IVR has been heavily oversold, down 80%+ from its all time high.
This is an inverted chart, looks like a head and shoulders formation.. the sun will hopefully burn all shorters :)
I bought calls, Good Luck!
The biological crisis has stabilized, but the financial crisis is just beginning. True, the Fed has been injecting huge amounts of money into the financial system via repo and treasury and mortgage bond buying. In just a few weeks we're doing more QE than we did over 8 months back in 2008. That should help prevent outright bank failures, but there's still going to...
www.RefiwithJustin.com if you own a home in Colorado or Texas!
Monthly view of the 10 year yield here.
Yield touched current levels in 2012 in anticipation of QE3.
Again in June 2016 over Brexit.
3rd time in August/September of trade war.
4th - Coronavirus? I would bet this is this what initiates the break down.
10 yr around 1% or lower coming soon?
My previous version of this chart had a US/China trade "deal" leading to higher rates. This happened.
However, the China virus out break has shocked the market and many are doubting China's ability to meet trade obligations.
Plus, this virus is scary as hell. I mean, flu with modified HIV like?
Is this weaponized Flu aids? Glad I'm in the middle of the US.
This is an update to previous ideas charted at New Years 2019.
The 10 year yield has been following the path of lower yields in a lock step fashion, however the pace of declining yields is concerning. The 3 day looks like Niagara Falls
Where do we go from here?
Currently, the 10 yr yield is in the middle of the 1 (1.32%) and .786 (1.734%) retrenchment lines...
We chose this REIT as it has low P/E ratio 9.31 and price is flat however it is good to time entry.
Great opportunity to buy this stock right now as RSI hits oversold territory. Since 2017 this stock is trading between 6.8 USD - 5.45 USD. We recommend you to buy this stock as it has dividend yield 13.47% per year and current price is appropriate for the first...
Looks like loan officers will be selling 2 and 3 percent fixed mortgages before long. ;)
This is an update to my previous idea:
If you're a fan of Fibonacci, then you're already well aware of the significance of the 1.618 and .618 lines.
If you're not. Here's a super simple...
Especially if you just closed on a mortgage in October or November of 2018, you should call a Mortgage Lender now to compare rates. You may be shocked to learn how much you could save in interest over the life of the loan. For example, 0.5% lower rate x $300K loan balance is approximately $1,500 annually. Think about how long you may have your mortgage and the...
Using Cycle Analysis we can see multiple Intermediate Cycle Lows (ICL) of about 4 to 5 years in duration with the next one due in the second half of 2020. The next event that will signal the direction of rates is if the 10 YR Bond breaks the upward cycle trend line from the last ICL. This could occur two ways: the bond moves sideways and breaks the trendline in...
Looking at the 10yr treasury as a gauge for the overall rate environment and the revised GDP data, I'm predicting the US will see rates rise for roughly the next year before coming to a peak around 3.75% on the 10yr before beginning a new wave lower, just in time for the coming recession in the summer of 2019.
Expect to see 30 year fixed US Mortgage rates above...
I don't particularly enjoy breaking the bad news but we are at record low levels for insured unemployment which is kind of scary for cycle followers.
What we have seen for the last 50 years, a dip in unemployment usually followed by an economic downturn and we see a sudden jump on unemployment numbers.
There are many underlying factors to this, which I will not...
The 10 YR Treasury Note Yield appears to have met strong resistance near the 3.0 mark and is starting to roll over on the weekly charts. Notice the RSI above 70 and starting to hook downward. Every other time the RSI rolled over at or above 70 for the last decade, the trend was down shortly afterwards. The next likely support is at the 2.5 area, which by then...
The 10 year appears to want to either break above the resistance or take on more small trip down to the e wave on this a,b,c,d,e triangle. If it hits the lower triangle boundary and then bounces, then probability is greater that it will then break the upper resistance. So if you are looking to lock a rate, or float watch both triangle boundaries to see what...
USDCAD, 1 Hour.
Elliott Wave - suggests corrective waves (we're basically at the end of the B leg at the time I'm writing this), it might form an advanced pattern to go short. But nothing is complete yet, I'll update this topic when I see changes in the market.
News - RBC (Royal Bank of Canada) as well as other banks changed their mortgage rate (they actually...