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: Near End of Leg Down?
Economic data out at 8:30 EST may shape the direction of futures prior to the open. While that may impact our very short-term direction, we see possibilities of short-term lows near current levels in both equities and the Euro. This would need to be confirmed by price action, but the potential exists and it creates […]
Squawk Morning Briefing: Setiment Change?
Despite the DJIA being up a little over 9 points on Monday, we saw an interesting indication of change in sentiment: the morning pop was sold into the close. It also came at key levels as we’ll see in our video briefing. We still don’t have a confirmed turn in the DJIA but […]
Squawk Morning Briefing: Bounce Time?
Friday saw continued weakness and that has us considering the possibility that we have seen a completed five-wave move in several markets. If so, that would mean that we are due for a larger retracement in the decline from the highs. We cover the details below. For now we’re waiting to see if we get […]
Squawk Morning Briefing: As The Euro Turns
The Euro has finally started to show signs that it has turned, we want to see a clear five waves down to confirm. U. S. Equities still need to move more to the downside to begin showing similar signals so we’ll continue to closely watch for the indications we lay out in our briefing today.
Squawk Morning Briefing: One More Push Might Do It
The DJIA is showing signs of more selling on some short-term technical indicators. However, it still needs to break down further to show that we have a down move that will last for more than a few days. The count in the YM tells a similar story to the DJIA. Likewise, the Euro still needs […]
Squawk Morning Briefing: The Bear’s Oasis
One falling leaf does not make autumn and two down days in the markets does not tell us that we’ve seen a lasting turn. At some point two days will turn to three and three to four and before long we’ll have a legitimate sell-off. It may be beginning now, but we’ll point out that […]
Squawk Morning Briefing: Another New High Over The Horizon?
Strength overnight in both the Euro and the equity futures have us looking up at the moment. The question is whether it will lead to new highs or whether a move down (corrective or more) has already started. Our gut continues to tell us that we need to see at least one more new high […]
Squawk Morning Briefing: Looking at Long-Term Possibilities
We continue to be short-term overbought in markets and need to correct at some point. Today we re-assess the long term wave structure to see what it can tell us about whether any turn will be just a correction or a return to the downtrend.
Squawk Morning Briefing: Wilderness
The DJIA broke above its April high on Thursday. The S&P 500 looked like it had more room before it did the same thing, but it also accomplished the same feat. That means that primary wave (3) down did not begin in the equities in April and we need to see chart action unfold a […]
Squawk Morning Briefing: New Highs Make New Highs
The Euro broke to new highs overnight and the move doesn’t yet seem complete. More significantly is that futures are suggesting that the DJIA will gap above April highs on the open. That opens the door to additional upside for equities and doesn’t immediately give us guidance for where the movement might end, although there […]