Why Nicolas Darvas Trading?

March 8, 2010 Stock Market Recap
THis was a mixed session wit the Russell 2000 and Nasdaq continuing to outperform the larger cap indices. The small caps look pretty good here as they extend above their January highs. The market is stretched (overbought) and I'm still... […]
March 4, 2010 Stock Market Recap
As is so often the case, we're stuck in a bit of a holding pattern ahead of the monthly payroll report. There are some clearly defined 3-day ranges on the charts below and they should break (one way or the... […]
March 1, 2010 Stock Market Recap
Today the market broke free of the sideways pattern its been in for the last week or so. In doing so it made the technical picture look a lot better. The indices have cleared their 50-day moving averages and have... […]
February 23, 2010 Stock Market Recap
The latest consumer confidence numbers weighed on the market today. I'm not sure why people were expecting anything good from that data given the (real) unemployment rate though. The Russell 2000 is still above its 50-day moving average but most... […]
February 22, 2010 Stock Market Recap
My outlook hasn't changed over the last couple of sessions. The market remains extended and short-term overbought and the battle over the 50-day moving averages is still being fought. I can easily see a scenario where the large cap stocks... […]
February 18, 2010 Stock Market Recap
The technical picture was looking a lot better at the close today thanks to the Nasdaq rising above its 50-day moving average and the S&P 500 closing just shy of its 50 DMA. But the Federal Reserve made a surprise... […]
February 16, 2010 Stock Market Recap
We got some continuation of last week's strength but I think it's still too soon to sound the all-clear signal. The obvious obstacles for the Nasdaq and S&P are their 50-day moving averages. Let's see if they can follow the... […]
February 11, 2010 Stock Market Recap
For now, the stock market likes what came out of the EU today with regard to handling the crisis in Greece. The Nasdaq and Russell 2000 broke their downtrends which started in mid-January. The S&P 500 stopped just shy of... […]
February 8, 2010 Stock Market Recap
The price action was certainly disappointing today but there are a couple of good reasons not to read too much into it. First, volume was really light, so the selling wasn't intense. (That could be taken as a bad thing... […]
February 4, 2010 Stock Market Recap
Well now we know for sure that the rally earlier this week was just a relief rally. The indices made new lows for the year and are now clearly making lower highs and lower lows. Volume surged again but it... […]
February 2, 2010 Stock Market Recap
We rallied on better volume today but I'm still not convinced that this is nothing other than a relief rally. The S&P 500 is within striking distance of its 50-day moving average and the top of its November - December... […]
New Book: "The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It"
Some of you may be interested in the new book "The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It". Here's a short description (as if the title doesn't say it all): In March... […]
February 1 Recap: Disappointing Volume (Again)
I guess a bounce has to start somewhere and somehow but the way this one is starting isn't very convincing to me. Despite the apparently good fundamental reasons for the rally (good ISM numbers) the volume was much lighter than... […]
January 28, 2010 Stock Market Recap
It's real weak out there right now. Like I said yesterday, things were set up pretty nicely for the bulls but they weren't able to capitalize on the oversold market. The Nasdaq took the brunt of the selling today but... […]
January 27th, Recap and a Look at Apple's Chart
Image by Getty Images via DaylifeThis was a big day for Apple (the company, not necessarily the stock) as they finally announced the much-anticipated (and hyped) iPad. The stock ended the day higher after a wide ranging session. However, the... […]