TLT is close to breaking last week's lows around $162. A break of $160 targets $140. I'm waiting patiently for a Sell Signal, but want to alert everyone that this Treasury Bond ETF is close to collapsing and if it does it will in all likelihood take the market down with it as that would signal higher, not lower, interest rates this summer. It's not a "System Sell" (not yet), but it is a trade worth considering. Speculative Sell: TLT (below $160-162) Option: July $160P (currently $4.00)
