Early Update

10:35 a.m. ET SP-500 -0.75%, Dow -0.3% (Transports -1.5%), NASDAQ-100 -1.5%, Small Caps -0.8% The mega-caps (-1.55%) are a source of weakness again at this morning’s open, down about twice as much as the equal weight S&P (-0.7%). That’s causing the NASDAQ-100 to test down to the top of its range, which it didn’t do…