Fannie Mae-No Politics (FNMA)

[Zargis]

If we had closed at $4.02+, it would have been very good. We did not, hence horrible.

The other technical indicators set aside, we need to break out of the descending triangle and have not. While there is support still under us at multiple levels, and while closing above the 20day SMA is good, it really doesn't matter because we haven't really gone up to the 20-day SMA, rather, it came down to us.

Positive and negative at the same time on that one.

Anyway, horrible close in my opinion.

Be well,

-Zargis