3M (MMM)….TBT…30 Yr.Bonds

87.25 is the key weekly hold # for 3M. A close below this level would put in an outside reversal lower week.

The Bonds are in the middle of nowhere with little momentum. They’re still a range scalp. I would like to tighten up our parameters on our long TBT. Use a 38.05 stop on another 40%. If you get stopped remember to adjust your resting sell orders accordingly. Long term we like this trade, however we are not willing to give back a lot.

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