MFG STATE OF THE MARKET 6-30-24
The S&P 500 (SPY) continues to lead the Wind with the Nasdaq (QQQ) right behind. Price moved a bit sideways for both of these assets which are no longer trading at extreme-high RSI readings.
Oil (USO) continues to climb higher and trade above its 200-day SMA. The Dow Jones (DIA) is still in a stage 2 uptrend and Gold (GLD) is still in a stage 1 accumulation zone.
Bitcoin (BTC) and Bitcoin Cash (BCH) are back in stage 1 accumulation zones. I just bought 29 July futures contracts on BTC on the Coinbase futures exchange platform.
Bonds (TLT) looks to be rolling over into a possible stage 4 decline.
We saw a nice move into Regional Banking stocks (KRE) and the Russell 2000 (IWM) outperformed the SPY and the QQQ last week. Be patient and stay in flow.
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Last week was another great week for the MFG portfolio. I collected a lot of dividends and further increased my annual income to $63,000 in my margin account.
We saw beautiful moves in T, TSLA, ROKU, and ENVX.
I opened a swing trade in FCX and a B&B trade in MCD. I also started a position in BXMTand added to SOFI.
View the FULL LENGTH of The Peters Report! CLICK HERE!
This week, I’m keeping a close eye on TLT, MPW, KLG, NKE, DOW, WBA, DNUT, KHC, and extreme-yield funds MRNY and KLIP (KWEB).
I’m looking to accumulate more shares of INTC, MCD, JNJ, FCX, PFE, HAS, HBI, SOLV, WBD, O, K, ED, TREE, SOFI, KRE/DPST, UAN, FE, BITX, CONL, CLSK, LYFT, BORR, ALT, and extreme-yield funds BITO, YBIT, CONY, ULTY, JPMO, GDXY, and AIYY.
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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
Looking for a group of likeminded people to trade with? Text alerts and the MFG Discord. Text GP 1-936-661-7786 or email GP fullauto11@gmail.com to join.
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!! 4 PARTS!!
THIS WEEK'S HOMEWORK VIDEO #1: OPPORTUNITY IS ALL AROUND YOU!! STAY OPEN!!
This week’s first video is a blueprint on how to think and see opportunity. It’s a philosophy and foundation to live by.
THIS WEEK'S HOMEWORK VIDEO #2: HELP!! I’M 40 (OR WHATEVER AGE) AND BROKE!!
This week’s second video is about taking charge and stop being broke TODAY! TAKE ABSOLUTE PERSONAL RESPONSIBILITY!
There are just 4 things you need to do:
Accept responsibility for your future. Refuse to complain, criticize, or blame others. If you want me to help you achieve your goals, then trust and follow my advice. Stop doubting it and have faith.
Set realistic expectations and know that 10-12% is a high rate of return. If you get a 12% return, you can get rich by doubling your money every 6 years.
Understand how the rich build and create wealth. There's no more excuses, you cannot afford to be ignorant anymore. You must pay yourself first, get your buckets right, and prioritize your financial education.
Recognize that your net investable income (the amount of cash you have left after spending and saving) is the most important factor in determining how quickly you will become wealthy.
THIS WEEK'S HOMEWORK PART #3: BE AWARE:
June employment data is being released this week.
FOMC meeting notes will be released.
Holiday week- Stock market is closed Thursday, July 4th.
THIS WEEK’S HOMEWORK PART #4: NETWORTH CALC TIME!!
July monthly networth calculation
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The Peters Report - Stock & Crypto Trader’s Resource
Trade ideas this week: BITX , CONL, CLSK, KRE/DPST, FCX, MCD, SOFI, LYFT, INTC
Watching CELH for a possible stage 1 entry.
[See CELH chart below with anchor point and targets.]
Crypto trade ideas: CLSK, MARA, RIOT, BITX, CONL
Dividend ideas: O, INTC, UAN, KHC, PEP, NUE, MCD
[See O chart below with its demand zone.]
Top yielders I’m watching closely: SNOY, ABNY, BITO, CONY, AIYY, YBIT, JPMO, ULTY, GDXY
Get access to my “MFG Trade Ideas of The Week” chart pack CLICK HERE!!
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
Pushing it forward every day. Thank you GP!
🐐🐐🐐