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: Still Eyeing Highs
U. S. equities rebounded dramatically on Friday. Whether that was due to a calmer view of geopolitical events, options expiration, or a combination of the two cannot be knows. What does appear to be clear is that it has the decline from all-time highs in the S&P 500 looking clearly corrective and, therefore, […]
Squawk Morning Briefing: Geopolitical Shocker
News shocks like those that hit U. S. equities on Thursday are difficult to predict. They can come at any time and sometimes they are a reason to change our view and other times they are an opportunity to join a trend at a better price. That’s one reason why we always want […]
Squawk Morning Briefing: More Overlapped Action
The action in the S&P 500 continues to look choppy and overlapped as it consolidates below the all-time high from a few short weeks ago. That suggests that any move down remains corrective and has us expecting a new high before any more significant decline. Today we further refine our scenarios based on […]
Squawk Morning Briefing: Updating Scenarios
Nothing on Tuesday changes our outlook which expects to eventually see higher prices in U. S. equities. However, there are still many scenarios of how we could get there and it isn’t clear whether any move higher has begun yet or not. Today’s videos update our scenarios for the most likely paths and […]
Squawk Morning Briefing: Pop To Resistance
Monday saw range expand on an opening move upward. At the same time, that move took prices right into a possible resistance area we were looking at and price stayed in that region for the remainder of the day. Today’s videos update the various scenarios we’ve been tracking to account for that move.
Squawk Morning Briefing: Conflicted Action
Friday’s action gave some signals which could be interpreted as conflicted. We some some additional upside in the move up from last week’s low but that move up was relatively muted. The tepid advance is a warning that the low might not represent a completed correction. Today’s video updates the possibilities and […]
Squawk Morning Briefing: Support Maintained
Thursday morning we appeared ready to open near important support. It looks like that support was maintained so today we look at the implications that has for the broader outlook.
Squawk Morning Briefing: Risk Off Morning
It is looking like a risk off kind off kind of morning. Precious metals and treasuries are catching a bid, but most other assets are being sold hard. Grains are an exception, recovering a bit from a thrashing on Wednesday.
Today’s videos put the decline in context of the scenarios we’ve been watching and […]
Squawk Morning Briefing: Shifting Gears
Tuesday’s continuation to the downside broke short-term support levels we had been watching. However, long-term support remains intact and the wave structure of the short-term moves remains ambiguous. Today’s video talks about how to reconcile the short-term with the longer-term in this type of situation.
Squawk Morning Briefing: No Change Yet Ahead Of Earnings
As we put holiday trading behind us we are beginning the second quarter earning season. Into that environment, there’s still not much change to the outlook for U. S. equities. The dominant trend still remains up, but markets look like might be close to being stretched too far. Today’s videos update our […]