Because of Thursday's monthly option expiration the bottom two positions, QQQ and GM, need to be adjusted and rolled into May: GM: Rolling Apr 14th expiration into May 20th, or Jun 17th, $35P. QQQ: Rolling Apr 14th $360P (Currently 16.40-16.60) into May 20th $330P (currently: 7.50-7.60). In addition: UVXY: As per yesterday's late afternoon Premium Alert, UVXY triggered Long at the close: UVXY May 20th $15C (currently: 1.85-1.90) Bitcoin I haven't talked about Bitcoin for a long time, with good reason: There have not been any good trade set-ups, either up or down. That could be changing as per the implications of the price pattern below: A hard break below $40K-$38K sets the stage for a new and dramatic leg lower, into the low $30K's, minimum. If $40K can hold a more bullish outlook emerges. For now, Bitcoin is in a no person's zone [formerly: no man's zone].
