Short Covering

11:18 a.m. ET SP-500 +0.3%, Dow -0.25% (Transports 0%), NASDAQ-100 +0.8%, Small Caps +1.6% In the Early Update I mentioned, “I do see some early signs of the Most Shorted index looking as if there’s some short covering starting.” It’s been a fast moving market this morning in terms of changes in tone and character,…