The Waiting Game: Lund Loop Daily Update - 10/10/2022
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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.
Spotlight Chart
RVNC has been showing great RS lately. After pulling back from 52-week highs it printed a possible reversal bar right off the 8EMA. Keep an eye on this to see if the uptrend resumes.
For a deeper dive, check out the Daily Update video below
Market Snapshot
Sectors: out of 11 sectors were DOWN.
Winner: Industrials +0.33%
Loser: Energy -2.06%
Oil: $90.68 (-2.12%)
Gold: $1,675.38 (-2.00%)
U.S. 10-Year Treasury: 3.961 (+1.96%)
US Dollar Index: 113.142 (+0.35%)
Crypto: Bitcoin: $19,235.89 (-1.06%) Ethereum: $1,307.95 (-1.17%)
Daily Update Video & Watchlists
Charts of interest: RVNC 0.00%↑ ENPH 0.00%↑ TSLA 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.