Easter Weekend Update

I'll make this update brief, so enjoy the holiday weekend with your friends and family and take you minds off of stocks and money for a few days. 

Bitcoin Corner

Remember bitcoin? Sometimes or best advice is where to exit, not enter.

The portfolio exited GBTC on March 7th @ $15.55. Currently: $10.49;

The portfolio exited MGTI on January 17th @ $3.27, Currently $1.28.

As for bitcoin itself, last week it dropped below its 61.8% Fibonacci retracement level at @ $7,800 which could be the kiss of death. Although it's not so bad an idea to have some bitcoin stashed in an account somewhere, even if just for cocktail conversation, unless and until it recovers above $7,800 anytime soon, we can put a fork in it. The reward side of this asset class was and maybe still is phenomenal,  but the multi-year uptrend has run its course for now. 

Market Update

From the narrowest index (DJIA) to the broadest (NYSE), "the line it is drawn*. Anything that takes the market below those double bottoms will be a dire alarm for the months ahead. Anything else, ambiguous.  



*This weekend's market analysis courtesy Bob Dylan:

The line it is drawn
The curse it is cast
The slow one now
Will later be fast
As the present now
Will later be past
The order is rapidly fadin’
And the first one now will later be last
For the times they are a-changin’