Intraday Update

12:26 p.m. ET The averages have seen a little more than an hour of pretty sustained selling. As mentioned earlier, the Most Shorted Index saw shorts pile in at the open, and then again late morning. SP-500 +0.25%, Dow +0.15% (Transports +0.85%), NASDAQ-100 +0.35%, Small Caps 0% Apple (AAPL -1.9%) is a losing stand out for…