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2010
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The big election is over! Republicans have seized the House in convincing fashion. They fell just short, however, of reaching parity in the Senate. Because Republicans have traditionally been viewed as more busness friendly than Democrats, one would think that the market would rally. But no s...
11/03/2010
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Mortgage backed securities (MBS) closed up 16 basis points today at 100.91 having broken above resistance at both the 25 day moving average and the 101.00 level before falling all the way down to the 50 day moving average. After an initial positive reaction to the Fed quantitative easing release...
11/03/2010
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After a mad dash upward to open the session, the Dow once again became mercurial and managed just a 6 point gain on the day. Buoyed by a better that expected report from the Institute for Supply Management and an uptick in Chinese manufacturing, the Dow was up over 100 points early in the sessio...
11/01/2010
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Mortgage backed securities (MBS) closed down 47 basis points today at 100.28 having once again fallen through support at the 50 day moving average. During the day, prices climbed at the way up to resistance above before closing at the the lowest level of the day. This is known as a "bearish eng...
11/01/2010
