ARCHIVED BLOG POSTS
2014
2
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Stocks performed strongly today initially in reaction to broad gains from European markets. Then when Fed Chief Janet Yellen indicated that the jobs market was still poor enough to possibly require additional accommodation, stocks jumped to different level. They lost a little ground mid-afterno...
03/31/2014
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Mortgage backed securities (MBS) closed even today at 103.97 having remaining squarely at support offered by the 200 day moving average and just 7 basis points below resistance at the 100 day moving average. Despite a strong in equities, bonds managed to overcome early losses and close unchanged...
03/31/2014
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Stocks were indeed mercurial today having covered a lot of territory. Personal income and spending and inflation were well within the expected range. Fed speaker Evan said that the Federal Funds Rate should remain near zero through much of 2015 due to low inflation and substantial unemployment....
03/28/2014
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Mortgage backed securities (MBS) closed down 19 basis points at 103.97 having fallen down to support offered by the 200 day moving average. Today's trading broke the string of 6 consecutive green candle sticks. This loss came despite bond friendly news of inflation remaining tame and a poor rea...
03/28/2014
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Stocks acted more like a yo-yo thank the finest Duncan today as a diverse mix of economic news was revealed. The Treasury supply was increased which was counteracted by fewer new unemployment claims. Increased consumer spending was balanced by the GDP dropping form a third quarter 4.1% increase...
03/27/2014
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Mortgage backed securities (MBS) closed even today at 104.16 having remained above support offered by the 200 day moving average and below the triple resistance offered by the 25, 50 and 100 day moving averages. Mixed economic news left MBS traders feeling neutral which accounted for the lack of...
03/27/2014
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On the coattails of yesterday's rally, stock futures began the day inclined upward. Some easing of the tension in Ukraine allowed stocks to increase their gains this morning. By midday the gains began deteriorating. Today's Treasury auction garnered an "A" rating and that caused money to flow ...
03/26/2014
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Mortgage backed securities (MBS) closed up 35 basis points today at 104.16 having smashed through resistance offered by the 200 moving average and closed at its high for the day. As we have seen in previous trading sessions, the large green candlestick created by today's activity bodes well for ...
03/26/2014
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Better pricing in European markets set the trend for U.S. Stocks today as Wall Street opened higher. While new home sales in February were slightly below expectations, Consumer Confidence registered at a six year high. Home prices were up 7.4% during 2013 continuing to trend higher. The Fed's L...
03/25/2014
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Mortgage backed securities (MBS) closed even today at 103.84 having remained once again just above support offered at 103.81 and below the four moving averages now offering imposing resistance. A mix of good and bad news pushed and pulled traders into this neutral result. A quick look at the ca...
03/25/2014
