Mortgage backed securities closed down 19 basis points today at 101.75 below the formidable double resistance, yet 47 basis points above the 25 day moving average.  Stochastic indicators may portend poor days ahead for MBS bonds and certainly indicate a turbulent market on the horizon.  There were no economic reports today, so bonds took their cue from yesterday's bearish indicator at the close and money flowed into stocks.

 
Posted by Jeff Jensen on 07/23/2010 05:50 PM   Comments (0)   Market Activity in the ActiveRain Channel  
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