Yesterday's market action was positive.
The Nasdaq Composite gained almost 1% helping it regain most of the loss sustained on Thursday. Another good sign was it finished the day on its high signifying a good chance of it moving higher from this point. On the downside volume was below average which indicates a lack of institutional demand.
It was good to see the S&P 600 finding solid support at its 200 day moving average as it pulled back intraday.
India, Russia and global materials underperformed. Leading stocks continue to act well.
Ideally from this point I would like to see more up days on average or above volume showing the big players are going all in.
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.
If you have any questions or thoughts on the points covered in this post, please leave a comment below or connect with us @ISACO_ on Twitter.
