MFG STATE OF THE MARKET 9-8-24
The markets sold off last week; don’t get bearish here. Bonds (TLT) is the leading asset class of “The Wind” and continues to climb higher. Historically, when interest rates are cut, the price of bonds goes up.
A stage 2 breakout is underway in TLT, but closed with a bearish doji bar on Friday. Gold (GLD) is still holding its stage 3 consolidation zone; however, price closed just slightly above its 20-day SMA and all Money Flow indicators are pointing down.
We will see this week if GLD holds here or rolls over.
All of the major indexes, the S&P 500 (SPY), the Nasdaq (QQQ), and the Diamonds (DIA) are in stage 4 declines above their 200-day SMA. This is most likely due to profit taking by institutions and fears of economic and political uncertainties by retail investors.
Bitcoin (BTC) is still holding its anchor point and in a stage 1 accumulation zone below its 200-day SMA along with Bitcoin Cash (BCH). I’ve been drip buying here. Oil (USO) is in a stage 4 decline and trading at a near extreme-low RSI reading below its 200-day SMA.
I see a lot of upcoming opportunities, but don’t rush into any positions here; “The Wind” is currently not in our favor. Be patient and stay in flow.
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Last week was a lucrative week for the MFG portfolio!
I collected over $9,000 in dividends. Think about that— I did nothing to receive that money; no meetings, no phone calls, and no drives to work. Dividends are the only true passive income.
I didn’t make many moves in the markets. I drip added to BTC, BCH, and BITO.
US Steel Group (X) got smashed and fell 17% due to politicians aiming to block the purchase of X by Japan’s Nippon Steel. This is highly unlikely to happen. I have full faith in this company. I called an audible here and opened a trade in X.
View the FULL LENGTH of The Peters Report! CLICK HERE!
This week, I’m keeping a close eye on UPRO, TQQQ, UDOW, USO, XLE, XLK, IWM, ARKK, AI, AMDL, AMZU, SNOW, CLSK, CRSP, CELH, GBTC, INTC, WBA, OXY, BCHG, CRM, CONL, DG, DLTR, BITX, NVDL, WGMI, UBER, DPZ, FCX, GOOG, USA, MRNA, WBD, BORR, ZIM, MBLY, X, and NUE for entries.
I’m looking to accumulate shares of PFE, DLR, CVX, ABNB, AGQ, and extreme-yield funds GDXY, BITO, MSTY, and KLIP.
-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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The Peters Report - Stock & Crypto Trader’s Resource
Bitcoin (BTC) is back in play!!
BTC is currently in a stage 1 accumulation zone below its 200-day SMA. Price put in an anchor point, climbed above the 5-day EMA (the trigger), the MACD is ticking upwards, and the TSI curled and is about to cross.
This is called confluence of The Money Flow indicators.
[See $BTCUSD chart below.]
👉👉Trade ideas this week: ABNB, AGQ, CLSK, ETSY, RDDT, X, AMZU, CONL, BITX
👉👉B&B trade ideas: CVS, KSS, DNUT, INTC
👉👉Crypto trade ideas: BCHG, CLSK, BITX, MSTX, WGMI, CONL
👉👉Dividend ideas: PFE, UAN, KLIP
👉👉Top yielders I’m watching closely: BITO, GDXY, IWMY, MSTY, CONY, ABNY, AMZY
👉👉New tickers: UBRL, SPYU
[See trade idea AGQ chart below.]
AGQ is 2x leveraged silver. Use SLV for your trade analysis and plan.
[See trade idea RDDT chart below.]
RDDT is in a stage 2 buyable zone. The breakout lost some momentum, but has been trading inside a box right above its 20-day SMA at 49 RSI reading. This gives you a chance to add to the trade.
IMPORTANT RESOURCES CRITICAL TO YOUR SUCCESS AS A MONEY FLOW TRADER!!👇
A Step-By-Step Guide to Complete Your Sunday Homework CLICK HERE!!
GP’s Video of Doing Your Sunday Homework The Money Flow Way CLICK HERE!!
Get Access to GP’s “MFG Trade Ideas of The Week” Chart Pack 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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MFG 🖨️💸💸💸✌🏼