We noticed while perusing our arsenal of technical overlays today that a very rare technical indicator presented itself. As with many other technical analysis overlays, this one certainly muddies up the screen with lots of extra lines and such. But if you look closely, you can see the green line moving up, up, and away--almost "flying" if you will--veritably snorting and breathing fire as it climbs....
It's been a long time....
And for newer readers, this will be the first time .....
It's back ....
The MBS Dragon:
The dragon says things are looking good, and as MBS push to their highs of the day despite a rallying stock market and on a Friday afternoon no less, we'd have to agree. The dragon says float till at least lock cut off. Reassess gains. If you got at least .625, consider locking only the most on-edge deals.
MBS Market Alerts
