---
title: Stock Market Summary Wednesday August 8th 2012
description: "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)."
image: https://www.isaco.co.uk/hs-fs/file-17876541-png/images/stock_market_summary-resized.png
---

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# Stock Market Summary Wednesday August 8th 2012

Posted by [Stephen Sutherland](https://www.isaco.co.uk/blog/author/stephen-sutherland) on Wed, Aug 08, 2012 @ 10:27 AM

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![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 positive.

The Nasdaq Composite rose for a third day in row gaining 0.9% in above average volume [(Point A). ](https://www.isaco.co.uk/media/august08_001_dmu_june_12.png)

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).](https://www.isaco.co.uk/media/august08_002_dmu_june_12.png)

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](https://web.isaco.co.uk/view-my-portfolio/)

 

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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