---
title: Stock Market Summary Saturday 10th November 2012
description: "Yesterday's market action was positive.  
  The Nasdaq gained 0.32% on above average volume  (Point A).  Above average trade on a day the market mov"
image: https://www.isaco.co.uk/hs-fs/file-17876541-png/images/stock_market_summary-resized.png
---

[![investment guidance service](https://www.isaco.co.uk/hs-fs/file-17903709-png/images/template/logo.png)](https://www.isaco.co.uk/)

0800 170 7750Monday to Friday 8.30am - 6.00pm

[Client Log-In](http://members.isaco.co.uk/wp-login.php)

- [![x](https://www.isaco.co.uk/hs-fs/hubfs/images/template/social-icons/x.png?width=24&height=24&name=x.png)](https://twitter.com/isaco_)
- [![linkedin](https://www.isaco.co.uk/hs-fs/hubfs/images/template/social-icons/linkedin.png?width=24&height=24&name=linkedin.png)](http://www.linkedin.com/company/isaco-ltd)

- [![facebook](https://www.isaco.co.uk/hs-fs/file-17902759-png/images/template/icon-facebook.png)](http://www.facebook.com/pages/Isaco/261073283963679)
- [![twitter](https://www.isaco.co.uk/hs-fs/file-17903368-png/images/template/icon-twitter.png)](https://twitter.com/isaco_)
- [![linkedin](https://www.isaco.co.uk/hs-fs/file-17903004-png/images/template/icon-linkedin.png)](http://www.linkedin.com/company/isaco-ltd)

# Stock Market Summary Saturday 10th November 2012

Posted by [Stephen Sutherland](https://www.isaco.co.uk/blog/author/stephen-sutherland) on Sat, Nov 10, 2012 @ 11:48 AM

- [Tweet](https://twitter.com/share)

![describe the image](https://www.isaco.co.uk/hs-fs/file-17876541-png/images/stock_market_summary-resized.png)

Yesterday's market action was positive.

The Nasdaq gained 0.32% on above average volume [(Point A). ](https://www.isaco.co.uk/media/nov10_001_dmu_june_12.png)Above average trade on a day the market moves higher indicates institutional buying.

Leading stocks action was positive.

The Nasdaq appear to have some strong support at these levels [(Point B). ](https://www.isaco.co.uk/media/nov10_002_dmu_june_12.png)Yesterday's bounce didn't seem that impressive but it did help to stabilise the market. Plus what many commentators are missing is the behaviour of leading stocks. When markets get into trouble, leading stocks plummet. When leading stocks plummet, leading growth funds plummet too.

Why then have funds like the ones I own been holding firm? It's clearly a clue that the market is in better shape than most people are making out. I remain neutral short-term. I still believe this a brief shakeout below key moving averages.

If something was wrong, my portfolio would have seriously suffered, probably much worse than the Nasdaq. That tells me that this is probably a shakeout below key moving averages, possibly like the one the Dow had from the 1st to 6th June, earlier this year [(Point B). ](https://www.isaco.co.uk/media/nov09_002_dmu_june_12.png)I remain neutral short-term.

Both the Nasdaq and the 600 acted poorly for the week. However when you look under the surface, leading stocks continue to act well which tells me this weakness is probably going to turn out to be temporary in nature. I feel that the market is close to a bottom. I say this because the Nasdaq has tremendous support at these levels which goes all the way back to April 2011 [(Point C).](https://www.isaco.co.uk/media/nov10_003_dmu_june_12.png)

 

Please note past performance should not be used as a guide to future performance, which is not guaranteed. Investing in 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? ISACO Wealth, our personal investment service, allows you to **[buy the same funds as a star-performing investor](https://web.isaco.co.uk/view-my-portfolio/)**. 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.

**>" href="http://web.isaco.co.uk/view-my-portfolio/" target=_self>To find out where an expert invests >>**

**>" href="http://web.isaco.co.uk/investment-guidance-service-b" target=_self>To download our brochure >>**

**> " href="http://web.isaco.co.uk/14-day-free-trial" target=_self>To start your 14 day free trial >> **

 

 Topics: [Stock Market Summary](https://www.isaco.co.uk/blog/topic/stock-market-summary)

### Subscribe by Email

[![New Call-to-action](https://no-cache.hubspot.com/cta/default/142026/07d30346-56f4-4eb5-8ed0-732a7176cee7.png)](https://cta-redirect.hubspot.com/cta/redirect/142026/07d30346-56f4-4eb5-8ed0-732a7176cee7)

[![Is it time to raise cash?](https://no-cache.hubspot.com/cta/default/142026/460b895e-92d4-40cb-8d29-7790bbfaa396.png)](https://cta-redirect.hubspot.com/cta/redirect/142026/460b895e-92d4-40cb-8d29-7790bbfaa396)

[![New Call-to-action](https://no-cache.hubspot.com/cta/default/142026/fc21adc1-6c65-42a1-a7bc-625e3a3d87f2.png)](https://cta-redirect.hubspot.com/cta/redirect/142026/fc21adc1-6c65-42a1-a7bc-625e3a3d87f2)

[![New Call-to-action](https://no-cache.hubspot.com/cta/default/142026/1280942b-07b3-4031-a3e3-ca2a58a1c4a3.png)](https://cta-redirect.hubspot.com/cta/redirect/142026/1280942b-07b3-4031-a3e3-ca2a58a1c4a3)

[![New Call-to-action](https://no-cache.hubspot.com/cta/default/142026/89440174-6d63-4ad1-9b1f-b23afa9db5e5.png)](https://cta-redirect.hubspot.com/cta/redirect/142026/89440174-6d63-4ad1-9b1f-b23afa9db5e5)

[![New Call-to-action](https://no-cache.hubspot.com/cta/default/142026/0805d531-f087-4c6c-a8fd-cf98898cc3d3.png)](https://cta-redirect.hubspot.com/cta/redirect/142026/0805d531-f087-4c6c-a8fd-cf98898cc3d3)

[![New Call-to-action](https://no-cache.hubspot.com/cta/default/142026/c51c17cd-c584-4439-a783-bc8393f9dc7b.png)](https://cta-redirect.hubspot.com/cta/redirect/142026/c51c17cd-c584-4439-a783-bc8393f9dc7b)

[![New Call-to-action](https://no-cache.hubspot.com/cta/default/142026/b1a3dfec-b16c-4874-ac7b-3d9d4053d24f.png)](https://cta-redirect.hubspot.com/cta/redirect/142026/b1a3dfec-b16c-4874-ac7b-3d9d4053d24f)

[![New Call-to-action](https://no-cache.hubspot.com/cta/default/142026/069a2c1d-3aec-4e0f-8fda-511e276f2a54.png)](https://cta-redirect.hubspot.com/cta/redirect/142026/069a2c1d-3aec-4e0f-8fda-511e276f2a54)

[![New Call-to-action](https://no-cache.hubspot.com/cta/default/142026/7cf5fc26-865a-409a-9000-3b7288287a9c.png)](https://cta-redirect.hubspot.com/cta/redirect/142026/7cf5fc26-865a-409a-9000-3b7288287a9c)

[![New Call-to-action](https://no-cache.hubspot.com/cta/default/142026/f755ac27-21f3-431a-94ba-c88714d9f314.png)](https://cta-redirect.hubspot.com/cta/redirect/142026/f755ac27-21f3-431a-94ba-c88714d9f314)

[![New Call-to-action](https://no-cache.hubspot.com/cta/default/142026/72356409-308d-4e04-a834-6946c1241c5b.png)](https://cta-redirect.hubspot.com/cta/redirect/142026/72356409-308d-4e04-a834-6946c1241c5b)

[![New Call-to-action](https://no-cache.hubspot.com/cta/default/142026/bbd6ce7f-1a57-4c9d-9442-8c08f9f6dcf5.png)](https://cta-redirect.hubspot.com/cta/redirect/142026/bbd6ce7f-1a57-4c9d-9442-8c08f9f6dcf5)

### Recent Posts

### Most Popular Posts

### Categories

- [About ISACO (2)](https://www.isaco.co.uk/blog/topic/about-isaco)
- [Achieving your investment goals (65)](https://www.isaco.co.uk/blog/topic/achieving-your-investment-goals)
- [Behavioural Investing (13)](https://www.isaco.co.uk/blog/topic/behavioural-investing)
- [Better performance (38)](https://www.isaco.co.uk/blog/topic/better-performance)
- [Better protection (14)](https://www.isaco.co.uk/blog/topic/better-protection)
- [Choosing a fund (1)](https://www.isaco.co.uk/blog/topic/choosing-a-fund)
- [Client stories (2)](https://www.isaco.co.uk/blog/topic/client-stories)
- [Creating an income for life (3)](https://www.isaco.co.uk/blog/topic/creating-an-income-for-life)
- [Essential reading (8)](https://www.isaco.co.uk/blog/topic/essential-reading)
- [FAQs (7)](https://www.isaco.co.uk/blog/topic/faqs)
- [Finding a good growth fund (6)](https://www.isaco.co.uk/blog/topic/finding-a-good-growth-fund)
- [Fund timing (4)](https://www.isaco.co.uk/blog/topic/fund-timing)
- [Guest blogs (2)](https://www.isaco.co.uk/blog/topic/guest-blogs)
- [How to Make Money in ISAs and SIPPs (21)](https://www.isaco.co.uk/blog/topic/how-to-make-money-in-isas-and-sipps)
- [Investing for children (4)](https://www.isaco.co.uk/blog/topic/investing-for-children)
- [Investment charges (6)](https://www.isaco.co.uk/blog/topic/investment-charges)
- [Investment funds (50)](https://www.isaco.co.uk/blog/topic/investment-funds)
- [Investment Guidance (4)](https://www.isaco.co.uk/blog/topic/investment-guidance)
- [Investment Guidance Service (6)](https://www.isaco.co.uk/blog/topic/investment-guidance-service)
- [Investment mistakes (21)](https://www.isaco.co.uk/blog/topic/investment-mistakes)
- [Investment news (60)](https://www.isaco.co.uk/blog/topic/investment-news)
- [Investment opportunities (10)](https://www.isaco.co.uk/blog/topic/investment-opportunities)
- [Investment outlook (18)](https://www.isaco.co.uk/blog/topic/investment-outlook)
- [Investment risk (8)](https://www.isaco.co.uk/blog/topic/investment-risk)
- [Investment strategy (180)](https://www.isaco.co.uk/blog/topic/investment-strategy)
- [Investment tutorials (17)](https://www.isaco.co.uk/blog/topic/investment-tutorials)
- [ISA growth (41)](https://www.isaco.co.uk/blog/topic/isa-growth)
- [ISA investing tips (50)](https://www.isaco.co.uk/blog/topic/isa-investing-tips)
- [ISA millionaires (8)](https://www.isaco.co.uk/blog/topic/isa-millionaires)
- [ISACO Alpha (1)](https://www.isaco.co.uk/blog/topic/isaco-alpha)
- [ISACO client interviews (2)](https://www.isaco.co.uk/blog/topic/isaco-client-interviews)
- [ISACO vs an adviser (8)](https://www.isaco.co.uk/blog/topic/isaco-vs-an-adviser)
- [ISACO Wealth (6)](https://www.isaco.co.uk/blog/topic/isaco-wealth)
- [Junior ISAs (6)](https://www.isaco.co.uk/blog/topic/junior-isas)
- [Managing your portfolio (5)](https://www.isaco.co.uk/blog/topic/managing-your-portfolio)
- [NISA (5)](https://www.isaco.co.uk/blog/topic/nisa)
- [Retirement planning (2)](https://www.isaco.co.uk/blog/topic/retirement-planning)
- [Shadow Investment (2)](https://www.isaco.co.uk/blog/topic/shadow-investment)
- [SIPP investing tips (20)](https://www.isaco.co.uk/blog/topic/sipp-investing-tips)
- [Stock market direction (6)](https://www.isaco.co.uk/blog/topic/stock-market-direction)
- [Stock market Outlook (5)](https://www.isaco.co.uk/blog/topic/stock-market-outlook)
- [Stock Market Summary (244)](https://www.isaco.co.uk/blog/topic/stock-market-summary)

### Archive

- [January 2020 (1)](https://www.isaco.co.uk/blog/archive/2020/01)
- [January 2019 (1)](https://www.isaco.co.uk/blog/archive/2019/01)
- [October 2018 (1)](https://www.isaco.co.uk/blog/archive/2018/10)
- [July 2018 (1)](https://www.isaco.co.uk/blog/archive/2018/07)
- [March 2018 (1)](https://www.isaco.co.uk/blog/archive/2018/03)
- [May 2017 (1)](https://www.isaco.co.uk/blog/archive/2017/05)
- [March 2016 (1)](https://www.isaco.co.uk/blog/archive/2016/03)
- [February 2016 (2)](https://www.isaco.co.uk/blog/archive/2016/02)
- [January 2016 (2)](https://www.isaco.co.uk/blog/archive/2016/01)
- [December 2015 (5)](https://www.isaco.co.uk/blog/archive/2015/12)
- [November 2015 (4)](https://www.isaco.co.uk/blog/archive/2015/11)
- [October 2015 (4)](https://www.isaco.co.uk/blog/archive/2015/10)
- [September 2015 (5)](https://www.isaco.co.uk/blog/archive/2015/09)
- [August 2015 (4)](https://www.isaco.co.uk/blog/archive/2015/08)
- [July 2015 (3)](https://www.isaco.co.uk/blog/archive/2015/07)
- [May 2015 (2)](https://www.isaco.co.uk/blog/archive/2015/05)
- [April 2015 (2)](https://www.isaco.co.uk/blog/archive/2015/04)
- [March 2015 (5)](https://www.isaco.co.uk/blog/archive/2015/03)
- [February 2015 (5)](https://www.isaco.co.uk/blog/archive/2015/02)
- [January 2015 (4)](https://www.isaco.co.uk/blog/archive/2015/01)
- [December 2014 (5)](https://www.isaco.co.uk/blog/archive/2014/12)
- [November 2014 (4)](https://www.isaco.co.uk/blog/archive/2014/11)
- [October 2014 (5)](https://www.isaco.co.uk/blog/archive/2014/10)
- [September 2014 (4)](https://www.isaco.co.uk/blog/archive/2014/09)
- [August 2014 (4)](https://www.isaco.co.uk/blog/archive/2014/08)
- [July 2014 (5)](https://www.isaco.co.uk/blog/archive/2014/07)
- [June 2014 (4)](https://www.isaco.co.uk/blog/archive/2014/06)
- [May 2014 (5)](https://www.isaco.co.uk/blog/archive/2014/05)
- [April 2014 (5)](https://www.isaco.co.uk/blog/archive/2014/04)
- [March 2014 (4)](https://www.isaco.co.uk/blog/archive/2014/03)
- [February 2014 (4)](https://www.isaco.co.uk/blog/archive/2014/02)
- [January 2014 (5)](https://www.isaco.co.uk/blog/archive/2014/01)
- [December 2013 (4)](https://www.isaco.co.uk/blog/archive/2013/12)
- [November 2013 (4)](https://www.isaco.co.uk/blog/archive/2013/11)
- [October 2013 (5)](https://www.isaco.co.uk/blog/archive/2013/10)
- [September 2013 (4)](https://www.isaco.co.uk/blog/archive/2013/09)
- [August 2013 (6)](https://www.isaco.co.uk/blog/archive/2013/08)
- [July 2013 (9)](https://www.isaco.co.uk/blog/archive/2013/07)
- [June 2013 (9)](https://www.isaco.co.uk/blog/archive/2013/06)
- [May 2013 (9)](https://www.isaco.co.uk/blog/archive/2013/05)
- [April 2013 (7)](https://www.isaco.co.uk/blog/archive/2013/04)
- [March 2013 (9)](https://www.isaco.co.uk/blog/archive/2013/03)
- [February 2013 (13)](https://www.isaco.co.uk/blog/archive/2013/02)
- [January 2013 (27)](https://www.isaco.co.uk/blog/archive/2013/01)
- [December 2012 (25)](https://www.isaco.co.uk/blog/archive/2012/12)
- [November 2012 (35)](https://www.isaco.co.uk/blog/archive/2012/11)
- [October 2012 (35)](https://www.isaco.co.uk/blog/archive/2012/10)
- [September 2012 (34)](https://www.isaco.co.uk/blog/archive/2012/09)
- [August 2012 (36)](https://www.isaco.co.uk/blog/archive/2012/08)
- [July 2012 (34)](https://www.isaco.co.uk/blog/archive/2012/07)
- [June 2012 (34)](https://www.isaco.co.uk/blog/archive/2012/06)
- [May 2012 (35)](https://www.isaco.co.uk/blog/archive/2012/05)
- [April 2012 (27)](https://www.isaco.co.uk/blog/archive/2012/04)
- [March 2012 (32)](https://www.isaco.co.uk/blog/archive/2012/03)
- [February 2012 (13)](https://www.isaco.co.uk/blog/archive/2012/02)
- [January 2012 (6)](https://www.isaco.co.uk/blog/archive/2012/01)
- [December 2011 (3)](https://www.isaco.co.uk/blog/archive/2011/12)

© ISACO Ltd, 82 King Street, Manchester, M2 4WQ. ENGLAND

Tel: 0800 170 7750 | [Data Protection & Privacy Policy](https://www.isaco.co.uk/privacy-policy) | [Terms and Conditions](https://www.isaco.co.uk/terms-and-conditions) | Fax: 0870 757 8660

**ISACO Ltd is Authorised and Regulated by the Financial Conduct Authority**