Early Update – Mega-Caps Coming Unglued

11:36 p.m. ET SP-500 -0.15%, Dow -0.3% (Transports +0.2%), NASDAQ-100 -0.25%, Small Caps +0.35% From a price-perspective, this morning’s action looks fine, it’s what’s happening under the hood that’s more concerning. SPX (5m) is just starting a small consolidation following Friday’s gains. The Dow (5m) never broke out of the small flag that SPX and…