MFG STATE OF THE MARKET 5-5-24
We saw a nice turnaround in the markets last week after the Fed announced interest rates would remain unchanged. The Nasdaq (QQQ), the S&P 500 (SPY), the Diamonds (DIA), and Bonds (TLT) have all broken out. We also have a stage 2 breakout underway in Bitcoin (BTC).
Gold (GLD) looks to be rolling over into a possible stage 4 decline. OIL (USO) has entered a stage 4 decline and is trading right above its 200-day SMA at a near extreme-low RSI reading. Be patient and stay in flow.
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Last week was another great week for the MFG portfolio! We saw beautiful moves in SNAP, AIR, ENVX, AMGN, and AAPX! My 2x leveraged AAPL trade AAPX hit its first target.
I collected a lot of dividends, but this upcoming week will be even more lucrative. I hope you're increasing your dividend income everyday. This week, I'm planning to trim ENVX, AAPX, and UTSL to roll into a new swing trade in CELH.
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We have stage 2s across all major indexes and many opportunities in the market right now. I'm stalking SBUX, CVS, DASH, INTC, VZ, HBI, and SOFI.
I plan to look to add to JNJ, CSCO, WBA, BMY, DNUT, CRM, UBER, META, MBLY, BXMT, FBL, CLSK, CONL, ROKU, and extreme-yield funds FBY, MSTY, BITO, AMDY, NFLY, and YBIT.
Always remain bullish and follow The Money Flow.
The Peters Report - Stock & Crypto Trader’s Resource
-GP a.k.a Fullauto11
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Trade ideas this week: CELH, CLDL, AI, DRN, DPST, NVDL
[See CELH chart above]
Crypto trade ideas: WGMI, CLSK, MARA, RIOT, BITX
Swing trades of the week- AIR stage 3, WGMI stage 1, AI stage 2, JNJ stage 2
Top yielders I’m watching closely: AMDY, CEFD, WBA, USOI, YBIT, MSTY, YMAG, XOMO, PYPY
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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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AAPB was great last week
Lots of great trade ideas.