Stocks failed to hold onto early gains when just after 1:30pmEST the Associated Press released a breaking news statement that Obama had sealed the Democratic Nomination. It was clear as day that traders were given a clear signal that Obama is not their guy. The move was solely on the news that Obama had the Democratic Nomination all wrapped up. Traders are not likely to be keen on his idea about raising the capital gains tax and raising taxes. What could have been a decent day turned into a very ugly distribution day. Get ready for your taxes to be hiked and the economy to be over burdened with taxes and regulation. This market remains in a correction, it doesn’t appear from the prior two days we’ll gain further traction. However, we did see the Put/Call jump over 1.14 and jump over 20 a sign ...