These four PRO positions are all candidates for add-ons if conditions begin to deteriorate in any meaningful way. If you have to ask, "is this meaningful enough? - then it's probably not, Remember, a Wave 3 down at this juncture will be obvious and likely accompanied by fast conditions, meaning there won't be a lot of time, nor need for nuance. The only question is whether the next major leg down asserts itself now, or after January 1st. Bonds & Interest Rates Both interest rates and bonds may be reversing, and not in a good way for stocks. At least as of today, these two charts show rates are headed higher and bonds lower, a bearish marker for stock direction. Prices on both of these charts are nearing Key Levels. Interest Rates - US 10 Yr Yield A break-out here is not good for bonds (TLT below), nor will it bode well for equities. TLT
