Intraday Update

2:01 p.m. ET The S&P and NDASDAQ-100 are virtually unchanged, while Dow Transports and Small Caps lag behind after their early gains failed to materialize in any notable additional short-covering. I stand by my Early Update assessment that the market is in, “Wait and See Mode”. SP-500 +0.1%, Dow -0.3% (Transports -0.1%), NASDAQ-100 +0.15%, Small…