Intraday Update

12:40 p.m. ET Most of the averages have extended gains since the last update, and most have made higher highs for the rally off June’s low with NASDAQ composite gaining over 20%. SP-500 +1.9%, Dow +1.45% (Transports +3.35%), NASDAQ-100 +2.45%, small Caps +2.5% It does seem to me that the intraday gains are losing some…