Short Term Trading Member Forum

[techcharter]

Yields and FNM

The yield on the 10 yr Treasury continued its march higher. This is despite overbought stochastics. The yield remains along the upper edge of the uptrending bollinger bands. This steady pace should be fairly sustainable, and has been at a "measurable pace".


Fannie Mae has lost steam. The sideways trading the last few day pushed the price below the lower trendline of the October rally. Stochastics are giving a sell signal. The MACD is rolling over and about to confirm the sell signal. The price didn't bounce off a fibonacci ratio, but the down day last week on huge volume doesn't bode well for future rallies.

http://stockcharts.com/def/servlet/SC.web?c=fnm,uu[w,a]dacayyay[dc][pb50!d20,2!f][vc60][iLp14,3,3!La...