Issue 1,826 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S3L IFFY with the spill up.
It was more of a drift down to the halfway retracement than a link a stink. Selling was the rule. The red light was on as the market opened.
This was bout a typical S3L day. Bulls try to hold on to the gains but the bears just have the upperhand all day. The AM LOW was weak as the low took out the curent opening low of day. The MID AM HIGH was late and strong but weak as the current high of day was left unchallenged. If you want to get short, the best odds were at this moment of time as the clock started to aligh up.
You can see volume dropping out around 11:50 AM as the bears start to pile on shortly there after. The lunch SLOG is up and price does not dissapoint. The lunch low was late and strong at 1:55 PM. Next is MID PM HIGH at 2:50 PM. Last LAST HOUR LOW at 3:40 PM
It's the weekend some profit taking while others held on.
Now, everyone seems to be piling on with Trump and starts to become a crowded trade…
Listen for the statement 240,000 miles and 2/3 of the way to the moon every five years.
I could say it but you can just listen to it better. Energy required for Data Centers. I've been talking about this since 2020 it's just not going to stop. If your a LUDITE you are not alone. If you are looking for change you are in the right place. Might I suggest 2026/2027, 2033, and 2055 for starters?
You really need to listen to this. I puts the pieces together on the realiety of the situation.
When I first heard the talk about two weeks ago I thought he said committed to 1 Billion and he asked for 5 billion. He said that in a speech. Now I'm hearing 500 billion. That's a 100 fold increase. And now 600 billion.
SO, 20 Billion dollars per gigawatt. There is no power left on the grid. A gig (watt) of power is the power required to power 1,000,000 (a million) homes. SO that's like 25 states for data center? Potential up 20% cost increase for the residents near the data center.
Nuclear 50 billion per gigawatt.
Natural gas 2 billion per gigawatt.
Texas, West Virgina, North Dakoda, Alberta Canada
If you watch the first video: 600 plus terawatta hour of power. Not giga but terra. That's all the power-to-power California times two plus all the power-to-power New York. Every day… We are talking states not cities! The power to power a state!!! Between now and 2030 (there's that number)
All the length of all the power lines in the US is 240,000 miles. That's the distance from the Earth to the moon. Currently we are only putting up lines that will stretch from southern tip of California to northern tip of California.
Now we need to build enough line streatching 2/3 from the Earth to the Moon in five years.
So how is that GREEN ENERGY?
My takeaway, look for the cheap natural gas that heats your home to go up and the price of copper and alumumn if it's not already high to go higher and higher and higher…
PROSE and THE NUMBAHS
Good morning. Today is SERIES S2L NORMAL with the spill up.
1. Last Night: While you were sleeping GLOBEX dropped it like it was hard to the tune of just shy of 165 handles. That is not a good day or in this case a good night! I'm sure they have some reason. And it involves Trump. You can see he's back. AI. Saudis investing 600 Billion. That's good for America right. So the market should go up but we are down. And lost all the gains since Trumps first executive order.
2. Large Size: A little size coming in around 1:30 AM checking the 52 handle. Then at 2:00 AM and 3:00 AM started to really come in at the 30 handle. Then a drift down to the 10 handle at 3:30 AM. About 13,000 lots come in around 3:30 AM'ish then only to find a lower low around 5:00 AM as the lows print and a bid starts to firm up.
3. 7:00 AM / Premarket: Since 5:00 AM we found a bid about where you would have thought – the January 15th dip. Buckle up, today promises to be a wild ride.
4. Todays News: New Home Sales at 10:00, Dallas Fed Manufacturing Survey at 10:30, Treasury Buyback Announcement (Preliminary) at 11:00, 6-Month Bill Auction & 2-Yr Note Auction at 11:30, 3-Month Bill Auction & 5-Yr Note Auction at 1:00. All times EST.
5. Cycle Bias / Tone: I'm still bullish. At least for now. I can't really see a reason the sky is falling. I'm going to double down on the Trump effect. My concern is that we hold the gains. Volume yesterday was light. Perhaps a slight pullback. That was yesterday. Today that pull back may be more potential. Volume was weak 800K and it's a S3L day. Will need to hold gains from past two days.
Who want's to go home on a Friday? Started to trade back into the range of last Dec 24 distribution.
6. Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HOUR LOW
7. Previous Day's Numbers:
Open 6152.00
Hod 09:46 6162.25
Lod 15:43 6122.00
Settle 6129.25
Volume 1,008,319
8. Floor Trader Pivots
DAILY 6137.75
R2 6178.00
R1 6153.50
S1 6113.25
S2 6097.50
WEEK 6095.25
The clock is used to time your entries and exits. Position long at the lows, exit at the highs, get short at the highs, and buy-in at the lows. When the trend is in, WB's clock is your friend!
Your edge is a series of trades, not just one trade or one day.
Dates: December 15 Cold Moon 4:02 a.m. Winter Equinox December 21 4:21 a.m. (all times Est)
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