We're Back: Lund Loop Daily Update - 11/28/2022
To get the weekend newsletter, as well as daily charts and market commentary, delivered directly to your inbox, join over 7,000+ 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
Stocks liked it when DXY broke down earlier this month. Now it’s trying to stabilize and put in a small double-bottom. If we do start pushing higher, that will probably put more downside pressure on stocks.
For a deeper dive, check out the Daily Update video below
Market Snapshot
Sectors: 11 out of 11 sectors were DOWN.
Winner: Consumer Staples -0.31%
Loser: Real Estate -2.80%
Oil: $76.48 (+0.28%)
Gold: $1,740.40 (-0.78%)
U.S. 10-Year Treasury: 3.683 (-0.22%)
US Dollar Index: 106.661 (+0.57%)
Crypto: Bitcoin: $16,193.22 (-1.39%) Ethereum: $1,172.80 (-1.78%)
Daily Update Video & Watchlists
Charts of interest: CZR 0.00%↑ ISRG 0.00%↑ PFE 0.00%↑ USO 0.00%↑ AAPL 0.00%↑ JPM 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.