I’ve been harping for the past 5 weeks that the 30 yr. wouldn’t top until the Bund hit 151.00.

Well we got it this A.M. so I started a small short. It was a great opening range trade.

Since I didn’t sell them on Chicago’s opening bell I opted for a small position.

I remain unconvinced that the volatility in the equity market is over so I’m not interested in betting the ranch on any trade.

Spu’s could still go down and elect the sell stops below 1846 (the yearly close)