Monday, January 26, 2009
Saturday, January 24, 2009
Thursday, January 22, 2009
Still long...
I think blogs are a bad idea. You find yourself forcing the issue to try and find things to write about. A lot of stock trading is sitting and waiting without anything creative or colorful to report.
The bond business has slowed down recently to a sustainable roar. Mortgage rates nudged up slightly and the secondary market dried up quite a bit from the conditions going into the end of the year. The street is a vastly different place with the demise of Bear, Lehman and Countrywide etc. There's a LOT more business to go around for the remaining dealers. It's almost scary how much more business we're doing compared to a year or so ago. Oh, for anyone reading this who doesn't know what I do professionally, I'm a mortgage backed securities trader. Ginnie, Fannie, Freddie. Mostly what I trade are secondary issues...i.e. bonds that might have been issued a year or two ago as opposed to primary issues which are newly originated and securitized bonds.
The bond business has slowed down recently to a sustainable roar. Mortgage rates nudged up slightly and the secondary market dried up quite a bit from the conditions going into the end of the year. The street is a vastly different place with the demise of Bear, Lehman and Countrywide etc. There's a LOT more business to go around for the remaining dealers. It's almost scary how much more business we're doing compared to a year or so ago. Oh, for anyone reading this who doesn't know what I do professionally, I'm a mortgage backed securities trader. Ginnie, Fannie, Freddie. Mostly what I trade are secondary issues...i.e. bonds that might have been issued a year or two ago as opposed to primary issues which are newly originated and securitized bonds.
Wednesday, January 21, 2009
Tuesday, January 20, 2009
Memo to self...
Keep an eye on biotechs. Stronger right now than the pack. Also defense related, pharmas, healthcare, computer hardware*.
Wrong...
Bought the dip....bailed the fail...out and flat. Trying to countertrade this bear is proving to be most unproductive. I think I'm gonna sit and watch for a while. Maybe....
U.F.O.
U.F.O.
Monday, January 19, 2009
Buy the dip?
Looks like we may get a dip in the morning as the overnight session looks a little weak so far. The fastest indicator I use (Slow Stochastics) says buy right here. Other yardsticks don't disagree.
U.F.O.
Inverted head w/multiple shoulders or not?
Do we get a countertrend rally this week off a complex bottom that may be forming here or is the proverbial goose cooked? Market is at a critical juncture.
U.F.O.
Saturday, January 17, 2009
U.F.O. - Rebellion (Rants Of A Bond Trader)
Post #1 by someone who has never done a blog in his life. This is a test.
Subscribe to:
Comments (Atom)
