Hey MFG,
I hope all is well with you and your family. I'm thrilled to bring you this week's edition of The Peters Report. I thoroughly enjoy documenting my trades and putting them out there. The newsletter is packed with the latest insights and updates from the MFG portfolios in stocks and crypto.
Link to updated current Money Flow Newsletter CLICK HERE
I have some exciting news to share- I'm upgrading The Peters Report to a NEW PLATFORM called Substack. I've been working hard to enhance the reading experience and incorporate more interactive and timely content.
Substack offers a sleek, user-friendly platform that I believe will make our interactions and your reading experience smoother, more colorful, and overall better. Plus, it's an opportunity for us to grow the MFG community and connect with other badass traders.
The transition will happen over the next few weeks. Make sure to put your email in to subscribe! Get in flow with the new Money Flow Newsletter.
I want to thank you from the bottom of my heart for your continued support of my work. I'm excited about what lies ahead and can't wait to provide a simple, central platform for my books and content.
Thank You, MFG! Always remember, whatever you think about comes about, whatever you focus on grows. - GP
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MFG STATE OF THE MARKET 4-14-24
Gold (GLD) continues to be the leading asset class of The Wind and trade at an extreme-high RSI reading. OIL (USO) is hitting previous highs and forming a stage 3 consolidation zone. The Nasdaq (QQQ) and The S&P 500 (SPY) are still holding strong stage 3 zones here. The Technology sector (XLK) is currently the best performing sector of the SPY.
Bitcoin (BTC) is also still holding a wide stage 3 consolidation zone despite the entire crypto sector being under pressure. I'm watching closely to see if it holds here. The Diamonds (DIA) are lagging behind and entering a stage 4 decline. Bonds (TLT) are trading below its 200-day SMA average again and possibly rolling over into a stage 4 decline. Be patient and stay in flow.
Last week was another great week for the MFG portfolio! We collected more lucrative dividends to increase our monthly passive income. We saw a beautiful breakout in AAPL. The MFG timed it perfectly, we had added to 2x leveraged swing trade AAPX earlier in the week. I also added to my 2x leveraged swing trade in TSLR, assisted-living REIT- VTR, and established a position in new IPO- Reddit Inc (RDDT). Don't sleep on this! Drop down to the 1-hour chart for precise entry and follow the same game plan as CART. I haven't added any crypto yet, but I'm watching the sector.
This week, I will be watching the markets very closely. This is the type of market when you "buy the dip." I'm watching Bonds (TLT) and the sectors- XLV, XLRE, and XLP. Dividend stocks and high-yield funds are under pressure. MCD, GILD, MO, INTC, CVS, CMCSA, SBUX, PFE, PFF, ARKK, BA, and PM are on my radar to watch for stage 1s.
Be sure to check out GP’s trader column: Trader’s Life
Always remain bullish and follow The Money Flow.
Fullauto11
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Yes yes yes yes GP!
Thanks for the post GP. I’m keeping an eye on UNH ADBE and ULTA as well