Hi Mortgage Coaches! Boom- Big move in bonds again. We have a Mombo Combo driving this move. Russian concerns, weaking in China, Chase Bank dragging down the financial sector and this mornings ISM release was a miss. Rallies like this are tough to call the tops of. If we break out of 105.20, we will most likely run to 105.50, which is a level weve not seen since June of 2013! There is not much news this week, which will leave the market in the hands of the technicals. While I am bullish, there is a better chance we correct down to 104.60, than there is that we run up to 105.50. Having said that...a bullish market is hard to stop. Enjoy the ride but dont bet the farm! Have a great day!
Posted on: Mon, 05 May 2014 14:24:47 +0000
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