ARCHIVED BLOG POSTS
2010
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Lot of Economic News today, starting with the GDP and Chicago PMI. Bond (MBS) Market is currently up. It may be in an Over-bought position, so look for it to drop in the very near future (basing it on past experiences in this this price range). A little stat that I encountered (not mentioned in ...
04/30/2010
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The Initial Jobless Claims were slightly down from the prior weeks numbers. The Fed's Policy Statement yesterday remained unchanged. Tomorrow will be the Chicago PMI and GDP information. Tomorrow should be the Market Movers of the Week.
04/29/2010
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The Big News today will be the Fed Meeting, which they'll be reading the statement at 11:15am PST (2:15pm PST). Don't anticipate any rate changes. Looking mostly if there will be any change in the language. By the way, Greece was Downgraded yesterday by a whopping 3 notches. This, and some addit...
04/28/2010
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No News today. Relying mostly on the Technicals. We'll have more news later this week, especially Wed. and Fri. We have experienced better pricing from Friday's numbers, as the Trading started about 16bps higher than Friday's Close. We'll possibly remain in good shape, if we remain above the 10 ...
04/26/2010
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The Long Term Upward Trendline has been broken. Good Economic News reported today, starting with the Durable Goods Orders (deceiving report because of exclusion of transportation, number is highest in awhile); and New Home Sales blew the roof. Traders are concerned about the $120 Billion of Sup...
04/23/2010
