Another busy day and I skipped the MBA market index earlier ... note: The MBA Q3 delinquency report will be released tomorrow. The MBA reports: Mortgage Applications Decrease in Latest MBA Weekly Survey The Market Composite Index, a measure of mortgage loan application volume decreased 2.5 perce ... Read more

"It's déjà vu all over again". Yogi Berra From the LA Times: Jobless Benefits Set to Expire Unless Congress Acts About one million laid-off workers will see their unemployment benefits end in January ... The [recently] added federal benefits were built on a series of previous extensions ... Read more

After reading some of the commentary regarding the housing starts report this morning, it might be useful to reiterate these three points: Residential investment is the best leading indicator for the economy. Residential investment will not recover rapidly because of the large overhang of exi ... Read more

Does this look like a bullish chart to you? How about this one? addthis_url = location.href; addthis_title = document.title; addthis_pub = 'izzybsofit'; ... Read the full post ... Read more

Sixth Sense!  I have coached a handful of traders in the past and it wasn’t till coaching and working with fellow traders that I realized that some things are not learned from a textbook or a seminar.  You just know!  You know because you have been there in that place in time in the ma ... Read more

Sixth Sense!  I have coached a handful of traders in the past and it wasn’t till coaching and working with fellow traders that I realized that some things are not learned from a textbook or a seminar.  You just know!  You know because you have been there in that place in time in the ma ... Read more

F-Shift Forecaster SPY 12 WEEK forecast               http://www.screencast.com/t/NzYxZGFmZjEt  (Click to enlarge) Using the F-Shift Forecaster, I wanted to get an idea – a PROBABLE idea as to where we are headed in the overall market. I downloaded WEEKLY historical data courtesy ... Read more

The Census Bureau has released the " Quarterly Starts and Completions by Purpose and Design " report for Q3 2009. Monthly housing starts (even single family starts) cannot be compared directly to new home sales, because the monthly housing starts report from the Census Bureau includes apartment ... Read more

Three additional banks have won approval to join the federal government's bailout program, according to the Treasury Department's recently released update of participating institutions. Indiana-based Fidelity Federal Bancorp received $6.6 ... Read the full post ... Read more

Three additional banks have won approval to join the federal government's bailout program, according to the Treasury Department's recently released update of participating institutions. Indiana-based Fidelity Federal Bancorp received $6.6 million in assistance, in exchange for which it gave T ... Read more