Moving On: Lund Loop Daily Update - 12/07/22
To get the weekend newsletter, as well as daily charts and market commentary, delivered directly to your inbox, join over 7,500+ other traders and active investors by subscribing to the Lund Loop.
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
Despite a tough tape, AMAT is showing good relative strength. If the market can stabilize this one might move higher.
For a deeper dive, check out the Daily Update video below
Market Snapshot
Sectors: 8 out of 11 sectors were UP.
Winner: Health Care +0.85%
Loser: Communication Services -0.93%
Oil: $72.40 (-2.49%)
Gold: $1,799.03(+0.93%)
U.S. 10-Year Treasury: 3.424 (+0.15%)
US Dollar Index: 105.198 (-0.35%)
Crypto: Bitcoin: $16,829.61 (-1.51%) Ethereum: $1,231.79 (-3.09%)
Daily Update Video & Watchlists
Charts of interest: AMAT 0.00%↑ ISRG 0.00%↑ OKTA 0.00%↑ PTON 0.00%↑ NFLX 0.00%↑ NVDA 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.