The Peters Report 11-10-24
The Sunday Edition of the Money Flow Newsletter
MFG STATE OF THE MARKET 11-10-24
The markets were on absolute fire last week!! After surviving the Halloween “crash” of 2024, the Big 3 major indexes hit record highs, with Bitcoin (BTC) moving parabolically and reaching a record $81,000!!
Congratulations to those of you who own BTC!! History was made last week in both crypto and the markets!! Between the Presidential Election and the Federal Reserve reducing interest rates by 25 basis points, it was a fun and wild week! I appreciate you for believing in me and trading with me; I don’t take it for granted.
BTC is now the leading asset class of The Wind and trading at an extreme-high RSI reading. I sold one of my BTC futures contracts over the weekend.
The S&P 500 (SPY), the Dow Jones (DIA), and the Nasdaq (QQQ) popped higher and are trading at near extreme-high RSI readings here. This means that price still has room to move higher, but also to use caution here because the markets are at all-time highs.
The CBOE Volatility Index ($VIX), also known as the “fear index,” dropped 32%, which was its biggest weekly drop since December 2021, while the SPY and DIA had their best weeks of the year! Bonds (TLT) came back into the box and entered a stage 2 breakout right at its 200-day SMA.
The stage 2 breakout in Oil (USO) has seemed to lose some momentum right below its 200-day SMA, while the Energy Sector (XLE) is in a beautiful stage 2 uptrend above its 200-day SMA. Gold (GLD) is in a stage 4 decline.
Consumer Discretionary(XLY) was the best performing sector of the S&P 500 (SPY), while Consumer Staples (XLP) was the worst. Be patient and stay in flow.
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Last week was an unreal week for the MFG portfolio!! The MFG took profits in TSLA, MSTR, HBI, LYFT, AMZN, DASH, PLTR, CRM, SOFI, MBLY, WBD, GOOG, GILD, and COP. I was profitable in day trading and collected more lucrative weekly dividends!
We saw beautiful moves in TLT, ADBE, DNUT, MPW, PLTR, and NUE completed its B&B swing trade.
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This week, I’m keeping a close on VZ, DOW, JNJ, KO, CPB, DNUT, HSY, KHC, WBA, CVS, PFE, MRNA, UBER, ABNB, SMCI, NUGT, BORR, and extreme-yield funds ABNY and MRNY.
I’m looking to accumulate shares of some Consumer Staples stocks (XLP), MRK, KDP, PEP, AGNC, OXY, ENVX, UTSL, AMDL, BARK, ASGI, GUT, PSEC, and extreme-yield funds KLIP, BABO, CRSH, DIPS, YQQQ, AMDY, GDXY, and FIAT.
-GP a.k.a Fullauto11 🧙🐼
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Third Quarter Earnings Season is Coming to an End
Many S&P 500 companies are scheduled to report earnings this week.
Tuesday: OXY, CART, HD, MARA, PLUG, SPOT, SHOP
Wednesday: CSCO, PSEC, NU, BNGO, BTM, PET
Thursday: ECC, DIS
Friday: BABO
Bitcoin (BTC) Reached A New All-Time High of $81K!! 🚨🥳
Bitcoin (BTC) has been on fire!! History’s being made and you’re a part of it!! Notice BTC finally broke through overheard resistance on October 29th, but got back below the 20-day SMA on November 4th signaling a possible stage 4 decline.
However, the next day price closed back above the 20-day SMA indicating bullish price movement, so I added to my BTC futures contracts. The following day, November 6th, BTC put in a massive bullish engulfing bar and tagged an extreme-high RSI reading. I closed two of my future contracts for a nice gain and left the rest to run.
👉👉Listen, BTC and other crypto coins can run hot on extreme-high RSIs for a while during crypto bull runs.
👉👉There’s absolute no rush to sell any crypto stocks or coins here. Take some profits at extreme-highs, but let the rest run. I’ve had 400-500% returns. Crypto and the stock market can go higher than you can imagine!!
👉👉Don’t sell your whole bag or swing trades too early; don’t be that person. 👈👈
Trade Ideas This Week
Triple Leveraged Utilities play- UTSL Direxion’s Daily Utilities Bull 3X Shares
[See underlying index XLU chart below.]
Utilities XLU 0.00%↑ are back in stage 1 zone far above its 200-day SMA, nonetheless, this is a perfect Money Flow setup and there is confluence of the Money Flow indicators. The MACD histogram is ticking upwards, the TSI has curled, and price is above the 5-day EMA. Notice the RSI didn’t go extreme here; however if you take a look down the chart you’ll see that the RSI never goes extreme.
I like leverage so I’m looking to open a swing trade in UTSL 0.00%↑ which is a triple leveraged fund that tracks along the XLU. Utilities is one of the simplest trades and UTSL is probably my favorite leveraged fund to trade.
👉👉Trade ideas this week: UTSL, LLYX, OXY, LMT, ENVX, NAIL
👉👉B&B trade ideas: MRK, F, MDLZ, OXY, HSY, PEP, NKE, CVS, KHC
👉👉Crypto trade ideas: I haven’t trimmed any crypto plays yet!! 👈👈
👉👉Dividend ideas: PSEC, ECC, BIZD, ASGI
👉👉Top yielders I’m watching closely: AMDY, BABO, DIPS, FIAT, CRSH, YQQQ
👉👉Speculation plays: BARK, BORR, BNGO, PET, BTM
👉👉New tickers: LLYX, KDP, XPAY, YQQQ
Triple Leveraged Homebuilders play- NAIL Direxion’s Daily Homebuilders & Supplies Bull 3X Shares
[See underlying index XHB chart below.]
Similarly to utilities (XLU), homebuilders XHB 0.00%↑ are in a stage 1 accumulation zone with a possible stage 2 breakout underway. The MACD histogram is has flipped over to the bullish side and ticking upwards, the TSI has crossed, and price closed right below its 20-day SMA.
You know I like leverage so I’m looking to open a swing trade in NAIL 0.00%↑ which is a triple leveraged fund that tracks along the XHB. NAIL is one of the MFG Discord’s favorites trades.
Stay Up To Date 👇🌊
Let’s go, MFG!!!
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Always remember, whatever you think about comes about, whatever you focus on grows. - GP
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Amazing update, GP!! 🐐