Issue 1,830 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S1H IFFY with the spill odds down.
Ok, perhaps that was not an S1H day. Perhaps we will not get the KEWPIE Doll tomorrow!
IMPRO: Wyckoff Trader :(11:02:20 AM) : that is not one S1H day, bears seemed to have the ball
IMPRO: Wyckoff Trader :(11:03:33 AM) : I agree all the news is out and so is AI buzz
IMPRO: Wyckoff Trader :(11:04:25 AM) : I should have; it the bigger picture it was
IMPRO: Wyckoff Trader :(11:05:24 AM) : The Trump Honeymoon might be running out of fumes
The day started out bad but ended up good! It's S1 Day so it's a go fishing day. By 11:00 AM you can see price extended downward and volume starting to climax around 12K Lots. And then a secondary test at 11:10 AM on 2K Lots. This is confirmed as a sharp rise recovers half of the loos by 12:00 PM.
Then a dip to the halfway retracement of that 40 minute rally that holds the previous day's settle and daily pivot on 30 minute down move. The previous down move lasted 50 minutes. This indicates strength. The shares have left the weak hands and into the strong hands.
This is confirmed by the next rally. This rally takes out the intraday high and lasts just shy of 2 hours. A 20 minute down move indicates more strength to come as this down move is 10 minutes less than the previous down move. Notice price does not give up any of the gain.
The ends on a high note at 3:30 PM and well you see some weaker hands got out of the trade as some stronger hands bought at a higher low.
And now, looking at Globex you can see it's trying to get over it's skies…
I've been talking about that and I will be the first to say: "If Trump is not careful. If Trump is out Trumped by billionaire boys club, he will be building a highway / bridge to nowhere. It might be called Trumps boondockle. If you just do the math you will see a potential 300 data centers could be built. That is if we could get the capacity for the KW/Giga Terra Watts to the concrete buildings.
Wheather we got NIVA or somebody's elese chips. We can't power it. Now I know the "big boys" have not talked about it on the hot mikes but I will!
One billion is one thousand times larger than one million. 500 billion is 500 followed by nine zeros, and 340 million is 340 followed by six zeros: 500 billion = 500,000,000,000 340 million = 340,000,000
Now, when we enter 500,000 ÷ 340 into our calculator, we get the answer to 500 billion divided by 340 million as follows:
≈ $1,470.5882 per person in the United States.
Now later today,
IF you divy up all the money from the billionaire boys:
How Much Would Each American Get?
The calculation came out to $2,389.52. To the average American, this would be like getting one extra paycheck.
Who would have thought a Fibonaccian number. I was going to guess without doing the math. If you do the math: (add them both together) and you get:
$3,860.10
For every man, woman, boy and child (and girl). See a boondogle but Tech going to get what techs wants.
I talked about this in 2020 that was 4 years ago. I sure hoped I was going to be wrong.
IF you havent's watched the videos. I'm taking them out next week.
Just remember I brought this up before the DOW/TECH started falling apart and AI feet started to crumble but wait till you see it on Kramer or Kray America to believe it… Now guess who does not have problems getting the Gigga/Terra Watts to their datacenters? I'll give you a hint, it starts with a C and ends with an a?
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 S2L with the spill up.
1. Last Night: Price is just grinding up with the PEONS over their skies. Will it be gap and go or gap and crap?
2. Large Size: No large size of note.
3. 7:00 AM / Premarket: Nothing really there to move the needle after the Tech rout.
4. Todays News: Personal Income and Outlays & Employment Cost Index & Michelle Bowman Speaks at 8:30, Chicago PMI at 9:45, Baker Hughes Rig Count at 1:00, Farm Prices at 3:00. 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.
Yes I said that yesterday. Notice the low of day was 6056 handle. The daily pivot was 6066 handle. We recovered the FED YELL and the weekly pivot.
6. Honing (turns): Spill up, AM LOW, (NO MID AM), lunch high, mid pm low, LAST HOUR HIGH
7. Previous Day's Numbers:
Open 6089.50
Hod 15:24 6116.25
Lod 11:15 6056.50
Settle 6096.50
Volume 1,339,714
8. Floor Trader Pivots
DAILY 6089.75
R2 6149.50
R1 6123.00
S1 6063.25
S2 6030.00
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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