MFG STATE OF THE MARKET 12-8-24
The markets were on fire again last week!! All three of the major indexes tagged new all-time highs. The Nasdaq (QQQ) was the best performing asset class of The Wind with the S&P 500 (SPY) right behind. Both assets are trading at near or extreme-high RSI readings.
Bitcoin (BTC) made history last week and broke $100K!! It’s still holding its solid stage 3 consolidation zone. You never know when a stage 3 will become a stage 1 so always be ready to execute. The Diamonds (DIA) is in a stage 3 zone looking like it may rollover.
Bonds (TLT) are in a beautiful stage 2 uptrend above its 200-day SMA. Gold (GLD) is in a stage 1 accumulation zone above its 200-day SMA, while Oil (USO) is also in stage 1, but below its 200-day SMA. I’m watching oil and gold closely this week for trade setups.
Consumer Discretionary (XLY) was the best performing sector of the S&P 500 (SPY), while Energy (XLE) was the worst. Be patient and stay in flow.
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Last week was another lucrative one for the MFG portfolio!!
I collected thousands of dollars in dividends and closed half of my Runner-up Trade of The Week BARK for a big gain. I’m holding futures contracts in SLV, SHIBA, BTC, DOGE, and GLD on Coinbase.
View the FULL LENGTH of The Peters Report! CLICK HERE!
This week, I’m keeping a close eye on USO, XLE, XLI, XLB, AMGN, MRK, DOW, JNJ, CPB, DNUT, MSTR, BUD, INTC, F, LMT, UBER, LYFT, FCX, OXY, MRNA, NVDA, MSTX, BORR, and extreme-yield funds DIPS and CRSH.
I’m looking to accumulate shares of CUBE, KHC, KDP, HRB, CMCSA, ZIM, ABNB, RTX, SOXL, AGQ, CLSK, BCAT, ECC, GLV, PSEC, FIS, PNNT, MFA, and extreme-yield funds ABNY, AMDY, BABO, SOXY, GDXY, ULTY, BIGY, SPYT, and USOY.
-GP a.k.a Fullauto11 🧙🐼
The Peters Report - Stock & Crypto Trader’s Resource
Always remain bullish and follow The Money Flow.
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MFG HOMEWORK ASSIGNMENT!! 2 PARTS
THIS WEEK’S HW VIDEO #1: ARE YOU COLLECTING MONTHLY DIVIDENDS?! WHAT ABOUT WEEKLY?! I’VE BEEN BUILDING A PASSIVE SECOND INCOME STREAM IN THE STOCK MARKET!!
THIS WEEK'S HW VIDEO #2: BITCOIN BLEW PAST $100,000!‼️I REALLY HOPE YOU OWN SOME!! I’VE ONLY BEEN TELLING YOU FOR THE LAST 3 YEARS!!
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The Peters Report - Stock & Crypto Trader’s Resource
🚨BIG ANNOUNCEMENT THIS WEEK!!‼️
The annual reconstitution, or rebalancing, of the Nasdaq-100 index QQQ 0.00%↑ is scheduled to be announced on Friday, Dec. 13, with changes to take place on Dec. 20.👈
[Below are the top companies by market cap who have the chance to be inducted into the QQQ.]👇
I’ve been watching MicroStrategy MSTR 0.00%↑ very closely here on the daily and lower timeframes for precise entries. I’m bullish on MSTR getting added to the QQQ. I’m in a swing trade in MSTX and a monthly income play in MSTY. I recently released an article on my 3 ways to play the MSTR trade.👇
Bitcoin (BTC) is still holding its solid stage 3 consolidation zone.
Price is above the 5-day EMA, the TSI is about to cross, the MACD histogram is ticking upwards, and the moving averages are in numerical alignment. We could possibly see this stage 3 turn into a stage 1 and breakout again.
👉👉I haven’t trimmed any of my crypto stocks or coins here.👈👈
👉👉BTC and other crypto coins can run hot on extreme-high RSIs for a while during crypto bull runs. There has been parabolic movement. Let your positions run.
👉👉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!!
👉I HAVE NOT TRIMMED ANY OF MY COINS. 👇
👉I’ve been trading GLD, SLV, BTC, SHIBA, and DOGE future contracts on Coinbase.👈
Ripple (XRP) has gone parabolic!! 💥💥
XRP has gone PARABOLIC!! I’m riding the wave here.🏄🌊
👉I haven’t trimmed any coins yet. I believe this coin is going much higher. 👈👈
👉I’ve been dropping down to the lower timeframes to drip add to my coins.👈👈
Trade Ideas This Week
3X Leveraged Semiconductors Trade (SOXL)
[See SOXL chart below.]
SOXL 0.00%↑ is a 3x leveraged play on semiconductors. The underlying ticker is the iShares Semiconductor ETF SOXX 0.00%↑ . You also want to check the Nasdaq QQQ 0.00%↑ to make sure The Wind is in your favor, which it is. SOXL is in a stage 1 accumulation zone with a possible stage 2 breakout underway . I’m looking to open a swing trade this week.
👉👉Trade ideas this week: GGLL, UBRL, MSTX, RTX, FCX, BABX, SOXL, AGQ, KDP, TREE, CURE, MRK, AMDL, ABNB, HRB, ABBV, ENVX
👉👉B&B trade ideas: COP, OXY, KO, DG, DOW, NUE, PFE, DNUT, AMGN, MRK, PEP, KHC, HSY
👉👉Crypto trade ideas: I haven’t trimmed any crypto plays yet!! 👈👈
👉👉Dividend ideas: CMCSA, CUBE, ZIM, PNNT, HSY, MFA, MPW
👉👉Top yielders I’m watching closely: PSEC, GIAX, CEPI, BABO
👉👉Speculation plays: BORR (wait for a setup), ENVX, MSTX
👉👉New tickers: HRB, TREE
GP’s Whiteboard Homework🐼
🚨SUPER IMPORTANT!!‼️👇
I do my Sunday homework every weekend. Sometimes it takes me hours to complete it. I thoroughly enjoy following the markets, checking my charts, counting my dividends, scanning my portfolios, and tracking my trades.
👉I can’t stress the importance of doing your Sunday homework enough. This is at the cornerstone of your success as a trader and an investor.
👉I highly encourage you to follow my format— The Money Flow way.👇
Trade Ideas This Week
AbbVie, Inc. (ABBV)
[See ABBV chart below.]
AbbVie, Inc. ABBV 0.00%↑ is in a stage 1 accumulation zone. Price attempted to breakout, but came back into the box. This gives me another chance to add to the trade.
Stay Up To Date 👇🌊
Let’s go, MFG!!! You have three weeks left in 2024!!
To achieve the results that the top 5% of people in the world achieve, you must be willing to do what 95% of others won’t. 👈👈
Trading requires you to be disciplined and study the markets everyday. 👈👈
Let’s get a little bit richer everyday together. I appreciate you and believe in you. 🐼🐼
IMPORTANT RESOURCES CRITICAL TO YOUR SUCCESS AS A MONEY FLOW TRADER!!👇👇👇
A Step-By-Step Guide to Complete Your Sunday Homework CLICK HERE!!
GP’s Video of Doing Your Sunday Homework The Money Flow Way CLICK HERE!!
Get Access to GP’s “MFG Trade Ideas of The Week” Chart Pack CLICK HERE!!
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As always, MFG- do your fucking homework! If you need help with getting started on your homework watch this video above and read my latest article about my step by step guide to completing your Money Flow Playbook! No more excuses!!
Always remember, whatever you think about comes about, whatever you focus on grows. - GP
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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LFG 🚀
Still working on my homework 🤘