- Technical Market Commentary -

June 2, 2010 (FinancialWire) (By Frank Kollar) (Go to http://www.financialwire.net/?s=cmmtry for all recent commentaries.) — As of the close on Monday, June 1, the S&P 500 Index (SPX) had declined 12% from its closing 2010 high.

AmerisourceBergen on the other hand, is within a few percent of its 2010 highs.

AmerisourceBergen closed Monday at $30.81. Its 2010 closing high was $31.79 on May 12.

AmerisourceBergen may not have gained ground over the past several weeks, but as the stock market declined, shares of this blue chip company held their ground.

During times when the markets correct, share of companies like AmerisourceBergen are insurance against losses. And when the market turns around, shares of AmerisourceBergen will outperform those of most of the beaten-down companies.

 (Go to http://www.financialwire.net/?s=frank+kollar to see more commentaries by Frank Kollar.)

The FirstAlert(tm) “Money Index” is an indicator of the depth of market direction or indirection. While not always including the same stocks, the NYSE/NASDAQ/AMEX 24 to 25 Most Actives and NYSE/NASDAQ/AMEX greatest Percentage Losers and Percentage Winners (weighted against pure monetary loss/gain) indicate the direction in which the mass of money is flowing, as well as the general focus of the market. Last session’s Most Actives showed 4 advancers versus 21 decliners. Volume Leaders were led by Citigroup, Inc. (NYSE: C) (streaming research for Citigroup available at http://investrend.stocksmart.com/ri/toc?tid=7921), the SPDRS S&P 500 Trust ETF (AMEX: SPY) (streaming research for SPY available at http://investrend.stocksmart.com/ri/toc?tid=34430) and the PowerShares QQQ Trust ETF (NASDAQ: QQQQ) (streaming research for the QQQ Trust available at http://investrend.stocksmart.com/ri/toc?tid=1044870).

Last session’s Greatest Percentage Winners making the greatest monetary gains were led by Mediacom Communications Corp. (NASDAQ: MCCC) (streaming research for Mediacom available at http://investrend.stocksmart.com/ri/toc?tid=1313753), eLong, Inc. (NASDAQ: LONG) (streaming research for eLong available at http://investrend.stocksmart.com/ri/toc?tid=2010232) and Jones Soda Co. (NASDAQ: JSDA) (streaming research for Jones Soda available at http://investrend.stocksmart.com/ri/toc?tid=223375).

Last session’s Greatest Percentage Losers taking the greatest monetary losses were led by BP PLC (NYSE: BP) (streaming research for BP available at http://investrend.stocksmart.com/ri/toc?tid=7893), Anadarko Petroleum Corp. (NYSE: APC) (streaming research for Anadarko Petroleum available at http://investrend.stocksmart.com/ri/toc?tid=404) and Halliburton Co. (NYSE: HAL) (streaming research for Halliburton available at http://investrend.stocksmart.com/ri/toc?tid=3152). (The complete chart for the FirstAlert(tm) Money Index Synopsis is provided by StockSmart.com, and is accessible via Investrend’s dedicated Stock Smart NYSE-AMEX-NASDAQ Summary webpage at http://www.investrend.com/fa-index-2010-06-01).

FirstAlert(tm), published exclusively by FinancialWire(tm), was created by Gayle Essary, founder of Investrend Communications, Inc., parent of Investrend Information. The opinions expressed in FirstAlert(tm) do not necessarily reflect the opinions of Investrend or of FinancialWire(tm).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” webpage (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Disclosure: The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy holds a position in AmerisourceBergen.

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