The market has bounced slightly off the lows after early weakness, but overall it has not been a noteworthy day for the indices. The SPDR S&P 500 ETF (SPY) held that $129.50 low from April 18th. Investors are so far just digesting the bearish action we saw last week and unwilling to put more risk on the table after recent volatility. The big story in the market continues to be fall of the…

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