Early Update – Consolidation Phase

10:46 a.m. ET While most of the averages are up with NASDAQ-100 leading the way, it appears the consolidation phase is starting. SP-500 +0.55%, Dow +0.35% (Transports -0.2%), NASDAQ-100 +0.7%, Small Caps +0.5% The averages already look like they’re moving into a consolidation phase, which is what internals yesterday suggested after the close. SP-500 (10m)…