MFG Trade of The Week
UCO: ProShares Ultra Bloomberg Crude Oil ETF
Hey MFG!
Oil (USO/$BRENT) is back in play! The MFG timed oil perfectly. The Nasdaq (QQQ) and the S&P 500 (SPY) continue to climb higher. Bitcoin (BTC) is still holding its stage 2 uptrend. The Dow Jones (DIA) is in a stage 1 accumulation zone.
The stage 2 uptrend in Bonds (TLT) looks to be losing some momentum and trading right above its 200-day SMA. Gold (GLD) is a stage 1 accumulation zone and trading above its 200-day SMA.
This week, I opened a swing trade in 2x leveraged Crude Oil ETF- UCO and added to extreme-yield fund IWMY. Another swing trade idea is 3x leveraged Dow Jones ETF- UDOW.
I'm looking to accumulate more shares of JNJ, BXMT, DNUT, INTC, BMY, ROKU, SOFI, ADBE, LYFT, REM, USA, and extreme-yield funds USOI/USOY, YBIT, ULTY, IWMY, SQY, DISO, AMZY, and OARK.
My last message to you was about my swing trade in ADBE, which is still in a stage 1 accumulation zone according to the Money Flow Trading System. Consider adding shares here.
Grab a free copy of Gerald’s ebook You Don’t Have To Die Broke! CLICK HERE!
Always remain bullish and follow The Money Flow.
The Peters Report - Stock & Crypto Trader’s Resource
-GP a.k.a Fullauto11
Looking for a group of likeminded people to trade with? Text alerts and the MFG Discord. Text GP 1-936-661-7786 or email GP fullauto11@gmail.com to join.
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MFG Swing Trade of The Week
Today's message is about ProShares Ultra Bloomberg Crude Oil ETF (UCO). This ETF seeks to provide daily investment results that correspond to twice (200%) the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index.
Essentially, UCO is a leveraged ETF that aims to double the daily movement of crude oil prices.
OIL (USO/$BRENT) is currently in a stage 2 breakout according to the Money Flow Trading System and trading right back above its 200-day SMA. I plan to add on any weakness.
[See UCO chart below with stop zone and targets.]
See UCO chart inside my “Trade Ideas” Chart Pack CLICK HERE
Other trade ideas: GUSH, UDOW
The Dow Jones (DIA/INDU) is in a stage 1 accumulation zone.
[See UDOW chart below with target zone and anchor point.]
See UDOW chart inside my “Trade Ideas” Chart Pack CLICK HERE
The Difference Between GUSH and UCO
The key difference between GUSH and UCO lies in the specific focus of their leveraged exposure within the energy sector.
UCO - ProShares Ultra Bloomberg Crude Oil ETF
Commodity Focus: UCO specifically targets crude oil prices.
Leverage: It seeks to provide 200% of the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index, which tracks the movements in the price of West Texas Intermediate (WTI) light, sweet crude oil.
Usage: UCO is used by traders looking to make leveraged bets specifically on the price movements of crude oil. It is generally suitable for short-term strategies due to the impact of daily rebalancing and compounding effects.
GUSH - Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares
Sector Focus: GUSH focuses on the oil and gas exploration and production sub-sector within the broader energy sector.
Leverage: It aims to deliver 200% of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index, which includes companies involved in the exploration and production of oil and natural gas.
Usage: GUSH is targeted at traders who want leveraged exposure to the companies in the oil and gas exploration and production industry, rather than directly to the commodity price itself.
GP’s Wrap-Up
While both ETFs are leveraged and focus on the broader energy sector, UCO tracks the commodity price of crude oil directly, whereas GUSH targets the stock performance of companies in the exploration and production industry.
The oil trade is back on!
Dig into the Energy Sector (XLE) and look for stage 1 Money Flow setups to add to your buy and hold positions or put on a swing trade.
I’m watching OXY, COP, USOI, and USOY. Make sure to do your research and understand the risks of trading leveraged products.
If you need help with identifying which stages your stocks are in, or using the Money Flow indicators, consider my course:
“The Money Flow Trading System Swing Trading Bootcamp Course!” CLICK HERE!
"Take care of your body. It's the only place you have to live." - Jim Rohn
Always remember, whatever you think about comes about, whatever you focus on grows. - GP
Purchase a hard copy of Gerald’s swing trading strategy book called The Money Flow Trading System. CLICK HERE!
We never know where the market is going to go. We do know the stock market climbs higher 70% of the time. Check your charts everyday and keep in flow.
If you need help with this, consider Gerald's course, "Getting Started with Stock Charts the Money Flow Way" and you will be ready to add shares to your portfolios on stage 1 when the markets are about to possibly rotate and trim profits when opportunities arise.
They say that you can’t buy bottoms or sell tops; The Money Flow Trading System can show you how to buy ALL the tops and the bottoms and stay in the flow.
That is what the Money Flow Trading System is all about. Being in flow with the stock market. Simple? YES! Easy? NO, but what in life that is worth having is? Stay the course, don't give up and don't get shaken out by wars, the Fed raising rates, rumors of recession, or any other event that may come.
Don't forget, 70% of the time the stock market climbs higher and the other 30% sets up for good buying opportunities.
Timed oil perfectly. 💥
Thanks GP! 🔥🔥🔥