http://MikesDailyMarketReport.com: It's a pretty slow day today, as we only have the FOMC Minutes being released later this morning (around 11am PST). Stocks are rebounding this morning on new optimism between US and China Trade negotiations. Reports are coming out that we may have a limited deal coming soon. So, this is boosting stocks! MBS is Down 9bps so far, after 2 days of testing it's ceiling and close in negative territory. Stochastic Chart indicates possible trend reversal, which we have some room with MBS until we hit a double floor (25- and 50 DMA) of support. Yields have climbed back up to 1.56%.
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