MFG STATE OF THE MARKET 6-16-24
The markets were ripping this past week! There has been a noticeable shift in the markets from industrial and dividend stocks to technology stocks. The S&P 500 (SPY) and the Nasdaq (QQQ) hit new all-time highs again and are trading at extreme-high RSI readings. Use caution here
Bonds (TLT) are still in a stage 2 uptrend above its 200-day SMA. Gold (GLD) is in a stage 1 accumulation zone above its 200-day SMA. The Dow Jones (DIA) is also in a stage 1 accumulation zone. OIL (USO) is in a stage 2 breakout right above its 200-day SMA.
Bitcoin (BTC) is on the verge of breaking its near-term support level of $66,000. Be patient and stay in flow.
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Last week was an amazing week for the MFG portfolio! We saw nice pops in AAPL and ADBE. The MFG took some profits and are letting the rest of the positions run. I also trimmed down my leveraged positions in TQQQ and UPRO to lock in gains.
The MFG also took profits in WGMI and ENVX. I opened new swing trades in 2x leveraged oil GUSH and UCO and added to GILD.
View the FULL LENGTH of The Peters Report! CLICK HERE!
This week, I'm keeping a close eye on BTC, BCH, XLE, COP, WBA, CSCO, PFE, PEP, AGNC, ETRN, CELH, GUSH, ROKU, LYFT, SOFI, and WBD.
I'm looking to accumulate more shares of INTC, BMY, JNJ, OXY, SBUX, BXMT, REM, CART, ABNB, DASH, USA, and extreme-yield funds YBIT, IWMY, GDXY, KLIP, DISO, MSTY, OARK, MRNY, and XOMO.
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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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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 #1: THE 9 THOUGHTS ON GETTING RICH!!
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The Peters Report - Stock & Crypto Trader’s Resource
Trade ideas this week: AMZU, UCO, UDOW, AIR, GUSH, GILD, BMY
[See DNUT chart below.]
[See UCO chart below.]
[See UDOW chart below with support and resistance.]
Crypto trade ideas: CLSK, MARA, RIOT, BITX, CONL
Dividend ideas: OXY, COP, BXMT, JNJ, GILD, INTC, BMY, CSCO, USA
Top yielders I’m watching closely: YBIT, ULTY, IWMY, OARK, XOMO, and 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
Thanks for the update and homework! You are soo ,soo,appreciated for helping understand.
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