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: Choppy And Overlapped Action
Action in U. S. equities remains overlapped in both directions revealing a need for caution in this immediate area until a trend direction is resolved. Full details in today’s videos.
Squawk Morning Briefing: No Breaks of Support
No breaks of support followed by wave overlap keep the immediate trend up.
Japanese Yen Trade Setup
Today we take a look at an interesting trade setup in the Japanese Yen. Please note that the video is looking at USD/JPY in the spot forex markets and the possibility that USD/JPY may go up from here. Symbols like 6J in the futures markets trade inverse to USD/JPY so if USD/JPY goes up as […]
Squawk Morning Briefing: Which Index Is Right?
Tuesday’s delayed BLS report was enough to shake stocks loose from their narrow range trading on Monday, once again propelling the S&P 500 to a new all-time high and, once again, leaving the DJIA short of that mark. Whether the DJIA eventually catches up to the S&P 500 or whether the S&P returns down […]
Squawk Morning Briefing: Calm Before The Storm?
Monday saw our intermarket divergences continue between the S&P 500, which made a new all-time high, and the DJIA, which didn’t. Furthermore, the S&P 500 closed up for the day while the DJIA closed in the red, even though the daily change was modest in both. Little change in prices means that there’s […]
Squawk Morning Briefing: Pattern Failure?
There are a number of folks talking about a possible ending diagonal in the S&P 500, just as it made new all-time highs on Friday. This pattern is a possibility, albeit one where there are concerns about whether it meets the criteria for the structure of the waves. Nonconfirmation from the DJIA does […]
Squawk Morning Briefing: Intermarket Divergences
Once again we see intermarket divergences; this time the S&P 500 making new all-time highs and the Dow Jones Industrials lagging. On Thursday, much (but certainly not all) of the DJIA underperformance can be attributed to IBM’s earnings. Whatever the cause, the DJIA isn’t doing what it needs to in order to confirm […]
Squawk Morning Briefing: Sell The News?
If the typical reaction to major events is to buy the rumor and sell the news then we may be able to attribute the advance from last week’s lows to anticipation of a deal to reopen government and resume borrowing. If so, then selling might be the natural reaction. Elliott wave scenarios would […]
Squawk Morning Briefing: How Much Down?
Tuesday saw U. S. equities retreat from overbought levels so now the question turns to how much further down we’ll see. Overall, the rise from last week’s low appears impulsive so we expect to see any pullback complete above those lows before another leg higher. Exactly how much lower and how much higher […]
Squawk Morning Briefing: Short-Term Overbought
In the short term, U. S. equities appear overbought. However, it remains unclear whether that means anything in a news-driven environment. Certainly it sets up some potential selling if the next news is a disappointment, but it need not be a letdown. The overall shape of the move up continues to be […]