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: Headline Risk
We can often be fairly harsh on others and it’s time to take a look at some of our own recent headlines to see how we’re doing. On Wednesday we proclaimed, “Famous Last Words: Euro May be Turning.” Then on Thursday we told subscribers, “Smells Like Topping Action.” We were clearly premature in calling for […]
Partial 1/13 Webinar Recording
NewLadyT1 from TOS Chat has a recording of the first hour of our Webinar from January 13th. Like the recordings on chartsnchat, this requires either the Camtasia player or the TechSmith video codec installed in order to play. Since so many of you asked, I’m providing the partial recording here:
Webinar Recording
Thanks again to NewLadyT1!
Squawk Update: YM and Treasuries
For Elliott Squawk subscribers we have updates to our YM and Treasury briefings below.
Squawk Morning Briefing: Smells Like Topping Action
The Dow made a new high on Wednesday while virtually every other broad index failed to do the same. The DJIA’s relative outperformance can be traced to IBM’s strength on positive earnings news. Whatever the cause, the wave structure sets up the possibility that the index could make a new high before falling even if […]
Squawk Morning Briefing: Famous Last Words: Euro May be Turning
We have been watching the pattern develop in the Euro and it has been a wild one. We are currently in a range and wave count where we have met the minimum expectations for an upward correction and could be ready for a turn down. However, we still need to see confirmation at levels we […]
Squawk Morning Briefing: The Whites of Their Eyes
It continues to be possible that we’re on the verge of a significant reversal in price and trend. Nevertheless, the short-term patterns. A general rule is that if a pattern isn’t obvious, it’s often not yet over. So we will watch things develop before getting aggressively bearish. Our theory also gives us clear confirmation levels […]
Squawk Morning Briefing:Watching for Wild Moves Ahead
The short term counts in equities and equity futures are ambiguous even though the longer-term counts tell us that we should be topping in this region or slightly higher. While that makes it tough to pinpoint the exact spot of a turn, we see many signs that movements may start to become more wild. This […]
Squawk Morning Briefing: Asian Governments Grease European Wheels
Chinese and Japanese commitments to participate in Eurozone bond auctions has led to relatively well received auctions so far. Who knows how long the relatively high price of palm kernel oil at home will let them lubricate European economies, but for now the intervention is making the Euro trickier to pin down than a greased […]
Squawk Morning Briefing: North-East Traders Snowed In?
The snow is coming down pretty hard here in Massachusetts and perhaps NYC traders might also have some travel challenges today. Whatever the situation, equities seem to want to challenge the prior high and just might get a new one. We address that situation as well as the developing situations in the Euro and in […]
Squawk Morning Briefing: AA Sells on Slight Beat
AA reported a slight earnings beat yesterday and sold in after hours trading on the news. As we’ve said, the reaction is more important than the news itself. However, the overall reaction in the futures has been positive with equity futures receiving quite a boost. Meanwhile, the Japanese government has stepped up to the plate […]