Defensive and Mega-Caps Leading – Averages Improving

2:37 p.m. ET There’s not much change since the early update. The averages are still mixed with NASDAQ-100 outperforming as the mega-caps, with solid balance sheets and an ideal market environment, provide support. As we near 2:30 p.m. ET, I’ll be interested to see if margin call activity changes the market’s tone on the day….