Trading Places with Tom Bowley December 30, 2016 at 09:00 AM
Market Recap for Thursday, December 29, 2016 The 10 year treasury yield ($TNX) closed at 2.48% and hit an intraday low of 2.46% to test its rising 20 day EMA for the first time since early November. Not too surprisingly, the Dow Jones U.S... Read More
Trading Places with Tom Bowley December 29, 2016 at 09:00 AM
Market Recap for Wednesday, December 28, 2016 It's been awhile since this happened, but on Wednesday all nine sectors declined, led by energy (XLE, -1.08%), industrials (XLI, -1.05%) and financials (XLF, -1.02%). The carnage was evenly spread as consumer staples (XLP, -0... Read More
Trading Places with Tom Bowley December 28, 2016 at 09:00 AM
Market Recap for Tuesday, December 27, 2016 Eight of the nine sectors rose on Tuesday with only consumer staples (XLP, -0.02%) losing ground. The NASDAQ and Russell 2000 once again were the leading indices, powered by home construction ($DJUSHB) and renewable energy ($DWCREE)... Read More
Trading Places with Tom Bowley December 27, 2016 at 09:00 AM
Market Recap for Friday, December 23, 2016 The Russell 2000 gained 0.65% on Friday to lead the major U.S. indices. The NASDAQ followed with a 0.28% gain while the S&P 500 and Dow Jones pushed higher, but only by 0.13% and 0.07%, respectively... Read More
Trading Places with Tom Bowley December 26, 2016 at 09:00 AM
First, U.S. markets are closed today in observance of the Christmas holiday... Read More
Trading Places with Tom Bowley December 23, 2016 at 09:00 AM
Market Recap for Thursday, December 22, 2016 Yesterday's action here in the U.S. had a short-term bearish tone to it, but there were certainly no price breakdowns and no reason to believe it was anything other than a bout of profit taking during a continuing bull market advance... Read More
Trading Places with Tom Bowley December 22, 2016 at 09:00 AM
Market Recap for Wednesday, December 21, 2016 Energy (XLE, +0.16%) was one of just two sectors that headed higher on Wednesday with materials (XLB, +0.4%) being the only other... Read More
Trading Places with Tom Bowley December 21, 2016 at 09:00 AM
Market Recap for Tuesday, December 20, 2016 Treasuries were sold off on Tuesday with the corresponding 10 year treasury yield ($TNX) moving back up to 2.57%. The recent high was 2.60% so the TNX is not far from another new high... Read More
Trading Places with Tom Bowley December 20, 2016 at 09:00 AM
Market Recap for December 19, 2016 Over the past three months, technology (XLK) has been the 6th best performing industry group, beating out only the three defensive groups - consumer staples (XLP), utilities (XLU) and healthcare (XLV)... Read More
Trading Places with Tom Bowley December 19, 2016 at 09:00 AM
Market Recap for Friday, December 16, 2016 Utilities (XLU, +1.22%) soared on Friday and came very close to a breakout above reverse head & shoulders neckline resistance. This is also very near overhead trendline resistance as well... Read More
Trading Places with Tom Bowley December 16, 2016 at 09:00 AM
Market Recap for Thursday, December 15, 2016 With treasury yields on the rise again, it wasn't surprising to see financials (XLF, +0.85%) on top of the sector leaderboard... Read More
Trading Places with Tom Bowley December 15, 2016 at 09:00 AM
Market Recap for Wednesday, December 14, 2016 As expected, volatility kicked in around 2pm EST yesterday as the Fed delivered what traders most likely anticipated, but still didn't want to hear. Rates are going higher... Read More
Trading Places with Tom Bowley December 14, 2016 at 09:00 AM
Market Recap for Tuesday, December 13, 2016 Well it's Fed day and both equity and bond markets are prepared for a quarter point rate hike. The big question, however, is whether the market is ready to hear what the Fed has to say about future policy guidance... Read More
Trading Places with Tom Bowley December 13, 2016 at 09:00 AM
Market Recap for Monday, December 12, 2016 The Dow Jones advanced for the 21st time in the last 25 trading days on Monday, capturing yet another record high close on Monday... Read More
Trading Places with Tom Bowley December 12, 2016 at 09:00 AM
Market Recap for Friday, December 9, 2016 Gains permeated our major indices on Friday, but it was difficult to overlook the flight to safety... Read More
Trading Places with Tom Bowley December 09, 2016 at 09:00 AM
Market Recap for Thursday, December 8, 2016 The Dow Jones Transportation Average ($TRAN) finished higher once again on Thursday and has now risen more than 4% this week. In addition, the TRAN has climbed 16.7% since the close on November 4th... Read More
Trading Places with Tom Bowley December 08, 2016 at 09:00 AM
Market Recap for Wednesday, December 7, 2016 Money poured into risk yesterday as global markets rallied in anticipation of strengthening economies worldwide. Here in the U.S., nearly every single industry group pushed higher, many of them 1%-2% higher or more... Read More
Trading Places with Tom Bowley December 07, 2016 at 09:00 AM
Market Recap for Tuesday, December 6, 2016 I've been waiting to see if the German DAX would join the S&P 500 in breakout territory and, thus far, I'm getting my answer today with the DAX currently up 155 points, or 1... Read More
Trading Places with Tom Bowley December 06, 2016 at 09:00 AM
Market Recap for Monday, December 5, 2016 Financials (XLF, +1.19%) were back on top of the sector leaderboard on Monday after taking a "lengthy" one day pause... Read More
Trading Places with Tom Bowley December 05, 2016 at 09:00 AM
Market Recap for Friday, December 2, 2016 Friday saw continuing bifurcation, but with this time the NASDAQ and Russell 2000 leading while the Dow Jones and S&P 500 lagged. Rotation wasn't all positive, however, as utilities (XLU, +0.91%) and consumer staples (XLP, +0... Read More
Trading Places with Tom Bowley December 02, 2016 at 09:00 AM
Market Recap for Thursday, December 1, 2016 It was another very strange day on Wall Street. The Dow Jones finished the session Thursday with a gain of 68 points, closing at 19192 and another all-time high... Read More
Trading Places with Tom Bowley December 01, 2016 at 09:00 AM
Market Recap for Wednesday, November 30, 2016 Crude oil ($WTIC) rose more than 9% on Wednesday and energy shares (XLE, +5.08%) were the beneficiary. Rising treasury yields also helped to lift the financial sector (XLF, +1.35%) with banks ($DJUSBK) storming to another high... Read More
