ARCHIVED BLOG POSTS
2014
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Stocks started the day moderately higher as stocks in the Eurozone rose in anticipation of further stimulus in reaction to a decline in German factory orders. As usual when corporate earnings begin being revealed after the market closes Wednesday, Alcoa will be first in line to report. With the...
10/06/2014
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Mortgage backed securities )MBS) closed up 10 basis points today at 105.91 having passed through resistance offered at 105.81 level. MBS now sit at the highest point since May of 2013. The bond rose all the way up to touch the 106.0 level prior to closing. There was no economic news and the gl...
10/06/2014
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Mortgage backed securities (MBS) closed even today at 105.78 having fallen all the way down support at the 100 day moving average prior to bouncing back up closing 27 basis points above it. MBS did well to maintain an even keel as stocks rallied in response to a large number of new jobs in Sept...
10/03/2014
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Stocks experienced their worst day of the year today in the wake of bad news from the Eurozone and continued concern about violence from Europe to Africa. Huge quantities of cash shifted from stocks to the perceived safety of Treasuries and Mortgage Backed Securities. All the major markets fell...
10/01/2014
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Mortgage backed securities (MBS) closed up a whopping 47 basis points today at 105,91 having smashed their way through four levels of resistance offered by the 25 and 50 day moving averages and finally the 105.81 level. The huge green candlestick represents a return to the lofty levels of the pa...
10/01/2014