Market Update – Awaiting the Minutes

1:32 p.m. ET The averages have backed down a bit from intraday highs as we near the FOMC minutes release at 2 p.m. Yesterday’s laggard, NASDAQ-100 and Small Caps, are today’s leaders. SP-500 +0.2%, Dow -0.1% (Transports +0.85%), NASDAQ-100 +0.45%, Small Caps +0.95% Most of yesterday’s bearish flag-like intraday trade has been invalidated. SP-500 (5m)…