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.
Trading with FibGrid and StockGrid: Archived Webinar
For a copy of the archived webinar where we discussed trading with FibGrid and StockGrid, right-click the link below and save the file to your computer for later viewing.
2011-01-10-FibGrid-Webinar.wmv
It has a number of my thoughts on integrating these tools into a trading system.
Squawk Morning Briefing: Earnings Season Begins
Friday’s BLS report seems to have been a mixed bag. A sizable number of new jobs were created, but perhaps not quite as many as optimistic traders were anticipating given the much more bullish ADP report from Wednesday. Most of the job growth came from service jobs in areas such as hospitality. These can be […]
Squawk Morning Briefing: Jobs Should Set the Tone
Today we won’t have much general commentary and we’ll get right to our briefings on markets below. The BLS report is out at 8:30 and that should be the big mover — not so much the report itself, but the reaction to it. Look to both the futures reaction at the time and the cash […]
Using Fibgid for Inverse Symbols on TOS
Many of us like to watch the inverses of certain symbols like $DXY, /DX, or /ZB since they tend to move inverse to equity markets. From time-to-time, I’m asked how to plot FibGrid on these inverses so I created this 10 minute video to demonstrate how to do this.
(video)
The values used in the video are:
$DXY: […]
Squawk Morning Briefing: Plenty of News to Digest
Wednesday’s surprisingly bullish ADP numbers seemed to be a follow-on to last weeks surprise improvement in Jobless claims. While this week’s data showed an increase in claims and last week’s figures were revised up slightly, it’s unclear that they support the job strength hinted at by ADP numbers. So with this week’s figures roughly in-line […]
Managing Put Ratio Backspreads
I received many positive comments on the video from two weeks ago on Using Put Ratio Backspreads at Possible Market Tops. So I am following up with another video on how to manage those spreads once they’ve been put on. It covers situations when prices move in the direction that was anticipated and when they […]
Sqawk Morning Briefing: ADP Moves Pre-Market
A much higher than expected ADP report has moved markets this morning and has erased much of the losses seen by equity futures. While the report came out after our videos were already recorded, we had already tempered our bearish enthusiasm and presented the case that markets need to prove themselves in either direction. That […]
Squawk Morning Briefing: New Year Fireworks
New Year’s Eve has many traditions: fireworks, the ball dropping in Times Square, and more. Our first trading day of the year saw some fireworks and no signs yet of anything dropping. So we’re still waiting to see if the bulls will fumble the ball. Until they do, they’re still in control. Today we’re […]
Squawk Morning Briefing: Markets Still Partying Into 2011
Morning equity futures are telling us that we’re not ready to go down quite yet. This is consistent with action on Friday that had prices turn upward prior to taking out our confirmation levels and provided a possible early warning. Short-term, our confirmation levels remain the same but our wave counts have now been updated […]
Squawk Morning Briefing: Big Hangover for 2011?
People don’t feel like they’re buying the high, even when they are. It’s much the same as that bottle of cognac that follows the champagne on New Year’s Eve; it doesn’t feel like too much at the time. Either way, the communal joy eventually turns to misery, at least for a time. We have no […]