Here is what we said this A.M……

The Long TLT/ 30 Yr.Bond Futures has been working nicely. Some of you mentioned you took partial profits yesterday near the 114.40 level in the TLT. Any prints in the 30 Yr into the low to mid 139’s is a good place to be out of 2/3rds of this trade.

Meaning…Take 2/3rds of your trade off!…..This should have been done this A.M.

The levels have not changed. This instrument has given us 80% of what we were looking for. Try not to give it all back. A close below 138 (M Futures) will have us close out the remainder of this position.

The 30 Yr is putting in an ORH day with a close below 138.11.

We will have no position in the Bonds of the TLT at days end..