Megacap strength is likely to continue, says Chris Verrone, chief technical strategist at Strategas Research Partners.

WSJ: Why 'Mega-Cap' Stocks Look Good

"Our basic mantra is if they get paid, we get paid, " Patric Verrone, president of the Writers Guild West, said in a recent interview.

NPR: Frustrated TV and Film Writers on Verge of Strike

Writers Guild of America President Patric Verrone drew loud cheers when he announced in a closed-door session Thursday night that the union could strike as early as Sunday, several writers told The Associated Press.

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"While this agreement is neither perfect nor perhaps all that we deserve for the countless hours of hard work and sacrifice, our strike has been a success, " Writers Guild West president Patric Verrone and WGA East president Michael Winship said in an e-mail sent to union members early Saturday.

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