Breaktime? - Lund Loop Daily Update - 09/12/2022
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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.
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In this weekend’s Market Strategy video I made a point of highlighting AAPL and the 3-day “turn” pattern it made right at support, noting that it could continue to run up into that small gap area that occurred after Jackson Hole.
However, I didn’t expect it to do so in one day.
AAPL acting better is good for the overall market. That being said, I wouldn’t be surprised if it rested here - along with the rest of the market - for 1-3 days. If it does, that would set up another potential entry point.
For a deeper dive, check out the Daily Update video below
Sectors: 11 out of 11 sectors were UP.
Winner: Energy +1.81%
Loser: Consumer Staples +0.41%
Oil: $87.9 (+1.33%)
Gold: $1,736.10 (+0.49%)
U.S. 10-Year Treasury: 3.356 (+1.27%)
US Dollar Index: 108.321 (-0.60%)
Crypto: Bitcoin: $22,405.40 (+2.63%) Ethereum: $1,722.91 (-2.53%)
Daily Update Video & Watchlists
Charts of interest: AAPL 0.00 USO 0.00 RUN 0.00 ENPH 0.00 NFLX 0.00 MGM 0.00
Click the links below for the ‘Daily Update’ video and to view the current watchlists & setups.