Hot news from AZ Home Help:
Posted To: MBS Commentary
There's low volume and there's low volume. Add in snowstorms, a lack of data, and a holiday environment....and volume was barely noticeable. What was noticeable was the somewhat mechanical structure that emerged on the charts by the end of the day though. Indicating either an expected "auto-pilot-mode" in the absence of personel, or algorythm types taking advantage of cheapness created by AM losses (just whiting for that profit to be booked) The chart below illustrates orderly technical movements within a trend channel followed by a rapid breakdown of that trend channel. But if we zoom out to a longer term perspective, we notice the broader trend channel being navigated today Net effect in MBS was a stable and moderately paced rally that took FNCL 4.5's just over 102-00 4.0's also touched their...(
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