The Lund Loop Daily Update - 01/05/23
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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
Chinese stocks have been on a tear and FXI recently broke an almost 2-year long downtrend as well as the 200EMA. We will keep an eye this sector to see if this is just an oversold bounce or the beginning of a tradable trend change.
For a deeper dive, check out the Daily Update video below.
Market Snapshot
Sectors: 10 out of 11 sectors were DOWN.
- Winner: Energy +1.99%
- Loser: Real Estate -2.89%
Daily Update Video & Watchlists
Charts of interest: PFE 0.00%↑ META 0.00%↑ JPM 0.00%↑ USO 0.00%↑ FXI 0.00%↑ SCHW 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.