VMBS appears to breaking handle in the cup and handle patternNASDAQ:VMBS looks like it broke down today, can some time be leading indicator for rates and SP:SPX
VMBS trade ideas
Vanguard Mortgage backed securities-VMBSWell this looks extremely bad.
To those who aren't familiar with this ETF
- Product summary
- Seeks to provide a moderate and sustainable level of current income.
- Invests primarily in U.S. agency mortgage-backed pass-through securities issued by Ginnie Mae (GNMA), Fannie Mae (FNMA), and Freddie Mac (FHLMC).
- Moderate interest rate risk, with a dollar-weighted average maturity of 3 to 10 years.
