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.
Japanese Yen Wrap-Up
Back in November we made the case that USDJPY appeared to be finishing an Elliott wave triangle and that a setup was developing with good risk/reward characteristics. We also reviewed the trade setup in a November webinar that was archived in case you missed it. The objective of the trade was to move back above […]
Squawk Morning Briefing: Cautious Intraday Today
Today’s videos update the the latest view, but it’s still in-line with the view from Thursday morning. Once again, it is quadruple witching so even if the broad view is on track, the intraday picture might be tricky today.
Squawk Morning Briefing: How High Will This Go Now?
With the FOMC decision to begin to taper we can see that the markets reaction was, indeed, different than one might have expected. It also left the decline from November’s highs looking like a correction. That brings wave expectations in alignment with typical seasonal patterns favoring an upward bias toward the end of […]
Squawk Morning Briefing: Look to What They Do Not What They’re Saying
Conventional wisdom seems to be developing that the sell-off since Thanksgiving has been in anticipation of a possibility that FOMC announces the start of tapering today. The crowd also seems to anticipate the sell-off continuing should they actually reduce their bond buying and that equities will head back up should they continue the current […]
Squawk Morning Briefing: Waiting on FOMC?
Much is being made about the importance of this week’s FOMC meeting. We know the market’s tendency to want to leave room to move either direction ahead of these sorts of events. If that is the plan this time around then we might see more subdued action today to leave things in a […]
Squawk Morning Briefing: Will We See Anything Before News?
Consolidation on Friday didn’t settle any of the open questions about short-term direction. We know that consolidation often leads to continuation of the current trend which would favor at least one additional new low yet futures as of 7:30 am EST so far are arguing for a different path. The FOMC meeting later […]
Squawk Morning Briefing: Fork in The Road
Thursday saw the small degree lower low in U. S. equities which we were expecting but still with no confirmation of a larger degree change in trend. That leaves the door open either a continuation to the downside to generate that confirmation but also a door open to new highs from current levels or […]
Squawk Morning Briefing: First Objectives Near
Wednesday finally saw confirmation of a turn down at small degree of trend. That saw continuation to the downside to the point where prices have almost reached the first objectives expected based on that confirmation. Meanwhile, we haven’t yet seen confirmation of a turn down at larger degree of trend to suggest whether […]
Squawk Morning Briefing: Waiting for Confirmation
At several degrees of trend, we are awaiting confirmation of a move. This remains a spot to be patient as discussed in today’s videos.
Squawk Morning Briefing: Testing Limits
Many markets are starting to test the limits of where prices should go if we want to keep alive the idea of a change in trend. That underscores the need to see confirmation which is still missing. Criteria are updated in today’s videos.