Bank of America Sued Over Alleged Mortgage Fraud

Bank of America Corp. (BAC) was sued by the U.S. attorney in Manhattan for allegedly engaging in a scheme to defraud Fannie Mae and Freddie Mac.

The complaint alleges that Countrywide Financial Corp., which was later bought by Bank of America, implemented a loan- origination process that generated thousands of fraudulent or defective loans that were sold to Fannie Mae and Freddie Mac, according to a statement today from the Manhattan U.S. Attorney’s Office

Via bloomberg

Hull Moving Average Collections for MT4

                                                         4 time frame Hull trend

Hull candles

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US Dollar Sinks Past Support

Prices turned lower from resistance in the 9928-38 area, marked by the late August swing bottom and the top of a falling channel set from the early June high. Sellers have now broken rising trend line support set from the September 14 low, exposing the next downside objective at 9823. A further push below that targeting 9740. Alternatively, a reversal through resistance initially aiming for 9985

Via Dailyfx

AAPL stock buyback program begins

Apple has now launched its plan to buy back some $10 billion in stock . The purchase plan spans three years and, although technically underway, is controlled by the discretion of the board, which will determine the best times in the coming 36 months in which to buy stock and in what quantities

Volume Spread Analysis Indicator for MT4

                                            Volume Spread Analysis  SonicR VSA indicator

Volume Spread Analysis BetterVolume indicator

Volume Spread Analysis  Bar Signals

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Volume Spread Analysis Spread &WickHistogram

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US Dollar Grinds Higher

US Dollar continues to grind higher through near-term resistance levels

Prices are testing through resistance at 9893, the 50% Fibonacci retracement level, to challenge the top of a rising channel set from the September 14 swing low (9905). A break above this boundary exposes the 61.8% Fib at 9929. Initial support lines up at 9857, the 38.2% retracement.

Via Dailyfx

Heiken Ashi Indicator For MT4

                                                 4 Time Frame Heiken Ashi Smothed

Heiken Ashi Dema

Heiken Ashi MA T3 Alert MTF

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