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: Peanut Butter Morning
This morning is somewhat hectic with some problem trades stemming from a broker problem. Kevin has stepped in to provide a combined DJIA and YM update today. We’ll get straight to the videos without any further introduction.
Squawk Morning Briefing: Return of Economic Reports
Friday will bring the Bureau of Labor Statistics monthly report and, as usual, the week leading up to this closely-watched release is filled with economic reports. So we can anticipate several mornings of volatile early day action. Today we have personal income at 8:30 EDT and pending home sales at 10:00 EDT. This comes at […]
Squawk Morning Briefing: Does GDP Matter?
We’ve been hearing lots of chatter about the importance of this morning’s GDP number and market moves in anticipation of either good or bad results. This is the final release of Q4 2010 GDP, a number that has been estimated twice previously. Sometimes there are significant changes in the final release, but it’s uncommon. Furthermore, […]
Squawk Morning Briefing: Bulls Try to Take Control
The bulls are clearly trying to take back control of the U. S. equity markets. We have tried to allow for the move down from February 18th highs to be interpreted as a correction as well as a turn downward and continued bullish activity requires us to give additional weight to the scenario. Nevertheless, that […]
Squawk Morning Briefing: Consolidation until Continuation or Chop until Drop
With a market that barely moved on Tuesday and not much scheduled news on the docket this week there isn’t too much to talk about today. Of course that’s against the backdrop of several global news stories; any of which has the potential to generate dramatic new information at any time. The choppy consolidation moves […]
Squawk Morning Briefing: Just Sittin’ Here Watching The World Go Round and Round
Most markets are waiting to reveal direction to us. In such instances, trying to rush things is often an exercise in frustration. Therefore, it seems that one is better off letting the market reveal itself once it is ready. Today we update the clues that we’ll be looking for from markets. Until then perhaps we’ll […]
Squawk Morning Briefing: Active News Environment
The main question facing us at the moment is whether the decline in equities from February 18th is just a correction or a change in trend. The rise over the past few days has gotten up into a region that makes this question more immediately relevant. Unfortunately, it’s position in the wave count has the […]
Squawk Morning Briefing: Big Pre-Market Moves Ahead of Expiration
As we’ve mentioned, options expiration can lead to some wild swings that complicate the short-term wave count. Even though it may be tough counting, we’re at a place where the short-term count is likely to play a critical role in shaping our view on market direction so we will be playing close attention and interpreting […]
Squawk Morning Briefing: Expiration Week Home Stretch
News events have led to a volatile start to expiration week. Now that we’re in the back half, traders have to square up their positions before they expire and their plans may have been disrupted by the sharp moves. We generally let our wave counts guide us to interpret the likely direction independent of specific […]
Squawk Morning Briefing: Leading Indicators
As bad as economists are at interpreting day-to-day events and their impact on financial markets, one thing that most agree on is that the stock market is a leading indicator of economic activity. The evidence is sufficiently strong that value of the S&P 500 index is one of several components in the report of leading […]