Yesterday's market action was positive.
The Nasdaq Composite pulled back 0.19% in below average volume (Point A).
When volume is below average, it means institutional were sitting on their hands and reluctant to sell stock. Yesterday's pullback was therefore healthy, normal and natural.
Leading stocks action was positive. A greater number of leaders were rising in heavy volume compared to those that were falling in heavy volume. When you see this happen on a market down day, it is classed as a bullish divergence.
The Nasdaq continues to work on the handle it started to build on the 20th August (Point B). This handle is now over two weeks in duration.
The good news is the longer the handle takes to complete the more explosive the breakout can be when it occurs (Point C).
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 >>