The market was able to overcome Tuesday's early morning gap down and a significant drop in the S&P and Nasdaq futures in overnight trading. This type of price action is what traders like to see from a market that is preparing for a potential move higher.
Italy has been forced to get rid of its popular, but difficult to control, elected leader -- Silvio Berlusconi. It has put in a company man. Yes, a company man. What company?
The week started out on a sour note with the stock market indices down on the day. They came back in the afternoon twice, retested, and came back again, but still closed down on the day.
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