MFG STATE OF THE MARKET 7-7-24
The markets are on fire; this is why is always say to stay bullish! The Nasdaq (QQQ) and the S&P 500 (SPY) hit new all-time highs again and are trading at extreme-high RSI readings. Use caution here, lock in gains, and let winners run.
Oil (USO) is still in a steady uptrend above its 200-day SMA. A stage 2 breakout is underway in Gold (GLD) and Precious Metals.
The Dow Jones (DIA) is still in a stage 2 uptrend. The breakout in Bonds (TLT) is regaining its momentum right above its 200-day SMA.
Bitcoin (BTC) is in a stage 4 decline below its 200-day SMA. Momentum on the weekly timeframe is still to the downside. Be patient and stay in flow.
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Last week was another awesome week for the MFG portfolio!
We saw beautiful moves in TSLA, AAPL, GOOG, ADBE, and RDDT.
I trimmed down my 2x leveraged TSLA swing trade TSLR to half a position and rolled profits forward into a new swing trade in FCX.
View the FULL LENGTH of The Peters Report! CLICK HERE!
This week, I’m keeping a close eye on BTC, BCH, XLU/UTSL, WBA, DOW, NKE, SBUX, HAS, ETRN, CLSK, CONL, BITX, and extreme-yield funds CRSH, YBIT, BITO, CONY, and MSTY.
I’m looking to accumulate more shares of MCD, PEP, HSY, KHC, MPW, CSCO and INTC on any weakness, JNJ, BMY, DNUT, WBD, LYFT, SOFI, and extreme-yield funds ABNY, AIYY, ULTY, KLIP, and MRNY.
Now is the time to trim any runaway big-cap tech stocks like TSLA, GOOG, META, ADBE, and AAPL. Lock in profits and let the rest of the positions run.
Grab a free copy of Gerald’s life-changing 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.
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MFG HW ASSIGNMENT!! 2 PARTS!!
THIS WEEK'S HOMEWORK VIDEO #1: THE EVOLUTION OF A TRADER
This week’s first video is about the 4 stages of price movement and defining your trading edge.
THIS WEEK'S HOMEWORK VIDEO #2: IS TSLA TOPPING OUT?!
This week’s second video is last Friday’s chart class.
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The Peters Report - Stock & Crypto Trader’s Resource
Trade ideas this week: AI, ALT, CELH, DASH, DNUT, GUSH, UBER, SOFI, UTSL
BnB trade ideas: CSCO, KHC, MCD, and JNJ
[See MCD BnB trade chart below with 200-day SMA target.]
Crypto trade ideas: CLSK, MARA, RIOT, BITX, CONL
Dividend ideas: KLIP, BMY, JNJ, ALB, HSY, KHC, PEP, NUE, MCD
Top yielders I’m watching closely: ABNY, BITO, CONY, YBIT, MSTY, ULTY, KLIP
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
hell yeah
🙌🏻🙌🏻🙌🏻🙌🏻