Early Update – Ugly Start, Mega-Caps Weak

10:48 a.m. ET It’s not only an ugly start, but it’s gotten uglier into the cash open, especially in the NASDAQ as the mega-caps are an area of notable relative weakness weighing at the index level. SP-500 -1.15%, Dow -0.65% (Transports -0.7%), NASDAQ-100 -1.9%, Small Caps -1.55% Recall I said that not only did NASDAQ-100…