As is evident from the charts below, Bonds (TLT) have reversed down, and conversely interest rates have turned up. If this is anything more than a very short term phenomenon, than shorting bonds provides an excellent opportunity for the weeks and months ahead. In addition, it may very well be the push that takes stocks over the cliff. TLT Daily TLT Hourly The system is days away from a formal sell signal, days that could have us enter short via puts from much lower levels. Let's jump ahead for this falling anvil, down $10 in the past two weeks: Sell: TLT (157.80) Option: July 17th $157P (3.10 -3.25) Alternative: Aug 21st $150P (2.00-2.05)