ARCHIVED BLOG POSTS
2015
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Fear of a global economic downturn and rising interest rates caused stocks to plummet around the globe and caused serious losses in domestic equity markets today. The ongoing distress in China continued to roil markets. Fear and uncertainty are of the greatest forces which can cause losses. To ...
08/20/2015
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Mortgage backed securities (MBS) closed up 12 basis points today at 103.94 having once again broken through resistance offered at the 100 day moving average. the fact that MBS bonds closed 16 points above the average is a positive sign. It should be noted, however, that today's huge sell of in ...
08/20/2015
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Standard and Poor futures were down this morning as the Chinese stock market continued to wallow in heavy losses. At the same time Walmart reported lower earnings for their most recent labors. Together that sounded like the formula for a really bad day in equity markets here. As it turned out,...
08/18/2015
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Mortgage backed securities (MBS) closed today at 103.44 having remained just 6 basis points above support offered by the 25 day moving average, As to be expected in late August trading, the MBS pit was full of lethargy today as vacations and light volume carried the day. Tomorrow the minutes of...
08/18/2015
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Stocks had yet another adventure today after having broken a long string of downward days last week. As oil prices continued to sink, stock futures looked a bit shaky. True to form stocks began lower due to a falling Chinese Juan and lower manufacturing numbers prior to making a recovery later...
08/17/2015
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Mortgage backed securities (MBS) closed up 9 basis points today at 103.44 having remained just above support offered by the 25 day moving average and just below resistance at the 103.59 level. MBS bonds may once again have aspirations of overtaking the 200 day moving average which helped out int...
08/17/2015
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Stocks made a small comeback today after leveling off yesterday from the dizzying string of losses reaching back for a week. As the New York Fed continues to prop up MBS bonds with some sizable purchases, the European GDP and oil prices continue to sag. The year over year producer price index w...
08/14/2015
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Mortgage backed securities (MBS) closed down 12 basis points today at 103.34 having fallen through support offered by the 25 day moving average prior to closing just above it. If MBS bonds can bounce upward from this level there is hope that they could make another run at the 200 moving average....
08/14/2015
What is a death cross in financial markets you might ask. It is a bearish sign which is created when the 50 day moving average crosses below the 200 day moving average. Traditionally the 50 day moving average is used to track short term trends while the 200 day average is used to measure the lo...
08/11/2015
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The Chinese raked havoc with world equity markets today as they devalued their currency by about 2% over night causing and put in place measures to allow it to float with the world market. The effect had stocks hemorrhaging and Treasury and bond markets dancing. Not so fast though. Bond market...
08/11/2015
