The Lund Loop Daily Update - 02/23/23
An important chart to watch right now is DXY.
At risk of oversimplification, the DXY and market have been inversely correlated, meaning, if DXY is going up, the market is going down - and visa versa.
Today, DXY tested the 200EMA for the third time since breaking below it in late December. A failure here could mean the market is potentially going higher.
For more on this, check out today’s ‘Daily Update’ video below.
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.
For intraday updates please join the Lund Loop Discord.
Sectors: 7 out of 11 sectors were UP.
- Winner: Information Technology +1.63%
- Loser: Consumer Discretionary -0.66%
Daily Update Video & Watchlists
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.’
Check out this short video for a full explanation to use the Lund Loop watchlists to identify potential profit opportunities.
Click the links below for the ‘Daily Update’ video and to view the current watchlists & setups.