Reply To: Traders Market Weekly: Is the Goldilocks Scenario a Myth and Does it Matter?


Dow +199.56 at 34546.38, Nasdaq +50.99 at 13642.01, S&P +16.21 at 4421.92

S&P 500 and Nasdaq have exhibited somewhat choppy action, turning sharply lower recently.

Losses in some mega cap names have weighed on the broader market somewhat, but the overall vibe remains positive. The A-D line favors advancers by a greater than 5-to-1 margin at the NYSE and a greater than 2-to-1 margin at the Nasdaq.

Microsoft (MSFT 322.95, -0.09, -0.03%) and Tesla (TSLA 238.26, -0.24, -0.1%) recently joined NVIDIA (NVDA 455.23, -4.84, -1.1%) and (AMZN 132.23, -1.03, -0.7%) in negative territory.

The Vanguard Mega Cap Growth ETF (MGK) is up 0.3% while the Invesco S&P 500 Equal Weight ETF (RSP) trades up 0.8%. The market-cap weighed S&P 500 is up 0.4%.