ARCHIVED BLOG POSTS
2013
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Mortgage backed securities (MBS) closed up 3 basis points today at 104.38 having moved ever closer to the dual level of resistance offered by the 25 and 100 day moving averages. although still maintaining a floating bias, the fact that MBS bonds are still lingering below those level could prove ...
01/16/2013
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Stocks were off to a slow start today as equity markets in Europe were having a rough day. There was some positive information as Retail Sales improved by .5% as opposed to the .2% expected. Minutes later the Empire State Manufacturing Index, which acts as a barometer for future capital expendi...
01/15/2013
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Mortgage backed securities (MBS) closed even today at 104.38 having remained just below the dual level of resistance offered by the 100 day and 25 day moving averages. Bonds started out well this morning as stocks were selling off slightly. Bonds remain in the two year channel of advancement an...
01/15/2013
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With no economic reports due to come out today stock traders looked for other new. When Japan's prime minister hinted that he may consider my buying foreign bonds including U.S. Treasuries, bonds saw early gains while stock futures sold off somewhat. Many Fed speakers commented on low inflation...
01/14/2013
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Mortgage backed securities (MBS) closed up 12 basis points today at 104.38 having come with in 15 basis points of double resistance offered by the 100 day and 25 day moving averages. This represents the third consecutive day that MBS bonds have failed to close above that level. Should they rema...
01/14/2013
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Mortgage backed securities (MBS) closed down 19 basis points today at 104.38 having fallen once again below the support of the 100 day moving average. That support level, which was just surpassed yesterday, will now become resistance. Fortunately MBS bonds are still above the technically import...
01/10/2013
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Mortgage backed securities (MBS) closed up 19 basis points today at 104.56 having broken through resistance offered by the 100 day moving average and come to rest just 9 basis points below the next level of resistance at the 25 day moving average. MBS bonds did well to advance today considering ...
01/09/2013
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Interest rates rose slightly last week in reaction to the Fed revealing that nearly half the voting members of the Fed Open Market Committee thought QE3 should end this year. The 30 year fixed conforming rate rose to 3.625% for the first time in months form single family house and to 3.75%...
01/07/2013
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MBS bonds which had reacted badly to the “fiscal cliff” bill being passed, suffered further from the FED announcement. Stocks too were affected. When the minutes of the recent FED open market were released, stocks gave up their gains. The minutes revealed that 50% of the voting market c...
01/07/2013
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Mortgage backed securities (MBS) closed up 6 basis points today at 104.25 having closed near the high of the day just 19 basis points below resistance being offered by the 100 day moving average. The candlesticks of recent days form a "Counter attack line" pattern. Normally that is seen as a po...
01/07/2013
