Market Update

1:47 p.m. ET SP-500 -0.05%, Dow +0.6% (Transports +1.2%), NASDAQ-100 -0.75%, Small Caps +0.5% Early market momentum is fading a bit with my Most Shorted Index… SPX & MSI (1m today) The cyclical sectors (and Vale style factor) are still holding up relatively well… SPX & my Equal Weight Index of Cyclical Sectors The mega-caps…