We’ve been using a 116.50 stop close in the TLT. Our original buys were around 115.50 In the TLT ( 140.27 in the Futures)

While the SPU/BOND spread continues on it’s merry way, we sold a good chunk of the TLT off over 120. Futures traders started scaling out from 144.22 through 145.08.

This is another example of the Futures always being a better trade than the Etf’s.

Since we have a long only portfolio with only a partial position left in the TLT, we’ll leave it up to each investor whether to lower the stop to break even or exit on the close.

SPU’s...are attempting an ORH day with a 3:15 Pit close over 1342…..This is a price positive pattern..