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: Topping Action Vs. Top
We continue to see what looks like topping action and it is occurring as the market is extended to the upside giving a good reason to consider a turn. Price movement is particularly difficult to nail down into a definitive wave count right now and this isn’t inconsistent with the idea of a top. However, […]
Squawk Morning Briefing: Earnings Season Begins
Today marks the unofficial start of earnings season with the first DJIA component, Alcoa, reporting Q1 results after the bell. As always, we care less about the earnings than we do about the reaction to them as significant news events tend to be the catalysts which impact the wave structure. Our best interpretation at the […]
Squawk Morning Briefing: Why We Can’t Play Bridge
You can’t win at bridge if you can’t count tricks. However as many tricks as the market seems to be throwing at us lately, we are doing our best to keep up with our counts. However, the critical factor in finding an end to the rise in U. S. equity markets is confirming a fourth […]
Squawk Morning Briefing: He Said She Said
Yesterday we mentioned how the two of us have different views of the equity indices and today we discuss that more in our videos. The Euro also may be putting in a turn and we discuss those scenarios.
Squawk Morning Briefing: Disagreement
The two of us have different views of the equities on their move up from the March swing lows. One view has us already in a fifth wave of the move up and the other is still looking for a fourth wave. It is usually the case that once a move is complete the structure […]
Squawk Morning Briefing: The Long View
Kevin has produced an interesting video on long-term levels for the YM. Of course, we also have our full update on all the markets we cover below.
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Squawk Morning Briefing: Movin’ On Up
The DJIA put in a new high yesterday and the S&P 500 seems poised to follow. The Euro also put in it’s highest levels of the year relative to the dollar and overall message seems to be that we’re still not finished to the upside.
Squawk Morning Briefing: TGIF
After a crazy, news-filled week we need a break. Remember economic data extends into the trading day, so we’re not finished even after we get the BLS report. Perhaps the resulting movement will be enough to clarify the wave count.
Squawk Morning Briefing: News Parade
The parade of economic data and other news continues today, leading up to tomorrow’s BLS report. Perhaps that will be the catalyst to give us the wave structure needed to better pinpoint the current count in U. S. equities. Our latest read is in today’s videos.
Squawk Morning Briefing: Little Things with Big Implications
On Tuesday the DJIA exceeded its March 3rd high by $2.31. For some time now, we have been saying that this change would rule out the most likely of the immediately bearish scenarios among those that we have been tracking. That change requires that we revise our game plan for how we look at this […]