The long-term downtrend in TLT is reflective of a turn-up in interest rates that is percolating through the economy. 10 Year US Bond Yield You can see the effect of the higher rates in the action of TLT, the 20 Year Treasury Bond ETF that inversely follows the interest rate trend: The "Sell Signals" are simple pattern recognition triggers generated by gaps down below 2-4 week trend line support. Each one of those Sell Signals was good for about a 100% gain in 4-6 week at-the-money puts. TLT is setting up for a fresh Sell Signal now: Look for a new Sell Signal if TLT can close below $95.00. If triggered, the expectation would be for a move to new lows, under the Oct 24 low of $91.85. TLT Dec 16th Puts Sell Pending on a TLT Close < 95.00 Dec 16th $95P (2.50-2.56) Option Target +100%; Stop -50% LAST MINUTE EDIT - QQQ Looking bleak for Bulls
