• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

The Market Wrap Report by Christian Penner

The Market Wrap Report given to you by Christian Penner Mortgage Broker West Palm Beach: CLOSING TECHNICAL SIGNAL: The Bears pushed MBS lower today after the Bearish Evening Pattern formed on Friday. But the losses were moderate compared with the drubbing that Treasury securities took. Look for sideways to lower for MBS. MARKET WRAP: Talk that European officials said that the European Investment Bank (EIB) would issue special bonds and buy up distressed

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CLOSING TECHNICAL SIGNAL & MARKET WRAP

CLOSING TECHNICAL SIGNAL: It is not a classic one, but the 3-day pattern is very close to a Bearish Evening Star, which is a major top reversal pattern formed by three candlesticks. The long Red Candle on the third day, being today, confirms the reversal pattern. MARKET WRAP: Investors sold Bonds today and took some profits after the big surge in prices this week.Markets don’t go straight up or straight down so

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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