firmed following a brief flight to safety earlier in the week. The 10-year yield settled near 4.00%, while the 2-year yield hovered around 3.46%. The U.S. dollar was mixed, losing ground to the Swiss franc and yen on safe-haven flows before rebounding late in the week.

10-Year US Treasury Yield – Daily Chart

US Dollar – Daily Chart

Breadth & Major Index Charts

U.S. equities regained their footing by Friday, with all three major averages posting weekly gains despite midweek turbulence. The S&P 500 advanced 1.7%, the Nasdaq Composite rose 2.1%, and the Dow Jones Industrial Average gained 1.6% for the week, as financials and consumer stocks led the rebound.

Breadth indicators remain uneven, signaling some deterioration beneath the surface. The percentage of S&P 500 components in confirmed uptrends has declined to 57% from 77% in July, indicating a narrowing leadership structure dominated by large-cap technology names. The Russell 2000 ETF outperformed early in the week but gave back some gains as regional bank concerns resurfaced.

Despite short-term volatility, the overall structure remains constructive, with key indexes consolidating just below record highs.

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

In Canada, the TSX Composite Index finished lower on Friday, paring back weekly gains as the materials sector suffered its steepest decline in six months. The index slipped 1.2% to 30,108.48, though it ended the week up 0.9% overall. The drop was driven by a 6% slide in gold and mining shares after the metal retreated from record highs, while consumer staples rose 1.6%, supported by strength in food processing and retail names. The real estate sector edged higher alongside declining bond yields, with the 10-year Canadian yield dipping to 3.06%, its lowest level since April.

TSX – Daily Chart

Crypto Surge

Digital assets remained subdued this week as major cryptocurrencies consolidated after recent declines. Bitcoin (BTC) traded near US$106,869, with price action fighting to hold its 200-day moving average. At the same time, Ethereum (ETH) steadied around US$3,888, trying to maintain support. Solana (SOL) held firm near US$186, showing relative strength versus other large-cap tokens.

Market data indicates the unwinding of leveraged positions rather than institutional outflows, with BTC and ETH futures open interest down roughly 40% from recent peaks. Still, long-term sentiment remains constructive, buoyed by record inflows of nearly US$6 billion into global crypto ETFs earlier this month. Leverage has now fallen to historical lows, suggesting price action may be attempting to stabilize and base for a potential move higher from a deeply oversold level. However, these lows remain critical—if they fail to hold, any renewed downside pressure could accelerate. Price action sits at a pivotal inflection point.

Bitcoin – Daily Chart

Ethereum – Daily Chart

Solana – Daily Chart

Commodity Watch

Commodities saw divergent moves, with gold retreating sharply from record highs amid a stronger U.S. dollar and easing geopolitical fears. The metal fell 1.8% to around $4,250 per ounce, sparking debate over whether speculative excess has overtaken fundamentals. Silver followed lower, while crude oil ended modestly higher at $57.64 per barrel, recouping a portion of earlier losses.

Crude Oil – Daily Chart

Copper – Daily Chart

Gold – Daily Chart

Silver – Daily Chart

Uranium Theme – Global X Uranium ETF

Sector & Thematic Movers

Sector rotation defined the week’s tone. Financials rebounded as regional bank fears eased, led by a 1.7% gain in the KBW Regional Banking Index. Consumer staples outperformed thanks to steady defensive buying, while materials lagged sharply. Technology shares continued to anchor market leadership, though breadth narrowed, particularly within semiconductors.

Homebuilding and shipping stocks displayed resilience, with the SPDR S&P Homebuilders ETF (XHB) and several maritime transport names forming continuation patterns. In contrast, the psychedelics sector—highlighted by ATAI, CMPS, MNMD and the AdvisorShares Psychedelics ETF (PSIL)—remained under close watch as these stocks consolidated recent gains following breakout patterns earlier in the quarter.

Stock Movers

Tesla (TSLA) rose 6.2% ahead of next week’s earnings, supported by renewed optimism surrounding its upcoming robotaxi initiatives. Apple (AAPL) and American Express (AXP) led the Dow Jones higher, each advancing over 7% on strong earnings and spending trends. Meta Platforms (META) held key support with signs of a developing bullish momentum shift, while Microsoft (MSFT) and Alphabet (GOOGL) continued to consolidate within longer-term bases.

In Canada, Alimentation Couche-Tard (ATD.TO) and Metro (MRU.TO) demonstrated relative strength within consumer staples, while Digi Power X (DGX.V) and Extendicare (EXE.TO) neared 52-week highs amid robust volume.

Options & Insider Flow

Institutional options activity on October 17 leaned broadly bullish but remained selective. Widespread put-selling in Tesla (TSLA), NVIDIA (NVDA), Apple (AAPL), and the iShares Russell 2000 ETF (IWM) indicated confidence in near-term price stability and a willingness to re-engage risk following recent volatility. Lululemon Athletica (LULU) and Accenture (ACN) also drew notable put-selling during the session. On the upside, concentrated call buying in Meta Platforms (META), CoreWeave (CRWV), Intel (INTC), and Palantir (PLTR) pointed to sustained activity within technology and AI-linked names. Additional strength appeared through call accumulation in General Electric (GE) and Caterpillar (CAT), both showing continued institutional participation. Overall, the tone of options flow remained constructively bullish, with institutions favoring targeted upside exposure and premium collection strategies over broad directional bets. Insider activity was quiet but showed selective accumulation in financials and infrastructure-related names, consistent with steady institutional engagement despite headline-driven uncertainty.

Small-Cap Spotlight

Small-cap performance was uneven. The Russell 2000 advanced early in the week before giving back gains as risk appetite faded following credit market concerns. However, notable put-selling activity in the iShares Russell 2000 ETF (IWM) suggested institutional confidence that recent weakness could stabilize, with investors positioning for consolidation rather than a deeper decline. Within the group, shipping, homebuilding, and Canadian defensive sectors—including REITs, consumer staples, telecom, and healthcare—continued to show constructive technical setups, supported by steady volume and improving momentum signals.

Conclusion

Markets closed the week with cautious optimism. The combination of easing credit concerns, moderating inflation expectations, and constructive trade dialogue steadied global risk sentiment. However, persistent data gaps, volatile intraday moves, and speculation in certain asset classes underscore an environment of fragile confidence.

As investors look ahead to Tesla and Netflix earnings, delayed CPI inflation data, and further clarity from U.S.–China negotiations, the focus will remain on whether breadth can expand beyond a handful of mega-cap leaders. The coming week is likely to test the balance between resilience and fragility in a market priced for perfection yet sensitive to every shift in policy, credit, and data flow.

“Momentum investing works only for those disciplined enough to accept when it stops working.” — David Ryan

Now, onto the daily setups.

US Daily Setups

Apple is attempting to set up just below its 52-week high. Monitor to see if price action can hold this level of horizontal support and begin trading above its upward-sloping moving averages, which may lead to a breakout.

BitMine Immersion is now testing a significant level of horizontal support as the PPO momentum indicator hovers just above the zero line. This appears to be a pivotal level — monitor to see if Ethereum begins to move higher, as it could trigger a binary outcome. A rebound from this zone may confirm support, but a breakdown below it could accelerate downside momentum.

Coinbase is now rebounding from the level noted in Thursday’s report, which was identified alongside bullish options activity. Monitor to see if price action can hold Friday’s low and confirm support.

CSX appears to be setting up just below its all-time high. Monitor for potential breakout signals.

The Ethereum ETF is testing a significant level of horizontal support that warrants close attention. Monitor to see if price action can rebound; failure to hold this level could push the PPO momentum indicator lower and potentially lead to a retest of the 200-day moving average.

Gilead Sciences is attempting to break out from the right side of a multi-month base.

Alphabet continues to hold above its upward-sloping moving average, reflecting steady underlying strength.

Home Depot continues to set up as the PPO momentum indicator forms a potential bullish cross.

Robinhood is testing a level of horizontal support. Monitor to see if price action can rebound from this area and confirm a potential short-term base.

The Bitcoin ETF is testing its 200-day moving average alongside Bitcoin’s price action. Monitor to see if price action can hold this level and begin to curl higher.

International Seaways along with many shipping stocks, is forming a bullish continuation pattern, with several names in the group also showing bullish options activity. Keep an eye on the sector and monitor for a continuation of upside momentum.

Intel continues to consolidate between an upward trigger line and its upward-sloping moving average. Monitor to see if the moving average can help push price action through the trigger level.

Coca Cola is now breaking out above the recently highlighted level of horizontal resistance. Monitor for a continuation of upside momentum that could confirm a breakout from this consolidation pattern.

Meta Platforms continues to hold along significant horizontal support as the PPO momentum indicator sets up for a potential bullish cross. Monitor for breakout signals that could confirm renewed upward momentum.

Microsoft continues to work its way toward the apex of a multi-month consolidation area as the PPO momentum indicator tests the zero line. This represents a binary setup—monitor for price action to begin curling higher from this level of support, while a breakdown below it could accelerate downside momentum.

NVIDIA appears to be setting up on the right side of a consolidation area. Monitor for signs of upside momentum.

The Psychedelics ETF and other psychedelic-related names remain worth watching. ATAI just made another new high with bullish price action, while CMPS continues to hold above its upward-sloping moving averages following its bottoming pattern breakout. MNMD is also maintaining strength within its current structure. Keep the entire psychedelic group on the radar, or monitor the space through the sector ETF.

Tesla is consolidating in the form of a potential bullish flag, supported by bullish options activity on Friday. Monitor for potential breakout signals.

VisionWave Holdings is attempting to break out from what could be considered an IPO base.

The Homebuilders ETF and the broader group of homebuilding stocks are worth monitoring as price action appears to be setting up on the right side of a bottoming pattern. The scanner recently picked up movement in Home Depot, which was featured in the daily setups, and now similar constructive action is beginning to appear across the homebuilding sector itself.

Canadian Daily Setups

Alimentation Couche-Tard keeps appearing on the scan results, with price action setting up on the right side of a multi-month consolidation pattern. The monthly PPO momentum indicator is attempting to curl higher at the zero line. Monitor for a continuation of upside momentum, which may signal a breakout and suggest an ongoing uptrend.

BCE continues to set up on the right side of a multi-month bottoming pattern, with the PPO momentum indicator attempting to cross above the zero line. Monitor for signs of continued upside momentum that could lead to a breakout.

BTQ Technologies continues to consolidate in the form of a potential flag pattern. The momentum indicator is beginning to turn lower, which could be a cautionary signal. Monitor to see if price action can hold above its upward-sloping moving average.

CT REIT is setting up just below its 52-week

Canadian Tire continues to consolidate between significant horizontal support and resistance. Monitor for potential breakout signals as the PPO momentum indicator attempts to move above the zero line.

Digi Power X continues to experience robust volume as price action positions itself near its 52-week high.

Extendicare appears to be setting up near its 52-week high as price action attempts a bullish flag retest of the recent breakout line. Monitor for a continuation of the trend above its upward-sloping moving averages.

Granite REIT appears to be setting up near its 52-week high. Monitor for a continuation of upside momentum.

Loblaw Companies is now attempting to break out to a new 52-week high.

Metro is attempting to set up below a significant horizontal resistance level. Monitor to see if price action can begin to push higher, as notable volume spikes have emerged since mid-September. A confirmation signal would be a PPO breakout above the zero line, indicating momentum has shifted from negative to positive.

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

ARTV, ACHV, SGHT, LNKS, LBRT, MAGH, LFS, REKR, IRON, MGRT, ELDN, CCO, ATAI, PRAX, AKA, OMEX, MNMD, PGEN, IMDX, SSII, BETR, AVTX, LXEO, LHAI, RVMD, LVWR, AXP, VWAV, KEP, ENGN, EAF, TGHL, COE, IDYA, ANEB, UBFO, CRDO, NKTR, FIP, SLDP, LAES, LUNR, CVRX, ZGN, ELAN, FDP, PRM, GILD, NTDOY, EL, LILA, DTIL, LILAK, AVAL, ESPR, HDB, PARR, ALLY, PESI, ORKA, IBN, APGE, BBDO, STLA, INSW, STNG, ANIP, LRN, PAHC, NAT, HUM, PKX, DK, CURB, TNK, TXRH, AMKBY, VNT, GSIT, CVCO, TEN, DLTR, EBR, ATGE, CWBC, ACGBY, FSBC, AAOI, EDU, BFH, TSLA, BALY, BURBY, BCE, LLYVK, NMM, APLT, LEN, SSTK, GRDN, CRUS, VERA, AXSM, PTGX, BG, CPRI, ECL, MNKD, LLYVA, NTTYY, FIGS, CLH, COLL, PFSI, AHR, WGS, IMAX, TIMB, CME, CAH, MAKSY, LRLCY, TTDKY, ZBH, JCAP, AAPL, CIGI, AGIO, DHT, TK, SIMO, IBM, INTR, CLPHY, IFS, FWRG, NBIX, FLNG, MHO, SBRA, DD, FTDR, GM, CICHY, DG, INBX, SYF, E, WELL, DANOY, LTC, OHI, CMPS, CMTL, TIGO, CSX, ASND, ES, BAC, COR, TRUE, VOD, SI, POR, HTHT, WMG, INSM, SENEA, TBPH, HCA, SHG, VTR, APLS, CCRD, F, LOPE, ATHM, FRO, CSCO, GBTG, SSD, FIVE, BRX, NPKI, SNN, AVDL, RYOJ, ORANY, ESTA, MGRC, ENSG, CRBP, HR, RAPT, RL, CCEP, CVS, NLY, AAMI, PJT, BHE, CP, MLYS, SYY, CR, ITOCY, OPK, PM, WLDN, BH, MEDP, HNNMY, AORT, GMAB, WST, ASMB, FR, EHC, KO, TM, BBD, CIB, GLPG, NMRK, SNY, ABBV, BRBS, WMT, NVST, PBI, PPRUY, HD, SCI, STNE, GXO, CCEC, DOOO, PBYI, CBRE, VINP, XERS, ADT, NOK, FELE, MAGS, AZN, CASY, AKZOY, AMGN, TOL

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

ELBM.V, XRTX.V, XRX.CA, PLSR.V, QNC.V, CF.TO, SAG.V, BCBN.NE, FOR.V, CAS.TO, DGX.V, AXP.NE, BTQ.NE, GRT/UN.TO, CSH/UN.TO, CRTL.CA, ERE/UN.TO, AFM.V, ALDE.V, BDI.TO, KBL.TO, NOU.TO, CCA.TO, LGC.V, CGO.TO, PET.TO, GRGD.TO, AND.TO, SIA.TO, XAU.TO, TSLA.NE, TSLA.TO, ADEN.TO, BOFA.NE, ATD.TO, ATD/A.TO, BCE.TO, ABXX.NE, CCL/B.TO, HG.CA, AAPL.NE, AAPL.TO, L.TO, NWH/UN.TO, PBH.TO, CIG.TO, CIGI.TO, FIH/U.TO, WN.TO, SVI.TO, NXR/UN.TO, DIR/UN.TO, CTC/A.TO, GHRT.V, RCH.TO, GQC.V, SAP.TO, T.TO, DOL.TO, CP.TO, VMET.V, D/UN.TO, EXE.TO, PG.NE, CHR.TO, SGR/UN.TO, CVW.V, KMP/UN.TO, FCR/UN.TO, CRT/UN.TO, NVDA.NE, NVDA.TO, MAXM.CA, EFN.TO, MFI.TO, GOOS.TO, HR/UN.TO, PMZ/UN.TO, UCU.V, DOO.TO, H.TO, WCN.TO, NKE.NE, ALA.TO, CNR.TO, INTC.NE, RML.V, RSI.TO, LN.TO, PEY.TO, SRU/UN.TO, BPF/UN.TO, BIP/UN.TO, MRU.TO, GOOG.NE, GOOG.TO, CRR/UN.TO, DIS.NE, ACO/X.TO, CRWD.NE, NVA.TO, BTB/UN.TO, CU.TO, DEER.NE, EMA.TO, TOY.TO, GDV.TO, CHE/UN.TO, EQLI.TO, SHOP.TO, TD.TO, ZXLK.TO, OTEX.TO, AI.TO, AQN.TO, MEG.TO, FTS.TO, REI/UN.TO, FEC.TO, PLTR.NE, PRV/UN.TO, ARE.TO, DFN.TO, MTL.TO, CVE.TO, CHP/UN.TO, EIT/UN.TO, RY.TO, GIL.TO