Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Lachesis Atropos who wrote (39612)	5/29/2003 3:11:21 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69886

It sure looks like it. My sell signal on the COMPX has just negated. T2113: 5.61. Really quite amazing. A close above 1580. will set the stage for a continued advanced. If you can day trade I would not fight the trend. For a longer position trade or a few days to a few weeks, the short side is favoured, but wait for the index to break. It won't break down in one swift move. There is time on your side.

To: Lachesis Atropos who wrote (39612)	6/5/2003 3:06:33 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69886

Mortgage rates usually anticipate the move by the Fed. The time to short may be on the gap up after the announcement. ********************* Welcome, HLEW [Sign Out] Money Manager - My Yahoo! View - Customize Financial News Enter symbol(s) BasicDayWatchPerformanceReal-time MktDetailedChartResearchOptionsOrder Book Symbol Lookup Reuters 30-, 15-Year Mortgage Rates Set New Lows Thursday June 5, 2:20 pm ET WASHINGTON (Reuters) - The average interest rate on U.S. 30-, 15- and one-year mortgages again dipped to new record lows in the week ending June 6, Freddie Mac said on Thursday. Thirty-year mortgage rates fell to an average of 5.26 percent -- the lowest on Freddie Mac records dating back to 1971 -- from the previous record low of 5.31 percent set last week. ADVERTISEMENT ATTENTION ACTIVE TRADERS · 30 commission-free trades New account special offer · Enjoy FREE real-time data Get Ameritrade Streamer®. · Join Ameritrade Apex Now trade first class See all that Ameritrade offers Open your account now Fifteen-year mortgages dropped to 4.66 percent from 4.73, the lowest on Freddie Mac records going back to 1991. One-year adjustable rate mortgages (ARM) also dipped to their lowest since Freddie Mac began tracing the rate in 1984. The ARM fell to an average of 3.59 percent compared with last week's 3.63 percent. A year ago, 30-year mortgages stood at an average of 6.71 percent, 15-year mortgages at 6.18 percent and the ARM at 4.71 percent. "Anticipation that the Federal Reserve may well cut rates at its next meeting, combined with further weakness in certain sectors of the economy, caused interest rates to fall once again," Frank Nothaft, Freddie Mac's chief economist, said in a statement. The world's largest economy has struggled to extirpate itself from the slump that had been exacerbated by the Sept. 11 attacks. Equity markets suffered further blows as major corruption scandals surfaced. "However the economy is poised for growth in the near future and may begin a gentle upswing soon," Nothaft said, as data slowly pointed to a possible recovery. The Labor Department is set to release May payroll data on Friday, an important report which could affect the Federal Reserve's decision on interest rates. Freddie Mac said lenders charged an average of 0.5 percent in fees and points on 30- and 15-year mortgages down from 0.6 percent last week, while they charged 0.6 percent on the ARM, unchanged from last week. Freddie Mac is a corporation chartered by Congress that buys mortgages from lenders and packages them into securities for investors or holds them in its own portfolio.