Market Update – Buyers Are Still Showing Up At The 200-Day SMA

1:34 p.m. ET Market tone has improved, despite the 10-year yield climbing, now up +8 bp to 4.08% and the dollar index higher. The S&P and NASDAQ-100 continue to defend their 200-day sma’s. The Dow continues to diverge form the other averages with a gain and Dow Transports are displaying relative strength. the other averages…