Afternoon Update

Nearing the close, price action doesn’t look great. (5M) – the 100-day is just below, which could provide a speedbump/technical support. (5M) DJIA (30M) breaking $49.6k (5M) While mega caps have weakened, cyclicals and defensive sectors have offset that weakness at the index level (resented by the Equal Weight S&P). The EW S&P is posting…