The Peters Report 6-9-24

The Sunday Edition of the Money Flow Newsletter

MFG STATE OF THE MARKET 6-9-24

The markets were on fire this past week with the S&P 500 (SPY) and the Nasdaq (QQQ) hitting new all-time highs! Bitcoin (BTC) is still trading in its wide stage 3 consolidation zone and Bitcoin Cash (BCH) is back in a stage 1 accumulation zone.

Bonds (TLT) are in a stage 2 uptrend right above its 200-day SMA. The Diamonds (DIA) are in a stage 1 accumulation zone. OIL (USO) is forming a possible stage 1 zone right below its 200-day SMA.

Gold (GLD) looks to be rolling over into a possible stage 4 decline. Be patient and stay in flow.

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Last week was an awesome week for the MFG portfolio! I had two of my most profitable day trading days of the year trading TQQQ, UBER, and GME. I made a lot of money between day trading and collecting juicy dividends.

The MFG took profits in AAPL, AI, and GOOX. We have many trades open that I'm watching closely here for any potential trims or weakness to add.

View the FULL LENGTH of The Peters Report! CLICK HERE!

Last week, I closed GUSH for a loss. Taking losses is the key to losing. I also added to TSLR, JEPY, QQQY, and opened new trades in ADBE, PZZA, AMZU, and GME. This week, I'm keeping a close eye on GLD, USO, IWM, GUSH, UCO, CSCO, CRM, KLIP, and GDXY.

I'm looking to accumulate more shares of JNJ, BXMT, DNUT, INTC, GILD, BMY, ROKU, SOFI, ADBE, LYFT, REM, USA, and extreme-yield funds USOI/USOY, YBIT, ULTY, IWMY, AMZY, and OARK.

Grab a free copy of Gerald’s ebook You Don’t Have To Die Broke! CLICK HERE!

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.

Follow the MFG Substack to receive an exclusive discount and be notified as soon as the ebook is available!

MFG HW ASSIGNMENT!! 3 PARTS!!

• THIS WEEK'S HOMEWORK VIDEO #1: GET YOUR BUCKETS RIGHT!!

This week’s first video is on becoming a Millionaire in 8 Years Philosophy and The Buckets System Explanation, which is at the core of becoming an astute investor and trader.

• THIS WEEK'S HOMEWORK VIDEO #2: How The Federal Reserve + Interest Rates Impact The Stock Market

This week’s second video is about understanding how The Fed and interest rates impact stock market movement.

• THIS WEEK'S HOMEWORK part #3: Be aware that there is a Federal Open Market Committee (FOMC) meeting this week!

  • The Fed will decide whether to keep federal fund rates the same or start lowering them.

Help Support the Newsletter!

Buy a signed physical copy of both Gerald’s books for only $87! $127 for international. Consider purchasing a copy for a friend and spreading the wealth.

Looking for a group of likeminded people to trade with? Text alerts and the MFG Discord. Text GP 1-936-661-7786 to join.

Donations: Cashapp: $fullauto11 Venmo: @fullauto11

The Peters Report - Stock & Crypto Trader’s Resource

Trade ideas this week: GUSH, UCO, LYFT, PZZA, DASH, ROKU, ADBE, INTC, BMY, DNUT

OIL (USO/XLE) is possibly forming a stage 1 and back in play this week. I’m watching for a reentry into GUSH, 2x leveraged crude oil UCO, and add to dividend plays OXY and USOI/USOY.

[See 2x leveraged BRENT Crude Oil play- UCO chart below with anchor point and targets.]

Crypto trade ideas: WGMI, CLSK, MARA, RIOT, BITX, CONL

Dividend ideas: OXY, BXMT, JNJ, GILD, INTC, DNUT, BMY, CSCO, USA

Top yielders I’m watching closely: USOI/USOY, YBIT, ULTY, IWMY, OARK, AMZY, and GDXY

DOJI BAR (JESUS CROSS) EXPLAINED

A doji bar is a type of candlestick on a stock chart that looks like a plus sign (+) or a cross. It happens when the stock's opening price and closing price are almost the same.

This means the stock didn't move much up or down during that time period. It's important to know that a doji bar suggests that buyers and sellers are in an agreement of price.

This can mean that the current trend might be losing strength, and a change could be coming.

Let’s take a look at this CART chart below. Friday, May 31st we saw a doji, then again on Wednesday June, 5th. Then, price broke out the next day on Thursday, June 6th. Two dojis in a stage 1 box usually indicates price is turning.

[See CART chart above with 2 dojis bars.]

A doji bar in trading is a candlestick pattern that indicates indecision in the market. It forms when a stock's opening and closing prices are very close to each other, resulting in a small body.

This pattern suggests that buyers and sellers are balanced, and it can signal a potential reversal or continuation in the market trend, depending on the context of the surrounding price action. 

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