Dow lags the S&P 500: swing short on US 30, others stretched

At 16:37 UTC the US market is split. The S&P 500 cash (7783) sits 1.42 ATR above its 20-day average, the Nasdaq 100 (31007) 2.27 ATR above, while the Dow (51059) is 1.18 ATR below it, with three lower highs in a row: 51672, 51406, 51230. Financials explain much of the gap: JPM is 2.47 ATR under its average ahead of earnings on 13 Oct. VIX is 15.35. The midday US 500 long (entry 7752) was cancelled unfilled: the cash low was 7769. The one new idea is a swing short on US 30 from 51059, stop 51526, target 50126, expiring 12 Oct, before bank earnings and the 14 Oct CPI. Rejected: Nasdaq 100, NVDA and MSFT too stretched (1.9-2.3 ATR); V, WMT and XOM up against nearby resistance; HD broke its lower-high sequence today; KO, LLY and CAT within 0.5 ATR of their averages, which is noise. Fifteen instruments screened, one passed.