iShares 20+ Year Treasury Bond ETF (TLT)

* The 10-year Treasury note is yielding 5.345% (+7 basis points) this morning… Stock futures lower (S&P futures -32 handles, Nasdaq futures -172 handles), likely tied to another new low in $TLT (-$0.60), rise in bond yields. As well, stories of escalated attacks in Iran are lifting crude by four dollars a barrel. Position: Short SPY …

* I continue to be short in a bull market… Once again, I thought underneath the hood there was less than meet’s the eye. Though the averages showed a robust gain, Nasdaq breadth was negative: And, Nvidia ($NVDA), which was +$5 per share on the day at its high, basically closed flat. Treasuries were modestly …

$TLT and Bond prices at the day’s low and bond yields at the day’s high. I am expanding my short book. Position: None

The weakness in gold ($GLD) — from $385 to $381 — is surprising considering the weak jobs data and the softness of the U.S. dollar. ( A similar reversal just occurred with $TLT from $78.32 to $77.75). My reaction is to sell more $SPY $771.93 and QQQ $753.76 … For now it is unclear what the message of the …

$TLT is at the high of the day. You should know… Position: None