Issue 1,829 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S4H with the spill down.
Overall the day was a S4H with a Link a Stink. With the FED YELL, you can see that zoom from the mid pm low up to the close. I talked about that yesterday. The day was muddy regarding the clear cut turns. Normally, the FED day is constricted due to waiting on the FED YELL.
It was a slow drift down. And then by 1:40 PM price starts to accelerate to the lows. About 37K was picked up and lots left weak hands and found strong hands. It's as simple as that. Could the market go down some more today. Sure. I still feel overall it's a bullish bias.
Heres another take from the man who worked at AI:
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 S1H IFFY with the spill odds down.
1. Last Night:
2. Large Size:
3. 7:00 AM / Premarket:
4. Todays News: Jobless Claims at 8:30, Pending Home Sales Index at 10:00, EIA Natural Gas Report at 10:30, & 3-Month Bill Announcement & 6-Month Bill Announcement at 11:00, 4-Week Bill Auction & 8-Week Bill Auction at 11:30, Fed Balance Sheet at 4:30. All times EST.
5. Cycle Bias / Tone: We got through the big numbers. Fed day YELL. Call it 6065.25 handle. Currently trading at 6092 handle. Weekly pivot was 6095 handle. If bulls can hold that I'll be a good day.
6. Honing (turns): Spill odds down, loupie loop, LAST HOUR ODDS HIGH
7. Previous Day's Numbers:
Open 6087.25
Hod 10:10 6091.25
Lod 14:19 6042.25
Settle 6065.00
Volume 1,044,893
8. Floor Trader Pivots
DAILY 6066.00
R2 6115.00
R1 6090.00
S1 6041.00
S2 6017.00
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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