Hey, MFG!
I hope you're doing well and working on your goals daily. Getting RICH requires consistency and commitment to the mundane.
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.
Bonds (TLT/TMF) are still the leading asset class of “The Wind” and no longer trading at an extreme-high RSI reading. Gold (GLD) is in a stage 2 breakout and Silver (SLV) is in a stage 1 accumulation zone. I’m looking to open a 2x leveraged silver trade in AGQ.
Oil (USO) is also in a stage 2 breakout and trading above its 200-day SMA. New stage 2 breakouts are underway in the S&P 500 (SPY) and the Nasdaq (QQQ)! The Dow Jones (DIA) is still in a stage 1 accumulation zone.
Bitcoin (BTC) and Bitcoin Cash (BCH) are in stage 1 accumulation zones and trading below their 200-day SMA. Momentum on the higher weekly timeframe has now gone flat and the daily chart looks ready to run. I’m watching BTC closely here and always a buyer on all stage 1 setups.
Most of the major indexes tracked by The Peters Report are back in stage 1 accumulation zones or breaking out indicating that "The Wind" is currently in your favor. No matter what stage the markets are in stock selection is always super important.
One of my prized pieces 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:
For years, my long-time friends, followers, and fellow MFG members have witnessed my success with these perfectly timed swing trades. This success stems from the rigorous effort and meticulous research I dedicate to selecting them. I focus on identifying trades that are straightforward, low-risk, and poised for significant profits.
Yesterday, we saw last week’s Trade of The Week have its biggest one-day gain in company history!! Starbucks (SBUX) hit its target picture perfectly!! It blew through its 200-day SMA and hit its true value of $95!! I took gains and plan to put them into this week’s pick. I call this rolling profits forward.
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!!