ARCHIVED BLOG POSTS
2011
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Stocks ended their three day skid today as there was at last some relief from the series of poor economic news and the constant stream of negative vibes from our friends across the pond. Word came frem Germany that there may be some attempt to assist ailing sister nations and Spain's prime minis...
09/07/2011
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Mortgage backed securities (MBS) closed down 28 basis points today at 101.38 today having tested resistance represented by the close of 8/10 before bouncing downward. The appearance of a triple top in the Japanese candlesticks sends the same message as the double top we experienced back on Augus...
09/07/2011
As I have written many times before, uncertainty is like a poison for the stock market. With President Obama lowering his estimates for the economy for the rest of this year and for next year, the market did not find those words coming from our main cheerleader comforting. Also not relying too ...
09/01/2011
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Mortgage backed securities (MBS) closed up 53 basis points today at 101.19 having once again positioned themselves comfortably between support and resistance. Normally the green Japanese candlestick with the large upper wick and the fact that bonds closed almost at the high for the day would ind...
09/01/2011
