Morning Ideas March 4, 2021

108
Lots of weakness yesterday, but I held on. Will be looking for the market to push back on the open or I will likely bail.

Powell is speaking today, and I think he will likely try to re-assure the market that everything is fine with the bond prices/yields.

I'm still in this trade because I believe the sellers are making a big effort here, but it's still the buyers in charge overall, on my time frame.

More weakness today would change my stance on that, but not until then.

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