MFG STATE OF THE MARKET 9-22-24
The markets experienced volatility this past week following a 0.5% interest rate cut by the Federal Reserve, yet they remained strong overall! The S&P 500 (SPY) and the Dow Jones (DIA) reached new all-time highs.
Gold (GLD) also reached another new all-time high and is currently the leading asset class of The Wind. The Nasdaq (QQQ) is still in a stage 2 uptrend, but closed with a doji on Friday.
Bitcoin (BTC) has been in a stage 2 uptrend and tagged its 200-day SMA. Oil (USO) is in a stage 2 breakout right below its 200-day SMA. Bonds (TLT) have been trading in an upward-sloping channel and are entering a possible stage 4 decline. We will know more this week.
Along with Gold (GLD), Copper (CPER) climbed higher and is now trading above its 200-day SMA.
The Russell 2000 (IWM) is in a stage 2 uptrend and outperformed the three major indexes— DIA, SPY, and QQQ. Energy (XLE) was the best performing sector, while Real Estate (XLRE) was the worst. Be patient and stay in flow.
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Last week was an awesome one for the MFG portfolio!!
My account balances grew, my monthly dividends increased, and I was profitable day trading. I live for the stock market; the main reason I wake up is to trade stocks.
We saw beautiful moves in NKE, DAL, PZZA, META, BX, CART, and ROKU.
I didn’t make many moves, but I added to an oil speculation play BORR.
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This week, I’m keeping a close eye on TLT, ADBE, FDX, GUT, WBA, HSY, MO, MRNA, PFE, BMY, CELH, BA, and RIVN.
I’m looking to accumulate shares of CVS, OXY, UPS, DOW, DG, NUE, ECC, SNOW, BORR, NVDX, ETSY, CLSK, CONL, WGMI, ELF, and extreme-yield funds SNOY, CONY, NVDY, JPMO, BITO, QQQY, and ULTY.
-GP a.k.a Fullauto11 🧙🐼
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Always remain bullish and follow The Money Flow.
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MFG HOMEWORK ASSIGNMENT!! 2 PARTS!!
THIS WEEK’S HW VIDEO 1: THE 10 PILLARS OF SUCCESS & PUSHING YOUR INTENT INTO THE UNIVERSE
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We have a stage 2 breakout underway in Oil (USO) and oil stocks (XLE).
Last week, I opened a trade in OILU 0.00%↑ , a 3x leveraged oil & gas exploration & production ETN. I also added to buy and hold positions OXY 0.00%↑ and CVX 0.00%↑ , extreme-yield fund USOY, and an oil speculation play BORR 0.00%↑.
[See OILU chart below for target zones.]
OILU 0.00%↑ is in a stage 2 breakout. Time to let the trade ride and hit its target zones. Let’s see if oil (USO) can break through its 200-day SMA here.
👉👉Trade ideas this week: ETSY, ELF, SNOW, NVDX, CLSK, WGMI, CONL
👉👉B&B trade ideas: CVS, NUE, OXY
👉👉Crypto trade ideas: CLSK, MARA, WGMI, CONL
👉👉Dividend ideas: ECC, GUT, UAN
👉👉Top yielders I’m watching closely: SNOY, CONY, JPMO, QQQY, NVDY, ULTY
👉👉New tickers: RIG, SLB
[See trade idea OXY chart below.]
OXY 0.00%↑ is currently lagging behind other oil stocks (XLE) and in a stage 1 accumulation zone here below its 200-day SMA. This poises a great opportunity to keep building a buy and hold position, put on a B&B trade, or a position trade.
Gold's Surge: Navigating a World of Rate Cuts and Rising Risks 🌊🌊🌊
Historically, gold (GLD) has been a go-to asset for preserving capital in turbulent times, attracting investors who seek stability.
As an asset class, gold represents a store of value, offering a hedge against inflation and currency devaluation.
Its inherent value and limited supply contribute to its standing as a reliable investment during both stable and unstable economic periods.
GLD 0.00%↑ is thriving right now due to several interrelated factors that highlight its role as a safe haven and a hedge against economic uncertainties.
Key influences for Gold’s robust performance include 👇👇👇:
Monetary Policy and Interest Rates: The anticipation of rate cuts by the Federal Reserve has historically supported gold prices. Lower interest rates reduce the opportunity cost of holding non-yielding assets like gold, making it more attractive.
Geopolitical Tensions: Ongoing geopolitical risks, including issues like the Russia-Ukraine conflict and tensions in the Middle East, enhance gold's appeal as a secure asset during times of global instability. These factors drive investors towards gold, seeking a refuge against potential losses in other markets.
Inflation Concerns: With rising inflation, gold is seen as a critical hedge. As inflation erodes the value of paper currencies, gold typically retains its value, making it a preferred choice for preserving capital.
Robust Demand and Supply Constraints: There is strong demand for gold from emerging market central banks and constrained supply issues, as mining costs have increased and new gold deposits become harder to find.
Overall, these factors combine to reinforce gold's position as a leading asset class in the current economic climate, offering both security and potential for appreciation amidst broader market volatility.
Let’s go, MFG!! Let’s get a little bit richer everyday together. I appreciate you and believe in you. 🐼🐼🐼
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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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Another fantastic newsletter 🔥🔥 thank you GP & Jess 🙏🏼
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