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: Pullback
You don’t need us to tell you that the futures have pulled back from the Friday’s high. However, the important observation is that the rise from last week’s low appears impulsive and that has us expecting this pullback to be only temporary, leading to at least one more leg higher. If that move […]
Squawk Morning Briefing: How Big a Bounce?
One of our laments throughout most of the DJIA’s decline from September highs is that there hasn’t been a significant bounce which we can use to try to identify the wave structure. We can now dispense with that worry. How high it might go is the next question, and without being able to […]
Squawk Morning Briefing: Euro and Bonds
Yesterday we highlighted the importance of the Voodoo Treeline area for the Euro. Failing to break cleanly through that area would signal that the decline from recent highs was merely corrective, otherwise there would be potential for a larger decline. Wednesday’s action saw the currency find support at that area and it is […]
Squawk Morning Briefing: Watch The Euro Treeline
We’ve paid a lot of attention lately to the situation in U. S. equities which is murky at best. Let’s not lose sight of some of the other markets, because there are some important situation setting up. This morning finds the Euro resting on it’s Voodoo Treeline, which is an important level for […]
Squawk Morning Briefing: Gaining Perspective
The DJIA is getting ever closer to the August lows, but is that really the level we should be watching? Especially with the question marks surrounding the nature of the decline from recent highs it’s useful to step back and establish some perspective about the bigger picture in U. S. equities. That’s what […]
Squawk Morning Briefing: Trouble Trading
There’s no denying that prices are in a downtrend from September highs in U. S. equities. What is more elusive is a clear pattern to that decline. The count in the YM suggests that a bounce could be due after a move to new lows for the decline. Meanwhile the view of […]
Squawk Morning Briefing: Clue Search Continues
We still need to see more from U. S. equities to have a confident interpretation of the decline from September highs. At this point, what we are doing is updating our possible scenarios each day so that we now what sort of action would be convincing. To help in that effort, today’s DJIA […]
Squawk Morning Briefing: Remaining Flexible
Many short-term possibilities still exist for U. S. equities. We know what it would take for action to be more convincing one way or the other. Until we see it, it isn’t the time for bold prediction or bold action.
Squawk Morning Briefing: Still The Same
Today’s videos update the possible scenarios subsequent to Tuesday’s market action. While the additional trading adds some color to what might be happening, we are still left without a clear path. That leaves us in the same situation as yesterday, looking for clues in short-term impulsive and corrective moves until the larger degree […]
Squawk Morning Briefing: Pick ‘Em
Today’s look at the DJIA and YM takes a little bit of a different approach. There are simply too many possibilities right here to have any confidence in the direction. So instead of focusing on a specific outlook we instead focus on what we need to see before the market looks like it […]