Issue 1,793 – Copyright, 2024, by Wyckoff AM Trader
From yesterday: Good morning. Today is SERIES S4H with the spill down.
Nothing burger grind up day. Does that about sum it up? They were buying on the open they were buying on the close. They were buying all day in ever way. Were traders in the seat buying? I don't think so. I was not it was a holiday week. Getting other things done. Did I wish I bought? Of course, IT was a grind up day…
IT's had to make a sound observation due to low volume low interest just a grind up. Notice the volume below:
Volume 946,166
Perhaps today will be lower…
Notice we had a strong close on heavy. I say there were buying all day.
Expect a weak trading day due to the holiday tomorrow. As noted there will be no AM TURN
Thursday and Friday. We will resume Monday
PROSE and THE NUMBAHS
Good morning. Today is SERIES S1H with the spill odds down.
1. Last Night: After a strong close price drifts back down to test the 24 handle and now back at the 36 handle.
2. Large Size: I did not see any large size last nite.
3. 7:00 AM / Premarket: I looks like it's going to be onward and upward. No real moving the needle. Just a constant grind back up.
4. Todays News: Durable Goods Orders & GDP & International Trade in Goods (Advance) & Jobless Claims & Corporate Profits & Retail Inventories (Advance) & Wholesale Inventories (Advance) at 8:30, Chicago PMI at 9:45, Personal Income and Outlays & Pending Home Sales Index at 10:00, EIA Petroleum Status Report at 10:30, 3-Month Bill Announcement & 6-Month Bill Announcement & Survey of Business Uncertainty at 11:00, 4-Week Bill Auction & 8-Week Bill Auction & 4-Month Bill Auction at 11:30, EIA Natural Gas Report at 12:00, Baker Hughes Rig Count at 1:00. All times EST.
5. Cycle Bias / Tone: Yes, I'm bullish but it's a low volume day heading into a 2 day thanksgiving weekend. Same today.
Heads up. It appears all trader ears and eyes are going to be on the PMI at 10:00 AM today. Expect some movement.
Traders are talking now that the Trump Tweet is back. Overnight runs due to Trump's tweet talking about tariffs.
6. Honing (turns): Spill odds down, loupie loop, LAST HOUR ODDS HIGH.
7. Previous Day's Numbers:
Open 6018.50
Hod 15:51 6044.00
Lod 10:28 6011.25
Settle 6042.00
Volume 946,166
8. Floor Trader Pivots
DAILY 6032.25
R2 6065.00
R1 6053.50
S1 6020.75
S2 5999.50
WEEK 5946.00
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: November 15 Beaver Moon 4:29 p.m. Winter Equinox December 21 4:21 a.m. (all times Est)
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