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.
Trade Update: March 2012 No. 11 Sugar Futures
Price action in Sugar is inconsistent with our short-term outlook. It is still possible for the trade to work, but in order to protect ourselves, we are immediately lowering our stops to 23.87. This may stop us out prematurely, but we can always re-enter the trade if it looks attractive after any stops are triggered. […]
Trade Update: March 2012 E-Mini S&P 500 Futures
Following today’s decline we will move our stops in the in the March 2012 E-Mini S&P 500 futures contract. Our initial entry was based on the cash S&P 500 index and anticipation of where prices should stop if our analysis of a topping pattern was correct. Now that we have broken […]
Squawk Morning Briefing: Do Too Many Witches Spoil The Brew?
The pattern in the Euro suggests that the currency is poised to make at least one more new low vs. the U. S. Dollar. We are also looking for a turn down in U. S. equities but so far have yet to see evidence that the turn is imminent. Many observations support the idea that […]
Squawk DJIA Briefing for 1/13/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Top of Range
U. S. Equity indices remain near the top of a corrective range and appear to be losing momentum. However, any confirmation of a turn still requires some evidence of downward momentum. While there continue to be many reasons to suspect that the turn could be near (in terms of both price and time) we have […]
Squawk Morning Briefing: Sentiment Contagion
The dominant view of analysts for 2012 states that the European continent will have economic difficulties and the common currency shared by many of its countries will also suffer. However, they further suggest that the U.S. will largely be insulated and that its markets will fare well.
The markets themselves beg to […]
Squawk DJIA Briefing for 1/11/2012
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 Futures
The model portfolio will sell short 2 contracts of March 2012 E-Mini S&P Futures at $1289.00. We have no advance notice of this trade, but it can be taken from lower prices. Our initial stop will be placed at $1,301.00. We will discuss the trade in more depth in an end-of-day update. […]
Squawk Morning Briefing: Out of Time?
The overnight advance in equity index futures is moving up into target ranges and suggests that the cash indices will also be approaching targets. The patterns we’re watching in both the futures and cash markets are slightly different so definitely pay attention to the videos since they will address the question of what […]
Squawk DJIA Briefing for 1/10/2012
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.