RED ALERT

The stock market is at a precipice. It is very dangerous to initiate new long positions here. The market is now running on almost 60% volume (by some estimates) by algorithmic trading. These black boxes are computer decisions to buy/sell in large quantities based upon defined formulas for buying or selling. We are approaching and flat-lining at huge technical supports, the politics out of Washington are now headwinds, the markets feel surprisingly "dead", investors are piling into short-term t-bills, and good earnings news is hit with slack price movement. 1040 on S&P500 looks more likely than not. .....I am concerned about computer selling. Stay tuned.....