Trading Places with Tom Bowley

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Strength In Treasuries Offsets S&P 500 Rally

by Tom Bowley

Market Recap for Friday, February 26, 2016 Materials (XLB) led bifurcated action on Friday as this sector rose 1.45%, more than double any other sector. Both the NASDAQ and Russell 2000 showed gains, while the Dow Jones and S&P 500 finished in negative territory... Read More 

Trading Places with Tom Bowley

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Bears: Pardon The Interruption

by Tom Bowley

Market Recap for Thursday, February 25, 2016 Financials (XLF) rallied nicely on Thursday to lead this extended market rally. Unfortunately, four of the six best performing industry groups within financials were REITs, the more defensive area of financials... Read More 

Trading Places with Tom Bowley

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Bulls Turn Tables After Weak Start, What's Next?

by Tom Bowley

Market Recap for February 24, 2016 After very early strength in the U.S... Read More 

Trading Places with Tom Bowley

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Global Markets Fall On Oil, U.S. Futures Plunge

by Tom Bowley

Market Recap for February 24, 2016 Energy (XLE) and materials (XLB) tumbled on Tuesday as the U.S. dollar ($USD) continued its recent rally... Read More 

Trading Places with Tom Bowley

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Rally Stays Afloat But Major Resistance Approaches

by Tom Bowley

Special Note I'll be joining John Hopkins of EarningsBeats.com just after the market closes today for a lively discussion of analyzing both long and short candidates during a tumultuous trading period like the one we're experiencing now... Read More 

Trading Places with Tom Bowley

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Bifurcated Action On Friday, Watch For Possible Reversal Today

by Tom Bowley

Market Recap for February 19, 2016 The U.S. market was mixed on Friday with the more aggressive Russell 2000 and NASDAQ leading the action with gains of 0.53% and 0.38%, respectively, while the S&P 500 was flat and the Dow Jones was down fractionally at 0.13%... Read More 

Trading Places with Tom Bowley

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Winning Streak Ends, Futures Lower, Next Leg Lower?

by Tom Bowley

Market Recap for Thursday, February 18, 2016 The keys to the sustainability of the recent rally will be twofold: (1) will there be enough buying pressure to clear key resistance levels as they're approached and tested? and (2) will there be enough rotation to aggressive areas of ... Read More 

Trading Places with Tom Bowley

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Energy, Discretionary, Technology Stocks Lead Bull Rout

by Tom Bowley

Market Recap for Wednesday, February 17, 2016 Energy stocks (XLE) soared yesterday, rising 3.28% to easily lead all sectors. Eight of the nine sectors finished higher with only utilities (XLU) coming up short... Read More 

Trading Places with Tom Bowley

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Counter Trend Rally To Continue; Watch This Key Moving Average

by Tom Bowley

Market Recap for Tuesday, February 16, 2016 Tuesday produced what arguably was the best daily performance for U.S. equities in 2016. It wasn't the biggest percentage gain, but the behavior and leadership was outstanding and sets up the market for further short-term gains... Read More 

Trading Places with Tom Bowley

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Banks And Oil Rally, U.S. Market Surges Friday

by Tom Bowley

Market Recap for Friday, February 12, 2016 The Dow Jones U.S. Banks Index rallied nearly 6% on Friday, a stunning reversal with a positive divergence indicative that the rally may be closer to starting than finishing... Read More 

Trading Places with Tom Bowley

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Why This Rally Could Last A Bit Longer

by Tom Bowley

Market Recap for Thursday, February 11, 2016 It was another very rough outing for financials (XLF) in general and banks ($DJUSBK) in particular with losses of 3.06% and 4.28%, respectively... Read More 

Trading Places with Tom Bowley

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Oil, Global Markets And Fed Sink U.S. Futures

by Tom Bowley

Market Recap for Wednesday, February 10, 2016 There was a bit of strength on Wednesday as the NASDAQ managed to finish with a minor gain, while the remaining key indices gave up earlier gains to end the session in negative territory... Read More 

Trading Places with Tom Bowley

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U.S. Futures Rally, Looking For Short-Term Clues

by Tom Bowley

Market Recap for Tuesday, February 9, 2016 U.S. stocks were lower throughout much of the session on Tuesday before rallying in early afternoon action to move into positive territory with one hour left... Read More 

Trading Places with Tom Bowley

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Tokyo Nikkei Average Drops 5%; U.S. Futures Weak

by Tom Bowley

Market Recap for Monday, February 8, 2016 While the U.S. market continued its downward spiral, Tokyo's Nikkei Average ($NIKK) fell more than 5% overnight, losing critical price and trendline support... Read More 

Trading Places with Tom Bowley

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U.S. Futures Looking To Extend Friday's Losses

by Tom Bowley

Special Note: If you missed our joint webinar on Friday, Greg Schnell and I will be back at it and hosting another joint one hour webinar today. We had a huge crowd on Friday and the two of us providing our own distinct views generated much interest... Read More 

Trading Places with Tom Bowley

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Tumbling Dollar Benefits Basic Materials

by Tom Bowley

Special Note: I have joined Greg Schnell, "The Canadian Technician", in Phoenix, AZ for a few days and Greg will be hosting my Trading Places LIVE webinar both today and Monday... Read More 

Trading Places with Tom Bowley

Join Me And Greg Schnell, "The Canadian Technician" in 30 Minutes!

by Tom Bowley

There's been a last minute scheduling change and I'll be joining Greg Schnell for his weekly webinar "Commodities Countdown" at 5pm EST today... Read More 

Trading Places with Tom Bowley

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Big Rally In Energy Again Staves Off Bear Attack

by Tom Bowley

Market Recap for Wednesday, February 3, 2016 This morning's article will be brief as I'll be traveling today. Energy (XLE) and materials (XLB) rose 3.56% and 3.36%, respectively, to lead a rally from key price support on Wednesday. A more than 1.5% drop in the U.S... Read More 

Trading Places with Tom Bowley

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Why Tuesday's Selloff Is So Bearish

by Tom Bowley

Note: I am returning at noon EST today for my "Trading Places LIVE" webinar. I'll be discussing several timely topics including the January Effect and the key technical failures that took place on Tuesday across many of our major sectors and industry groups... Read More 

Trading Places with Tom Bowley

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Transports Strengthen But Energy Stalls S&P 500 Rally

by Tom Bowley

Market Recap for February 1, 2016 Yesterday I posted a chart showing that both energy (XLE) and crude oil ($WTIC) were approaching key resistance and likely to retreat. Right on cue, the XLE was the worst performing sector yesterday, falling 1... Read More 

Trading Places with Tom Bowley

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Why Friday's Rally Is Not Likely To Last

by Tom Bowley

Market Recap for Friday, January 29, 2016 On the surface, it was a super day. All nine sectors finished at least 1% higher with technology jumping more than 3% to lead the action. 21 of 23 industry groups within consumer discretionary (XLY) rose... Read More