I’m looking at building an ultralight combo to add to the arsenal. I’m trying to keep it around $150 and from TW (I have GCs for TW). 
 

what you got?

 

Kevin

Do you care if it's spinning or casting?

 

Sorry - meant to say spinning

A little over that price point, but I'd recommend a Dobyns Fury 661/702 or St Croix Bass-X 610MXF paired with a Shimano Sahara 1000 during the 15% off Memorial Day sale at TW. The extra $30-40 would be well worth it IMO.

Problem is that TW doesn't carry UL rods....best you can hope for is a Light.

 

Saying that - my Daiwa Procyon 7' L/F does a bang-up job on very light lures

https://www.tacklewarehouse.com/Daiwa_Procyon_Spinning_Rods/descpage-PYS.html

 

Pair that with a good 1000 size spinning reel - Daiwa Revros LT will do the job and bring you in right about your price point.

https://www.tacklewarehouse.com/Daiwa/catpage-DAIWA.html?from=BASRES

I'll second the Diawa Revros 1000 size reel. Smooth and dependable. St. Croix Triumph light spin might work for a rod.

I’m going to offer up if you want a true ultralight as MnFisher pointed out Tackle Warehouse doesn’t carry rods for that niche. My suggestion would and will be a Daiwa Legalis 1000 ($79.99) from Tackle Warehouse and a Panfish Elite rod from Bass Pro Shop also ($79.99) In whatever length suits you. I have the 6’-8” ultralight and a 7’-2” light powered rods and I cannot recommend them enough which I do quite often on this site, the rods are built above their price imho.

I’ve got a several high end graphite U/L cork handled spinning rods and several graphite/short aluminum pistol grip casting rods that I use most often. Unfortunately, in today’s environment you just can’t get this stuff except possibly custom which presents its own problems (e.g., ideal blank and component availability).  Love them and would rather fight than switch!  ?

22 hours ago, MN Fisher said:

Problem is that TW doesn't carry UL rods....best you can hope for is a Light.

I got a Dobyns Sierra UL from TW

2 minutes ago, JediAmoeba said:

I got a Dobyns Sierra UL from TW

I was trying to keep in his budget of $150 total - the Sierra alone is more than that.