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Marc Chaikin
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After more than 40 years on Wall Street, Marc Chaikin founded Chaikin Analytics LLC in 2009 to deliver proven stock analytics to financial service professionals and individual investors. With the Chaikin Power Gauge, an alpha-generating quantitative model as its centerpiece, Chaikin Analytics... More
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Chaikin Analytics LLC
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Chaikin Power Gauge Stock Rating Blog
  • Ignore the Headlines - Buy the test of August's Lows 0 comments
    Sep 12, 2011 8:45 AM | about stocks: ABC, AMGN, CI, AET, HUM, UNH, AAPL, CBS, DISH, ACE, DFS, NDAQ, IBM, M, VZ

    Monday Market Comment from Marc Chaikin                            12 Septemeber 2011

    U.S. markets are being driven lower by fears of a Lehman like crisis in Europe. The ECB has seen cracks in the trenches as the various schemes to ameliorate the sovereign debt crisis have failed to calm nervous markets. With Trechet due to be replaced soon and Germany facing near zero GDP growth in the current quarter, perhaps we will see some resolution of the PIIGS debt debacle soon.

    Absent that and with Congress predictably cool to President Obama’s jobs plan expect the markets to test the August lows on the S&P 500 at 1101.54 and the DJIA at 10,600.

    Our advice of 2 weeks ago was to sell into the rally above 1200 on the S&P and buy Bullish or Neutral/Trend - Down Power Gauge rated stocks on weakness only. That buying opportunity may be at hand in the near term.

    As the market approaches August’s lows, ignore the headlines which are sure to play up the fears of a repeat of 2008 and begin to accumulate stocks for the long haul with positive potential as measured by the Chaikin Power Gauge.

    Buy Large Cap stocks in Health Care, Media and selected Financial, Retail,Telecommunications and Technology stocks as the market tests its’ recent lows.

    The following stock all have Bullish or Neutral/Trend Down Chaikin Power Gauge ratings which indicate positive potential over the six months:

    AmerisourceBergen(NYSE:ABC), Amgen(NASDAQ:AMGN),Cigna(NYSE:CI), Coventry Health(CVH),Humana(NYSE:HUM), UnitedHealth(NYSE:UNH),Apple Inc.(NASDAQ:AAPL),CBS(NYSE:CBS), Dish Network(NASDAQ:DISH), ACE Insurance(NYSE:ACE), Discover Financial(NYSE:DFS), NasdaqOMX(NASDAQ:NDAQ), IBM(NYSE:IBM),Macy’s(NYSE:M) and Verizon(NYSE:VZ).

    Stocks: ABC, AMGN, CI, AET, HUM, UNH, AAPL, CBS, DISH, ACE, DFS, NDAQ, IBM, M, VZ
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