Early Update – Volatile Quad Witching

11:15 a.m. ET The averages extended the sell-off fading the bullish or dovish FOMC knee jerk reaction, and extended losses on the week. While the decline is broad-based on this last quad-witching op-ex of the year, it’s more cyclicals’ turn to come down this morning while mega-cap downside momentum is fading. There are near term…