Early Update – Strong Start

  10:34 a.m. ET The stock market is bouncing from a deep and long oversold condition to start the session. There is more short covering activity in the Most Shorted Index which is helping propel Small Caps to a position of leadership. SP-500 +2.25%, Dow +1.55% (Transports +2.1%), NASDAQ-100 +3.15%, Small Caps +3% VIX (-8%)…