If the current correlations continue, that would be the reasonable assumption but the inverse relationship between Treasuries & the stock market has been on & off in recent years so it is certainly possible to see further weakness in the stock market with Treasuries moving lower at the same time. However, the TBT/TLT trade is largely contingent on the oversold bounce scenario for the stock market which I thought had a good chance to play out this week, but didn’t & may or may not play out next week. Probably moot anyway as TBT is currently poised to be stopped out at the close today (I prefer to close end-of-day stop trades just before the closing bell if it is certain the security will close below the daily closing stop price).

Exactly. In fact, most or all of the leveraged ETFs will make very clear that they are not suitable as buy & hold investments, rather short-term trading vehicles.

Not yet but possibly next week as I’d like to see a few things including whether or not the stock market can hold above & bounce off this tag of the 200-day MAs and also how the US Dollar trades next week.