Issue 1,827 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S2L NORMAL with the spill up.
I'm going with S2L day. Perhaps a weak S2H day. Today should determine. A lot of news came out over the weekend. Perhaps it was the Trump effect. Perhaps it was the China effect. Perhaps they just wanted to mark it down. We do know the Composite Man was on the Buy side as the market opened and all day long.
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.
The odds favor a strong buy at the open and the bulls did not disappoint.
It's tuff to argue the spill up cause it was alrady below Fridays' close. The Composite Man was not willing to lift offers above that close. Price drifts down the the halfway intra day correction and holds a bid. IT's a Monday a NORMAL. So possibly Taco Tuesday will tell the tell of the tape.
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 S3L with the spill up.
1. Last Night: After the strong close from Monday price has held it's bid and started trading sideways
2. Large Size: Around 3:51 3K came in around the 63 handle. No major large size to move the needle.
3. 7:00 AM / Premarket: Not seeing anything to move the needle here.
4. Todays News: Durable Goods Orders at 8:30, Case-Shiller Home Price Index & FHFA House Price Index at 9:00, Consumer Confidence & Richmond Fed Manufacturing Index at 10:00. 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. The weekend took the gains since the election and Monday started to add them back. Still bullish.
6. Honing (turns): Spill up, AM LOW, MID AM HIGH, lunch low, mid pm high, LAST HOUR LOW
7. Previous Day's Numbers:
Open 5998.00
Hod 16:05 6056.50
Lod 09:31 5996.75
Settle 6050.25
Volume 1,672,632
8. Floor Trader Pivots
DAILY 6034.50
R2 6094.25
R1 6072.25
S1 6012.50
S2 5974.75
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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