Early Update -Sentiment Shifts To Relief Rally

11:12 a.m. ET This morning there’s a clear change in sentiment. The tone is that of a relief rally after a bearish sentiment extreme (contrarian signal). NASDAQ-100 is doing well, but the relief rally is centered around the most beaten down areas, the banks and Small Caps. SP-500 +1.9%, Dow +1.4% (Transports +1.7%), NASDAQ-100 +2.2%,…