9/5 Friday ... Still Holding Support Line
By:
Matthew Graham
•
We've been trending along the 50% retracement support line still, leaving the 5.5 at 99-20.
This will have caused some lenders to reprice for the worse, but with the dow and S&P having pared yet more losses and with MBS holding steady, this is a good sign.
More to follow as things change, if they change.