Market Update -Biotechs Add To Breakout

1:39 p.m. ET Today’s trade has a similar feel to yesterday’s trade. The three major indices are little changed from prior closing levels while the Russell 2000 (+1.2%) outperforms on another short squeeze in my Most Shorted Index. Still, the averages should be considered as consolidating and there’s no concerted selling. 5 0f 11 S&P…