Stock Market Summary Thursday 13th September 2012

Posted by Stephen Sutherland on Thu, Sep 13, 2012 @ 10:17 AM
describe the image

Yesterday's market action was positive.

The Nasdaq Composite gained 0.32% in above average volume (Point A) indicating that institutional investors were buying.

Technically the US tech index acted perfectly, bullishly reversing after finding support for a third day running at its cup with handle breakout point (Point B).

Leading stocks action was positive.

Like I stated yesterday ideally from this point I would like to see the Nasdaq gathering its strength for another attempt at breaking through and then staying above the 3134 level (Point C). This would then put an end to this most recent correction.

If on the other hand the Nasdaq does pullback from these levels I would like to see the 3085 level holding (Point D). Indicating this previous resistance has now become support.

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 >>

Topics: Stock Market Summary