Reply To: Traders Market Weekly: Geopolitics and Stormy Weather

#69951
Truman
Participant

Morning Market
Dow 37577.36 +52.20 (0.14%)
Nasdaq 14901.93 +44.22 (0.30%)
SP 500 4765.09 +8.59 (0.18%)
10-yr Note 0/32 4.013
NYSE Adv 1396 Dec 1292 Vol 180 mln
Nasdaq Adv 1696 Dec 2344 Vol 1.7 bln

Industry Watch
Strong: Communication Services, Consumer Discretionary, Real Estate, Industrials, Consumer Staples
Weak: Energy, Materials, Health Care, Financials, Utilities

Moving the Market
— Wait-and-see ahead of the December Consumer Price Index on Thursday
— Ongoing strength in mega cap stocks
— Treasury yields moving slightly lower

Gains in the mega cap space continue to support index moves, but Apple (AAPL 184.54, -0.60, -0.3%) and Tesla (TSLA 232.56, -2.37, -1.0%) have been left out of mega cap gains again today. The Vanguard Mega Cap Growth ETF (MGK) is up 0.7% versus a 0.2% gain the S&P 500 and a 0.3% gain in the Nasdaq.

Market breadth reflects mixed action under the surface. Advancers have a 4-to-3 lead over decliners at the NYSE while decliners lead advancers by the same margin at the Nasdaq.