Yesterday's market action was positive.
After gaining 3% on Wednesday and Thursday the Nasdaq completed the picture by adding a further 0.6% on Friday. With volume coming in above average it confirmed once again the big players were in buying mode.
I was also pleased to see the S&P 600 leading the pack and pushing higher after breaking through its 50 day moving average on Thursday. Hopefully if it does pull back from this point this former resistance will now act as support.
Industrial materials and Russia matched the market, India underperformed. Leading stocks action was positive.
Please note past performance should not be used as a guide to future performance, which is not guaranteed. Investing in the Funds should be considered a long-term investment. The value of the investment can go down as well as up and there is no guarantee that you will get back the amount you originally invested.
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