Market Update – Tech May Be Finding a Low Intraday

2:46 p.m. ET The major averages are between virtually unchanged, and quite mixed. NASDAQ-100 underperforms, while Dow Transports and Small Caps outperform, which gives the day the feel of a pro-cyclical bias. In Thursday night’s Daily Wrap (toward the top) I spent some time explaining how each of the major averages is weighted and what…