Market Talk / Mar. 15th - 21st

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Market Talk
Monday
March 16, 2009​

General Commentary:

Finally, a half way decent week! Maybe a over-sold bounce or something to build on? Well last week was a bit encouraging. This week we will have several economic reports to test how the market will react.

A look at the chart(s)
The S&P500 [$SPX] Daily
Large Caps

Charts courtesy of www.StockCharts.com​

Pricing remains under the 50dma.

The Bollinger Bands are shownig somewhat less volatility after last week.

The P-SAR has turned bullish.

Volume has been somewhat above average.

The S-STO is between overbought aand oversold levels.

The MACD is showing a positive rise.

Well, that's it for the charts!​

Be careful out there!​

 

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Goldman Sachs Atop AIG Counterparty List- AP
American International Group Inc. used more than $90 billion in federal aid to pay out foreign and domestic banks, some of whom had received their own multibillion-dollar U.S. government bailouts. Some of the biggest recipients of the AIG money were Goldman Sachs at $12.9 billion, and three European banks -- France's Societe Generale at $11.9 billion, Germany's Deutsche Bank at $11.8 billion, and Britain's Barclays PLC at $8.5 billion. Merrill Lynch, which also is undergoing federal scrutiny of its bonus plans, received $6.8 billion as of Dec. 31.