Minor Relief: Lund Loop Daily Update - 12/29/22
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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
Everyone likes shitting on Zuckerberg and META, with many calling it a dead company walking.
Who knows, but excessive hate is usually a contrary signal. Either way, we let technicals, not emotions guide us.
META is consolidating below a significant S/R resistance level. If it can break - and hold - above the 123 area, and the market doesn’t tank, I think it can run for awhile.
For a deeper dive, check out the Daily Update video below
Market Snapshot
Sectors: 11 out of 11 sectors were UP.
Winner: Communication Services +2.69%
Loser: Consumer Staples +0.41%
Oil: $78.65 (-0.39%)
Gold: $1,822.20 (+0.35%)
U.S. 10-Year Treasury: 3.816 (-1.80%)
US Dollar Index: 103.974 (-0.47%)
Crypto: Bitcoin: $16,597.49 (+0.35%) Ethereum: $1,194.92 (+0.47%)
Daily Update Video & Watchlists
Charts of interest: CVX 0.00%↑ VLO 0.00%↑ V 0.00%↑ JPM 0.00%↑ SLB 0.00%↑ HAL 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.