The Peters Report: The Swing Trade of The Week!!

Market corrections bring chances to find valuable swing trades.

Hey, MFG!

I hope you're doing awesome and staying cool, calm, and collected this summer during this market correction. Don’t fear the sell-offs; these are times of opportunity to get RICH and build wealth!

Bonds (TLT/TMF) are the leading asset class of “The Wind” and no longer trading at an extreme-high RSI reading. I took profits in my 3x leveraged Bonds trade TMF earlier in the week. I also closed my B&B swing trade in MCD for a nice gain!

Gold (GLD) looks to be rolling over into a possible stage 4 decline above its 200-day SMA. Oil (USO) is back in a stage 1 accumulation zone right above its 200-day SMA.

The Diamonds (DIA), Nasdaq (QQQ), and S&P 500 (SPY) are still in stage 4 declines. There’s no need to rush into any positions here. I’ve been watching leveraged funds (TQQQ, BITX, AMZU, just to name a few) closely for entries.

Bitcoin (BTC) is a stage 4 decline under its 200-day SMA, but holding its anchor point. I’m watching for price to jump above the 5-day EMA for a stage 1 confirmation. Right now is the time to be patient and follow The Money Flow.

Most of the major indexes tracked by The Peters Report are in stage 4 declines, indicating that "The Wind" is not currently in your favor. In these market conditions, stock selection becomes even more critical.

One of my favorite parts of The Peters Report is the Trade of the Week. These trades are simple and straightforward and come with stop-losses, profit targets, and clear entry and exit strategies.

A text Today from one of G’s Inner Circle:

Long-time friends, followers, and MFG members know about my success with these perfect swing trades, thanks to the extensive effort and research I put into selecting them. I look to find trades that are simple, low-risk, and have a high potential for profits.

Some noteworthy successful trades from the past include MCD, TMF, UBER, UTSL, SNAP, and ADBE, just to name a few. I’m confident that this week's pick will be just as great.

Let’s dig into the chart and watch a short video of G breaking down the trade of the week with the entry, exits, and price targets.

And as a bonus, 2 runner-up trades that were almost this week’s pick!!