ARCHIVED BLOG POSTS
2014
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Mortgage backed securities (MBS) closed up 15 basis points today at 103.50 having once again passed through resistance at the 103.43 level and closed above it. Weak manufacturing data from Europe and China had stock futures waning this morning. Bonds were off to a good start. Despite stocks fi...
11/20/2014
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Stock futures began the day pointing upward this morning. Following their lead the Dow surged to an intra-day high. Chilling winds outside could not cool down stocks which have be red hot of late. Just a brief session of profit taking separated streaks of improvement in recent weeks. Even the...
11/18/2014
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Mortgage backed securities (MBS) closed up 9 basis points today at 103.50 having broken through and closed above resistance offered by the 25 day moving average at 103.46. MBS bonds did well to advance with U.S. equity markets having a strong day across the board. The producer price index was s...
11/18/2014
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Standard & Poors stock futures opened the day higher this morning with traders wondering if more new records would be set. During the first half hour of trading, however, stocks drifter lower. Fed speaker Fisher said that the labor market is improving and Consumer Sentiment was slightly higher ...
11/14/2014
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Mortgage backed securities (MBS) closed up 12 basis points today at 103.41 having popped up to touch resistance offered by the 25 day moving average at the 103.44 level prior to closing just below it. MBS bonds had slid all the way down to support at the 103.04 level prior to recovering. The wa...
11/14/2014
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Stock futures looked to rise high this morning as up beat news from Europe buoyed markets there. Wal-Mart reported earnings per share slightly higher than expected further helping the Dow. Initial jobless claims were 10,000 more than expected but still trending downward. U.S. markets showed m...
11/13/2014
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Mortgage backed securities (MBS) closed up 28 basis points today at having passed through resistance at the 103.06 level and closed at its highest level of the day. The 25 day moving average now stands as the next resistance level above. Despite a dismal "D" rating for today's Treasury auction,...
11/13/2014
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Stock futures opened lower this morning after yesterday minimal gains. Traders were taking profits early on as news from the Eurozone continued to disappoint. A poor Treasury auction forced MBS bonds lower. Oil was down and stocks closed mixed as there was little positive action for any quarte...
11/12/2014
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Mortgage backed securities (MBS) closed down 25 basis points today at 103.00 having fallen through support offered at the 103.06 level. MBS bonds closed just on top the 40 day moving average which became the new support level. The fact that the bonds closed at their low level of the day does n...
11/12/2014
Stock futures began the day on the down side as some negative information came in on manufacturing in China. President Obama was in China today signing a deal to extend visa periods for those working and living in the United States. The Conference Board projected a solid pattern of growth in em...
11/10/2014
