Currently: Short Looking to: Cover @ 130.43
As of 2/21/20 as of 2:17pm EST: 131.95
LAST WEEK: We suggested selling longs / getting short up at 131.39 with stops on a close above 131.45 and with a target for covering / getting long down at 129.97.
UPDATE: Treasury futures are trading (mid-afternoon on Friday) just above the stop level put forth here last week. Right now, though, TY futures do look like theyll peak in the shortterm and work back down towards 130.43. From there, we would anticipate another rally up to 132.50 or so. We would sell / short at current levels with stops on a close above 132.05 and with a downside target of 130.43 for covering and getting long. The upside target on longs will be 132.50.