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2013
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Japanese Candlestick Charting - The Japanese invented an interesting system of charting the intraday movement of markets. The candlesticks reflect the open, the close and the highs and lows of the day’s trading on a particular product. The configuration of the candlesticks in relation to one ...
01/04/2013
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Mortgage backed securities (MBS) closed up 16 basis points today at 104.16 after having fallen to an intraday low of 103.56 this morning. This created a large green candlestick which looked in sharp contrast to yesterday large red one. The candlestick had two bodies the first going in the same ...
01/04/2013
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U.S. stocks began here with slight losses as traders took profits after yesterdays huge gains. By late morning, however, buyers came in to the market and stocks began to edge upward. When the minutes of the recent FED open market were released, stocks gave up their gains. The minutes revealed ...
01/03/2013
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Mortgage backed securities (MBS) closed down a whopping 65 basis points today at 103.94 having fallen through two levels of support including the 100 day moving average which has been a stalwart base of support for months. The next Strong level of support is over 100 basis points below. It seem...
01/03/2013
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After all the political wrangling, writhing and angst experience throughout the weekend and right through the New Year holiday, the House of Representatives finally passed the bill which approximated a partial fix to the fiscal cliff. Although 77% of American will feel the government squeeze th...
01/02/2013
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Mortgage backed securities (MBS) closed down 19 basis points today at 104.59 having once again come to rest in the neutral zone below the tough double resistance offered by the 25 and 50 day moving averages. Bonds had rough sledding today in the face of the euphoria exhibited by stock traders in...
01/02/2013
