We were a little surprised to see futures tanking Sunday night because the market had known about the Cyprus bailout over the weekend but they were steadily improving as we headed towards Monday’s open. The initial shock wore off by lunchtime as the market recovered most of its losses to push positive territory late in the day. There was a little selling pressure in the final hour which gave the bears the victory but the bulls were able to take their best shot to start the week with minimal damage.
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