Not the Best Story for Bonds This Year

TLT is weakening further today, seeming lost in the shuffle among the rally in equities. 

As you can see on the weekly chart, below, beyond today's move higher in rates (and thus sell-off in Treasuries) is the notion that we may be seeing a sneak preview of what is to come next year, given the highlighted triangle pattern at risk of breaking down. It has been at least several week since I took a stab at bonds on the short side. But given the recent action it is certainly back on my radar.

I will cover that topic and plenty more for Members in my full-length video recap after the bell today.