ARCHIVED BLOG POSTS
2015
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Stocks floundered a bit this morning in reaction to poor earnings reports from Europe which rattled markets there today. The strong dollar put pressure on stocks early on and McDonald's showed poor earnings. However, a strong report on housing starts allowed stocks to gather speed and advance ...
04/22/2015
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Mortgage backed securities (MBS) closed down 31 basis points today at 102.09 having fallen through resistance offered by the 25 day moving average at the 102.30 level. MBS bonds did manage to close about 6 basis points above its low on the day. That may be good news for coming session. I will ...
04/22/2015
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Earnings season churned onward today and most of the results were good albeit with an eye skewed toward limited results. IBM and DuPont began the day with strong results. DuPont did, however, comment that the strong dollar may affect its profits later in the year. United Technologies listed a 2...
04/21/2015
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Mortgage backed securities (MBS) closed down 9 basis points at 102.41 today having once again closed below resistance offered at the 102.47 level. with no economic reports due out today traders watched earnings reports and monitored the tense situation with the massive amounts Greece owes to the...
04/21/2015
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Stocks, which reacted badly to some margin call changes in Chinese equity markets Friday, bounced back as of result of some stimulus measures once again from China. European shares soared on the news and equity markets here shared their enthusiasm. Morgan Stanley earnings further stimulated mar...
04/20/2015
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Mortgage backed securities (MBS) closed down 9 basis points today at 102.44 having once again fallen below resistance offered by the 102.47 level. As stocks rebounded today, MBS bonds found it hard to remain above water. The bonds which spent most of the day down just 3 basis points, slid away ...
04/20/2015
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A reconfiguration of China's stock pricing messed with U.S. stocks here today. Just four minutes into the session the Dow was down 145 points. Ten minutes later the Dow was down 250 points. For the record, that is no way to start a trading session. Chinese margin lending rules were tightened ...
04/17/2015
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.50 having remained above support offered at the 102.47 level just below. One would have thought that with stocks hemorrhaging that MBS bonds would have a great day. A slightly higher result from the consumer priced index a...
04/17/2015
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A lower than expected season for corporate earnings is helping stocks. Since many pundit's expected earnings to be way off this season, stocks that are earning well are setting a positive tone for equity markets. Once again the perspective of slowing production here have the effect of leading t...
04/15/2015
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.50 having finally surpassed resistance at the 102.47 level after days of trying. n awful Empire State Manufacturing Index number gave MBS bonds a slight jolt this morning. Combined with weaker than expected industrial produc...
04/15/2015
