A reminder that yesterday I posted this PRO Update in the afternoon window usually reserved for Premium Alerts, as Shopify was down all morning. Toward the bottom of the Update was a new trade pending, TLT puts, which was triggered on the Open today: TLT So long as price remains below the parallel channel up from Jun the path of least resistance is down, i.e., higher interest rates. Japan 10 Year Yield One reason to expect higher rates here in the US is the Japan 10 year yield which is making new highs. It is a global benchmark that is drawing a lot of attention. Below, the US 10 Year Yield as the bond market awaits next week's Fed meeting. US 10 Year Yield
