China breaking trade rules.

The World Trade Organization made public its first official condemnation of Chinese commercial practices on Friday, releasing a February ruling that sided with the United States, the European Union and Canada in a dispute over car parts.
The verdict -- findings of which were obtained by The Associated Press five months ago -- found that China was breaking trade rules by taxing imports of auto parts at the same rate as foreign-made finished cars.
In the sweeping decision, the three-member WTO panel ruled against China on nearly every point of contention with the U.S., the 27-nation EU and Canada.

Tracking the Dow on Friday:18.07.08

9:30am--A 50.0 point gap-up.


The market was clearly pleased when Citigroup Inc., while reporting a second-quarter loss Friday morning, beat analysts' forecasts and joined Wells Fargo & Co. and JPMorgan Chase & Co. in delivering stronger results than the market anticipated.


10:30am--Bullish harami.
Early gap up has been filled by the bears and has completed the session low.Buy-long position.
11:30am--A hangman.
Sell,close position for 1st session.Google's results were lower than expected, the result of the weakening economy hurting advertising revenue, while Microsoft missed forecasts by a penny. Also, AMD's chief executive stepped down after the chip maker posted a wider-than-expected loss.
1:30pm--Dragonfly and inverted hammer.
A barrel of light, sweet crude fell 41 cents to settle at $128.88 on the New York Mercantile Exchange.
2:30pm--Bearish hammer.
Pullback to day's MAV.
3:30pm--Ascending soldiers.
Rebound to near day's high.
4:00pm--Morning star.
Today is the expiry of Index futures.A short-covering day completed.

Wall Street closed out an impressive week with a mixed performance Friday after disappointing high-tech earnings punctured some of investors' enthusiasm over better-than-expected bank earnings reports.
The spinning top might be a sign of a temporary pause after this tremendous run-up.