A Politics Free Zone: The Lund Loop Daily Update - 11/07/2022

To get the weekend newsletter, as well as daily charts and market commentary, delivered directly to your inbox, join over 7,000+ other traders and active investors by subscribing to the Lund Loop.

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The ‘Daily Update’ includes a review of the day’s market action, updated charts, from the Saturday ‘Market Strategy’ video, and setups ready to trigger.

Check out this short video for a full explanation to use the Lund Loop watchlists to identify potential profit opportunities.

For intraday updates please join the Lund Loop Discord.

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Spotlight Chart

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In this weekend’s ‘Deconstructing a Trade’ video, I talked about NFLX and where it made most sense to get involved if you think this is just a pullback. Today the stock reversed intraday right off the 50EMA and just above gap support, giving those who were interesting a reasonable spot to get in.

For a deeper dive, check out the Daily Update video below

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Market Snapshot

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Sectors: out of 11 sectors were DOWN.

• Winner: Communication Services +1.82%

• Loser: Utilities -1.94%

Oil: $91.81 (-0.86%)

Gold: $1,677.50 (0.05%)

U.S. 10-Year Treasury: 4.220 (+1.37%)

US Dollar Index: 110.192 (-0.54%)

Crypto: Bitcoin: $20,703.52 (-1.01%) Ethereum: $1,587.97 (1.19%)

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Daily Update Video & Watchlists

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Charts of interest: DKNG 0.00%↑ ON 0.00%↑ SPOT 0.00%↑ JETS 0.00%↑ NFLX 0.00%↑ AMZN 0.00%↑

Note: The cash tags above are a new feature for Substack and the quotes still look a little wonky so refer to the prices in the ‘Daily Update.’

Click the links below for the ‘Daily Update’ video and to view the current watchlists & setups.