This is what we call an “inside day,” where patterns are mixed yet not able to make a major move one way or the other
Bonds and MBS have firmed a bit on the heels [...]
Bonds and MBS have firmed a bit on the heels [...]
Big day in the making as we prepare for 23 [...]
From our technical view, the chart looks more like “crack the whip” than any type of symmetrical trading. Last Friday caught a bid from month end buying (portfolio extension needs), Monday gave it all back as stocks traded and closed above 1000 on the S & P chart, and today’s rally has been derailed by Pending Home Sales.
To borrow from the great Winston Churchill: I cannot forecast [...]