Thursday, June 26, 2008

Mortgage Finance Index Update



One of the first groups of stocks that I turned bearish on back on May 20th was the Mortgage Financial stocks. If you recall I posted how this group of stocks was weaker than the rest of the market and was forming a descending triangle.

As you can see in the above chart, the Mortgage Financial stocks have fallen out of bed since that post. You can read why I was bearish back on May 20th by clicking here

3 comments:

john said...

so now that it has dropped hard, what do you think will happen next?

Kevin said...

still lower

Anonymous said...

that was a beauty

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