MFG STATE OF THE MARKET 4-28-24
Gold (GLD) and OIL (USO) continue to be the leading asset classes of the 7 indexes tracked by the MFG and holding their strong stage 3 consolidation zones. We have stage 1 accumulation zones across all major indexes in the S&P 500 (SPY), the Nasdaq (QQQ), the Diamonds (DIA), and Bitcoin (BTC).
Bonds (TLT) are forming a possible stage 1 zone and trading below its 200-day SMA. This has been an exciting week and I'm watching my 2x leveraged bonds trade in TMF closely here for a possible add. Be patient and stay in flow.
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Last week was another great week for the MFG portfolio! GOOG exploded after it delivered its 1st quarter earnings and announced its first-ever dividend! SNAP also popped after its 1st quarter earnings and hit true value. The current MFG trade of week AIR hit its first target.
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I added to my futures contracts and all of my leveraged positions across the major indexes in TQQQ, UPRO, UDOW, TMF, and BITX. I established a swing trade in AI. I also called an audible on GILD and added to my BnB trade with my SNAP profits.
This week, real estate (XLRE) is back in play. I plan to open a swing trade in DRN and add to other REITs (AGNC, DLR, BXMT, REM, MFA). We have stage 1s across all major indexes and many opportunities in the market right now. I plan to watch and look to add to GILD, CVS, IBM, INTC, BMY, DNUT, ARKK, ROKU, META, MBLY, BXMT, REM, USA, GLV, TMF, AAPB, ROKU, AI, and extreme-yield funds JEPY, QQQY, IWMY, AMDY, AIYY, OARK, ULTY, and YBIT.
Always remain bullish and follow The Money Flow.
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-GP a.k.a Fullauto11
THIS WEEK'S HOMEWORK VIDEO: THE ALGEBRA OF WEALTH
This week’s video is about the algebra of wealth and getting RICH! I hope it helps.
Formula: Focus + Stoicism x Time x Diversification = ALGEBRA OF WEALTH
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Trade ideas this week: TMF, BITX, JNJ BnB trade, AI, DRN, GILD
[See DRN chart above: 3x leveraged real estate play on XLRE]
Crypto trade ideas: WGMI, CLSK, MARA, RIOT, BITX
Swing trades of the week- AIR STAGE 2, WGMI stage 2, AI stage 1
Top yielders I’m watching closely: BMY, PFE, JNJ, IBM, CONY, AIYY
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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
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Thanks for the AIR trade GP. Made me some money. Keeping an eye on HD this week
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