US EQUITIES

UPSIDE ALERTS (login for Real Time Stock News Alerts)

(+) GM (+8%) Finance unit GMAC gets $5 bln in government bailout funds.

Trading Analysis-

The stock is drifting down its pre-market low of 3.85, still in the green but hovering just above this mark at 3.88 to 3.90. It is well off its early day high of 4.02 as well as higher support levels in this session near the 3.93 to 3.96 area. Buyers are active down at the current lows in the mid-3.80 so longs may want to watch this area to see if a secondary floor support develops here – perhaps an area to play some bounces back into the mid-3.90s.

(+) NFLD  (+89%) Biologics License Application for PolyHeme accepted, granted priority review by FDA.

Trading Analysis-

Stock has been firming higher throughout the pre-market, rising steadily from 0.85 to 1.02. It touched a brief high of 1.12, but it was quick to retreat from this area. The 0.85 to 0.90 area recorded some solid buy support earlier this morning so longs may want to wait for any drop back to this area. More risk tolerant longs may want to watch the 0.98 mark, an area currently getting some decent upside support as the stock attempts to hold gains above 1.00.

(+) DOW (+1%) Stock recording modest rebound after dropping 19% in Monday’s regular session following Kuwait’s move to cancel multi-billion dollar joint venture.

Trading Analysis-

The Stock is trading just above the pre-market low of 15.45, treading water near 15.50. It started the session at a bullish high of 16.15 but quickly melted back to levels below 15.65. Buyers are very active at the lows up to 15.60, an area that may have some legs to see early post-opening bell action and where longs may have some room to catch some swings between the 15.40s and 15.70s.

ETF RECAP

Active-volume exchange-traded funds in Monday's regular session:

SPDR S&P 500 (SPY): -0.3%

iShares S&P 500 (IVV): -0.2%

PowerShares QQQ (QQQQ): -0.8%

Select Financial Sector SPDRS (XLF): -0.9%

iShares Russell 2000 (IWM): -1.5%

iShares Russell 1000 Growth (IWF): -0.6%

iShares MSCI Emerging Markets Index (EEM): -0.2%

SPDR Gold (GLD): +0.9%

United States Oil Fund (USO): +6.3%

Active-volume extended-hours movers:

SPY, +1%

QQQQ, +0.8%

DXO, -1.3%

UYG, +1.5%

USO, -2%

ETF Power Play

One fund with direct exposure to local Israeli shares is the iShares MSCI Israel Capped Investable Market Index Fund (EIS). The fund is so far thinly traded early this morning. The SPDR Emerging Middle East & Africa fund (GAF) has some exposure to Israel-based stocks. The fund has not recorded an early match but is seeing rising bid/ask activity closer to the bell.