With 3 different PDQs focused on TLT the consensus signal is short term SHORT. This signal is as of mid day and has led us to close our MRSI trade mentioned yesterday as part of the Situations package. This decision is simply a discretionary risk assessment. With end of month upon us and July 4th looming, the odds favor the bulls. Potential negative factors include world economic and political instability (Ha!) and the always entertaining earnings season which is rapidly approaching.