MFG STATE OF THE MARKET 5-26-24
The markets continued to climb a bit higher this past week, but now the markets are starting to move sideways and consolidate. The Nasdaq (QQQ) was the best performing asset class of the Wind with the S&P 500 (SPY) right behind.
A stage 2 uptrend is still underway in Bitcoin (BTC). OIL (USO) is also in a stage 2 breakout right above its 200-day SMA. The Diamonds (DIA) has entered a stage 4 decline along with Bonds (TLT), which is back below its 200-day SMA.
Gold (GLD) is also entering a possible stage 4 decline. Be patient and stay in flow.
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Last week was a pretty boring week for the MFG portfolio. That's okay; sometimes the best move in the market is to do nothing- just watch.
I haven’t put out much in the way of trades lately, honestly I’m concerned about market liquidity. The MFG has plenty of open trades right now. I'm letting things pan out while we see how things play out.
View the FULL LENGTH of The Peters Report! CLICK HERE!
I'm watching the markets closely here for potential setups.
This week, I'm watching and looking to add to BMY, SBUX, INTC, CVS, NUE, DNUT, TSLR/TSLL, GUSH, ARKK, SOFI, ADBE, LYFT, UBER, DASH, and extreme-yield funds AIYY and GDXY.
Always remain bullish and follow The Money Flow.
***P.S. I’m hosting a Swing Trading Webinar Saturday June 1st at 10am CST on Zoom, Reserve Your Spot Today! CLICK HERE!!
“Mastering Swing Trading – the Money Flow Way” LAST CHANCE!! Sale ends Friday, May 31st at Midnight.***
The Peters Report - Stock & Crypto Trader’s Resource
-GP a.k.a Fullauto11
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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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THIS WEEK'S HOMEWORK VIDEO: THE ART OF MONEY GETTING!!
This week’s video is a classic. P.T. Barnum was a very rich man who became famous for his circus. Interesting man and amazing entrepreneur.
LISTEN TO THE NEW EPISODE OF MASTERING THE TRADE: CONCEPTS IN TRADING
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The Peters Report - Stock & Crypto Trader’s Resource
Trade ideas this week: TSLR, DASH, ADBE, GUSH
[See DASH chart above]
Crypto trade ideas: WGMI, CLSK, MARA, RIOT, BITX, CONL
Swing trades of the week- AIR stage 4, WGMI stage 2, AI possible stage 4, JNJ stage 4, CELH stage 4, GILD stage 4, BMY stage 4, CONL stage 2
Top yielders I’m watching closely: GDXY, AIYY
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
Yes yes yes!!! Homework tonight thanks gp!
Thank you GP