Afternoon Update

Most of the averages aren’t down anything too horrible or doing damage to the consolidation patterns. SP-500 -0.8%, Dow -0.6%, NASDAQ-100 -0.5%, Small Caps -1.45% SP-500 (15m) However, Transports down -3.6% is ugly and that’s apparently due to surging Crude prices, up +2.4% and the highest since March. Dow Transports (10m) The surging crude prices…