[BRIEFING.COM] The volatility continues. Major indices are back in positive territory after briefly dipping below prior closing levels.
Market breadth is still negative, though, reflecting an ongoing inclination to sell on any upside moves. The positive price action at the index level is related to strength in chipmakers and mega caps.
The Vanguard Mega Cap Growth ETF (MGK) is 1.4% higher and the PHLX Semiconductor Index (SOX) shows a 1.6% gain.