Into the Valley of Death Rode the 600 Algos

Impressed by yesterday’s rally to new all-time highs? You needn’t be.  It feels like the Charge of the Light Brigade to me, considering that John Q. Consumer is tapped out and freefalling, saddled with rising prices for nearly everything, higher taxes and stagnant wages. In any case, we’ve had a specific rally target in mind for some time in the E-Mini S&Ps.  Check the archive if you’re keen on getting short at what I’ve warranted as a high-odds number. Or click here to sample Rick’s Picks free for a week.