aussiebear Posted July 6, 2009 Author Report Posted July 6, 2009 http://finance.yahoo.com/intlindices
aussiebear Posted July 6, 2009 Author Report Posted July 6, 2009 http://money.cnn.com/markets/morning_call/ http://www.kitco.com http://www.kitconet.com/webcharts/base_metals.html Energy futures
aussiebear Posted July 6, 2009 Author Report Posted July 6, 2009 Sinking so far. All Ords -0.7% with Miners, -1.4%, leading the bunch. Materials, -1.3% is next in line followed by Healthcare and Energy, both -1.2%. The only green sector is IT, +0.3%.
Rationalize Posted July 6, 2009 Report Posted July 6, 2009 Riverboaters indeed... Has anyone in the whole freekin world actually backtested MACD?? Aggregate results, using a broad combination of parameters. If anyone has a set of parameters that they thimk actually work, PM me. Looks fine to me. Great indicator with pretty darn good correlation. You should be able to make a lot of money with it. All you got to do is short/fade the signal and you'll do just fine. Actually .. It's not so much to fade the MACD, as not to use it. The problem with the MACD, like all MAs it that it is late. If you enter a trade with it, you will be marginally right, but late. When you exit, you will be marginally right, but late. Net Net, small losing trades. … Ok ok ok.. If you fade it: Entry is marginally WRONG, but late. Exit is marginally WRONG, but late. Net Net, LARGE losing trades. .... Are you sure you want to fade it? It's time for the world to throw this snake oil / manure / "sure fire system" into the biohazard waste bin, where it belongs.
aussiebear Posted July 6, 2009 Author Report Posted July 6, 2009 Today certainly didn't improve for the bullz. All Ords continued the cascade to close -1.1%. Miners and Materials dived -2.3% followed by Energy -2.2%. Consumer Staples was the only green sector, +0.3%. Generally a downer in Asia: Honkers -0.8%, India -3% and Nikkers -1.4%. China bucked the trend to finish +1.2%. Over to UK/Europe: Footsie DAX CAC 40
aussiebear Posted July 6, 2009 Author Report Posted July 6, 2009 Australian Job Advertisements Fell 6.7% in June July 6 (Bloomberg) -- Australian advertisements for job vacancies tumbled in June for a 14th month, adding to signs the nation’s economy is being buffeted by the global recession. Jobs advertised in newspapers and on the Internet dropped 6.7 percent from May and 51.4 percent from a year earlier, the largest annual decline since the series began in 1998, according to an Australia & New Zealand Banking Group Ltd. report released in Melbourne today.
aussiebear Posted July 6, 2009 Author Report Posted July 6, 2009 Shanghai Companies Sign First Yuan Settlement Deals July 6 (Bloomberg) -- Three Shanghai companies agreed to settle import and export contracts in yuan for the first time, as China seeks to reduce the role of the dollar in global trade. Shanghai Silk Group, Shanghai Electric Group Co. and Shanghai Huanyu Import & Export Co. signed contracts worth 14 million yuan ($2 million) with customers in Hong Kong and Indonesia, Fang Xinghai, director general of the municipal government’s financial services office, said at a press conference today. Bank of Communications Co. and Bank of China Ltd. offered transaction services. China, Russia and India have said the world economy is too reliant on the dollar and called for changes in how $6.5 trillion in foreign-exchange reserves are managed, before Group of Eight leaders meet this week. The settlement program and sales of yuan-denominated debt overseas are designed to make the currency more attractive for central banks to hold. “This is a first step on the long road towards that target of making the yuan a global reserve currency,” said Nizam Idris, a strategist in Singapore at UBS AG, the world’s second biggest foreign-exchange trader. “That’s probably going to take five years or more.”
psyche doctor Posted July 6, 2009 Report Posted July 6, 2009 Oil still being terrorized, low so far 64.19
joe3pack Posted July 6, 2009 Report Posted July 6, 2009 'fess up, mr. hanky. your espionage game is tight, cocktail-smooth illustrious. ----- Is A Case Of Quant Trading Sabotage About To Destroy Goldman Sachs? Posted by Tyler Durden at 5:48 PM Major developing story: Matt Goldstein over at Reuters may have just broken a story [well, did he or didn't he? ] that could spell doom for if not the entire Goldman Sachs program trading group, then at least those who deal with "low latency (microseconds) event-driven market data processing, strategy, and order submissions." Visions of swirling, gray storm clouds over Goldman's SLP and hi-fi traders begin to form. http://zerohedge.blogspot.com/2009/07/is-c...industrial.html ----- The second bomb was Goldman Sach's quant-trading software getting stolen. Since GS is a big provider of liquidity to the NYSE, this could potentially throw a monkey wrench into the workings of the market depending upon how GS reacts. Do they panic and just shut the thing down because they are worried that the thieves can front-run their trades? Or do they just keep trading as long as nothing goes haywire? Another firm with GS's code and sufficient capital can now trade like Goldman, which might not be a big deal for the market. It may only reduce GS's trading profits. http://www.trivisonno.com/mondays-trading-7609 ----- edit: well, i guess the dude did write sumthink. don't know for sure whether he'd "broken" it, though. . . . a Russian immigrant living in New Jersey was being held on federal charges of stealing secret computer trading codes from a major New York-based financial institution. Authorities did not identify the firm, but sources say that institution is none other than Goldman Sachs. The charges, if proven, are significant because the codes that the accused, Sergey Aleynikov, tried to steal are the secret sauce to Goldman's automated stock and commodities trading business. http://www.reuters.com/article/etfNews/idUSN0518022220090705
psyche doctor Posted July 6, 2009 Report Posted July 6, 2009 Oil still being terrorized, low so far 64.19 Got long 4 CL contracts under 64, may add more later if lower. Also, long NQ. Workin the night shift, baby! Workin the night shift, hey!
aussiebear Posted July 6, 2009 Author Report Posted July 6, 2009 Cattles Won’t Make Payment on 400 Million-Pound Bond July 6 (Bloomberg) -- Cattles Plc, the U.K. subprime lender whose shares were suspended from trading in April, said it will default on the interest payment due yesterday on a 400 million- pound ($652 million) bond. Cattles, which typically lends about 2,000 pounds to customers with poor credit histories, is struggling to repay 635 million pounds of debt to banks led by Royal Bank of Scotland Group Plc. The lender last week fired six executives and said Chief Executive Officer David Postings will leave after the company failed to write down enough bad debts.
alceringa Posted July 6, 2009 Report Posted July 6, 2009 Well, Joe, if Sergey is a nouveau-KGB , Russian Mafiosa double-crosser, pretending to be an FSS deserter who is really working for the Yakuza on contract from JPM and is being paid in fake Kennedy Bonds, then I think we got something Tom Klancy can work with on that GS story.
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