ARCHIVED BLOG POSTS
2012
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Stocks started off the day in the red but stood up and paid attention as news came out that Fed Chairman Ben Bernanke has sent a letter to the House Service Committee stating that the Fed could to more to stimulate the economy if numbers slipped any more from present levels. As we have discussed...
08/24/2012
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Mortgage backed securities (MBS) closed down 19 basis points today at 103.00 having fallen through and closed below the 50 day moving average. The positive news is that the bond remained 75 basis points above the important support offered by the 100 day moving average. Their was an alert to re-...
08/24/2012
The impending "fiscal cliff" faced by Congress' lack of action in addressing our budget woes combined with additional uncertainty from Eurpoe to put a damper on equity trading in advance of the Fed's release of the minutes from their recent meeting. Stocks were dismal this morning opening lower ...
08/22/2012
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Mortgage backed securities (MBS) closed up a whoppint 84 basis points today at 103.16 having rebounded nicely from the recent lows and perilous flirtations with the 100 day moving average. During the day MBS bonds burst through tough resistance offered by the 50 day moving average and managed to...
08/22/2012
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With no negative news from the Eurozone or locally for that matter, stocks began a slow steady rise this morning. Just to show you how fickle and volatile markets are today, one analyst called for a downgrade on the outlook for shares of Apple stock. Apple had just a few days to enjoy its achie...
08/21/2012
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Mortgage backed securities (MBS) closed even today at 102.31 having experienced a wild ride during the day and having flirted with disaster. Early in the day MBS bonds had fallen 20 basis points below the all-important support level offered by the 100 day moving average. Things looked very poor...
08/21/2012
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Equity markets are traditionally quite slow as this time of year as treaders finish vacations and families poise to prepare for the impending school year. Extremely low volumes of trades can create exaggerated swings and cause markets to move in directions not intended by traders as a whole. To...
08/20/2012
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Mortgage backed securities (MBS) closed up 9 basis point today at 102.31 having further embellished their position above support being offered by the 100 day moving average. While bonds managed to scitter along remaining slightly in posiiitive territory, stocks spent the day dancing just below t...
08/20/2012
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Mortgage backed securities (MBS) closed up 28 basis points today at 102.22 having managed to scrap their way back across the 100 day moving average. As I had mentioned the 102. level has alwsys been a solid area of support and if bonds fall through this level and remain there, the decline could ...
08/17/2012
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Mortgage backed securities (MBS) were down 12 basis points today in a volatile sessiion during which the bonds closed below support offered by the 100 day moving average. There were early gains whiich preserved some reasonable pricing this morning. MId afternoon, however, all those gains were l...
08/16/2012
