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Allgen Featured in Orlando Sentinel: Relationships on Twitter

Posted on 06 March 2009 by Allgen Financial

Allgen Financial Services has recently received a significant amount of press for its innovative approach to fostering relationships with its clients and members of the business community by using social media such as Twitter.

“As a retirement investment advisory firm, we are on the cutting-edge in our thinking and approach to relationship connectivity. We have our finger on the pulse for how individuals and businesses are communicating with each other in 2009,” said James Zimbardi, Senior Partner at Allgen Financial Services, Inc.

The latest article published has been written by Beth Kassab of the Orlando Sentinel. She has been carefully tracking the value of Twitter in the marketplace for the last few months.

Full Article: Not yet aflutter for Twitter, but getting there

Beth Kassab | Business Columnist | Orlando Sentinel

Allgen on Twitter: http://twitter.com/AllgenFinancial

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Tags: allgen, Allgen Financial, charts, economy, index, Large Cap Index, market trends, nasdaq, November 2008, November lows, Retirement Investing, S&P 500, stocks, technical analysis

S&P 500 Bounces Off of November 2008 Lows on 02-24-09

Posted on 26 February 2009 by Allgen Financial

The market has its eyes on a retest of the November lows for the last month and the first test of those lows was a successful bounce. This doesn’t mean we will start into a new bull market, but it is an incremental positive. Last years November lows for the S&P 500 were at 741, yesterday’s low was 742 (chart below). Today the S&P 500 rallied 4% and volume was higher across the board. This support level is very important and we will see if the market can continue to hold and hopefully go higher from here. At the same time we will be on guard in case the market breaks below this important support level. If the market breaks below support we will sell our weaker holdings and add to our cash levels until markets stabilize.

We realize the news about economy is extremely weak, but it should be noted there are a few bullish characteristics visible if you do some sector and style analysis. For example, year-to-date two of the best performing sectors are information technology and biotechnology. Also, growth stocks as a whole are outperforming value stocks handily. Additionally, the NASDAQ considered more of a growth-type index has been much more resilient than the S&P 500, and is significantly above its November lows. These three examples are bullish characteristics, and are usually apparent as you enter an expansionary cycle of the economy. It’s is also important to note the market is forward-looking so even though we are currently in a contracting economy, the very next stage of the economic cycle is expansion. So, if expansionary stocks are doing better than the rest of the market, this is usually a sign of good things to come. However, to reiterate, this is only one up day and we are taking it one day at a time.