Afternoon Update – Consolidations in the Averages

3:31 p.m. ET Overbought conditions like yesterday’s 1-day overbought internals signal will usually correct through price (pull back) or time (consolidation).  As elaborated on in the Early Update, higher yields kept some pressure on equities today. The 10-yr yield starting to breakout from a bull flag was a little bit of a bothersome sign for…