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: BLS in Focus
No doubt about it, Thursday’s reversal in U. S. equities was dramatic. While it might be a sign that a reversal has begun, so far we haven’t seen a decline that we can confidently say is more than a fourth wave correction. Fourth waves can be known to shake out weak longs before […]
Squawk Morning Briefing: Euro Surprise
The ECB came out with a “surprise” rate decision this morning sending the Euro plummeting and popping U. S. equities. While the move might have been a shock, the additional leg down in the Euro wasn’t. Following the announcement we recorded an updated Euro video to cover the interpretation.
We’ll see if the pop […]
Squawk Morning Briefing: Fourth Wave Blues
U. S. equities continue to act as if they’re in a fourth wave. The back and forth motion can be frustrating and while it could be over, we know that it could also continue sideways. If this is, indeed, a fourth wave the eventual resolution should be to the upside but one could […]
Squawk Morning Briefing: Anything Can Happen
This remains a really tough spot for U. S. equities. Just about anything can happen right here, especially if we’re still in a fourth wave. This remains a spot for the market to prove itself one way or another.
Squawk Morning Briefing: Door Wide Open
The door was wide open to the downside on Friday, U. S. equity bears just needed to walk through it. We had reasons to be skeptical about whether they would and so far those concerns have turned out to be well-founded. Now we have one more reason to suspect the uptrend isn’t yet […]
Squawk Morning Briefing: Euro on The Move
As we mentioned yesterday, U. S. equities still have a lot to prove to show that there is a change of trend. We also mentioned that the Euro was closer to showing signs of a reversal and it has continued to follow-through to the downside in an impressive manner through the day on Thursday […]
Squawk Morning Briefing: Work to Do
The DJIA finally caught up to the S&P 500 on Wednesday as it joined the club of indices making new all-time highs. After giving up those highs later in the day it brought renewed questions of whether a top is in. That is a possibility, but there’s much more work to be done […]
Squawk Morning Briefing: Fed Flu
Kevin is under the weather today so David is Filling in. We’ve also combined the DJIA and YM briefings this morning. With a number of markets in situations that are less than clear right now, and the FOMC announcement looming this afternoon, it’s probably as good a time as any to be curled […]
Squawk Morning Briefing: Still Tricky
This remains a tricky spot for a number of the markets we track making it a good time to tighten up stops on long-held positions and wait for more clarity before establishing new ones. In the mean time, other markets might present opportunities such as the USDJPY setup we posted to the home page […]
Squawk Morning Briefing: Tough Environment For Trading
Not much changes in the outlook today. As we’ve been maintaining, most trends remain in place but there also remain stretched conditions with divergences. That makes it a tough place to contemplate any new trades and leaves us waiting for clearer signs. One common feature of situations like this is that it […]