The Wait: Lund Loop Daily Update - 12/05/22
To get the weekend newsletter, as well as daily charts and market commentary, delivered directly to your inbox, join over 7,500+ other traders and active investors by subscribing to the Lund Loop.
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
Boeing is trying to break a long-term downtrend that goes back to March of 2019. It was one of the few stocks to close green today, which is a sigh of good relative strength.
For a deeper dive, check out the Daily Update video below
Market Snapshot
Sectors: 11 out of 11 sectors were DOWN.
Winner: Utilities -0.60%
Loser: Consumer Discretionary -2.95%
Oil: $77.35 (-3.29%)
Gold: $1,781.11 (-1.57%)
U.S. 10-Year Treasury: 3.588 (+2.87%)
US Dollar Index: 105.299 (+0.76%)
Crypto: Bitcoin: $16,956.50 (-0.89%) Ethereum: $1,256.42 (-1.81%)
Daily Update Video & Watchlists
Charts of interest: NVDA 0.00%↑ AMAT 0.00%↑ PFE 0.00%↑ ISRG 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.