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: A Time for Patience
If it weren’t for the wild spike down on Tuesday, the interpretation of the action would likely be more bullish than bearish. If the spike is to be believed then it clouds not only the wave count but also technical indicators. With many possible interpretations, it’s a good time to be patient and […]
Squawk DJIA Briefing for 4/24/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Let This Market Prove Itself
Futures are higher this morning. That fits with either a notion of an ongoing correction upward in U. S. equities or the need for a new high as discussed in our videos. We’ve also discussed what we need to see for the market to prove its intentions. Let’s force it to commit […]
Squawk DJIA Briefing for 4/23/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: The Clues Are in The Bounce
After Friday’s expected gap lower in DJIA, the blue chips failed to generate the downside follow-through that we mentioned would be required to signal third wave action and we saw a bounce that lasted the remainder of the day. The bounce is continuing in the overnight futures. The shape and behavior of the […]
Squawk DJIA Briefing for 4/22/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Something’s Gotta Give
Yesterday we mentioned the outsized impact of IBM and today it is selling off pre-market following earnings. Nevertheless, Dow futures have firmed overnight and S&P futures are strong. While they are both giving some back here in the 8:00 hour, if the strength is maintained into the open it wouldn’t be the signs […]
Squawk DJIA Briefing for 4/19/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.
Squawk Morning Briefing: Big Blue
So far, U. S. equities have done what they need to in order to keep downside expectations alive but insist that bounces remain corrective and result in continued selling to maintain that view. We have said many times that the DJIA cannot go very far in either direction if IBM isn’t along for the […]
Squawk DJIA Briefing for 4/18/2013
Below is our evening update for the DJIA. Tomorrow morning we will update the outlook for the other markets we cover.