Bond Short Update

By -

TLT remains my only large short position, and it's also just about the only bright spot in my trading day. This is a beautifully-formed head and shoulders pattern, and the retracement to the neckline simply affirms the cleanness of this set-up. I have increased the size of my short, and although I think ZB is ultimately going to tag about 145.25 or so, I'll cover at anywhere close to 146 (note: I am using prices from ZB as a reference point here, even though TLT is the actual position).