A 117.23 correction target that we’d been using since April came within three cents of nailing the intraday low of yesterday’s powerful bounce. Several subscribers who used the target reported getting long near the bottom. However, as is my custom, I’ve used the worst price reported, 117.35, to establish a cost basis for an initial position of 400 shares. Because I advised partial profit-taking on half of the position when this vehicle was trading around 119.00, the remaining 200 shares will have an imputed cost basis of 115.70. That will provide an excellent cushion if T-Bonds should relapse.  For now, use an ‘impulsive’ stop-loss based on the 15-minute chart.  As of this moment (7:52 p.m. EDT), that would imply an uncorrected plunge exceeding 117.37 to the downside.