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MBA: Mortgage Applications Decrease in Latest Weekly Survey; Purchase Activity 7% Below Pandemic Low
over 1 year ago by Calculated Risk @ Calculated Risk

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly SurveyMortgage applications decreased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 7, 2022.... The Refinance Index decreased 2 percent from the previous week and was 86 percent lower than the same week one year ago. The seasonally adjusted Purchase Index decreased 2 percent from one week earlier. The unadjusted Purchase Index decreased 2 percent compared with the previous week and was 39 percent lower than the same week one year ago. “Mortgage rates moved higher once again during the first week of the fourth quarter of 2022, with the 30- year conforming rate reaching 6.81 percent, the highest level since 2006. Mortgage rates increased across all product types in MBA’s sur...

Silver (SI) Daily MACD Tries Negatively Crossing
over 1 year ago by IBKR Traders’ Insight

Silver (SI) is trying to firm after a week of profittaking, but remains vulnerable to testing the 2022 low sometime in October. The post Silver (SI) Daily MACD Tries Negatively Crossing appeared first on Traders' Insight.

Wednesday: PPI, FOMC Minutes
over 1 year ago by Calculated Risk @ Calculated Risk

From Matthew Graham at Mortgage News Daily: Mortgage Rates Escape Harsher Fate as Bonds Fight to Hold GroundTreasury futures took a beating on Monday as the UK bond market once again traded in panic mode. The high rate implications were still...

Downward Drifts the Market | David Keller, CMT | The Final Bar (10.11.22)
over 1 year ago by StockCharts @ StockCharts.com YouTube Channel

Guest Bob Lang of Explosive Options compares the S&P 500's recent spike with the failed breakout in early September. Host David Keller, CMT answers viewer questions on downside targets for gold and positive trends for energy stocks. 00:00 - Intro 02:19 - Market Recap 12:25 - Bob Lang 19:34 - Mailbag Q1: On a recent episode you said normally bonds recover first, then stocks and then commodities. Isn't DVN a commodity stock? 22:44 - Q2: Gold 1680 support has broken. So my take is that opens up 1450 or even the 2019 breakout at 1350. You seem to have it as a short term long? 24:31 - Q3: Larry Williams recently mentioned his indicators Williams Cycle Forecast and Williams True Seasonal. Where can I find these on StockCharts? 25:51 - Q4: I was stunned to hear that you don't typically buy individual stocks as you don't find it to be worth your time. May I ask you what you do buy? 27:14 - 3 in 3: Microsoft, 10-Year Yield, DJ Travel/Tourism Index Email - thefinalbar@stockcharts.com Twi...