Trading Places with Tom Bowley

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Is This Rally A Trick Or A Treat?

by Tom Bowley

Market Recap for Thursday, October 29, 2015 All of our major indices saw selling on Thursday, although losses on the Dow Jones and S&P 500 were relatively minor, with the latter losing less than one point... Read More 

Trading Places with Tom Bowley

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Reaction To Fed Paints Very Bullish Picture

by Tom Bowley

Market Recap for Wednesday, October 28, 2015 One of the most bullish historical periods of the year got off to a bullish start with the help of the Fed. But if you've been following the U.S. stock market for a few years, that was nothing new... Read More 

Trading Places with Tom Bowley

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Stocks Move Lower But Biotechs Clear 50 Day

by Tom Bowley

Market Recap for Tuesday, October 27, 2015 It was a rather non-eventful day on Tuesday with our major indices in negative territory throughout much of the day... Read More 

Trading Places with Tom Bowley

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Market Calms As Traders Await Apple Earnings

by Tom Bowley

Market Recap for Monday, October 26, 2015 Relatively speaking, there was little volatility in U.S. equities on Monday as each of our major indices showed minor gaps at the open and then traded within Friday's trading range... Read More 

Trading Places with Tom Bowley

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NASDAQ Flies Led By Technology

by Tom Bowley

Market Recap for Friday, October 23, 2015 Huge earnings reports from the likes of Amazon.com (AMZN), Alphabet (GOOGL) and Microsoft (MSFT), among others, sent NASDAQ 100 shares flying higher on Friday, far outpacing the broader stock market... Read More 

Trading Places with Tom Bowley

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Resilient Bulls Defy Gravity

by Tom Bowley

Market Recap for Wednesday, October 22, 2015 It was a very bullish kind of day. There was strength at the opening bell and outside of a brief mid-day bout of selling, buying continued through the close. Adding an exclamation point was the volume... Read More 

Trading Places with Tom Bowley

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NASDAQ Fails At Resistance; Closes At One Week Low

by Tom Bowley

Market Recap for Wednesday, October 21, 2015 The U.S. stock market closed on a sour note on Wednesday as only very minor gains in consumer staples and industrials saved the bulls from an entire sector sweep... Read More 

Trading Places with Tom Bowley

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Biotechs, IBM Drag Market Lower

by Tom Bowley

Market Recap for Tuesday, October 20, 2015 The Dow Jones U.S Biotech Index ($DJUSBT) fell 2.5% on Tuesday, failing to hold onto the 20 day EMA it had barely broken above the prior three trading sessions... Read More 

Trading Places with Tom Bowley

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Market Stalling Near Those Pivotal 20 Week EMAs

by Tom Bowley

Market Recap for Monday, October 19, 2015 It was mostly bifurcated action throughout Monday's session with the NASDAQ leading. The Dow Jones and S&P 500 did manage to finish with gains after rallying in the final two hours... Read More 

Trading Places with Tom Bowley

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Option Expiration Day Provides No Answers

by Tom Bowley

Market Recap for Friday, October 16, 2015 Friday's action was fairly calm for an option expiration day, especially given that there's so much at stake technically... Read More 

Trading Places with Tom Bowley

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Bears Had Their Two Day Glory

by Tom Bowley

Market Recap for Thursday, October 15, 2015 On the surface, the big gains yesterday appear quite bullish - and they may turn out to be. There are definitely positives and negatives. On the plus side, volume really accelerated in the final hour or two to support the buying... Read More 

Trading Places with Tom Bowley

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Futures Up, New Battle Begins

by Tom Bowley

Market Recap for Wednesday, October 14, 2015 Materials and energy managed to eke out fractional gains, while utilities were flat. Unfortunately, as I evaluate the strength of the stock market, those are not the sectors that heavily influence me... Read More 

Trading Places with Tom Bowley

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Short-Term Signs Pointing To Weakness Ahead

by Tom Bowley

Market Recap for Tuesday, October 13, 2015 One piece of good news on Tuesday was that technology was the leading sector. However, all nine sectors moved lower and the action was probably the most bearish over the past 2-3 weeks... Read More 

Trading Places with Tom Bowley

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What Makes A Bear Market?

by Tom Bowley

Market Recap for Monday, October 12, 2015 It was a relatively quiet session as many market participants shied away from action in observance of Columbus Day. NASDAQ volume was only 1.33 billion shares, extremely light compared to recent sessions... Read More 

Trading Places with Tom Bowley

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Key Long-Term Moving Averages Being Tested

by Tom Bowley

Market Recap for Friday, October 9, 2015 There wasn't much news out towards the end of last week so all eyes were on overseas action and technical developments here in the U.S. Of course, earnings season is kicking into gear and that now becomes more of a focus as well... Read More 

Trading Places with Tom Bowley

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Selling Of Treasuries Helps To Fuel Market Rally

by Tom Bowley

Market Recap for Thursday, October 8, 2015 One very good thing has emerged lately with respect to the U.S. stock market. It trends higher into the close and afternoon buying is generally healthy market action... Read More 

Trading Places with Tom Bowley

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60 Minute Negative Divergences Wreaking Havoc

by Tom Bowley

Market Recap for Wednesday, October 7, 2015 European markets ended in positive territory again on Wednesday and that's certainly providing a lift for the U.S. market. Healthcare (XLV) picked itself off the floor and led the action, gaining 1.60%... Read More 

Trading Places with Tom Bowley

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Bulls Fail But Hold Rising 20 Day EMAs

by Tom Bowley

Market Recap for Tuesday, October 6, 2015 No one could claim victory on Tuesday. First, we had a bifurcated market in which the Dow Jones rose while the S&P 500, NASDAQ and Russell 2000 all lost ground. Three sectors gained while the other six fell... Read More 

Trading Places with Tom Bowley

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Bulls Face Yet Another Major Test Ahead

by Tom Bowley

Market Recap for Monday, October 5, 2015 This tennis match continues to unfold with the bulls returning serve the past few trading sessions... Read More 

Trading Places with Tom Bowley

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Energy Propels Stocks To Major Reversal Friday

by Tom Bowley

One reminder: You can subscribe to my blog and receive all of my blog posts via e-mail each morning by simply clicking on the "Yes" button below and providing your e-mail address. This applies to all of the blogs here at StockCharts... Read More 

Trading Places with Tom Bowley

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Big Jobs Report: Who Won?

by Tom Bowley

Market Recap for Thursday, October 1, 2015 We finished on a strong note on Thursday by rallying into the close and ending near highs of the day across our major indices - very similar to Wednesday... Read More 

Trading Places with Tom Bowley

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Volume Strengthens On Wednesday Rally

by Tom Bowley

Market Recap for Wednesday, September 30, 2015 The month of September and the third quarter of 2015 came to a close on Wednesday and the bulls were able to reduce their losses for the month and quarter. The S&P 500 finished September down 2... Read More