Fannie Mae-No Politics (FNMA)

[BennySlots]

Don't buy into those hyper-partisan talking points. There's a few reasons our debt is way up - He finally put the wars on the books, we spent money on bailouts and stimulus because of the recession, and the recession caused tax intake to drop. Fun fact, the annual federal budget has dropped continually under Obama. But that's not all his doing either.

Here's another fun fact: Almost all of the politicians on both sides suck. They're all funded shills.

So enough politics, the real question is whether FNMA is gonna go up or down anytime soon. From a chart perspective, it actually looks like it may fall down soon, IMO. On the hourly chart the 50/100 MAs look they're about to cross down below the 200 MA. Not a great sign...

I know we're all hopeful of this going up LONG TERM, but does anyone have any educated guesses of how this will move short term? Like in the next few weeks or so. If anyone has any unbiased reasoning on either the chart perspective or why the new financials will move this, I'd love to hear it!