ARCHIVED BLOG POSTS
2012
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Mortgage backed securities (MBS) closed up 31 basis points today at 104.97 having reversed the trend of three consecutive losing sessions and created additional distance above the 25 day moving average. In a rare day when stock and bonds moved substantially in the same direction, bonds rallied l...
06/07/2012
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Stock futures pointed upward this morning when news came out that China had lowered its interest rate by .25% in order to stimulate its lagging economy. Stocks opened higher and received an additional boost as the initial jobless claims came in lower than last week at 377,000. Any number below ...
06/07/2012
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Stocks had their best day in month's today after the recent losses which nearly amounted to a correction. A correction is normally associated with a 10% selloff and a 20% sello0ff creates a bear market. It was kind of a strange day on the market as traders reacted to the possibility that the F...
06/06/2012
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Mortgage backed securities (MBS) closed down 22 basis points today at 104.62 having fallen for the third consecutive day after those three day with the big green candles signalling last week's huge advances. This is the first day in over a week that we have been close to the 25 day moving averag...
06/06/2012
Stocks broke their string of losing days by posting a modest gain today. A good read on the ISM services report and some god news from Corelogic, the information gatherer, allowed traders to take some porifts today after the large selloff. Corelogic reported that home prices at the end of April...
06/05/2012
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Mortgage backed securities (MBS) closed down 16 basis points today at 104.78 having fallen a little farther from last week's all time high closing. The Institute for Supply Management reports on the services segement of the economy each month. This month's report was high than expected at 5.37 ...
06/05/2012
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After Friday's huge selloff, stock trading was much calmer today. Although there was a steep drop off in the Empire State Purchasing Manager's Report, there was also somewhat calming news from Europe. Stocks began the day with slight gains before selling off mid morning. After that the market ...
06/04/2012
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Mortage backed securities (MBS) closed down 37 basis points today at 104.94 having fallen from their lofty perch after an incrediable three day run up of 150 basis points. The Japanese candles seem to indicate a short term selloff. As we have seen, however, just one whiff of the financial sten...
06/04/2012
