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: After the Election
The election is over. Now we can look forward to a Fed announcement this afternoon and labor report week activities for the rest of the week, beginning with the ADP report this morning. There are a number of things that could move the market. But until they do, we still see chop and indecision and […]
Squawk Morning Briefing: Will Markets Make Decisions on Election Day
With the DJIA up about 5 points on Tuesday, both bulls and bears continue their reluctance to push markets either up or down. We continue to be near a critical spot and the near-term choice may set the tone for near term. That is, once they actually do make a choice. The parameters of that […]
Squawk Evening Update: The Last
More indecision today when both the bulls and bears had opportunities to press their advantage but failed. This morning’s advance was impressive and quickly broke above the FibGrid 2002 snow line and kept running. However, it failed to take out last week’s high before falling. That leaves open the possibility that the advance into the […]
Euro Triangle: Where might it end?
We’re watching a possible triangle form in the Euro. If this is the pattern, we would like to know where it might end. We can use some of our Fibonacci techniques to help out as we demonstrate in this video.
Squawk Morning Briefing: More Chop?
Little movement on Friday means little change in in our count on equities and the Euro has still not broken out of a possible triangle triangle to establish direction. The wave structure in the futures suggests that prices could head higher, so we don’t want to be surprised by that possibility. However, without confirming counts […]
Squawk Morning Briefing: Painting into a Corner
Action on Thursday continued to support our notion of indecision. Both bulls and bears had opportunities to press their advantage, but both gave up. In the DJIA, they gave up at the FibGrid snow lines that we had been watching and those levels contained price movement. The Euro was weak overnight and turned down from […]
Squawk Morning Briefing: No Change Yet
A slight positive bias overnight was given fuel by a “positive” jobless claims report and pushed futures higher. Perhaps this is the push needed to end an upward correction necessary within a down move, or it could be a turn back up. Both possibilities are anticipated in our analysis. Until the overall trend is clear, […]
Squawk Evening Update: Are Dip Buyers Bored?
For several weeks now we have used the adjective “indecisive” to describe market action. Today’s action provided yet another example; bulls lacked the conviction to immediately buy up an opening sell-off, but bears didn’t have the confidence to press their early advantage. The result is that we continued to see whippy action.
Both the DJIA and […]
Squawk Morning Briefing: Indecision 2010
Markets remain indecisive. We see this demonstrated by the difficulty extending to from three waves to five waves either up or down. Weakness in the futures overnight suggests we might take out some support levels, but the current levels aren’t low enough to predict we’ll extend to five waves. For that, traders will need to […]
Squawk Evening Update: Today Was About FibGrid
This morning we said to watch behavior at the FibGrid 2002 snow line to see the DJIA’s direction for the day. While the opening gap down below the grid line seemed like it would break down. However, the gravitational pull of the FibGrid was strong and it quickly pulled prices back where they oscillated above […]