ARCHIVED BLOG POSTS
2011
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Stocks managed their third consecutive positive day today as the safe haven trade into Treasuries has died off some. Durable Goods Orders showed a robust 4% improvement in July, a figure which far exceeded the street's expectation of 1.9%. Durable goods orders, which are orders for products exp...
08/24/2011
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Mortgage backed securities (MBS) closed down 38 basis points today at 100.44 having fallen through support at the 100.50 level and fallen all the way down to the next support level 47 points below before bouncing back to the close. This is an instance in which the candlestick charting truly pred...
08/24/2011
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Stocks enjoyed a strong resurgence today as global markets reacted to a smaller than expected decrease in the growth rates in China and Germany. Speculation that the Fed might take some accomodative action on Friday allowed traders to overlook the worst new home sales report in five months. Tom...
08/23/2011
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Mortgage backed securities (MBS) closed down 25 basis points today at 100.81 having remained suspended between resitance and support but now closer to the support level than before. Ever since the double top appeared in the Japanese candlestick formation, we have witnessed a slow slide from the ...
08/23/2011
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Stocvks surged ahead this morning in hopes that Gaddafi's departure from Libya might improve world oil supplies and bring down the price of oil. Also over the weekend the Chinese prime minister had some positive comments about possilbe improvements in the U.S. economy resulting from continued ex...
08/22/2011
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Mortgage backed securities (MBS) closed down 38 basis points today at 101.06 having fallen into a wide no-man's land between resistance and support. The news coming from Libya took the wind out of the safe haven trades while traders speculated on the affect the day's events would have on the flo...
08/22/2011
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Ugh!! It seems stocks just can't catch a break. Concerns about just about everything abound, but specifically talk of a new global recession and fears of a double dip recession here have traders in an abysmal bog. Stocks have given up nearly all the gains they recaptured after the recent corre...
08/19/2011
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Mortrgage backed securitries (MBS) closed down 28 basis points today at 101.44 having fallen through support offered by the closing high of August 10th. Technically, a Bearish Double Top formation appeared in the candlestick charting. Today even while stocks were enduring their daily pummeling,...
08/19/2011
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Mortgage backed securities (MBS) closed up 19 basis points today at 101.72 having passed into record territory prior to falling back to settle just above support offered by the high of 10/7/10. MBS bonds rallied early in the day on hopes of a double dip recession. When that appeared less likely...
08/18/2011
Bad news from the Eurozone sent their bourses running for cover and that effect hit stocks like a slap in the face. The Dow started low and fell early and hard. After opening down 300 points the Dow soon fell 350 and then the Philly Fed Report came in way below expectations. This forecast of ...
08/18/2011
