The Peters Report 12-22-24
The Sunday Edition of the Money Flow Newsletter
MFG STATE OF THE MARKET 12-22-24
The markets had a wild ride last week!! After a sharp sell-off on Wednesday, they rebounded strongly by Friday, with all three major indexes climbing higher and all 11 sectors of the S&P 500 (SPY) closing in the green.
As always, the stock market keeps us on our toes. This week will be crucial in determining whether the recent sell-off is truly behind us.
The Nasdaq (QQQ) is the leading asset class of The Wind. Bitcoin (BTC) is still holding its stage 3 box, but may be rolling over here. If price breaks support at $92,500, a stage 4 decline is underway.
Oil (USO) is still in a stage 2 uptrend in the channel it’s been in below its 200-day SMA. Gold (GLD) is in a stage 1 accumulation zone with a possible stage 4 decline underway. Bonds (TLT) entered a stage 4 decline below its 200-day SMA.
Technology (XLK) was the best performing sector of the S&P 500 (SPY), while Energy (XLE) was the worst. Be patient and stay in flow.
Grab a free copy of Gerald’s life-changing ebook “You Don’t Have To Die Broke!” CLICK HERE!
Last week was another awesome week for the MFG portfolio!! I collected more weekly dividends and was green all week day trading despite the sell-off. I trimmed SOFI to lock in some gains and cut CVS in half to push funds into better plays.
I added to TREE and BORR and many blue-chip, dividend consumer staples (XLP) and healthcare (XLV) stocks.
View the FULL LENGTH of The Peters Report! CLICK HERE!
This week, I’m keeping a close eye on BTC, DIA, TLT, XLE, XLB, XLV, XLP, XLI, XLRE, XLU, AMGN, CVX, DOW, JNJ, MRK, VZ, AMD, SBUX, XOM, COP, OXY, SLB, CMCSA, KHC, DNUT, CPB, PEP, TGT, MO, NUE, X, FCX, CSX, FE, UAN, ZIM, HAS, CUBE, VTR, O, MFA, MPW, F, UBER, LYFT, CLSK, WGMI, AMDL, UBRL, ADBE, AGQ, PFF, AMDY, XOMO, and BABO.
I’m looking to accumulate shares of AGNC, DG, KSS, KO, KDP, O, ED, FE, LMT, NVDL, BORR, SOXL, ABBV, CART, SNAP, RTX, USA, GLV, XDTE, RDTE, IWMY, XOMO, BABO, CRSH, NVDY, SOXY, XPAY, GIAX, ECC, EIC, PSEC, CLM, and CRF
-GP a.k.a Fullauto11 🧙🐼
The Peters Report - Stock & Crypto Trader’s Resource
Always remain bullish and follow The Money Flow.
👉JOIN THE MFG DISCORD!!
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.
👉GAIN EXCLUSIVE ACCESS TO GP’S TRADE OF THE WEEK!!👇
Unlock exclusive insights and advanced strategies by becoming a paid subscriber to The Peters Report. Stay one step ahead of the market with in-depth analysis and actionable tips designed to help you succeed as a trader and investor. Support the work that keeps you informed and ahead of the curve.
MFG HOMEWORK ASSIGNMENT!! 2 PARTS
Help Support the Newsletter!
👉👉Buy a signed physical copy of both Gerald’s books for only $87! $127 for international. Consider purchasing a copy for a friend and spreading the wealth.
👉👉Looking for a group of likeminded people to trade with? Text alerts and the MFG Discord. Text GP 1-936-661-7786 to join.
The Peters Report - Stock & Crypto Trader’s Resource
The Fed’s Decision on Interest Rates
The Federal Reserve lowered interest rates for the third time this year. They predicted fewer rate cuts in 2025 due to possible increasing inflation. The markets sold off last Wednesday on the news. The Russell 2000 Index (IWM) also entered a stage 4 decline.
The Russell 2000 IWM 0.00%↑ went into a stage 4 decline. Price may have dropped a possible anchor point here. The RSI went extreme signaling a potential reversal here. Price is not above the 5-day EMA yet, but the MACD histogram has gone flat indicating the momentum to the downside has stopped. I’m watching price closely here to add to one of my favorite extreme-yield funds IWMY 0.00%↑ and a newer fund to my portfolio, RDTE 0.00%↑ .