Thanks for the feedback!

Thanks Randy

Note that I edited a typo in my original reply to you to correctly read that my conviction on the very near-term direction of TLT “isn’t” very high.

Very near-term my convictions aren’t very high on where bonds are headed but slightly leaning towards a little more downside next week but still intermediate-term (weeks to months) bullish & longer-term (months to years) bearish on bonds/TLT.

Not much to add since the last update although I covered the gold & silver shorts that I mentioned reversing into after closing out the longs earlier this week. I was only looking to game a pullback off the rally into resistance, divergent high & 60m TL break and while I can see the potential for a little more downside next week, I’d put almost equal odds that the pullback might be over, especially with some potential (positive) divergence on the 60m of /GC. The GLD daily below shows some nearby support levels likely to contain the pullback, should we go a little lower next week.

Here’s the USO daily chart with the next sell signal to come on a solid break below the 67.60ish support.

Also, /CL would provide objective short entries or add-ons should it rally back to either of these 60m downtrend lines and/or the 81.88 former support, now resistance level.

I can’t recall ever seeing a -1x energy ETF, just ERY, DIG, & DRIP (all -2x). Maybe someone else knows of one?