Fannie Mae-No Politics (FNMA)

[HGG]

You are right! Tomorrow is a huge day! In the past, 3 green and last large candles turned into a large red candle on the fourth day. However, this time is different.

Fundamentally there are a lot of catalyst happening and few key ones about to happen. We are very close to Earnings release, and potentially net zero. FMCC is about to exercise its deferment in which the prediction is potentially over $30 billion. Banks are being sanctioned JPM, BofA and thirteen others. The more banks get indicted, the harder will be for the government to shut down the GSEs.

Today's news about the election of DR Alving for FNMA board of Directors were great. also were released after hours.

I can't predict what's going to happen, but looking at RSI, BBs, the stock is boarder line with being overbought. the last dip helped it to reset the chart.

Possibly a huge buy in the am followed by a drop. However, MMs are playing against each other as well, so, one might try to sell, while the other ones buying.

Cheers,