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.
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SYS Daily Report – Weekend Edition
Weekly Market Wrap-Up: Tariffs, Earnings, and Emerging AI Breakthroughs
As the market closed on January 31, 2025, investors faced a week of significant volatility, with news surrounding President Trump’s trade policies and the rise of China’s DeepSeek AI innovation shaping market sentiment. Political developments, corporate earnings, and geopolitical tensions affected the financial markets.
Market breadth deteriorated as decliners outnumbered advancers across major exchanges. On the New York Stock Exchange, decliners led advancers by nearly 3-to-1, and on the Nasdaq, the ratio was almost 2-to-1. This indicates a broad-based retreat in stock prices, with a significant number of stocks closing lower.
The Red-Light/Green-Light Breadth System
Stock Market Overview
The major indices ended the week on a sour note, largely reflecting the impact of President Trump’s newly announced tariffs. The S&P 500 closed at 6,040.53, down 0.5% on Friday and off 1% for the week. Despite the retreat, the index remains up 2.7% for the year, still on track for modest gains in 2025. The Nasdaq Composite finished at 19,627.44, a slight 0.3% decline on Friday, with a 1.6% drop over the week. However, it closed January in the green, adding a 1.6% gain. The Dow Jones Industrial Average ended at 44,544.66, a more pronounced 0.8% drop, though it managed a 0.3% weekly gain and posted a 4.7% increase in January. Small caps, represented by the Russell 2000 ETF, struggled, down 0.9% on Friday and finishing the month with a modest 2.5% gain.
S&P 500 – Daily Chart
Nasdaq – Daily Chart
Dow Jones Industrial Average – Daily Chart
Russell 2000 (ETF) – Daily Chart
A mixed trading environment saw Tesla (TSLA), Amazon (AMZN), and Alphabet (GOOGL) stocks under pressure due to external political factors, although tech stocks like Palantir Technologies (PLTR) and Fortinet (FTNT) held up better, making their way onto various watchlists in anticipation of upcoming earnings.
The Impact of Tariffs
The announcement of President Trump’s tariffs on Canada, Mexico, and China triggered an immediate market sell-off. The tariffs include a 25% duty on imports from Canada and Mexico, and a 10% levy on Chinese goods, effective immediately. Canada and Mexico have already threatened retaliatory tariffs, particularly targeting U.S. energy exports, which raised concerns in the market about potential disruptions in supply chains. The energy sector was notably hit, with Imperial Oil (IMO.TO) plunging 6.6% after reporting weaker-than-expected earnings.
The tariffs on oil and gas, particularly those targeting Canadian imports, have sparked fears of higher prices at the pump. U.S. crude oil prices dropped by 3% for the week, but ongoing uncertainty around tariffs continues to affect future price projections. Meanwhile, nine out of ten sectors lost ground on Friday, with only Comm. Services posting a marginal gain. Overall, it was a mixed week.
What Worked Last Week
Bond, Currency, and Commodity Markets
The bond market was relatively calm, with the 10-Year U.S. Treasury Yield standing at 4.69%, showing stability in response to Fed commentary. However, the U.S. Dollar rose by 0.91% weekly, reflecting the safe-haven demand as the tariffs took effect. In commodities, Crude Oil closed at $72.53 per barrel, reflecting a 3% decline. Despite fears of oil being targeted by the new tariffs, prices were relatively muted, though concerns about global supply chains persisted.
10-Year US Treasury Yield
US Dollar – Weekly Chart
Crude Oil – Weekly Chart
Gold ended the week slightly lower at $2862, and Silver ended at $32.23, despite both metals closing lower on Friday.
Gold – Daily Chart
Silver – Daily Chart
The price of Copper is trading sideways above its 10-week or 50-day moving average, while the Uranium Theme dropped 7% for the week as price action tests the lower trendline of its trading range.
Copper – Weekly Chart
Uranium Theme – Global X Uranium ETF
Cryptocurrencies also felt the pressure, with Bitcoin trading at $99,265, down 3% for the week, while Ethereum and Solana recorded 4.7% and 12% declines, respectively.
Bitcoin – Weekly Chart
Ethereum – Weekly Chart
Solana – Weekly Chart
DeepSeek and Its Potential Disruption
Another key story influencing market sentiment was the rise of DeepSeek, a Chinese AI company that has recently made waves with a revolutionary breakthrough in artificial intelligence. DeepSeek’s AI model reportedly operates with far lower energy consumption and computational power than those developed by U.S. giants like OpenAI and Google, sending shockwaves through the AI space.
As DeepSeek threatens to reshape the AI landscape, U.S. companies are scrambling to assess the implications of this more efficient model. The U.S. government has already initiated investigations into potential security concerns, particularly as the technology could shift the balance of power in the AI arms race. The development casts a shadow on companies like Nvidia (NVDA) and Amazon (AMZN), as their hardware-centric AI models may no longer hold the competitive edge they once did.
Upcoming Earnings Reports
The upcoming earnings season promises further volatility, with reports from major players including Amazon, Alphabet, Palantir, and Fortinet expected in the coming days. These reports could offer crucial insight into the financial health of the tech sector, especially in light of DeepSeek’s innovation and the broader market uncertainties surrounding tariffs. Tech investors will be looking for clues about how companies are adapting to both geopolitical tensions and the rapidly evolving AI space.
TSX Market Movements
In Canada, the TSX Composite Index closed the week at 25,533.10, down 1.1% on Friday, as investors reacted to the announcement of U.S. tariffs. The index had briefly reached a record high earlier in the week before retreating. While Canada’s energy sector bore the brunt of the downturn, consumer discretionary stocks also saw notable losses. However, utilities managed a slight gain as bond yields continued to decline. The Canadian GDP showed a decline of 0.2% in November, although a small rebound of 0.2% in December offered some optimism for the upcoming months. The threat of further tariffs on oil and gas by February 18 continues to loom, adding an additional layer of uncertainty to the Canadian economy.
TSX – Daily Chart
As the week closed, markets continued to grapple with the complex interplay of tariffs, global supply chain concerns, and technological advancements. Trump’s tariffs are likely to have a lasting impact on the global economy, with energy, consumer goods, and industrial sectors most vulnerable. DeepSeek’s AI breakthrough is shifting expectations within the tech sector, forcing companies to reconsider their strategies in light of new cost-efficient models. Investors will need to monitor these developments closely, particularly as the earnings reports from Amazon, Google, and others could provide valuable insights into how these companies are navigating the turbulence ahead. The TSX remains under pressure, though resilient in the face of these macroeconomic challenges.
Given the high levels of uncertainty, it is crucial for investors to remain cautious, monitor geopolitical developments, and adjust portfolios accordingly.
“Trading is about probability, not certainty—manage risk accordingly.” – Peter Brandt
Now, onto the daily setups.
US Daily Setups
BKSY – BlackSky Technology Inc.
BlackSky Technology appears to be setting up just below its 52-week high, supported by a robust volume profile. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/AejEQvGn
GTLB – Gitlab Inc.
Gitlab appears to be potentially setting up just below its 52-week highs, supported by an increase in volume that started at the beginning of December. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/spWCVfay
HACK – Amplify Cybersecurity ETF
The Amplify Cybersecurity ETF appears to be setting up on the right side of a consolidation area, positioned just below an all-time high for the ETF. This occurs as volume begins to increase. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/ZVzSWtXB
KINS – Kingstone Insurance Co.
Kingstone Insurance appears to be setting up just below its 52-week high, supported by a robust volume profile that started in July. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/rRiMXqBh
MAGS – Roundhill Big Tech ETF
The Roundhill Big Tech ETF continues to set up as a potential continuation pattern. Take note of the volume profile throughout this area of consolidation, which started at the beginning of December. Monitor closely to see if price action can begin to resolve itself to the upside.
LINK TO CHART – https://schrts.co/rRiMXqBh
MP – MP Materials Corp.
MP Materials appears to be setting up just below its 52-week high. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/DNcBFYPB
OHI – Omega Healthcare Invs, Inc.
Omega Healthcare is testing its 200-day moving average as unusual options activity appears in the name. Monitor closely to see if price action can bounce from the 200-day moving average and push above the horizontal resistance line.
LINK TO CHART – https://schrts.co/TeNphPCT
SATS – EchoStar Holding Corp.
EchoStar appears to be setting up on the right side of a multi-month consolidation area, positioned just below its 52-week high. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/aMgVNxrV
TBBK – Bancorp Bank
Bancorp is attempting to break out from a multi-month consolidation pattern, supported by a spike in volume. Monitor closely for any breakout signals that could confirm sustained upward momentum.
LINK TO CHART – https://schrts.co/yKxvXZzV
TEM – Tempus AI Inc.
Tempus AI is experiencing robust volume as price action attempts to push above a horizontal resistance area. Monitor closely for any breakout signals that could confirm continued upward momentum.
LINK TO CHART – https://schrts.co/RNgMYeSi
TSLA – Tesla Inc.
Tesla has worked its way toward the apex of a continuation pattern, although it is at a level where it is facing upside resistance. Monitor closely to see if price action can push above the horizontal resistance line.
LINK TO CHART – https://schrts.co/TRBfudsg
Canadian Daily Setups
ANRG.TO – Anaergia Inc – Ordinary Shares (Sub Voting)
Anaergia appears to be setting up on the right side of a consolidation area. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/MAeCJpbP
CF.TO – Canaccord Financial Inc.
Canaccord appears to be setting up just below a horizontal resistance line. Monitor closely for any potential breakout signals. If price action fails to push above this level, it could also be consolidating in the form of a bearish flag. Watch for the direction to reveal itself at this critical level.
LINK TO CHART – https://schrts.co/SKNayriS
CNE.TO – Canacol Energy Ltd.
Canacol Energy appears to be setting up in the form of a potential bottoming pattern, supported by increasing volume. Monitor closely for signs of a trend reversal and upward momentum if the pattern confirms.
LINK TO CHART – https://schrts.co/ggeAnPMi
DPM.TO – Dundee Precious Metals, Inc.
Dundee Precious Metals appears to be setting up on the right side of a significant multi-month base, positioned just below a new high. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/aQfDSHdC
EMA.TO – Emera Inc.
Emera is positioning itself just below its 52-week high. Monitor closely for any breakout signals that could confirm upward momentum and a potential move to new highs.
LINK TO CHART – https://schrts.co/uZBEusYE
H.TO – Hydro One Limited
Hydro One Limited appears to be setting 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/yjbuRatF
MND.TO – Mandalay Resources Corp.
Mandalay Resources appears to be setting up just below its 52-week high. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/TfAhJhbt
NICU.V – Magna Mining Inc.
Magna Mining continues to work toward the apex of its consolidation area, with price action recently making a new 52-week high. Monitor closely for any breakout signals that could confirm sustained upward momentum.
LINK TO CHART – https://schrts.co/psnpfjFW
OGN.V – Orogen Royalties Inc.
Orogen Royalties appears to be setting up on the right side of a consolidation area. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/WVstbFce
QBR/B.TO – Quebecor, Inc.
Quebecor is attempting to break out from a continuation wedge. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/biAuzhru
SII.TO – Sprott Inc.
Sprott is attempting to set up on the right side of a significant multi-month base, positioned just below its 52-week high and not too far from its all-time high when adjusted for dividends. Monitor closely for any breakout signals that could confirm upward momentum.
LINK TO CHART – https://schrts.co/KkJMtkbb
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 – 2025-02-01
ICU, BSGM, CIFR, LVO, SRTS, CURI, PLBY, DOGZ, TEAM, DERM, SES, ASTS, RXT, BKSY, BEN, HIMS, GHRS, TARA, VUZI, CRDO, SGMT, RBC, CLS, EMN, LODE, TSSI, RGTI, BEAT, CVCO, PLSE, FTK, NN, TBBK, UNCY, BEP, MNDY, CDZI, BNTC, QBTS, VRTX, ZBIO, RDW, VATE, GTLB, PL, AVAV, ABBV, ALAB, ATGE, KEYS, HIMX, GLW, ARM, NEOV, CAMT, VEON, CBL, TARS, CVKD, SIRI, ELUT, LUCD, SKYW, BKR, LTBR, SKYT, JBTM, ATYR, MESO, TATT, CIVB, FHB, GOSS, KRMD, KOPN, CIEN, BBAI, JHG, CCRD, ELVN, VBNK, INOD, REAL, MRCY, AOSL, RSSS, ASND, REPL, PERI, AVGO, BMI, ETHE, DOMO, NRIM, PINE, TWST, NBY, KINS, KRYS, AMAL, FPH, LFT, PIPR, MRVL, TBBB, ESQ, VOR, RUM, ETON, BASE, PCTY, RSI, ACHR, BTDR, ICAD, ITRM, XYL, SILA, RKLB, ODD, ESTC, RDVT, SLG, IONQ, VSH, MITT, VNO, GOOGL, PLTR, CFFN, SERV, TOST, GOOG, CVNA, MPTI, NIC, SEAT, COMM, LPLA, CDNA, CNXN, MTCH, PRVA, IBIO, MO, PEGA, SFM, EPAM, CRVS, MBLY, NVMI, AMZN, NFBK, CIM, CSGS, LITE, EQR, SKWD, MVIS, SEER, DCOM, EBS, ALHC, SNOW, ESS, ANET, UI, TPB, HIPO, ARLP, APP, ACN, PENG, SMR, GOGO, MAIA, PFBC, TSLA, MTSI, AHCO, BXP, MP, PLUS, KPRX, ACP, RBBN, HUBS, KR, PENN, VIRT, BFIN, MTTR, VERX, CIO, AU, AJG, SPHR, DOCU, MIRM, COHR, PCF, ROP, TBRG, TROW, X, CINT, EHC, HLI, CVLT, CSWC, MAIN, NET, RAIL, DCGO, DJT, NOC, SNFCA, SKY, SPXC, HIW, SLNO, DHF, OWL, PTC, RZLT, WDAY, CUZ, UDR, AVB, GRRR, DOC, TSE, WSFS, CDW, LOPE, SATS, BILL, LINC, EXEL, MC, KD, OPK, BL, CCOI, SEIC, STK, EPAC, TBCH, CFLT, RVLV, EVR, INFY, HEI/A, SFBS, AB, GBDC, QCOM, REVG, DY, LRN, PBR, FIVN, G, LLYVA, PBI, TSM, CENX, FORM, INCY, AWP, GRND, LSCC, XEL, DSP, BXMX, FDS, MAA, OKTA, BOX, FOX, NMR, DTE, PRAX, TYL, VRSN, ADSK, CPT, GCMG, PH, DEI, EHI, ADSE, CGBD, DPG, HTGC, LYV, NYT, VTR, SNX, FOF, FSM, LRCX, PLMR, SUI, XLC, HALO, KNSL, PPL, BCRX, INSM, TXN, BLK, NTRA, CCAP, HYB, MATX, NFLX, ZWS, RYTM, SNY, TEM, USO, AEP, GLNG, AVPT, META, ASML, DVAX, FOXA, FRT, RDDT, CRWD, DRDBU, NVNO, TPG, ASIX, EQH, BVS, NMRK, AVTR, ENFN, BE, GILD, QTUM, CME, ICE, CLM, CRNT, DOCS, J, KYN, SYK, AER, CSCO, PNR, TPL, DUOL, GLD, LENZ, TMCI, BDN, CSTL, DD, PFIS, CLBT, CXDO, ZTR, GEO, JLL, NWS, RRBI, SII, WBS, DASH, EOI, NWSA, IGV, ABCB, KKR, MBWM, ERC, OSBC, PDM, AEE, AGNC, CSGP, HACK, VRNA, A, COST, GDYN, IEX, MOFG, PINS, FSLR, LNT, ARES, EWTX, GTLS, NDAQ, PJT, CBRE, CNTA, DBX, FI, APD, BOXX, FHI, IBCP, IVZ, MCO, ASB, MAGS, ERJ, VCTR, CF
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 – 2025-02-01
JET.NE, NURS.V, LIFT.CA, LIFT.V, BOIL.CA, CLS.TO, SCAN.V, ABRA.V, GPH.V, BEP/UN.TO, YAK.V, EMO.V, GURU.TO, CTZ.V, RCG.TO, ABBV.NE, ANRG.TO, LNF.TO, QTRH.TO, SPRQ.V, CNL.TO, NICU.V, ELE.V, AQN.TO, QIPT.TO, AVGO.NE, BLX.TO, ETHH.TO, ETHC.NE, ASCU.TO, ALV.V, TOI.V, MND.TO, GGD.TO, FIH/U.TO, ITR.V, IMP.TO, GMIN.TO, BBU/UN.TO, PRQ.TO, EDV.TO, EMA.TO, PDN.TO, CNE.TO, ORA.TO, OGN.V, GOOG.NE, QBR/B.TO, AMZN.NE, IPO.TO, HUT.TO, CRT/UN.TO, MX.TO, HME.V, MSA.TO, NGEN.V, DPM.TO, TSLA.NE, BB.TO, LQWD.V, GWO.TO, HLF.TO, PHYS.TO, ETG.TO, MNT.TO, FISH.V, CF.TO, H.TO, CU.TO, KRY.V, FVI.TO, POW.TO, AP/UN.TO, ZTS.NE, AIF.TO, DFN/PA.TO, META.NE, MVRS.NE, MRU.TO, ADW/A.TO, TNZ.TO, ARTG.V, IFC.TO, AX/UN.TO, CEF.TO, FNV.TO, COST.NE, HISU/U.TO, SII.TO, CSH/UN.TO, PMZ/UN.TO
