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: Singing the BLS
All the markets we follow are in precarious spots where they could break one direction or the other. Perhaps today’s BLS Nonfarm Payroll report will push things one direction or the other. Alternatively it could be the push to finish a move before reversal. Whatever happens, the report has a way of creating wild moves […]
Squawk Morning briefing: Still Digging Out
Presumably traders will all be back at work today even though things seem to be quite messy outside in the Northeast. Rough conditions has gotten us a bit behind this morning so rather than focus on a summary here, we’ll point readers straight to our individual videos.
Squawk Morning Briefing: Still Bearish; Bruised and Bearish
We remain cautious based on the whipsaws the past few days, but will stick with our discipline. It continues to suggest that we are near an important top. Our latest analysis is in our video briefings.
Squawk Morning Briefing: Overnight Action Calls for Caution
The Euro has retraced all of its sharp decline and put in a new high, calling into question what the short-term count might be. Even though the similar decline in equities hasn’t been erased, we remain cautious. At the moment, the count in the DJIA favors a continued decline and we will stick with that […]
Squawk Morning Briefing: More Selling Likely
Both equities currencies put in sharp moves on Friday that have an impulsive look to them. To us, that suggests that we haven’t yet seen the full extent of the move down even though we may see a strong corrective pop. Should the second leg down take out our long-standing confirmation levels then we will […]
Squawk Morning Briefing: No News is No News
We continue to anticipate earnings from CVX, a DJIA component, this morning along with the first estimate of fourth quarter GDP. These events have the ability to move the market. Perhaps that will shake the DJIA from its narrow trading range so we can see whether it has begun its turn down or whether it […]
Squawk Morning Briefing: This Time We Mean it!
Since we sent out our alert on the Euro , the currency has reached higher one last time to put in a high that is just about a pip higher, but the pattern remains valid and is shown in our Euro briefing. It does not guarantee that we will turn, but that remains what the […]
Squawk Morning Briefing: No Change
The FMOC releases a statement today at 2:15 Eastern and the expected message is “no change.” Those two words represent the bulk of our update today. We’re still waiting for confirmation of a turn in markets. Details, as always, are in the individual videos.
Squawk Morning Briefing: Ellusive Confirmation
The situation has not changed much recently. We continue to anticipate a turn from near current levels or a bit beyond. However, since our shorter-term wave counts can’t conclusively differentiate between those possibilities we continue to need to wait for confirmation. Until then all possible tops remain merely possibilities. We’ve updated confirmation levels today and […]
Squawk Morning Briefing: The View from the Top
We continue to see possible topping signs in many markets. Overnight the Dow futures put in a pattern that could be complete, as did the Euro. While the DJIA may still need one more new high to complete its run, it is possible for a bounce near the open to carry cash to its peak […]