Issue 1,828 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S4H with the spill down.
Look at the trade from yesterday, the clock was more muddy than clear.
A 20 minute down move is responded by a 80 minute up move. This is telling you the day is the bulls to rule today. A 40 minute down move shows some weakness. This is confirmed by a 90 minute up move. 10 minutes more than before. A 50 minute down move indicates some weakness. 10 minute more than before.
BY 2:00 PM the bulls are getting a bit long in the tooth. A 60 minute up move 30 minutes less in distance gained and in time. This shows, bulls are starting lose their following as the rally is longer but is less in gain recovered from previous days.
The last 30 mintues show weakness as price dips down on greatly increased volume.
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 S4H with the spill down.
1. Last Night: After a tepid close, bulls have held the bid and price is trading in a tight range.
2. Large Size: No large size to speak of. Just one small blip at the 1:00 AM Hour. 1 K lot on the 3:00 AM and 1 K lot on the 6:00 AM hour.
3. 7:00 AM / Premarket: The market is just holding in a tight range. Nothing moving the needle at these highs.
4. Todays News: MBA Mortgage Applications, International Trade in Goods (Advance) & Retail Inventories (Advance) & Wholesale Inventories (Advance) at 8:30, EIA Petroleum Status Report at 10:30, Survey of Business Uncertainty & 4-Month Bill Auction at 11:30, FOMC Announcement at 2:00, Fed Chair Press Conference at 2:30. 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. The weekend took the gains since the election and Monday started to add them back. Still bullish. Well two for two. Can we go three out of three?
We got the FED YELL today. I'm still leaning bullish but the last 30 mintues in the last hour was showing some weakness. We could be leaning into that Wedge Zoom into the 2'0 clock hour. That when price drifts down and then at 2:00 PM you get a zoon back up into the LAST HOUR.
Three Doors: Normal, Wedge Zoom, Link Stink
6. Honing (turns): Spill down, AM HIGH, MID AM LOW, lunch high, mid pm low, LAST HOUR HIGH
7. Previous Day's Numbers:
Open 6057.50
Hod 15:25 6105.50
Lod 09:49 6023.50
Settle 6092.00
Volume 1,268,757
8. Floor Trader Pivots
DAILY 6073.50
R2 6155.50
R1 6123.83
S1 6041.75
S2 5991.50
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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