Terrific Tuesday to all,
Did we reach the peak yesterday? We opened lower than we closed yesterday and currently are down 22bps with MBS (mortgage backed securities) Pending home sales were way up, new construction spending was up. AIG is repaying some of their loans, Dubai concerns have been eased. Wall ST is enjoying the news and up at the present time. We might be settling into a new trading range, float very carefully. We are still way above the 30 day moving average.
Morning market snapshot click here
More information on the charts click here
Have a great day!