Intraday Update – Consolidation (Bearish Bias)

2:37 p.m. ET There’s quite a discrepancy in the averages today vs. yesterday with Dow Transports and Small Caps very weak, but Dow Industrials down only fractionally. SP-500 -0.8%, Dow -0.25% (Transports -1.9%), NASDAQ-100 -1.3%, Small Caps -2.4% The averages are engaged in a consolidation as suspected in the last update, although fairly new and…