Late Night Strategy for Thursday

With the weak reaction to the Fed Minutes on Wednesday, I am now interested again in shorting bonds. Looking at the TLT ETF for Treasuries, below on the daily timeframe, I am going to likely play inverse ETF's TBT and/or TMV if TLT loses $118 below--You can see the well-defined base for a potential breakdown with more selling. I would also consider shorting the rate-sensitive REIT sector if bonds weaken, as well, using SRS DRV ETF's. Elsewhere, keep an eye on the likes of GPRO NFLX to see if there is follow-through to Wednesday's selling in them, or instead if bulls can stem the time for another shallow dip in the momentum leaders. __________________________________________