Morning Ideas March 4, 2021
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.
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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