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.
Discussion of RL Trade Setup
Last week the model portfolio took a short position in RL. This is a setup based on the Elliott wave ending diagonal pattern. The ending diagonal pattern is one or the complex and specific patterns that exist. In other words many more rules need to be satisfied to create a possible ending diagonal than any […]
Squawk Morning Briefing: Will Europe Make Waves?
Trade continues to react to the situation in Europe with “buy the rumor and sell the news” playing out again. European equities and most risk assets rose on Monday and declining again so far today. That still leaves U. S. equity futures and other positively correlated instruments slightly above Friday’s close, just […]
Squawk DJIA Briefing for 2/21/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Percent of Stocks Above VWAP Using ThinkOrSwim and Excel
This video shows a simple way to calculate the percentage of stocks above the volume weighted average price (VWAP) using ThinkOrSwim and Excel.
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Squawk Morning Briefing: Keep Us Honest
We’ll repeat what we have said before: until we see impulsive action to the downside, we have have not begun a turn down. It is easy to remind ourselves of that after we see prices reverse upward in the short-term. Hopefully we also emphasize the same message when considering a turn down. Markets still seem […]
Squawk DJIA Briefing for 2/17/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
New Trade Setup: RL Bearish Vertical Call Spread
The model portfolio is taking a bearish stance on Ralph Lauren (RL) by selling a vertical call spread in the name. We want to make the following trade:
Buy 5 July 2012 RL 185 calls
Sell 5 July 2012 RL 180 calls
The current midpoint price of the spread is $2.15 and we will look to offer it […]
Squawk Morning Briefing: Data Dump
A set of economic numbers released at 8:30 Eastern was mostly positive and the initial reaction in markets is to cheer the new numbers. As we identify in today’s videos, we are at a critical spot in most wave counts where markets need to continue recent moves if they are to firmly establish new trends. […]
Squawk DJIA Briefing for 2/16/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Who Loves Ya?
Bulls seemed to get the gifts on Valentine’s day and the love fest continued overnight. Market conditions remain the same and our updated comments appear in today’s videos.