Afternoon Update

While not having a stellar day by any means, the major averages, most notably Dow Transports and the S&P-500, tested below their 50-day moving averages and regained enough to sit back above them heading into the close. SP-500 -1.25%, Dow -0.8% (Transports -1.7%), NASDAQ-100 -2.1%, Small Caps -0.6% Once again it does not look like…