Perhaps with Bitcoin looking potentially good, can you shed your thoughts on MGI. Looks like possible divergence.

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Chesapeake down 17% on their figures today. That’ll make it -98.75% in five years then.

Interesting moves are going on elsewhere… too much debt I suspect. I took a short on Noble on this break down. Maybe a reflection on longer term oil price?
Looking over sold here but will look to add back on a bounce.
Any thoughts?
Seems as though major damage is been done.

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I don’t disagree with gaming it. I’ve taken some longs on the Indexes to offset longer term swing shorts I have on to try and game the bounce too. I feel as though Oil / Copper have under performed relative to their usual correlation to the market and are perhaps a truer representation of what’s going on. Happy to step aside but always very interested to see your recommendations. Thanks!

Wow, that’s a pretty heavy long % stat. Either way, I’m not looking to marry (invest/trend trade) crude, just date it (swing trade). They are welcome to pull the rug out from under it soon & I might even be short when they do.. just looking to game a quick bounce in sympathy with my expectation for a tradable bounce in the stock market & then out.
As with any trade, it either works out or not. Thx for sharing those stats & your thoughts & by all means, pass if this trade doesn’t mesh with your outlook or any other reason for taking a long in crude here.

/BRR Bitcoin futures just not catching a bid during the recent selloff in the stock market although the /BRR chart has been bearish since the divergent high & breakdown/backtest on this 60m chart.

Here’s my take: /BRR & GBTC are slightly dipping below support right now but I suspect they might snap back above soon (/BRR 9227 & GBTC 10.14), if so, that would provide an objective (but aggressive) long entry with a stop not far below.