The Lund Loop Daily Update - 03/23/23
We continue to have a “Tale of Two Indexes” going on between the Q’s and IWM - which look like mirror images of each other.
After watching the whole market sink in unison over the past year it’s easy to forget that indexes can diverge from each other, and that’s what we’ve seen recently with these two.
But how long they can continue to do so is another question completely.
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.
Market Snapshot
Sectors: 11 out of 11 sectors were DOWN.
- Winner: Communication Services +1.83%
- Loser: Energy -1.36%
Daily Update Video & Watchlists
Charts of interest: AMZN 0.00 TSLA 0.00 SPOT 0.00 OKTA 0.00 AAPL 0.00 NVDA 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.’
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.