Leaning Neutral: Lund Loop Daily Update - 10/03/2022
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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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SCHW has continued to show good RS during the recent selloff. Right now this chart looks sweet. If only we weren’t in a downtrend. But, if we can get a short-term rally in the overall market, this one likely goes higher.
For a deeper dive, check out the Daily Update video below
Sectors: 11 out of 11 sectors were UP.
Winner: Energy +5.77%
Loser: Consumer Discretionary +0.24%
Oil: $83.30 (+4.79%)
Gold: $1,708.14 (+2.16%)
U.S. 10-Year Treasury: 3.645 (-4.90%)
US Dollar Index: 111.641 (-0.47%)
Crypto: Bitcoin: $19.535.49 (+2.54%) Ethereum: $1,316.76 (3.13%)
Daily Update Video & Watchlists
Charts of interest: SCHW 0.00 COIN 0.00 NFLX 0.00 PTON 0.00 GS 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.