So much for that..Giving back 6 handles after having a couple of 80 point winners in the SPU isn’t the end of the world. We still have the single stock longs.

Currently we are still in a small short position left in the 30 Yr Bond ( long TBT for some). Leave the stop as is on the remainder of the position. This a totally free look. This rally in the Bonds is seemingly creating another yield chase in the big cap stocks,causing them to rally.

Let’s add IBM at your discretion between now and the close.

The stop is a close below 163 ( 162.90 stop on close only)…Trade size is according to what you are willing to lose.