The stock market rally has a wild two weeks, with record coronavirus cases and upbeat Covid vaccine news swinging sectors back and forth. But in many ways, the market is back where it was, with many tight weekly closes and growth stocks back in favor.
The Nasdaq composite has actually formed a three-weeks-tight pattern. So have Apple (AAPL) chipmakers Qorvo (QRVO) and Qualcomm (QCOM), along with marijuana stock Innovative Industrial Properties (IIPR).
Meanwhile, Apple stock, Microsoft (MSFT) and Amazon.com (AMZN) are looking tired. The megacaps were big winners during the coronavirus stock market rally from April-September. But lately they have struggled to keep pace with the broader indexes.
Microsoft stock is on IBD Leaderboard, while Apple is on the Leaderboard watchlist. MSFT stock