ARCHIVED BLOG POSTS
2010
2
Comments
Where interest rates are heading.................! What does the future hold in store for us with interest rates? The Fed will stop purchasing MBS (Mortgage Backed Securities) in March. The impact on interest rates and bonds is quickly coming. Rates will go up! The Fed has been purchasing MBS hol...
01/10/2010
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Fantastic Friday morning to all, Morning news: Non- farm payrolls way down -85k vs projected -2k. That should help bonds. Wholesale inventories up 1.5% vs projected -.05. This will hurt bonds. Under-employment(part time workers looking for full time work) up 17.3% vs last report 17.2%. 929k work...
01/08/2010
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Thundering Thursday morning to all, Initial jobless claims 434 vs 449 estimated, continuing jobless claims 4802 vs 4983 estimated. Both were slightly better than expected. This could hurt MBS later in the day. However stronger dollar vs yen and euro and pound...........why their debt ratios are m...
01/07/2010
Quick update with today's close of MBS. Bearish engulfing pattern has developed. Tomorrow we have initial jobless claims est 492k and continuing jobless claims. These will move the market regardless of the technical pattern mentioned above. Techs suggest another correction especially if the two ...
01/06/2010
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Wonderful Weds Morning to all, We opened higher than yesterday's close tested resistance early and dropped since then. ISM came in above 50 which shows growth. We will more than likely test the 10day moving average today. Damage was done early bias towards locking if we fall much lower. Today is...
01/06/2010
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Terrific Tues to all, Pending home sales down 16%, Factory orders up 1.1 above .05 expected. Consumer confidence is due out later. The Fed will be speaking on ending Government bailouts this could move the market either way. Float early........watch for possibly giving up early gains later. Today...
01/05/2010
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Marvelous Monday Morning to all, Off to the races..........ISM supply managers index was up above expectations. That and stocks will put pressure on gains today. MBS opened up higher today let's see if we can re-gain ground lost the past few weeks. Today's market snapshot Charting in detail below...
01/04/2010