• We hate to be skeptical about last week’s bounce in the stock market, but it came on mediocre “internals”…and the issues that caused the recent decline have not gone away.  So, we’re going to need to see more upside follow-through to convince us that the worst of this spring’s pullback is behind us. 
  • Bitcoin is showing some signs that it could be getting ripe for a meaningful pullback after it’s fabulous multi-month rally.  If (repeat IF), it breaks below $60,000 in any meaningful way, it would be quite negative for the intermediate-term potential for this cryptocurrency on a technical basis (EVEN if it’s going to head a lot higher over the longer-term). 
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