Monday, November 18, 2019

Daily Market Report 11/18/19 The Home Builders Index, which measures the confidence level of Home Builders, slid from 71 to 70 in November.  Stocks are in Negative Territory, as pessimism grows on any US-China Trade Deal happening any time soon.  MBS is currently Up 19bps and fighting to stay above it's Fibonacci level, and rose above it's 25-, 50- and 100 DMA.  Yields are Down to 1.80% and sitting on a Triple layer of Support at 25-, 100 DMA and Fibonacci level.  Mortgage Rates did improve today.

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