My recommendation to buy bond puts last Thursday looks a bit better today after taking some heat on Friday's unemployment report. I am still sticking with this trade. We are now trading well below our entry point and have a bit of a cushion on our option position. STAY SHORT BONDS. One thing that may really help our position in the 30 year bonds is the reversal higher in equities that occurred on Friday's close. Both the Dow Jones and the Nasdaq 100 seem to have regained upside momentum. I can only hope for one more test of the downside in equities so that we can put on some new bullish positions. I do believe that equities will be heading higher in the next few months. BUY DIPS IN THE NASDAQ 100.