Seeking Alpha

Fundamental Mom...'s  Instablog

Fundamental Momentum
Send Message
Tactical Investing in the 21st Century. The FMAM Team is composed of seasoned Wall Street professionals with combined active experience on the buy side and the sell side of the Street. Together, we have worked as RIA's, managed BD's, banks, and mutual funds as well as proprietary trading desks.... More
My blog:
The Fundamental Momentum Investing Strategy
  • The Momentrix View of the Market for Wednesday June 8, 2011- 0 comments
    Jun 8, 2011 5:28 PM | about stocks: SKF

     The S&P 500 finished lower for the sixth straight day today, another dismal showing for equity investors. The character of the market has changed since May 1, the “sell in May and go away” working perfectly this year. A sell-off of this duration is very rare in a bull market and much more common bear market action.

    We see the probability of a bounce coming with every additional down day, very likely being a good opportunity for us to reduce our underperforming holdings. We could potentially get a more significant lift in prices if this string of days ends with a larger move or whoosh down, creating a little panic.

    The sell-off in the financials seems to be discounting some very bad news and looks to be the worst sector in the market. We don’t see a resolution of this sell-off until there is better action in the financials.

    Themes: skf Stocks: SKF
Back To Fundamental Momentum's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • We hear the S&P just downgraded the earthquake to a 4.9....
    Aug 23, 2011
  • 5.9 magnitude earthquake in Mineral Virginia may be largest earthquake east of the Rockies for 30 years...
    Aug 23, 2011
  • UNCH is in sight, despite the Europeans.
    Aug 16, 2011
More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.