Stock Market Summary Saturday July 21st 2012

Posted by Stephen Sutherland on Sat, Jul 21, 2012 @ 11:10 AM
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Yesterday's market action was neutral.

As I mentioned in yesterday's update, today I am making two switches in my ISA portfolio. If you are interested in finding out more please click here.

The Nasdaq Composite fell 1.4% on above average volume (Point A) however Friday was an options expirations day, which often increases volatility and volume. On options expirations days, I believe it's best to focus purely on price action.

Leading stocks action was positive.

At first glance of price and volume behaviour, the day looked negative. However when you take into consideration that it was an options expirations day, it makes it more difficult to say if institutional investors were selling, or whether they were sitting on their hands.

We'll no more as we move into a fresh week. What we do know however is that recently the market has been behaving positively.

To view the funds I hold in my ISA portfolio click here


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.


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.

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Topics: Stock Market Summary