--- title: Stock Market Summary Friday May 18th 2012 description: "Yesterday's market action was negative. The Nasdaq Composite plummeted 2.1% in heavy volume signaling institutional selling. Russia underper" image: https://www.isaco.co.uk/hs-fs/file-17876541-png/images/stock_market_summary-resized.png --- [![investment guidance service](https://www.isaco.co.uk/hs-fs/file-17903709-png/images/template/logo.png)](https://www.isaco.co.uk/) 0800 170 7750Monday to Friday 8.30am - 6.00pm [Client Log-In](http://members.isaco.co.uk/wp-login.php) - [![x](https://www.isaco.co.uk/hs-fs/hubfs/images/template/social-icons/x.png?width=24&height=24&name=x.png)](https://twitter.com/isaco_) - [![linkedin](https://www.isaco.co.uk/hs-fs/hubfs/images/template/social-icons/linkedin.png?width=24&height=24&name=linkedin.png)](http://www.linkedin.com/company/isaco-ltd) - [![facebook](https://www.isaco.co.uk/hs-fs/file-17902759-png/images/template/icon-facebook.png)](http://www.facebook.com/pages/Isaco/261073283963679) - [![twitter](https://www.isaco.co.uk/hs-fs/file-17903368-png/images/template/icon-twitter.png)](https://twitter.com/isaco_) - [![linkedin](https://www.isaco.co.uk/hs-fs/file-17903004-png/images/template/icon-linkedin.png)](http://www.linkedin.com/company/isaco-ltd) # Stock Market Summary Friday May 18th 2012 Posted by [Stephen Sutherland](https://www.isaco.co.uk/blog/author/stephen-sutherland) on Fri, May 18, 2012 @ 10:30 AM - [Tweet](https://twitter.com/share) ![describe the image](https://www.isaco.co.uk/hs-fs/file-17876541-png/images/stock_market_summary-resized.png?width=209&height=144&name=stock_market_summary-resized.png) Yesterday's market action was negative. The Nasdaq Composite plummeted 2.1% in heavy volume signaling institutional selling. Russia underperformed and global materials and India outperformed. Leading stocks behavior was neutral. In summary nine of the last eleven trading days have been market loss days. As I mentioned yesterday, with having so many down days in such a short period of time, I'm expecting a relief rally soon. Yesterday investors fear heightened and from a contrarian point of view, that's good. The financial media are extremely bearish, which is another good sign that a reversal is near. Indexes and sectors, for example semiconductors, are at or approaching their 200 day moving averages which should provide solid support and are often a perfect place for institutional investors to step in and aggressively buy.   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. ## About ISACO ISACO was established in 2001 by brothers Stephen and Paul Sutherland and is the first financially regulated firm to offer adventurous ISA and SIPP investors a unique personal investment service that shares on a daily basis our star-performing investor’s thoughts, personal insights and investment decisions. Clients enjoy being informed throughout the year what ‘best of breed’ funds our premier investor currently owns, when he’s buying and when he’s moving into the safe harbour of cash – helping clients enjoy more control, manage their portfolio more effectively and benefit from the potential of outstanding long-term returns. For more information about ISACO and our Investment Guidance Service, please read our [free brochure](https://web.isaco.co.uk/investment-guidance-service/). 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