Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2011 

Egyptian violence sent western markets earthquake sized tremors as traders feared the world supply of oil might be jeopardized.  Speculation about the Suez Canal's future viability as a passage for oil tankers sent crude futures soaring.  At the same time the dollar rallied further shaking equity...
01/28/2011
Mortgage backed securities (MBS) closed up 34 basis points today at 99.25 having once again successfully closed above resistance offered by the 25 day moving average.  The fear of escalating unrest in Egypt sent stocks plummeting and money flowed into the safe haven of American tresuries and MBS ...
01/28/2011
Last night it appeared that Dow's quest to exceed 12,000 and the S & P's to exceed 1,300 might be achieved today.  Corporate earnings reports were looking as if stocks might be propelled to those lofty milestones.  Although they were exceeded during the trading day, both quests fell short at the ...
01/27/2011
Mortgage backed securities (MBS) closed up 25 basis points today at 98.91 having crossed over resistance offered by the 25 day moving average prior to closing below it.  As a result, we have a mixed outlook for the future.  Although the closing candlestick signals a bullish engufling pattern, whi...
01/27/2011
Just like the playoffs, the champagne bottles were iced and the victory tee shirts were ready.  Unfortunately, as New York and Chicago just experienced, the Dow fell short of closing over 12,000 today.  Although surpassing the milestone several times during the day, the Dow closed at 11,985 with ...
01/26/2011
Mortgage backed securities (MBS) closed down 44 basis points today having once again fallen below support offered by the 25 day moving average.  Traders weighed the good news of a 17% increase in the sales of new homes versus the rather nebulous picture that the Fed painted of the economy in thei...
01/26/2011
Stock traders endured another rollercoaster trading session as stocks were down over 70 points during the day before the Dow closed down only 3 points.  Disappointing readings from the Case Shiller Home Price Index showed home prices still falling in some sections of the country.  Some disappoint...
01/25/2011
Mortgage backed securities (MBS) closed up 25 basis points today at 99.09 having penetrated resistance offered by the 25 day moving average and closed above it.  Although MBS bonds closed below the high of the day, the closing signalled a more neutral than negative sentiment.  With the minutes of...
01/25/2011
Stocks moved strongly ahead today as McDonalds reported strong 4th quarter earnings but Intel grabbed the headline.  Intel not only announced a 15% increase in its dividend but also declared it would buy back an additional $10 billion of their stock.  Now that is confidence!  Oil fell below $88. ...
01/24/2011
Mortgage backed securities (MBS) closed down 12 basis points today at 98.84 having climbed up almost to touch resistance before sliding back down to the close.  Despite Friday's positive candlestick, MBS bonds could not find any real direction today.  As a result, money ran from bonds to stocks w...
01/24/2011
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