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.

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Spotlight Chart

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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

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Market Snapshot

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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%)

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Daily Update Video & Watchlists

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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.