MFG STATE OF THE MARKET 9-29-24
The markets steadily climbed higher last week. Gold GLD 0.00%↑ , the Dow Jones DIA 0.00%↑ , and the S&P 500 SPY 0.00%↑ reached new record highs. The major 3 indexes the Nasdaq QQQ 0.00%↑ , SPY, and DIA each closed for a gain.
Bitcoin (BTC) has been in a stage 2 uptrend. It finally broke through its 200-day SMA and resistance. Let’s see if BTC hits its target of $68,000.
Oil USO 0.00%↑ is back in a stage 1 accumulation zone below its 200-day SMA, while a possible stage 2 is underway in oil stocks XLE 0.00%↑ .
A possible stage 4 may be underway in Bonds TLT 0.00%↑, but price recently put in a doji bar indicating a possible reversal.
Copper CPER 0.00%↑ exploded higher due to benefiting from the massive China stimulus package and we saw Freeport McMoran FCX 0.00%↑ blow through its 200-day SMA and bang an extreme-high RSI reading. Be patient and stay in flow.
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Last week was another amazing one for the MFG portfolio!!
I took profits in over 11 stocks and further increased my monthly dividend income! I absolutely love trading. My day begins with the excitement of diving into the stock market.
We saw beautiful moves in FCX, MCD, DAL, MMM, and finally stage 2 breakouts in WBA and CVS. Let’s see if they can gain some momentum here.
I added to OXY and swing trade ENVX.
View the FULL LENGTH of The Peters Report! CLICK HERE!
This week, I’m keeping a close eye on TLT, XLV, ADBE, MRNA, JNJ, DNUT, PEP, HSY, CELH, JACK, AIR, RIVN, GUT, and ECC.
I’m looking to accumulate shares of COP, OXY, UAN, OILU, GUSH, UCO, BORR, DPST, CRSP, SNOW, and extreme-yield funds SNOY, JPMO, USOY, YMAX, and ULTY.
-GP a.k.a Fullauto11 🧙🐼
The Peters Report - Stock & Crypto Trader’s Resource
Always remain bullish and follow The Money Flow.
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.
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MFG HOMEWORK ASSIGNMENT!! 2 PARTS!!
THIS WEEK’S HW VIDEO 1: RENTAL HOUSE TOURS WHERE A DRUNK DRIVER RAN THROUGH ONE & A HOUSE WITH FLOOR PROBLEMS
THIS WEEK'S HW VIDEO 2: I TOOK PROFITS IN 11 SWING TRADES!!
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After facing a few rough years in a bear market, the Healthcare sector (XLV) has regained its stability and is back in play, even though it’s still trailing the S&P 500 this year.
Lower interest rates and a slower economy typically benefit the healthcare sector XLV 0.00%↑ .
This renewed momentum presents potential opportunities for investors and traders as the sector starts to pick up steam.
I’m watching pharmaceutical and biotech stocks here.
👉👉Big Pharma: MRNA, PFE, CVS, JNJ, MRK
👉👉Biotech: CRSP, ARTV, FATE, REGN, BNGO
👉👉Healthcare Providers: HUM
[See trade idea HUM chart below.]
HUM 0.00%↑ is in a stage 1 accumulation zone. Price dropped a doji anchor, the RSI hit an extreme-low, price jumped above the 5-day EMA, the MACD histogram is in an upward slope and about to turn positive, and the TSI has curled and is about to cross.
This is called confluence of the Money Flow indicators and a textbook, classic Money Flow Trading System stage 1 setup.
👉👉Trade ideas this week: ADBE, HUM, JPM, CRSP, SNOW, CELH, MRNA
👉👉B&B trade ideas: COP, CVX, HUM, CVS, NUE, OXY
👉👉Dividend ideas: F, PNNT, KLG, UAN
👉👉Top yielders I’m watching closely: USOY, JPMO, MRNY, ULTY
👉👉Speculation plays: CRSP, BNGO, JOBY, MBLY, ENVX, BORR
👉👉New tickers: SPYU, JACK
[See trade idea ADBE chart below.]
ADBE 0.00%↑ is currently at a support zone. Price looks to be building out a stage 1 accumulation zone here; however, price is not above the 5-day EMA. Once price, gets above the 5-day EMA, that will be the trigger to enter the trade. I’m watching ADBE closely this week for an entry.
I also like oil (USO) and oil stocks (XLE) here.
👉👉Blue-chips: CVX, OXY, COP
👉👉Leveraged trades: GUSH, UCO, OILU
👉👉High-yield dividend play: USOY
To achieve the results that the top 5% of people in the world achieve, you must be willing to do what 95% of others won’t.
Trading requires you to be disciplined and study the markets everyday.
Let’s go, MFG!! Let’s get a little bit richer everyday together. I appreciate you and believe in you. 🐼🐼🐼
IMPORTANT RESOURCES CRITICAL TO YOUR SUCCESS AS A MONEY FLOW TRADER!!👇👇👇
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GP’s Video of Doing Your Sunday Homework The Money Flow Way CLICK HERE!!
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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
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.
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Let’s go!
Thank you GP 🙏🏼