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VRA Letter: LSOG Zoom. Bull Market Tells; It’s the Reaction That Matters Most. Bitcoin @ $94k. Resolution Time for Semis. Rich Ross, Simpatico.

Good Wednesday morning. Heads up: tonight at 8 PM EST Lost Soldier Oil & Gas will have their next Zoom meeting. Exciting operational and business updates in what may be the largest regional discovery for nat gas in 4 decades ...

Posted On November 20, 20245 MIN Read
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Good Wednesday morning. Heads up: tonight at 8 PM EST Lost Soldier Oil & Gas will have their next Zoom meeting. Exciting operational and business updates in what may be the largest regional discovery for nat gas in 4 decades.

Zoom Link: https://zoom.us/j/97824636998

VRA Market Update

You’ve heard us say this often over the years; “it’s not the news that matters as much as the markets reaction to that news. Thats what matters most..that’s the tell”. We saw it play out again yesterday on the latest escalation from Ukraine-Russia. Futures were lower across the board with a 1% decline at the open. But then, the rally kicked in and by the close Nasdaq finished up a big 195 points (1.1%). You can’t keep a strong bull market down. 

We’re seeing it in Bitcoin again this morning too. As short term overbought as BTC may be (and it is), each shakeout is met with another rally to fresh ATH’s. BTC just broke $94,000…there’s a magnet to $100,000. VRA But Rec ARKB (BTC ETF) is trading...

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