Yesterday's market action was positive.
The Nasdaq Composite edged up 0.15% in above average volume (Point A).
Technically the US tech index acted perfectly, bullishly reversing after finding support for a third day running around the 3170 level (Point B).
The top performing index was once again the Nasdaq 100, ending the day at another 52 week high (Point C). It is always good to see the 100 taking the leaders baton and running with it and is just what you expect to see happen in a bull market.
Leading stocks action was positive.
Ideally from this point I would like to see the Nasdaq gathering its strength and joining its big brother the Nasdaq 100 in new high ground. With the Nasdaq 100 now hitting levels not seen in almost twelve years and the overhead resistance out of the way, we could really see the market start to fly.
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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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