Intraday Update – Technical Support Levels Tested for the Averages, HY Credit Improving

1:59 p.m. ET Several of the major averages are back testing technical support levels such as the S&P-500’s 50-day and the Dow’s 100-day.   SP-500 (daily) testing its 50-day Dow (daily) testing its 100-day. Broader market tone has slipped a bit since the Early Update, and at the point of that post, it had slipped…