Setting The Stage: Lund Loop Daily Update - 11/17/2022
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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.
For intraday updates please join the Lund Loop Discord.
Spotlight Chart
Despite TGT’s horrible reaction to earning yesterday, the COST chart is setting up nicely right below an intermediate-term downtrend. There’s still time for this to breakout before earning on December 7th.
For a deeper dive, check out the Daily Update video below
Market Snapshot
Sectors: 8 out of 11 sectors were DOWN.
Winner: Information Technology +0.21%
Loser: Utilities -1.79%
Oil: $81.71 (-4.57%)
Gold: $1,763.29.20 (-0.71%)
U.S. 10-Year Treasury: 3.769 (+2.09%)
US Dollar Index: 109.661 (+0.36%)
Crypto: Bitcoin: $16,697.35 (+0.33%) Ethereum: $1,206.04 (-0.79%)
Daily Update Video & Watchlists
Charts of interest: KBH 0.00%↑ COST 0.00%↑ JPM 0.00%↑ BA 0.00%↑ DKNG 0.00%↑ PTON 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.