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: Ring Out The New (High)
For those of us counting Elliott waves it seems that 2010 has been the year of “one more new high” where the continued advance has always seemed like an additional push higher was needed to complete the wave count before a turn. We are at the point where a few additional pushes higher would fit, […]
Squawk Morning Briefing: Continuing Our Call
We continue to see the need of a new high. On Monday the DJIA gapped down and ran to just above the levels we cited as necessary to have us looking downward without a new high. As long as those levels stay intact, we’re going to continue looking upward. Not too far upward; once this […]
Squawk Morning Briefing: Another Week of Holiday Trading
We got the new high that we were looking for on Thursday, and also got a downward correction as well. We are allowing for that new high to be the end of a move up, but the best count has the upward move still incomplete and still requiring another new high. Therefore, we […]
Squawk Morning Briefing: Big News on Slow Day
The news schedule is pretty full this morning, especially in light of the fact that today is the last trading day before a holiday weekend. Jobless claims, durable goods orders, and personal income figures are all scheduled for 8:30 EST. Consumer sentiment is due at 9:55 and new home sales at 10:00. […]
Squawk Morning Briefing: Another New High On The Way?
We had a few technical glitches this morning along with some other issues that delayed this briefing. So we’ll get you right to the video updates without writing much here.
NOTE: U.S. Equity markets will be closed on Friday and we will not publish a Friday briefing.
Squawk Morning Briefing: Pre-Holiday Trading
It’s not uncommon to see trade volume dry up as we head into the holidays. and that can make for some tricky trading. Breakouts to either direction on low volume can be temporary and reverse quickly. However, we could also see a continuation of the current sideways chop. Often consolidation comes before continuation. Such a […]
Using Put Ratio Backspreads at Possible Market Tops
After last weeks post about important resistance I received many questions about how I am trading this. I do not like to make pure directional plays before a move is confirmed and the possible tops in many markets are not confirmed even though FibGrid shows them to be occurring at key resistance levels. One of […]
Squawk Morning Briefing: The Answer Is Blowin’ in the Wind
How many highs must an index make, before you can call it a high? I suppose we’ll see. Choppy consolidation near the highs on expiration Friday could be a triangle or other fourth wave pattern in both the DJIA and the YM. If so, the YM appears to be thrusting up and out of the […]
Squawk Morning Briefing: Still on Top Watch
Thursday’s market moves did little of note with respect to some of the key confirmation and non-confirmation signals that we’ve been looking for. The movements did help us to refine a few possibilities but our videos contain mostly the same message:
We’re either looking for a top to be in or about to be in at […]
At Critical FibGrid Levels Now – What Traders Need to Know
Many markets are at critical levels right now with turns possible either at current levels or slightly higher. While we’re near these levels we wanted to send out an email to do a few things:
Let all our memebers know about the importance of nearby levels, whether or not you are actually using FibGrid;
Make sure that […]