About a week ago FHFA announced the GSE's (Fannie and Freddie) will be allowed to retain their capital. This is a vital step if the twin GSEs are ever to be released from their conservatorship. Fannie and Freddie together account for something like 80% of the US mortgage market and every day MBS pools are bought/sold. The great thing about MBS is they have...
Notice the support lines from Nov coming into play again and the nice triangle formation between where the breakout started in November and the are it bounced off of today. Also the amount of cloud has shrunk considerably. $FNMA Long
Notice that beautiful W formation on the 15 Min chart and the breakout about the Cloud also the multiple bounces off the support line at $2.86 notice this was once a level of resistance.
FNMAS TA for reddit user TheSerpent to prove that TA isn't a crock of shit.
Fannie mae looks to have been unlocked by the trump victory i will be watching for possible continuation and another breakout targeting the $4.50 area i think in the long run FNMA could be back in the $20 range
FNMA and FNMAS each had great weeks. Not surprising they close off the highs as long suffering investors take some profits. Still a long way from dividends being restored on preferred and capital build on common (but maybe not, you never know). At these levels preferred might make more sense than common. Either way undeniably positive news ... if it pulls back to...
Will FNMA make the portfolio great again? The potential is yuge!
macd crossed get entry and exit rules like violated 8 ema goal line bearish candles hitting strong ma not moving cloud overhead on weekly but thin always have stop loss order