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: Testing Extremes… Again
Friday’s bounce on BLS numbers took U. S. equities up into the area of last-chance resistance. Should bears want to maintain control they need to assert themselves from near Friday’s high. Confirmation remains critical and today’s videos discuss what to look for.
Squawk Morning Briefing: Power of Patience
Yesterday in our introduction we mentioned that the sudden emergence of multiple alternate scenarios introduced additional complexity which was a cause for caution. Today we see the benefit of that caution: by waiting the more likely scenarios emerge as we get to see more of the price action. This doesn’t mean that the […]
Squawk Morning Briefing: Caution in The Face of Complexity
Wednesday’s move opens the door to a number of wave count possibilities in U. S. equities. In some ways this is not too much of a surprise with important news events on the horizon. It does complicate the very short-term picture and suggests some caution. Today’s videos discuss the situation.
Squawk Morning Briefing: The First Five Are The Hardest
At the beginning of any new move, counting out the first five-wave move is always the hardest. There are several challenges, starting with the fact that without first counting a complete five-wave move one cannot even confirm that a trend change has occurred. That is, one cannot even be sure that it should […]
Squawk Morning Briefing: More News Coming
Today might be a light news day, but the back half of the week has a number of important reports scheduled, the most important being GDP and the BLS report. Those both have the potential for significant market impact but, as always, will be filtered by the mood of traders and we believe that […]
Squawk Morning Briefing: Is Santa on His Way?
We’re now into December, the season of the Santa Claus Rally, yet the market is already stretched and near all-time highs. So once again we are left to wonder if seasonal patterns will win out or if the market is finally prepared for a pullback. Today’s videos update how we’re looking at the […]
Squawk Morning Briefing: The Start of Something?
In the grand scheme of things, Tuesday’s late day sell off wasn’t terribly large — less than 6 points in the SPX. But it was dramatic compared to the grind higher during the day and it comes from a spot where the move up can reasonably seen as a complete move. That has […]
Squawk Morning Briefing: Watching Closely
We know what they market needs to do to show us that a turn down has begun and there are signs that we might be close to seeing that turn, so it is a good time to be paying attention. However, until it actually generates one of the signals identified in our videos, we […]
Squawk Morning Briefing: Thanksgiving Week
Thanksgiving week has had some interesting trading has been interesting in the past few years. U. S. equities appear to have some more room to the upside which may fit with the historically bullish bias of the holiday. But how much upside is left and whether it will last the week is still […]
Squawk Morning Briefing: How Closely Are You Watching?
In many markets we are watching very closely for for signs that potentially tradeable signals are coming. That doesn’t mean they are coming today or tomorrow, but they could. In fact, it doesn’t mean they are coming at all. Nevertheless, if there was a time to be watching closely to see, then […]