Off the Lows – Tone Still Stinks

1:57 p.m. ET The averages are off the morning lows as expected after some morning selling. SP-500 -0.3%, Dow -0.35% (Transports -0.1%), NASDAQ-100 -0.1%, Small Caps +0.1% There was no catalyst for the selling, but it hit the mega-cap space harder. While the averages are off the lows, overall tone of price action has a…