Stock Market Summary Wednesday 19th September 2012

Posted by Stephen Sutherland on Wed, Sep 19, 2012 @ 09:41 AM
describe the image

Yesterday's market action was positive.

The Nasdaq Composite remained almost flat pulling back just 0.03% on above average volume (Point A).

Even though the indexes didn't really do that much, it was good to see the Nasdaq bullishly reversing off its intraday lows and closing the day almost at its high.

For the second day running it was good to see the Nasdaq 100 trouncing the performance of the benchmark S&P 500 and ending the day in the black after bullishly reversing off its lows (Point B). This can clearly be seen by its steadily rising RS line (Point C).

Leading stocks action was mixed. With a few leaders stalling we may see the market taking a bit of a breather at these levels and shuffling sideways for a while.

If on the other had it does pullback further I would like to see the big players back in buying mode as the 3134 level comes into view on the Nasdaq (Point D).

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