WASHINGTON (MarketWatch) -- Applications for new mortgages rose last week for the first time in six weeks as mortgage rates dropped, the Mortgage Bankers Association reported Wednesday.
This is pushing yields up pre-open, boosting the dollar a little against the Yen.
If NQ cracks 1878, next resistance is 1888 (previous year high). Support is 1870/1871.25, followed by 1867. It doesn't matter what the news is, we are still over-stretched and there will be some profit takers on rallies.
This is pushing yields up pre-open, boosting the dollar a little against the Yen.
If NQ cracks 1878, next resistance is 1888 (previous year high). Support is 1870/1871.25, followed by 1867. It doesn't matter what the news is, we are still over-stretched and there will be some profit takers on rallies.
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on Wednesday, April 25, 2007 at 4/25/2007 08:02:00 AM.
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