The TLT(20+ Year Treasury Bond Fund) took out major support today.  The index closed at its lowest level since July of 2015.  More downside, considerably more downside, could lie ahead.  The TLT has a long way to travel before reaching oversold levels. 

We are long TBF and TBT(Ultra-Short 20+ Year Treasury Bond Fund) in some managed accounts.  Both of these inverse funds have performed quite well as the bond market has sold off this year: