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.
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SYS Daily Report – Weekend Edition
Monthly Market Wrap-Up: May 2025 Closes with Strength Amid Policy Crosswinds
U.S. equity markets concluded May with notable gains, overcoming a month marked by volatile trade developments and mixed economic indicators. The S&P 500 closed virtually unchanged on Friday at 5,911.69, yet posted a 6.2% monthly increase, its strongest performance since November 2023. The Nasdaq Composite ended the session down 0.3% at 19,113.77, but surged 9.6% for the month, reflecting robust performance in the technology sector. The Dow Jones Industrial Average edged up 0.1% to 42,270.07, registering a 3.9% gain in May.
Investor sentiment was buoyed by encouraging inflation data and resilient corporate earnings, despite ongoing concerns over President Donald Trump’s fluctuating trade policies. The Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred inflation gauge, rose 2.5% year-over-year in April, aligning with expectations and marking the lowest level since March 2021.
The Red-Light/Green-Light Breadth System
Breadth indicators continue to reflect a mixed but stabilizing internal environment. While distribution days have begun to accumulate on the Nasdaq, they have yet to cluster meaningfully. A red-light signal flashed, but the indicator is attempting to curl higher at this moment. The technical posture across major indexes supports further upside, though traders remain sensitive to geopolitical news cycles, particularly around China and tariffs. On the NYSE, declining issues outnumbered advancers by a 1.14-to-1 ratio, while on the Nasdaq, decliners led by a 1.43-to-1 margin. Volume was higher on the NYSE and lower on the Nasdaq compared to the previous session, suggesting cautious optimism among investors.
S&P 500 – Daily Chart
The S&P 500 advanced 6.2% in May, finishing the week and the month at 5,911.69, less than 4% below its all-time high from February. Aided by strong earnings and relatively tame inflation readings, the index reclaimed upward momentum despite choppy intraday action caused by shifting rhetoric from Washington. Technically, the index is trending above key moving averages, with breadth expanding in tech, utilities, and financials.
Nasdaq – Daily Chart
The Nasdaq Composite surged 9.6% in May, closing Friday at 19,113.77. While semiconductors lagged on the week—Nvidia (NVDA) dropped nearly 3% post-earnings—the broader tech sector maintained leadership. Strength in names like Palantir (PLTR) and CrowdStrike (CRWD) offset weakness in chipmakers. The index now rests near short-term resistance levels but holds technical support.
Dow Jones Industrial Average – Daily Chart
The Dow ended May at 42,270.07, up 3.9% for the month. Blue-chip stocks showed resilience in the face of escalating trade tension rhetoric. Ulta Beauty (ULTA) was a standout, jumping 11.8% on Friday following a strong earnings beat and improved guidance. The index has moved back above a key technical zone and is showing signs of constructive consolidation.
Russell 2000 (ETF) – Daily Chart
The Russell 2000 gained 5.2% in May despite a slight 0.5% decline on Friday. The small-cap benchmark is showing tentative strength, with improving technical setups across industrial and consumer discretionary components. Its advance suggests increasing risk appetite among investors.
10-Year US Treasury Yield
The benchmark 10-year U.S. Treasury yield fell to 4.42%, reflecting investor caution amid trade uncertainties. In currency markets, the U.S. Dollar Index (DXY) experienced volatility throughout May, influenced by shifting trade policies and economic data. While the dollar showed resilience earlier in the month, it faced downward pressure following President Trump’s tariff announcements and subsequent legal challenges. Analysts suggest that the dollar may remain under pressure due to concerns over U.S. fiscal stability and global trade dynamics. Market participants continue to price in a 70% probability of a rate cut in September, as the PCE inflation reading came in at 2.1% year-over-year, inching closer to the Fed’s 2% target. While macro risk remains, the bond market appears to be stabilizing.
US Dollar – Daily Chart
Crude Oil – Weekly Chart
Crude oil settled at $60.79 per barrel, down 1.6% for the week. Despite OPEC+ agreeing to extend production increases, markets remain concerned about global demand and oversupply. Volatility has persisted as geopolitical risk and macro sentiment continue to whipsaw commodities. Price action remains trapped below the lower trendline of its technical pattern.
TSX – Daily Chart
The TSX Composite Index gained 5.4% in May, its best monthly performance since November 2023. While the index ended Friday lower by 35.51 points, weighed down by weakness in energy and mining, strength in financials and robust GDP growth of 2.2% annualized in Q1 lifted the overall tone. Wildfires in Alberta disrupted operations at MEG Energy (MEG.TO), contributing to sector pressure. The Canadian dollar’s appreciation against the U.S. dollar, driven by speculative capital flows, has prompted the Bank of Canada to issue warnings against currency speculation, emphasizing the need for stability in foreign exchange markets.
Copper – Monthly Chart
Copper prices remained soft, reflecting continued uncertainty around Chinese industrial demand and lukewarm global manufacturing data. Technical structure suggests base-building, but no strong momentum signals have emerged.
Gold – Weekly Chart
Gold fell 0.5% in May, closing at $3,288.58 per ounce, marking the end of a four-month winning streak. Still, the metal remains up 25.1% year-to-date, significantly outperforming equities. The pullback followed an all-time high of $3,411.40 on May 6, as traders opted to take profits amid ongoing geopolitical and trade tensions. Technically, price action remains above the 10-week and 50-day moving averages, suggesting structural strength. However, caution is warranted as the weekly PPO momentum indicator is beginning to flash a warning, appearing to set up for a potential bearish crossover, which could imply near-term weakness before any resumed advance.
Silver – Weekly Chart
Silver followed gold’s path, retreating in late May after a strong April. While still holding a sizable year-to-date gain, recent price action has been driven by changing inflation expectations and strength in the dollar.
Uranium Theme – Global X Uranium ETF
The Global X Uranium ETF (URA) maintained a firm technical structure, underpinned by rising global interest in nuclear energy. Volumes have increased amid growing institutional sponsorship and steady demand signals from key players including Cameco (CCJ) and Kazatomprom.
Bitcoin – Daily Chart
Bitcoin is currently trading around $105,000, pulling back from earlier highs as enthusiasm waned despite favorable regulatory commentary out of Washington. The cryptocurrency is now testing a key technical support level near its upward-sloping moving average. A breakdown at this level could open the door for a retest of the 50-day moving average. Alternatively, if price can stabilize here, the chart may be forming a bullish flag continuation pattern. Monitor closely to see whether consolidation leads to renewed strength or further retracement.
Ethereum – Weekly Chart
Ethereum traded defensively during the week, mirroring Bitcoin’s hesitation. While long-term structure remains intact, near-term momentum has stalled, and the asset is consolidating below recent highs and horizontal resistance.
Looking Ahead
Investors will closely monitor upcoming economic data releases, including the May jobs report and the Institute for Supply Management’s Manufacturing and Services PMIs, for insights into the health of the U.S. economy. Earnings reports from major companies such as Campbell’s, CrowdStrike (CRWD), Dollar Tree (DLTR), Broadcom (AVGO), and Lululemon Athletica (LULU) are also on the radar, as they may provide further indications of corporate resilience amid ongoing trade uncertainties.
May concluded with strong gains across major U.S. equity indices, driven by positive economic data and corporate earnings, despite persistent trade tensions. As markets navigate the complexities of global trade dynamics and fiscal policies, investor focus will remain on economic indicators and corporate performance to gauge the sustainability of the current rally. With volatility persisting, investors should remain selective, emphasizing high-quality setups and macro awareness as the summer trading season begins.
“Trade small enough that you don’t feel the pain. Manage big enough to let winners matter.” — Van Tharp
Now, onto the daily setups.
US Daily Setups
CSX – CSX Corp.
CSX appears to be positioning itself just below a significant horizontal resistance line. Monitor to see if price action can start to break out above, which may signal a shift in trend or renewed upside momentum.
LINK TO CHART – https://schrts.co/tAStdSvv
FMC – FMC Corp.
FMC appears to be setting up in the form of a potential bottoming pattern. Monitor for signs of strengthening price action or increasing volume, which may support a breakout attempt from this formation.
LINK TO CHART – https://schrts.co/iNNXhsze
GM – General Motors Co.
General Motors appears to be setting up below a significant horizontal resistance line. Monitor for any signs of upward momentum that could lead to a breakout from this level.
LINK TO CHART – https://schrts.co/mBdFrpmI
INOD – Innodata Inc.
Innodata appears to be setting up on the right side of a multiple-month consolidation area. Monitor for signs of upside momentum, which may lead to a breakout following Friday’s increase in volume.
LINK TO CHART – https://schrts.co/JQnixtdy
LMND – Lemonade Inc.
Lemonade appears to be setting up in the form of a potential continuation pattern. Monitor for signs of follow-through that may lead to a breakout.
LINK TO CHART – https://schrts.co/BprxsrqT
ONDS – Ondas Holdings Inc.
Ondas continues to move higher from the pattern we have been highlighting. Monitor for any signs of sustained upside momentum as price action trends above key support levels.
LINK TO CHART – https://schrts.co/qdhbHndD
PLTR – Palantir Technologies, Inc.
Palantir is setting up just below its all-time high. Monitor for any potential breakout signals.
LINK TO CHART – https://schrts.co/wEiQVIdv
REAL – RealReal Inc.
RealReal saw institutional buying last week, as price action appears to be setting up along a significant horizontal support line. Monitor for signs of accumulation and potential movement from this area.
LINK TO CHART – https://schrts.co/TdcPzdEz
SFM – Sprouts Farmers Market Inc.
Sprouts Farmers Market appears to be setting up on the right side of a significant multiple-month consolidation pattern. Monitor for signs of sustained accumulation and potential breakout signals.
LINK TO CHART – https://schrts.co/RsYpbIuu
TSSI – TSS Inc.
TSS appears to be setting up on the right side of a consolidation area, supported by increasing volume. Monitor for signs of continued accumulation and potential breakout signals.
LINK TO CHART – https://schrts.co/YrFsIeQr
Canadian Daily Setups
CGO.TO – Cogeco, Inc.
Cogeco is setting up just below its 52-week high. Monitor for signs of strength that may lead to a breakout from this consolidation area.
LINK TO CHART – https://schrts.co/HtfTwtNH
CSU.TO – Constellation Software Inc.
Constellation Software is consolidating in the form of a potential bullish flag, retesting the recent breakout line. Monitor for signs of renewed momentum that could lead to another leg higher.
LINK TO CHART – https://schrts.co/wqgdDvCw
DEFI.NE – DeFi Technologies Inc.
DeFi Technologies continues to set up in the form of a potential bullish flag, retesting the recent breakout level. Monitor for signs of upside follow-through that could confirm the continuation pattern.
LINK TO CHART – https://schrts.co/hsiJXqCw
ENB.TO – Enbridge, Inc.
Enbridge appears to be setting up on the right side of a multiple-month base. Monitor for signs of sustained accumulation or upside momentum that could lead to a breakout.
LINK TO CHART – https://schrts.co/yKSjBsqX
GFL.TO – GFL Environmental Inc
GFL Environmental appears to be setting up on the right side of a multiple-month consolidation area. Monitor for any signs of upside momentum that may lead to a breakout from this formation.
LINK TO CHART – https://schrts.co/QzpKnkmG
MDA.TO – MDA Ltd.
MDA appears to be setting up on the right side of a multiple-month consolidation pattern. Monitor for any potential breakout signals as price action tightens within the formation.
LINK TO CHART – https://schrts.co/SZhKEsFi
MTA.V – Metalla Royalty & Streaming Ltd
Metalla Royalty & Streaming appears to be setting up in the form of a triangle pattern. Monitor for a breakout as price action continues to coil within narrowing support and resistance levels.
LINK TO CHART – https://schrts.co/hHKQQhXa
SES.TO – Secure Waste Infrastructure Corp.
Secure Waste Infrastructure is pushing up against a significant horizontal resistance level, as highlighted by the large volume-by-price bar on the left side of the chart. Monitor for any potential breakout signals, as a move above this area could mark an important technical shift.
LINK TO CHART – https://schrts.co/zpKCxQWU
T.TO – TELUS Corp.
TELUS is attempting to break out from a significant multi-year consolidation and continuation pattern. Monitor for confirmation signals, as a sustained move above resistance could suggest the beginning of a new trend phase.
LINK TO CHART – https://schrts.co/PJzEWfhr
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 – 2025-06-01
LVWR, VERB, RGC, TSSI, SPRO, ONDS, ULTA, ADCT, BSGM, MP, UVV, ZS, U, SHLS, GATX, NEXT, HIMS, UPXI, PLTR, SEDG, BBAI, PHLT, CTEV, CLBR, JFIN, LFMD, AEVA, GH, MTA, ICAD, ACDC, CTMX, AMLX, ATYR, USAU, VRNA, DHCNI, PLMR, SPOT, FRO, BTM, CRMT, CELH, ARLO, GIFI, ALNY, PAGS, OUST, INOD, LFT, LMND, PRDO, STRT, WAY, HCI, INDV, PANW, BROS, MASI, NUS, HOOD, ZTEK, PRTH, DOCU, AKRO, DAO, NTTYY, CVLT, SFM, AVAV, HRTG, ALHC, COST, CNX, MUFG, ODD, MDWD, PATH, NVS, ORLA, AZN, LEU, TMC, AXON, PGR, CRWD, NATH, BBIO, GSK, RBLX, CURI, ACNT, CRCT, CCEC, AZ, SHAK, EAT, CNK, NGVC, TK, GFL, TM, CTBB, CVGW, FOUR, TRVI, CVNA, RYAN, LINC, CRF, MITK, APP, NXT, ADPT, SKWD, TPB, DRVN, LNG, IHS, ITRN, ITOCY, CLM, CRDF, GM, ALLT, CVS, KNTNF, ANGO, CHKP, SAP, DASH, DSGX, CALM, RLX, DUK, WRBY, RHHBY, CAR, MO, CHWY, NFLX, FRSH, HSHP, STNE, MRCY, OMAB, EQX, BMEZ, PEGA, REAL, BIPC, BTSG, GWRE, SKE, CTDD, ATGE, LRN, FFIV, FIS, GEN, TIGO, MKL, PPTA, DHT, IPI, WMT, IOT, ITRI, OPRA, SNOW, EHAB, ZM, FIHL, GNE, AJG, ESLT, ORCL, AGX, TMUS, TRP, BEPC, F, CTVA, CPRX, FDP, PM, T, AIZ, THC, ALL, MNDY, YSG, ROAD, DHCNL, VZ, ATRC, CGNT, AVAL, IDCC, AVNW, NBB, AON, NI, PBH, SO, VRSN, FMCC, HMST, NUTX, WDH, WCN, B, CWEN, DKL, FLUT, KEP, ENB, NGD, RBA, MA, WM, WEC, PAYC, DRS, EPR, NTST, OR, BR, CWEN/A, CKHUY, MFG, PLBY, ZIM, FTS, IGV, LOPE, AIG, ASR, BOX, CCEP, KTOS, JRI, RTX, AACT, ANZGY, ARMN, MCY, KVUE, AXS, CTRI, DUOL, BHF, GD, ALKS, APEI, AZO, IAG, ODC, D, DAC, EOD, GDXJ, HACK, PAG, TRI, APH, CAE, FWONK, GHC, ORLY, PSMT, BYRN, ES, ETR, RSG, CBOE, CIBR, DXCM, IESC, KGEI, LOGC, NTNX, SUTNY, UAL, X, BL, FUBO, NYT, SAH, ASA, CME, AVVIY, BRO, DPG, ED, JNJ, KNSL, MIRM, NET, CB, TFPM, THG, BFAM, EXEL, XLU, AWK, CYBR, STRL, EBAY, WRB, ZTR, PINC, BAP, MCK, NRG, ULS, HDB, LMB, III, AEG, SLF, AER, UVE, WPM, DTM, WELL, SSRM, V, EHC, RPRX, BSX, CSGS, PRMB, PRMW, USFD, GE, ICE, MELI, MGIC, CRS, KGC, TKO, DNP, LTBR, AKBA, NFG, SCHW, UTI, WLDN, MOS, SENEA, DOMO, ADT, PBI, LAUR, DE, REVG, ABT, TDG, ING, BTI, IGA, MNST, CCB, IMAX, TRV, TD, UGI, ADP, IDE, NTR, HG, UNM, EXE, TTWO, GEV, PODD, BMO, CNP, FOXA, NWG, VSEC, BBUC, ACI, BKNG, PAYX, FNV, AHR, CAH, HMN, KAR, FENC, SAN, VEEV, DRI, FOX, IBEX, MRX, AAMI, AEM, CSV, BCS, MT, CNM, DGICA, ICL, RBC, HSBC, TPR, CM, MCI, GF, XYF, DB, ESE, ALCO
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 – 2025-06-01
MATA.V, PALI.V, DEFI.NE, ONCO.NE, LA.V, FAT.CA, STGO.TO, DOO.TO, VMET.V, PLTR.NE, MLP.V, MDP.TO, LB.TO, KLD.V, MTA.V, QNTM.CA, AAUC.TO, FORA.TO, FWZ.V, ATX.V, GMIN.TO, FBF.V, RIO.V, PANW\.NE, NFG.V, CAD.V, DHT/UN.TO, ORE.TO, SXGC.V, ERD.TO, COST.NE, COST.TO, VZLA.TO, PNPN.V, POW\.TO, NCI.V, FIH/U.TO, LUG.TO, SES.TO, RBX.V, NGEX.TO, PET.TO, OLA.TO, RBN/UN.TO, GGD.TO, AMX.V, BEPC.TO, CGO.TO, BIPC.TO, GFL.TO, MDA.TO, SJ.TO, KNT.TO, ECOR.TO, PSK.TO, ABX.TO, DF.TO, KITS.TO, BAM.TO, CSU.TO, TXN.NE, DSV.TO, JWEL.TO, WMT.NE, CSH/UN.TO, WILD.TO, FFH.TO, TH.TO, CCA.TO, TOI.V, BBU/UN.TO, DSG.TO, CXB.TO, PRL.TO, DNTL.TO, EQX.TO, EQX.V, NGEN.V, OGC.TO, SKE.TO, ARIS.TO, NA.TO, SVM.TO, ERE/UN.TO, SCR.TO, CTC/A.TO, DCM.TO, ECN.TO, BEP/UN.TO, TRP.TO, BNT.TO, ARTG.V, SIA.TO, NWC.TO, FFN.TO, PPTA.TO, BBD/B.TO, QBR/B.TO, CRT/UN.TO, BK.TO, EIT/UN.TO, DGS.TO, RBA.TO, RY.TO, ENB.TO, LBS.TO, EMP/A.TO, DFN.TO, MA.NE, ZDC.V, FTT.TO, THNC.TO, HSTR.V, AIM.TO, FTN.TO, FTS.TO, WCN.TO, PMEI/UN.TO, CGX.TO, CAE.TO, NGD.TO, OR.TO, EFN.TO, PRYM.TO, TFPM.TO, GRT/UN.TO, CHE/UN.TO, PLZ/UN.TO, EMA.TO, TRI.TO, MAL.TO, META.NE, META.TO, MRT/UN.TO, MVRS.NE, SVI.TO, T.TO, ZEN.V, BIP/UN.TO, CCL/B.TO, ACO/X.TO, BRVO.V, BTB/UN.TO, NWH/UN.TO, TCL/A.TO, PRB.TO, BBUC.TO, TOT.TO, WGX.TO, CRR/UN.TO, QSR.TO, EXE.TO, MKP.TO, PMZ/UN.TO, MRU.TO, MSFT.NE, MSFT.TO, IMG.TO, TVK.TO, ELD.TO, L.TO, DOL.TO, SSRM.TO, TXG.TO, CF.TO, WN.TO, CU.TO, FN.TO, RSI.TO, WPK.TO, IPCO.TO, PAAS.TO, EDV.TO, HON.NE, K.TO, TF.TO, CAR/UN.TO, WPM.TO, PBH.TO, PSU/U.TO, JPM.NE, SRU/UN.TO
