ARCHIVED BLOG POSTS
2016
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Mortgage backed securities (MBS) closed up3 basis points today at 104.78 having closed between resistance at the April 30 close above and support offered by the 25 day moving average. With little startling news today MBS bonds managed to climb back above Friday's resistance. Rate were particula...
02/29/2016
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Standard & Poor's 500 futures pointed upward this morning as investors surveilled the G20 meeting the goal of is to improve the world's economies and stabilize oil prices. The 4th quarter Gross Domestic Product (GDP) was adjusted upward to plus 1% and the same the Fed's favorite measure of infla...
02/26/2016
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Mortgage backed securities (MBS) closed down 12 basis points today at 104.66 having fallen away once again from resistance offered by the close of April 30th last year at 104.87 and remained just above resistance offered by the 25 day moving average @104.64. Despite a bad Treasury auction and in...
02/26/2016
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Stocks are starting to develop a pattern of selling off early and the making big comebacks as the day goes on. Today was no different. Durable goods topped their expectations and initial jobless claims were a ho-hum item. The big news once again today was oil selling off early and coming back ...
02/25/2016
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Mortgage backed securities (MBS) closed up 12 basis points today at 104.78 having risen all the way up to touch resistance at the 104.87 prior to closing just 9 basis points below it. With the Fed's Fred Bullard the President and CEO of the St Louis Federal Reserve Bank said today he did not exp...
02/25/2016
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Concerns about the British plebiscite to determine the country's future as a member of the European Union rankled financial markets early today. to add insult to injury, Saudi Arabia stated firmly that they had no intention to cut back their oil production. In reaction stocks plummeted being do...
02/24/2016
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Mortgage backed securities (MBS) closed down 16 basis points at 104.66 having fallen away from resistance and nearly fallen down to support offered by the 25 day moving average at 104.60 prior to closing just 6 points above. MBS bonds which were off to a great start this morning as stocks were t...
02/24/2016
Standard and Poos futures projected a gloomy outlook today. As the day became raw and nasty outside here it seemed as if the stocks were taking there cue from the weatherman. A large decline in consumer confidence pushed pries lower. To make things worse there was unwelcome chatter from Middle...
02/23/2016
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Mortgage backed securities (MBS) closed up 3 basis points at 104.75 having inched ever closer to resistance at the 104.87 level and remained above support offered by the 25 day moving average. The same MBS bonds that had held almost steady yesterday while stocks were doing great managed only a 3...
02/23/2016
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Fueled by higher oil prices, stocks once again moved forward strongly eliminating the losses early year trading. With no economic reports to influence traders and investors,The International Energy Agency not surprisingly predicted a significantly smaller production level in oil over the coming ...
02/22/2016
