Issue 1,815 – Copyright, 2024, by Wyckoff AM Trader
Yesterday: Good morning. Today is SERIES S1H NORMAL with the spill odds down.
Did we get to keep the KEWPIE DOLL?
Volume drove NVDA at the open. Meta took it too the hole. You'd have to blame the DOW 30 on this one. I'm amazed how folks will call turns on a S2 day. It's just odds and probabilities. WB would call it loupe loop. You can call it turns if you want to but to get the KEPIE DOLL, you have to wait till the next day the S2 day.
I don't know if we got the KEWPIE DOLL.
It looked like a strong S1H day. Gap up Algos join the bid. Price grinds up for two solid hours just till 11:30 AM. And then supply enters in.
On the daily it gets hidden. On the hourly, you can see how the high was seeing supply around the Christmas Eve dip. It it real supply pressing on the market? Not that I can see. Just what comes up must come down. Still the day closed strong holding the gap up. (By just a tad) And you know what WB called that "WETBEAK."
I ran across this a few weeks ago:
If you watch the show, you will see this is far in excess of randomness. If only stock pickers were this good.
IMPRO: Wyckoff Trader :(12:08:18 PM) : seeing some shortening of the upward thrust on the hourly
PROSE and THE NUMBAHS
Good morning. Today is SERIES S2L IFFY with the spill up.
1. Last Night: After yesterday's close price rallied up a little to 30 handle. Drifted back down to test the CASH low of 07 and change. Then found a bid and back at the 30 handle.
2. Large Size: Some larger size in entering back into the market
3. 7:00 AM / Premarket: Nothing to really move the needle today.
4. Todays News: Thomas Barkin Speaks & International Trade in Goods and Services at 8:30, ISM Services Index & JOLTS at 10:00. All times EST.
5. Cycle Bias / Tone: Listen to Kramer and his Kronies and it's a buy the dip kid of thing. Not a fan or Kamer. Still I thinking some buying came in on the close yesterday. Bulls pushed yesterday past R3 just round 6100 handle. That a good day in any pit.
6. Honing (turns): Spill up, AM LOW, (NO MID AM), lunch high, mid pm low, LAST HOUR HIGH
7. Previous Day's Numbers:
Open 6032.75
Hod 11:33 6068.25
Lod 15:51 6004.00
Settle 6026.75
Volume 1,194,791
8. Floor Trader Pivots
DAILY 6033.00
R2 6097.25
R1 6062.00
S1 5997.75
S2 5968.75
WEEK 5965.50
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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