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.

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Spotlight Chart

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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

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Market Snapshot

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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%)

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Daily Update Video & Watchlists

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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.