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: Approaching Labor Numbers on Friday
Nearly 250 points up on the DJIA on Monday certainly trumps a series of 100 point swings that have caused chop over the past several weeks. However, it doesn’t yet do anything to convincingly say that we’re out of a protracted corrective pattern. Currencies seem to be more definitive about their direction, but even there […]
Squawk Morning Briefing: Little New For Equities; Euro Bounce
Even with the Dow futures predicting a 100+ point opening gap that will still leave the cash index inside our recent chop range. We need to break previously cited levels to have confidence that we know the upcoming direction. Failure to see that leaves us open to the sort of whipsaw action that has been […]
Squawk Morning Briefing: Still Chopping
For some time now we’ve been saying that the DJIA needs to break below 10,720 or above 11,452 to establish a clear direction. It has failed to do either for several weeks now. And what we’ve seen has been markets in chop with little memory of direction from one day to the next. Until we […]
Squawk Morning Briefing: Everyone Is Back To Work
Everyone is getting back to work today with lots of questions hanging over the market from a fundamental perspective. How will Black Friday sales come in? How will they be received? What about the Ireland bailout? Toss in questions about tax-related buying or selling going into the year and it’s quite a mess if you’re […]
Squawk Morning Briefing: Post-Holdiday Trading
A big pop on Wednesday erased Tuesday’s losses. Futures are down significantly this morning ahead of yet another reversal. Wild moves on low liquidity are not uncommon around holidays. They are also typical of corrective activity. Note that while it may be a coincidence that these occur together, the coincidence seems to be reliable. For […]
Squawk Morning Briefing: Pre-Holiday Trading
It seems like we’ve been getting some wild news events driving the markets around Thanksgiving the past few years and this year seems no different.
NOTE: U.S. Equity markets will be closed on Thursday and we will not publish a Thursday briefing. Some markets are open on Friday, some are closed, and some have a […]
Squawk Morning Briefing: High Risk
In all the markets we cover there are multiple possible counts to consider that create high risk when considering trades. We lay out the criteria we’ll be watching to try and discriminate between scenarios as we watch action unfold and look for lower risk trades. In our Dow update we also show a trade from […]
Squawk Morning Briefing: Wild Swings Overnight
Markets had some wild swings overnight with Equity futures and the Euro opening solidly up and pressing gains through most of the evening. After an early morning peak, declines accelerated through the morning with solidly lower being the impression about an hour before the New York equity market cash open. Volatility gives us some waves […]
Squawk Morning Briefing: Continuing to Measure Bounces
Yesterday we suggested that the extent of any bounce would give us a better indication of where we are. Weakness overnight in equity futures and weakness in the Euro following another swing high is not enough to conclude that this move up is over so we’ll continue to see how high we can go as […]
Squawk Morning Briefing: When We See Bounce We Wonder How High
Yesterday we suggested a bounce might be due and now we’re starting to see it. In the case of the Euro we believe it’s a counter trend move and the extent of the rise could help us get a better handle on the wave count in what we believe is the start of a decline. […]