Every so often we like to re-read classic investing books. One of my personal favorites is “How I Made Two Million Dollars in The Stock Market” by Nicolas Darvas. This is an excellent story about how the market really works. It illustrates how Darvas evolved as a trader. Nicolas Darvas began like most of us with…
Stocks ended higher last week as earnings season kicked off and investors digested a busy week of macro data. The big bullish catalyst came from global central banks. The U.S. Fed and the European Central Bank (ECB) made dovish comments which prompted buyers to return from a 4-week hiatus. First, Janet Yellen softened her slightly…
#1 Reversals A key tool most successful traders use is a Trading Journal. The reason we keep journals is so we can easily go back and review past trades and figure out what went right, what went wrong, and attempt to figure out why. There are many different ways that you can keep your own…
Stocks end mostly higher on the first week of the third quarter. Stepping back, the market remains split. Tech stocks remain under pressure while the Dow Industrials, S&P 500 and Russell 2000 all closed above their respective 50 DMA lines. The bulls showed up on Friday and defended the 50 DMA line for the S&P…