Tuesday 11/4 ... Beginning slight uptrend

Although stocks are near their highs of the day with the Dow at 270 (ish) and the S&P just over 1000, MBS are also at their highs with 6.0's up 7 ticks from "going out" levels at 100-12+.

A reasonable trend channel is forming although this 100-12+ level is a re-test of a double top, the first peak of which occurred just over an hour ago. If we can break it while stocks are still at their highs, it would be a good sign and a firm float indication for the rest of the day