Equities: Nasdaq Leads Positive Reversal...

Well that was interesting.
Two from Investor's Business Daily. First upwards the headline story:

Nasdaq Leads Positive Reversal; These 5 Growth Stocks Aim To Lead Next Uptrend
4:24 PM ET

Growth stocks made an impressive reversal on Monday, only the early on sell-off inward stocks briefly sent the key S&P 500 briefly below a Nov short-term low. Such activeness reaffirmed the increased whipsawing activeness on Wall Street.

Meanwhile, fast-growing companies are fighting to concur nigh or at their long-term 200-day moving averages, such every bit retailers Five Below (FIVE) together with Ulta Beauty (ULTA). Others, such every bit Atlassian (TEAM), ServiceNow (NOW) together with turnaround eatery play Chipotle Mexican Grill (CMG), are fighting to remain inward a higher house their medium-term 50-day lines.

Leaderboard stock Verizon Communications (VZ) bounced bullishly off its 50-day moving average. It rose 1% to halt a four-session selling streak. The megacap telecom play had broken out of a base of operations on base of operations amongst a 55.31 purchase point.

The S&P 500, downward every bit much every bit 1.9% inward the early on going, finished the rocky session upwards nearly 0.2%. The Nasdaq composite showed a like swing, going from a 1.3% intraday meltdown to an advance of roughly 0.7%. The Nasdaq 100-tracking Invesco QQQ Trust (QQQ) ETF jumped 1%.
The Dow Jones industrial average rose well-nigh 0.2%. Volume edged higher on the NYSE together with cruel mildly on the Nasdaq, according to early on data. The Dow utility average rose nearly 0.4%, only the Dow transports cruel to a greater extent than than 0.7%.

The Nasdaq composite refused to undercut the 6830 depression assail Nov. 20. The adjacent session, the tech-heavy Nasdaq rose, mark Day 1 of a novel rally attempt. Then on Nov. 28, the composite issued a Day 5 follow-through next comments past times Federal Reserve primary Jerome Powell on the hereafter prospects for to a greater extent than charge per unit of measurement hikes inward 2019.

Interest Rate Hike Prospects Diminish
The heavy selling inward stocks together with corporate investment-grade bonds has been together with hence severe that the CME Group forthwith reports a less than 50% run a jeopardy of a unmarried quarter-point hike inward the fed funds charge per unit of measurement inward all of 2019.

The United States of America of America cardinal depository fiscal establishment has raised short-term rates 3 times inward both 2017 together with inward 2018. The Street yet expects a 4th quarter-point jump inward the fed funds charge per unit of measurement at the halt of this year's in conclusion FOMC coming together on Dec. 18-19.

Meanwhile, Apple (AAPL) staged a positive reversal, gaining less than 0.5% afterwards hitting a session depression of 163.33. At that price, the iPhone, Apple Watch together with digital services giant has forthwith fallen 30% from an all-time altitude of 233.47.

Market breadth remained dour....MORE

I'm non certain a eatery together with a dyad retailers are going to Pb the market. Although...
Earlier today I was asked if I planned on shopping at Forever 21 inward the nigh future.

Back to IBD, l minutes earlier the close:

Nasdaq Rallies, Dow Nearly Erases 505-Point Loss As Apple Reverses 
3:09 PM ET

The stock marketplace lay continued its volatile ways Mon every bit the key indexes turned mixed heading into the in conclusion hr of the regular trading session.

The Nasdaq led amongst a 0.5% gain afterwards slumping 1.3% early. The S&P 500 pared its loss to 0.1%, together with the Dow Jones industrial average was too downward 0.1%. Blue chips staged a remarkable reversal — the Dow had dived every bit much every bit 505 points inward early on merchandise together with was off solely 34 points. The Russell 2000 was well-nigh flat

Volume was tracking higher on both the NYSE together with Nasdaq vs. the same fourth dimension Friday.
Big-cap techs boosted the Nasdaq together with outperformed on the Dow. Microsoft (MSFT) rose 2.3% every bit it plant on a base. Intel (INTC) together with IBM (IBM) added nearly 2% each. Cisco (CSCO) advanced 1%, acre Apple (AAPL) was upwards 0.6% afterwards an upside reversal.

Apple sank every bit much every bit 3% inward early on merchandise afterwards a PRC courtroom ruled inward favor of Qualcomm (QCOM), amongst which the iPhone maker is embroiled inward a legal battle. Also weighing on Apple: Citi cutting its toll target to 200 from 240, citing sales weakness inward China amidst the reasons. Apple remains 13% below its 200-day moving average together with is 27% off its early-October peak.

Chip design, software together with solar stocks led the upside amidst sector gainers inward the stock marketplace lay today. But energy, airfreight transporters together with specialty retailers lagged. Influenza A virus subtype H5N1 1.5% slide inward West Texas Intermediate unsmooth prices weighed on crude stocks. As such, Exxon Mobil (XOM) together with Chevron (CVX) weighed on the Dow Jones industrials amongst respective losses of 2.1% together with 1.1%.

Chips Lead Stock Market Today
Qualcomm, upwards 2%, boosted fleck stocks. Avago (AVGO) reversed from an early on drib to a 4.5% gain to retake its 50-day together with 200-day lines. Graphics fleck designer Nvidia (NVDA) rose nearly 3%.

Leading software stocks advanced inward the IBD 50. Security software maker Fortinet (FTNT) popped 4%, Atlassian (TEAM) added 3.4% to rebound off its 50-day line, together with VMware (VMW) gained 2.4%....MORE