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Yesterday was not a good day for stocks, in more ways than just the closing losses. It showed us that investors and traders are in fact in "sell the rallies' mode. We saw the indices open with decent gains, pullback, then stabilize again and move back up, but that second push higher also failed, and eventually the indices closed at the lows of the day. The Dow lost 340-points and as we pointed out yesterday, fell below a key trading channel. The Nasdaq and small caps continue to lag. ...