China’s Stocks Drop, Extending Biggest Plunge in Eight Months

July 30 (Bloomberg) -- China’s stocks fell, extending theShanghai Composite Index’s biggest loss in eight months , afterthe central bank said it will use market tools to controllending growth. Developers led the decline. The Shanghai Composite fell 1.2 percent to 3,228.75 at the11:30 a.m. trading break, as China Vanke Co. and Poly RealEstate Group Co., the nation’s two biggest developers, slid morethan 4 percent. The measure tumbled 5 percent yesterday amidconcern the government will curb
Posted under Futures Trading Systems by Content Keyword RSS on Wednesday 29 July 2009 at 9:30 pm

In The News Today

Jim Sinclair’s Commentary One out of ten put of work by OTC derivatives and we all subsidize the Banksters? Where is the public outrage? God help us all. Out of the TARP, But Still on the Dole Posted by Mark A. Calabria While banks such as Goldman and J.P. Morgan have managed to find a way to re-pay the capital injections made under the TARP bailout, their reliance on public subsidies is far from over. The federal government, via a debt guarantee program run by the FDIC, is st
Posted under Futures Trading Systems by Content Keyword RSS on Wednesday 29 July 2009 at 1:31 pm

Oxen Group’s pick: Shorting CNX

Oxen Group’s pick: Shorting CNX Courtesy of David at the Oxen Group If I were a betting man, I would bet the market is still going to trend down Wednesday and it won’t have the sort of rebound it has had over the past three session. Yet, even with futures posting their lowest numbers in weeks going into today’s trading, the market still will be heavily influenced by important reports on crude oil inventories, durable good orders, earnings from Sprint, Time Warner, and ConocoPhillips. Howev
Posted under Futures Trading Systems by Content Keyword RSS on Wednesday 29 July 2009 at 6:27 am

Wall Street Breakfast: Must-Know News

MSFT, Yahoo reach search deal. At long last, sources say Microsoft ( MSFT ) and Yahoo ( YHOO ) have reached a search deal and will announce it within the next 24 hours. Yahoo will use Microsoft's Bing search-engine technology on its own sites, including the Bing brand, and will supply search text ads on its sites and some of Microsoft's. The deal appears to be structured as a revenue share with no upfront fee, with Yahoo taking 110% the first two years and 90% in the third. The deal is on a sm
Posted under Futures Trading Systems by Content Keyword RSS on Wednesday 29 July 2009 at 4:16 am