Afternoon Update

3:44 p.m. ET SP-500 +1.25%, Dow +1.7% (Transports +2.2%), NASDAQ-100 +1.2%, Small Caps +0.75% The S&P is green for only the second day of the last 10, and it’s at that sub-intermediate down trend channel’s lower trend line. SP-500 (60m) Growth stocks and mega-caps, particularly the Communications sector which was hit hard last week after…