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A Busy Week Ahead - 30 November to 4 December
| Mortgage Bonds are currently testing tough resistance levels. With only $211 billion left to purchase in the Mortgage Backed Security purchase program, it could be a hard to close and trade above...more |
Short But Jam-Packed Week
| Stocks got a boost on a survey released this morning from the National Association for Business Economists (NABE), which lifted its forecast for economic growth over the next year. While it seems t...more |
Mortgage Bonds Running Out Of Gas
| After hitting resistance at price peaks on Monday, Mortgage Bonds are drifting lower. A look at the chart now shows a Negative Stochastic Crossover as well as lower highs each of the last two...more |
Mortgage Bonds Hitting Firm Resistance
| Mortgage Bonds are trading near unchanged levels this morning as they hover near a firm resistance level. Bonds have not been able to move above this level since early October, when Bonds traded ab...more |
Mortgage Bonds Holding Steady
| Mortgage Bonds are starting the day near unchanged levels after Initial Jobless Claims came in slightly better than expected. Continuing Claims also fell--but, as I've said before, that's likely du...more |
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