Back to The Lows: Lund Loop Daily Update - 09/29/2022
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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.
Spotlight Chart
RVNC is a biotech stock that has shown good RS lately. It now looks like it might be done with this short-term pullback and ready to resume the intermediate-term up trend.
For a deeper dive, check out the Daily Update video below
Market Snapshot
Sectors: 11 out of 11 sectors were DOWN.
Winner: Energy -0.13%
Loser: Utilities -4.07%
Oil: $81.59 (-0.68%)
Gold: $1,668.60 (-0.08%)
U.S. 10-Year Treasury: 3.782 (+1.20%)
US Dollar Index: 112.075 (-0.56%)
Crypto: Bitcoin: $19,523.57 (+0.61%) Ethereum: $1,339.34 (+0.18%)
Daily Update Video & Watchlists
Charts of interest: NFLX 0.00%↑ TSLA 0.00%↑ JPM 0.00%↑ V 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.