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 Evening Update: The Last New High?
We’ve been waiting for several days for the DJIA to either break above last Wednesday’s high, or break down below 10,994. Today prices finally chose the former option. Our game plan is to now look for a completed five waves up that we expect will end the months-long upward correction we’ve seen and lead to […]
Make Your Fisher Chart Look Like FW’s
FW has changed his fisher chart to remove lines and signals he finds distracting. If you want to make you study look like the ones that FW shows in shared chat and in the E-Mini Room, go into Edit Studies and go to each of the plot tabs highlighted by a red box and then […]
Understanding DynaRange
We receive more questions about how to interpret DynaRange than any other indicator. Perhaps that’s because it doesn’t really work like any other indicator that traders have experienced before. So if you’ve had questions about DynaRange, read on. By the end you will know the answer to these frequent questions:
What is the best timeframe to […]
Squawk Morning Briefing: Parameters Remain Clear; Price Action Murky
Futures prices weakened overnight but have mostly recovered. In equities and forex, we are still in an ambiguous place where prices could go either way. The Monday after options expiration often sees prices remain relatively stable and then prices can move again on Tuesday. Who knows if that will remain the case this time around. […]
Squawk Morning Briefing: Goldilocks and the 3% Bears
It seems that whenever Fed Chairman Bernanke is scheduled to speak, the market stalls until he does. Perhaps the best fundamental explanation to account for the very narrow trading range this week. At 8:15 this morning Ben is scheduled to speak at a Fed conference in Boston and all are watching […]
Squawk Evening Update: Have We Been Here Before?
Today’s range on the DJIA was a relatively narrow 88.96 points, but was cavernous compared to the daily net change of 1.51. It was also narrower than Tuesday’s net change of 10.29 and even Monday’s already paltry 3.63. That means that most of the market’s move this week came from Yesterday’s advance. As traders we […]
Squawk Morning Briefing: Conflicting Signals
The Euro put in a new high overnight. While the currency may be at some possible Fibonacci resistance levels, it looks like it could have further upside potential. If so, it could give a continued lift to equities which are already stretched to the upside and continue to have the DJIA near a the April […]
Squawk Evening Update: Nothing New
Today’s new highs should not be too much of a surprise. We have several possible counts on the DJIA to sort through for tomorrow morning, but most look like they need at least one more new high before they’re complete. Today’s close places the DJIA within 162 points of the April high. We had mentioned […]
Squawk Morning Briefing: Continued Caution
Overnight futures were up even before a good report from JPM. That, combined with a positive response to a “beat” from INTC has futures pushing to new highs as we prepare to publish. The longer-term count still favors the notion that this current move up is part of a correction, but to keep that possibility […]
Squawk Evening Update: New Highs Again
Today the DJIA joined other indices in new highs. The turn upward after only three waves down was the first clue that it might continue on to new highs. It looks as if the we haven’t yet put in five waves up into the highs; typically a sign that there is more up. However, we […]