Today, both indexes rallied in impressive fashion. The Nasdaq and the S&P 500 both advanced by 3.8% and 2.2% respectively. Volume also increased by 19.8% on Nasdaq and 18% on the NYSE (S&P 500).
All of this bullish action resulted in the markets finally being reclassified back to GREEN - confirmed uptrend.
We have therefore, begun the selection process for a new portfolio and intend to re-enter midday tomorrow.
Stay tuned
Duncan Campbell
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