Managematics
David Starr is better known as Managematics to members of the First Wave chat on ThinkOrSwim. Most use his many freely-distributed implementations of First-Wave technical studies and his regular market commentary, including timely trading insight based on Elliott Wave analysis. David's acclaimed FibGrid and DynaRange indicators are available right here on FWTrader.com.
Squawk Morning Briefing: Remain Patient; Remain Vigilant
When waiting for a a decline in a continued move up, a 53 point decline like was seen in the DJIA on Wednesday can make it seem like the long-awaited reversal has arrived. This is especially true when it comes with a reversal off the highs that is more than 100 points. While it could […]
Squawk DJIA Briefing for 3/1/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Trade Closed: March 2012 E-Mini Dow Futures
The model portfolio has now been stopped out of our position taken earlier today. The net loss to the portfolio was $120 before commissions. We still do not have conviction that a turn is in, but we had an opportunity to take a trade with a good setup and only 12 ticks of risk. That […]
Trade Update: March 2012 E-Mini Dow Futures
The model portfolio has been stopped into our short position of two contracts at 12,081. We are now moving our stop down to 12,093, just above the afternoon high.
This is a fictitious model portfolio managed to demonstrate trading techniques which may be used to trade a speculative account. The description of this hypothetical transaction is […]
Updated Trade Setup: March 2012 E-Mini Dow Futures
The model portfolio is altering its entry criteria 2 contracts of the March 2012 E-Mini Dow Futures. Our stop market order to short two contractsis being moved to 12,981.
Our initial stop will be at 13,043. However, we will likely lower this quickly after any trade is triggered. If the contract trades above 13,043 before our […]
New Trade Setup: March 2012 E-Mini Dow Futures
The model portfolio is preparing to enter a trade short 2 contracts of the March 2012 E-Mini Dow Futures. We want to see trade move in our direction before taking the position so we are entering a stop market order to short two contracts on any trade at or below 12,940.
Our initial stop will be […]
Stalking a EURUSD Short
Update: It was only a matter of mere minutes after discussing this possible trade setup that we have to discard the possibility. The Euro dropped to a level which invalidates the pattern. We are still looking for opportunities to trade a trend change in the Euro. The pattern discussed below would have given us high […]
Squawk Morning Briefing: Leap Frog? Bullfrog?
It is leap day and the slow, weakening grind up continues. Today sees extra liquidity in the form of a massive European debt injection and, perhaps, some month-end cash for fund managers to play with. Perhaps that is the fuel bulls need to play leap frog with stocks other than AAPL. Otherwise, the slow grind […]
Squawk DJIA Briefing for 2/29/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Moves Meaning Nothing
Markets reacted even when S&P downgraded Greece to CC. Yet hardly a blip yesterday when they were downgraded to selective default. Why? The rational answer is that it no longer matters. S&P’s concern is reflecting the probability that the bonds won’t pay. That situation is now certainty and all participants now likely know what they […]