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: Testing Highs
As we’ve repeatedly suggested, second wave corrections are often deep retracements and overnight futures have reached levels that recover a significant portion of what equities lost last week. For those who are nimble, this may represent a good trading setup with February highs indicating where counts calling for addition selling would become invalid. Those looking […]
Squawk Morning Briefing: Positive Biases
Again we have reached the last day of the month when funds sometimes mark up their portfolios. And once again, it falls on a Monday, a day that has has a positive bias during the run up from 2009 lows. Our wave counts also allow for a continued bounce so we will wait to see […]
Squawk Morning Briefing: Due For a Bounce
It looks like the first leg down in U. S. equities is done and is due for a bounce. Whether or not the first bounce comes from here or somewhat lower, we expect this first move to be met with selling that will prevent a new high and lead to at least on more leg […]
Squawk Morning Briefing: Equity Weakness Continues
U. S. Equities continued to slide on Wednesday and early morning futures suggest that move will continue through Thursday’s open unless 8:30 news reports drastically change the outlook. At some point we should get a bounce that fails to make a new high and then another leg down, and possibly much more.
Once the first significant […]
Squawk Morning Briefing: Disecting The Drop
The big drop in equities on Tuesday conforms to our expectations for a drop in the DJIA and it came from right by the target area which has been on our chart for months. Our YM video today also discusses how other equity indices are also ripe for a turn. However, moves have yet to […]
Squawk Morning Briefing: A Post-Expiration Tuesday
Equity futures have retaken some of of their losses since Friday’s close but continue to signal a likely gap down on the open. The extremes overnight in the YM were not enough to confirm a turn and the gap is unlikely to reach confirmation levels in the DJIA so we’re likely still waiting to call […]
Squawk Morning Briefing: Euro Pop Raises Questions
There are counts which allow for the DJIA to roll over from near current levels, but they are far from obvious and there are at least as many options that allow for the move higher to continue. Higher also looks like the most likely course in the YM and one is unlikely to turn without […]
Squawk Morning Briefing: Slow Grind Higher Continues
What more is there to say about equities, other than the slow grind is continuing, and may do so until we get a down move that takes out confirmation levels? Nevertheless, the move is stretched and once we get a turn, the wave count suggests we will see a decent down move.
Currencies still seem like […]
February 15th FibGrid Webinar Archive
Our February 15h FibGrid webinar was much like our February 10th session. We continued to look at stocks using settings from FibGrid Stock Update. We again reviewed how FibGrid lines are calculated and what they mean and how the grid parameters are identified.
To save the webinar archive, right click the file: 2011-02-10-FibGrid-Stock.nvl and save […]
Squawk Morning Briefing: Trouble Letting Go
Tuesday’s sell-off in equities was not enough to take out even our nearest confirmation levels and that was the market’s way of saying that it reserves the right to challenge the highs. The move down was also not a convincing impulse move and that puts us on notice that we need to allow for […]