On The Precipice: Lund Loop Daily Update - 12/06/22
On The Precipice: Lund Loop Daily Update - 12/06/22
It’s Tuesday and that means that the ‘Daily Update’ video below is unlocked and free for everyone to view.
The ‘Daily Update’ includes a review of the day’s market action, updated charts & watchlists from the weekend strategy video, as well as new charts of interest.
For intraday updates please join the Lund Loop Discord.
Spotlight Chart
When DXY broke down, the market rallied. Now that it has found some of its footing the market is weakening. Which way DXY breaks from here will be important.
For a deeper dive, check out the Daily Update video below
Market Snapshot
Sectors: out of 11 sectors were DOWN.
Winner: Utilities +0.66%
Loser: Energy -2.65%
Oil: $74.39 (-3.31%)
Gold: $1,784.45 (+0.12%)
U.S. 10-Year Treasury: 3.531 (-1.23%)
US Dollar Index: 105.578 (+0.27%)
Crypto: Bitcoin: $16,989.40 (+0.14%) Ethereum: $1,255.26 (-0.34%)
Daily Update Video & Watchlists
Charts of interest: PTON 0.00%↑ AMAT 0.00%↑ ISRG 0.00%↑ JETS 0.00%↑ OKTA 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 link below to access the ‘Daily Update’ video and view the current setups watchlists.
Click here for a full explanation of how watchlists work.
Please read the disclosures at the bottom of this page.
It should go without saying - but I’ll say it anyway - all opinions expressed in The Lund Loop are my own personal opinions and don’t reflect the views of my employer, any associated entities, or other organizations I’m associated with.
Nothing written, expressed, or implied here should be looked at as investment advice or an admonition to buy, sell, or trade any security or financial instrument. As always, do your own diligence.
