Yesterday's market action was positive.
The Nasdaq Composite rose for a third day in row gaining 0.9% in above average volume (Point A).
The greater than average trade levels suggested that institutional investors had regained their appetite for stocks.
The move on the Nasdaq helped it break through the magic 3000 price level, an area it had been struggling to get through over the last month (Point B).
Leading stocks action was positive.
With the Nasdaq breaking back above 3000, it's helped the market's health shift up a gear.
Due to this I've changed my short-term stance from neutral to bullish.
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.
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.
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