S&P Dec 3, 2008 9:26 cst – TradersAudio.com

Locals Buy into new highs, then Sell to buy stops.

Ben Lichtenstein has appeared on CNBC and Bloomberg TV, has shared his expertise on Bloomberg radio, and has been published in numerous periodicals including Futures magazine and Stocks & Commodities. He is a member of the Chicago Mercantile Exchange with over 15 years of experience working on the trading floor.

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TradersAudio.com broadcasts LIVE, via the internet, from the Chicago Mercantile Exchange S&P 500 Futures trading floor 8:30 – 15:15 cst and the Chicago Board of Trade Treasury trading floor 7:20 – 14:00 cst – Monday through Friday, for holiday schedule click here http://www.cmegroup.com/tools-information/holiday-calendar/index.html

TradersAudio.com subscribers are individual stock, futures and bond traders, fund managers, stock and futures brokers, futures analysts and corporate institutions in countries around the world.

Free DAILY Equity Futures Support and Resistance Numbers (updated by 8:00 cst) http://www.TradersAudio.com/daily/index.php?page=support-and-resistance-numbers

For glossary of terms used http://www.TradersAudio.com/daily/index.php?page=glossary-of-terms

Listen to FAQ’s (MP3 format) from TradersAudio.com subscribers http://www.tradersaudio.com/faq.html

The broadcasters may call the S&P e-mini ES Globex contract, ‘minis’, ‘the mini’ or ‘the screen’. Also, they may call the S&P CME SP Pit Traded contract, ‘the big contract’ or ‘the S&P’. The broadcasters are calling the trades within a few feet of the S&P CME SP trading pit and are referring to the S&P CME SP contract.

You are hearing the broadcasters quote the current bid and offer of the S&P CME SP pit traded contract – quickly. When they say ’0 even bid at one half’, that could mean 1280.00 is the bid and 1280.50 is the offer. But could also mean, 1290.00 is the bid and 1290.50 is the offer. They are broadcasting tick for tick and must quote the figures to stay with the pit action. When the pit is packed and active they may just say, ’0 at half’ or ’20 bid at 70′. It is easy to follow along when looking at the ES chart and trades.

The prices you SEE in the video are the S&P e-mini (electronic symbol ES) Globex Dec 2008 contract. The prices you HEAR are the S&P CME (pit traded symbol SP) Pit Traded Dec 2008 contract. The two contracts trade within a tick or two of each other, during pit traded hours 8:30 – 15:15 cst.

The pit traders are trading the SP and may trade the ES also. When they do, the broadcasters may say ‘they’re trading the mini’ or ‘they just sold/bought the mini’.

Click here for more information: http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500_FO.html

The subscribers of TradersAudio.com are listening to the SP contract trading Live in Chicago while watching the ES, another futures contract or stock on their computer.

*This is not trading advice. These videos are for informational, educational and entertainment purposes only. Full product information on the S&P 500 Futures is available at the CME website http://www.cmegroup.com – We are not a brokerage firm, we do not take trading orders, do not execute trades or manage customer accounts. The Squawk Box is not trading advice and provided for informational purposes only. No claims or representations of profitability are being made herein.

Author: tradersaudio
Keywords: YM futures analysts stock market day trading emini squawk SnP s&p commodities charts finance money
Added: December 3, 2008

Posted in Uncategorized

Twit.tv talks about nature of Journalism, Fox Business, CNBC bullishness on market

http://twit.tv/171

Author: Subscribe4MoreNews
Keywords: This Week in Tech talks about Journalism Fox Business CNBC msnbc cnn rush limbaugh lou dobbs ron paul kucinich fairness doctrine hannity o’reilly right wing michael savage obama mccain palin biden bull bear market recession depression manoftruth man of truth fed federal reserve gold standard union bailout gm ford chrysler unions
Added: December 3, 2008

Posted in Uncategorized

Luck runs out for lottery fraudster (Victoria Times Colonist)

VANCOUVER — A Vancouver man who preyed on three elderly Americans in a telemarketing lottery scam has received a conditional sentence of two years less a day. Michael John Pearce, 38, was found guilty of one count of fraud over $5,000 and two counts of fraud. The victims sent tens of thousands of dollars to Pearce as “fees” for non-existent lottery prizes.

Lottery Foes Go To Court (Times Record)

LITTLE ROCK — With early voting for the November general election starting next week, opponents of Lt. Gov. Bill Halter’s proposed state-run lottery urged the state Supreme Court to remove the measure from the ballot Monday, arguing it does not define lotteries and could open the door for casinos.

Wichitan claims lottery jackpot (The Wichita Eagle)

The winner’s identity remains a mystery at a North Broadway convenience store where a Wichita man bought a $12.2 million lottery ticket over the weekend. The owners of KC Gas & Groceries, 1161 N. Broadway, said Tuesday that they had no idea who the lucky winner might be. “No clue,” said Farzana Rahman, who owns the store with her husband, Md Rahman. “We don’t know,” Md Rahman said. The …