ARCHIVED BLOG POSTS
2011
0
Comments
Stocks were off to the races early with the news that Germany was piecing together a restrucuring plan which may keep Greece away from financial collapse for a little while longer. With the populace of Greece voting for candidates who oppose belt-tightening measures, the Germans felt something h...
05/31/2011
0
Comments
Mortgage backed securities (MBS) closed flat today having remained 28 basis points above the tentative support currently offered by the 200 day moving average. MBS bonds seem to be running in a sideways pattern awaiting some significant economic action to propel them forward. Poor reports from ...
05/31/2011
0
Comments
As you know stocks and bonds typically trade in opposite directions. We have seen examples many times recently when money has flowed out of stock into bonds during the safe haven trading and the reverse when the dollar has staged rallies. Today although stocks began the day on the down side, th...
05/26/2011
0
Comments
Mortgage backed securities (MBS) closed up a whopping 56 basis points today having crashed through resistance at the 200 day moving average. A quick look at the Japanese candlestick chart shows a thick, tall, green candle. Tthat means that the MBS bond closed at its high level of the day. The c...
05/26/2011
Stocks opened today with a string of 4 four consecutive losing sessions in the rear view mirror. Before they even opened, a sour durable goods report showed levels not seen since October lst year. By late morning stocks nudged their way into positive territory. A half hour before the close the...
05/25/2011
0
Comments
Mortgage backed securities (MBS) closed down 3 basis points today having fallen to 9 basis points below the formiidable resistance offered by the 200 day moving average. Strong Treasury auction results propelled MBS bonds above resistance for a little while today before succombing yet again to t...
05/25/2011
0
Comments
Stocks wobbled about, staying close to even throughout the day before closing slightly on the downside. Commodity prices improved giving stocks an early boost. New home sales rose more than 23,000 more that expected with 323,000. News on the economy, however, was not so good with the Richmond ...
05/24/2011
0
Comments
Mortgage backed securities (MBS) closed up 13 basis points at 100.25 having come to rest just 10 basis points below the 200 day moving average. MBS bonds once again rose right up to the 200 day moving average before being turned away. They were helped in part by a solid Treasury auction and an ...
05/24/2011
0
Comments
With no economic reports due out today, there were no bandaids the heal the wounds inflicted by European hijinks over the weekend. With no sight of hope for Greece desperate financial condition stocks were heavily pummelled in today's trading. When adding the downgrade of Italy's rating and rum...
05/23/2011
0
Comments
Mortgage backed securities (MBS) closed up 3 basis points today at 100.12 having managed to break through resistance at the 200 day moving average before being repelled again and closing 25 basis points below. All the European woe and angst about Greece and Italy and Spain re-kindled the safe ha...
05/23/2011
