Early Update -Yields and Dollar Lower is Supportive, SPX $4500.

11:26 a.m. ET A pullback in Treasury yields and the Dollar, in response to the employment report for July, has been supportive for stocks so far. SP-500 +0.5%, Dow +0.5% (Transports -0.1%), NASDAQ-100 +0.65%, Small Caps +0.4% The S&P continues to hang around the $4500 level as support. SP-500 (10m) last week’s Key Reversal Day…