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: The CAT Came Back
Both CAT and MMM continue pushing upwards with some emphasis this morning on earnings. CATs prospects are probably not hurt by a durable goods number this morning that came in ahead of forecast. As we are writing, this is sufficient to overwhelm jobless claims that merely came in slightly worse than anticipated and has […]
Squawk DJIA Briefing for 1/26/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
New Trade Setup: March 2012 E-Mini S&P 500 Futures
Once again we are shorting 2 contracts of the March 2012 E-Mini S&P 500 Futures. We sent out an email minutes ago announcing that we were selling at the market when the futures contract was trading at 1310.75. Our initial stop loss is at 1317 although we will look for opportunities to lower […]
Squawk Morning Briefing: Aging Bull Seeks Open Relationship
A dramatic turn down in overnight futures is enough to spark the imagination of would-be equity bears just waiting for a reason to emerge from hibernation. However, as we outlined in our DJIA video, the market continues to keep its options open, in a move that demonstrates unwillingness to commit to either up or down […]
Squawk DJIA Briefing for 1/25/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Closed: March 2012 S&P 500 E-Mini Futures
A few minutes ago we sent by email a note that we were further lowering stops on our E-Mini S&P 500 position to 1309.75. Factors influencing the move are as follows:
The decline in the cash S&P 500 index found support this morning at the lower end of a channel. Failure to break the channel is […]
Trade Update: March 2012 S&P 500 E-Mini Futures
An opening drop helps our new short position in the S&P 500. However, this morning’s gap down in the cash index is being reversed and, so far, the overall move from Monday’s high is consistent with a correction. We are going to lower our stop loss from 1318.50 to 1314.25. This level should not be […]
Squawk Morning Briefing: The Breaking Point
Earnings on DJIA stocks seem to be a mixed bag this morning and reaction relatively muted. Matched up with futures that have continued a sell-off overnight, and that leaves us with an anticipated opening print that is near a breaking point. In order to suggest that a sell-off has begun prices would need to continue […]
Trade Update: March 2012 S&P 500 E-Mini Futures
In the after-hours session the model portfolio was stopped into a short in the March S&P 500 E-Mini Futures. The stop loss level remains at 1318.50. While the conditions in the U. S. equity markets remain ripe for a decline and our entry levels increase the likelihood that a decline might continue, it would […]
Squawk DJIA Briefing for 1/24/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.