Yesterday's market action was positive.
The Nasdaq Composite edged up 0.13% in below average volume (Point A).
I've noticed that over the last four days, the S&P 600 has outperformed the general market helping its relative strength line (RS) to point upwards (Point B). This is a bullish signal because small caps tend to lead in upwards trending markets.
Leading stocks action was positive.
The Nasdaq continues to work on the handle it started to build on the 20th August (Point C). From here it will probably do one of two things. The first is to carry on working on its handle and shuffle sideways.
The second is a breakout attempt. This would involve attempting to break through the resistance at 3085 (Point D).
For now, things continue to look good.
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.
Find out where an expert invests
Are you an ISA or SIPP investor with over £100,000 actively invested? Are you looking for better returns but are unsure which funds to invest in? Our personal investment service allows you to buy the same funds as our star-performing investor. You find out where he invests, keep full control of your account, enjoy a close relationship with a trusted expert, and benefit from the potential for attractive long-term returns.
To find out where an expert invests >>
To download our brochure >>
