Early Update – Mega Caps & Semis Sold; How The Mighty Are Falling

11:47 a.m. ET It appears the geopolitical concerns overhanging the market in recent weeks are set to fade off the radar for now. The week’s trend of selling  mega-caps and semis is in full force this morning, but otherwise positive market breadth is impressive. There are some signs of better short-term price action in a…