MFG Trade of The Week

Copper Riches!! Why FCX is a Must-Have for Your Portfolio!!

Hey MFG!

The Nasdaq (QQQ) and the S&P 500 (SPY) have cooled off a bit. They’re no longer trading at extreme-high RSI readings and are starting to move sideways here.

The Diamonds (DIA), Oil (USO), and Bonds (TLT) are all in stage 2 uptrends above their 200-day SMA.

Gold (GLD) is a stage 1 accumulation zone and trading above its 200-day SMA. Bitcoin (BTC) and Bitcoin Cash (BCH) are currently in stage 4 declines and trading at extreme-low RSI readings.

This week, I opened a swing trade in FCX and a B&B trade in MCD.

My last message to you was about my swing trade in 2x leveraged crude oil UCO, which blew through its first target. I’m watching for price to hit its second target where I’ll look to trim shares.

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.

NEW ANNOUNCEMENT!!

My newest ebook, The Bread-And-Butter Trading System will be available for sale soon!! I’m not sure where that term came from, but bread and butter are staple American foods.

This strategy became my staple food- my go to strategy to add “alpha” to my buy and hold stock dividend portfolio. It literally became my bread-and-butter trading method.

Stay tuned for the release date and be among the first to get your copy. Don't miss out on this opportunity to step up your buy and hold portfolios and advance your trading skills.

Follow the MFG Substack: The Peters Report: The Ultimate Resource for Traders to receive an exclusive discount and be notified as soon as the ebook is available!

THIS WEEK’S HOMEWORK VIDEO!! THE MONEY FLOW SUNDAY SERVICE!! CLICK HERE!!

Quick trade update: GILD completed its B&B swing trade. I trimmed half of my position and I’m letting the rest run.

Congratulations to those of you in the GILD B&B trade! 🥳

MFG Swing Trade of The Week

Today's message is about Freeport-McMoRan, Inc (FCX). FCX, commonly known as “Freeport,” is a U.S.-based mining company headquartered at the Freeport-McMoRan Center in Phoenix, Arizona. It is the leading global producer of molybdenum, a significant copper producer, and runs the Grasberg mine in Papua, Indonesia, which is the largest gold mine in the world.

FCX was formed in 1981 through the merger of Freeport Minerals, which had its origins in the early 20th century, and McMoRan Oil & Gas Company. Over the years, it has grown through various acquisitions and expansions.

Operations:

• Molybdenum: Besides being the largest producer of molybdenum, which is a key element used in steel alloys to enhance strength and resistance to corrosion, FCX also has significant molybdenum mining operations in Colorado and New Mexico.

• Copper: Freeport is one of the world's largest copper producers. Copper is vital for electrical applications, construction, and various industrial uses.

• Gold: The Grasberg mine in Indonesia is not only the largest gold mine, but also one of the richest copper mines globally. The company holds a substantial interest in this operation.

Apart from its major operations in the United States and Indonesia, FCX also has significant mining projects and exploration activities in South America, particularly in Peru and Chile.

The Case for Owning FCX Shares

A possible stage 2 breakout is underway in Freeport-McMoRan, Inc (FCX) according to the Money Flow Trading System and trading above its 200-day SMA. Its fair value is $56. I plan to add on any weakness. You could consider opening a swing trade or adding shares to your buy and hold portfolio.

[See FCX chart below with anchor point and target.]

The long-term outlook for copper is strong due to its essential role in electrification, renewable energy, and electric vehicles.

Molybdenum also has steady demand in steel manufacturing and other industrial applications. As these industries grow, the demand for FCX's products is expected to rise.

The global economy continues to recover and grow, the demand for infrastructure, technology, and renewable energy is expected to increase. This growth drives the need for metals like copper, benefitting companies like FCX.

Overall, FCX’s strong market position, positive commodity outlook, financial health, commitment to sustainability, and growth opportunities make it a compelling investment for those interested in the mining and resources sector.

This week, I also opened a B&B swing trade in MCD.

[See MCD chart below with stop zone and targets.]

MCD is currently trading below its 200-day SMA, which poses a chance to put on a bread-and-butter swing trade. According to analyst Sean from Morningstar, MCD is currently undervalued and has a fair value of $300.

See FCX & MCD charts inside my “Trade Ideas” Chart Pack CLICK HERE

GP’s Wrap-Up

MFG, I cannot stress enough the importance of doing your homework every weekend. You must do this to be able to observe market structure and rotation. Doing my whiteboard is how I found MCD and FCX set up for perfect swing trades. This is how I find all of my trades- by doing my homework each Sunday!!

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!

"When you’re proficient at recognizing and understanding market structure, it’s possible to make a very good living in trading by becoming an expert in just a few simple patterns." - Brian Shannon

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.