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: A Bear’s Thanksgiving?
Overnight selling of U. S. Equity futures reveals an intent to sell stocks at the open, likely taking out last Thursday’s lows and testing lows from November 1st. This is consistent with the bearish view that a corrective top is in place from October 27th.
We don’t want to put too many impediments in […]
Squawk DJIA Briefing for 11/21/2011
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Need Follow-Through
Thursday’s action in U. S. equities demonstrated intent to head downward. The next important action will be follow-through to confirm that intent, even if we see a corrective bounce first.
Squawk DJIA Briefing for 11/18/2011
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Patience
The 11,862 number cited in last night’s DJIA video is incorrect. The index would have to print below 11,737 in order to invalidate the triangle as it is currently drawn. Until we get a break below that level, a push to new highs, or some other clear indication that one of […]
Squawk DJIA Briefing for 11/17/2011
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Test Ranges and Patience
The Euro seems to be breaking down, but equity markets are not committing to a direction and leaving the door open to new highs before a drop. This forces us to remain patient. We want the market to commit to a direction before we do.
Squawk DJIA Briefing for 11/16/2011
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Pump Up The Volume
Equity market volume continues to be anemic; combine that with impressive swings in both directions and it becomes clear that the market is struggling to find a direction. This could just be a pause before a turn down, or sideways consolidation indicating the possibility of ongoing correction. We continue to address these possibilities in today’s […]
Squawk DJIA Briefing for 11/15/2011
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.