US EQUITIES
DOWNSIDE
ALERTS (login for Real Time)
(-) LFG(-85%) Fidelity
National terminates merger deal.
Trading Analysis-
Stock is holding a negative
range of 0.75 to its pre-market low of 0.40. Buyers have been active down at
the lows up to about 0.50. It has clawed north of 0.60, but sell momentum is
again picking up the pace here.
UPSIDE ALERTS (login for Real Time)
(+) C (+30%) U.S.
government to inject $20 billion into company.
Trading Analysis-
The stock has soared to fresh
highs in the second-half of pre-market trade, holding upside momentum between
5.65 and its high of 6.06. It is lately straddling the 5.80 level. Citi
recorded a firm floor early in today’s pre-market between its low of 4.78 up to
about 4.90 to 5.00.
(+) GM (+1%) board won’t rule out bankruptcy,
automakers considering going back to Congress to ask for aid.
Trading Analysis-
Stock has spent the bulk of its
morning trade rising from 3.00 to recent fresh highs at 3.25. Buyers have
looked most confident this morning between 3.04 and 3.15.
(+) F (+10%)
automakers considering going back to Congress to ask for more aid.
Trading Analysis-
Stock has moved in tandem with
GM, rising from a low of 1.45 to recent highs at 1.70. Buy liquidity has been
most aggressive between 1.50 and 1.60..
ETF RECAP
Active-volume exchange-traded funds in Friday's regular session:
SPDR S&P 500 (SPY): +5.4%
PowerShares QQQ (QQQQ): +4.3%
Select Financial Sector SPDRS (XLF): +3.1%
Ultra Financials ProShares (UYG): +6.4%
IShares Russell 2000 (IWM): +5.5%
iShares MSCI EAFE (EFA): +7.1%
SPDR Gold (GLD): +7.4%
iShares MSCI Emerging Markets Index (EEM): +14%
United States Oil Fund (USO): +3.7%
Active-volume extended-hours movers:
SPY, +2.7%
QQQQ, +2.2%
UYG, +8%
GLD, +2.2%
USO, +2.1%
ETF Power Play
Another policy move in China should put the major ETFs
covering the area back in the spotlight. iShares FTSE/Xinhua China 25 index
(FXI) is down 0.5% in early trading. The SPDR S&P China index (GXC) hasn't
recorded early matches but its bid/ask gap is narrowing.
According to reports Monday, the Chinese government is
poised to boost the wages of more than 50 million workers, lift the ceiling on
tax-free income, and filtering more funds to low-income households as part of
efforts to boost domestic consumption and check the effects of the economic
downturn.
The National Development and Reform Commission is
considering the measures, which could be formally unveiled during a top-level
economic work group of Communist Party officials in early December, according
to weekend reports by state-run media. Few details of the cost of the stimulus
package were made available.
The plan also includes lower fees for several public
services such as telecommunication, car parks and tourism.
Economists were generally upbeat that the measures would
be effective in getting cash into the hands of consumers, MarketWatch reported.
FREE TRIAL: Get real time pre market, intra-day and after hours stock news and trading ideas
HERE.