MFG STATE OF THE MARKET 5-19-24
The markets continued to climb higher this past week! The Dow Jones ($INDU) hit 40,000 and Bitcoin (BTC) hit $67,000. Most of the major indexes tracked by the MFG tagged previous highs and are trading at near or extreme-high RSI readings.
The Diamonds (DIA) continue to be the leading asset class of the Wind with the S&P 500 (SPY) and the Nasdaq (QQQ) right behind. A stage 2 breakout is underway in Gold (GLD) above its 200-day SMA.
A stage 2 breakout is also underway in BTC. Bonds (TLT) blew through its 200-day SMA and OIL (USO) is still in a stage 1 accumulation zone right above its 200-day SMA. Be patient and stay in flow
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Last week was another great week for the MFG portfolio! I've been a buyer of Bitcoin Cash (BCH) and letting my trades run. RDDT, ZIM, MPW, and WMT banged extreme-high RSI readings, but I didn't trim those positions.
I trimmed AIR, CELH, AAPL, FLNG, and UTSL. I rolled profits forward to INTC, AMD, SBUX, GUSH, SOFI, and LYFT.
View the FULL LENGTH of The Peters Report! CLICK HERE!
I'm following the markets closely here for potential setups.
This week, I'm watching and looking to add to CVS, BMY, INTC, SBUX, DNUT, GUSH, DASH, LYFT, UBER, ROKU, CLSK, CONL, SOFI, WBD, and extreme-yield funds USOI, USOY, CONY, TSLY, and FBY.
Always remain bullish and follow The Money Flow.
The Peters Report - Stock & Crypto Trader’s Resource
-GP a.k.a Fullauto11
NEW ANNOUNCEMENT!!
My newest e-book, The Bread-And-Butter Trading System will be available for sale soon!! I’m not sure where that term came from, but bread and butter are staple American foods.
This strategy became my staple food- my go to strategy to add “alpha” to my buy and hold stock dividend portfolio. It literally became my bread-and-butter trading method.
Stay tuned for the release date and be among the first to get your copy. Don't miss out on this opportunity to step up your buy and hold portfolios and advance your trading skills.
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MFG HW ASSIGNMENT!! 3 PARTS!!
THIS WEEK'S HOMEWORK VIDEO #1: LEARN TO LEVERAGE YOURSELF!!
This week’s video is about leveraging your time, talent, and treasure.
THIS WEEK'S HOMEWORK VIDEO #2: FRIDAY’S LIVE CHART CLASS
This is a live chart class breaking down charts and The Wind.
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The Peters Report - Stock & Crypto Trader’s Resource
Trade ideas this week: SOFI, GUSH, CONL, CLSK, LYFT, DNUT, CVS
[See GUSH chart above]
Crypto trade ideas: WGMI, CLSK, MARA, RIOT, BITX,
Swing trades of the week- AIR stage 3, WGMI stage 2, AI stage 2, JNJ stage 2, CELH stage 3, GILD stage 2, BMY stage 1
Top yielders I’m watching closely: USOI, USOY, TSLY, CONY, FBY, GDXY
View the FULL LENGTH of The Peters Report! CLICK HERE
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
NEW to trading and investing in stocks? Want a crash course? 12 videos and a 50 page manual- Getting Started with Stock Charts- The Money Flow Way: The Swing & Position Trading and Investment Blueprint. CLICK HERE
Thank you!! 🙏
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