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.
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