Now dreaming about the future can be a lot of fun (of course your mileage may vary) but until we actually get there there’s quite a bit of work left to be done. After all those fancy hover cars and food replicators won’t pay for themselves. Or perhaps – will they?
This is not going to be a post about trading per se but rather about human machine interaction, the ubiquity of the 21st century workplace, and what it all means for us traders. Of course anything speculated and prognosticated here applies to many other white collar activities as well but for one this is a trading blog and secondly I believe that in particular traders and financial professionals will be among the groups most affected by what is coming our way.
Today’s eye watering ramp in equities shall henceforth be remembered as the 2016 Krampus Rally. So let’s relive it in all its glory. I didn’t think any comments were necessary as the Zero signal was in positive territory and pointing upward throughout the session. Textbook trend day and I hope some of you subs caught a good part of it. I personally was already positioned long since yesterday’s entry and cashed out a good a part of my ill gotten gains near the end of the session.
The Dow Jones Industrial apparently channeled its inner Tenzing Norgay and managed to climb to new highs at 18900 and all that without the use of an oxygen mask. The S&P and Nasdaq remained at camp IV for now but I have an inkling that they’ll make an attempt to reach the top before we ring in the new year. Clearly very few saw this one coming and the ensuing short squeeze has been a sight to behold.