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.
One Of My Favorite Bearish Setups
When looking at individual stocks in bear markets, one of the setups I scan for is an inverted cup and handle. One is forming now in Ford and there are some added elements that make this a setup worth watching. The pattern and the unique situation are discussed in the video below.
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Squawk Morning Briefing: Internet Troubles
As we mentioned in our email, today’s briefing was slightly delayed due to Internet connectivity issues. So we’ll get straight to the videos today…
Squawk DJIA Briefing for 9/13/2011
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: When You Lie Down with PIGS
The old saw goes, “when you lie down with dogs you wake up with fleas.” It seems that when one lies down with PIGS, one wakes up looking for one’s wallet. News reports are crediting fears of a Greek default with causing a European sell-off overnight. At some point “fear” will be replaced with “certainty” […]
Squawk DJIA Briefing: Trying New Format
We’re trying out producing the DJIA briefing in the evening with YM, Euro, and Treasury updates continuing in the morning. If it works out then we’ll keep it up.
Squawk Morning Briefing: Silence and Rememberance
Today the CME Group is observing four voluntary, one-minute moments of silence throughout the day. The first was already held at 8:46 EDT. The remaining three are scheduled for
9:03 EDT
9:59 EDT
10:39 EDT
If you wish to participate, simply don’t trade for a minute as an opportunity to reflect on the events of September 11, 2001 and […]
Squawk Morning Briefing: Two Hits to Futures
Equity futures were hit twice this morning: once when the ECB announced rates would remain unchanged and again when U. S. unemployment claims came in weaker than expected. As we publish, equity futures remain weak. This weakness will need to continue into the day session to keep the immediate view toward the downside.
As we lay […]
Squawk Morning Briefing: Power Back
With David’s power restored we’re back to our regular format. The prospects for a weak open following a sell-off in Asia and Europe and then weak BLS numbers domestically increases the odds that a wave iv-(circle) high is in.
Prudence dictates that we allow for a slightly higher print in the fourth wave correction unless opening […]
Squawk Morning Briefing: Full Bouquet of News
Tomorrow’s BLS number isn’t the only game in town. This morning’s claims data and labor productivity data add to the overall jobs picture. After the cash markets open we’ll add to the broader economic outlook with ISM manufacturing and construction spending.
We expect that the ISM number will be closely watched. Regional Fed data suggests significant […]
Squawk Morning Briefing: Friday Preview
The ADP Employment report just came out showing fewer jobs added in July August than anticipated. This is widely regarded as a flawed report that gives some indication of what to expect from the BLS report, but only in broad strokes. It missed expectations by roughly 20,000 and futures remain mostly within their early range, […]