Trading Places with Tom Bowley

Blog Article Title Image

Banks At Critical Resistance Short-Term; Railroads Strengthening

by Tom Bowley

Market Recap for Thursday, March 30, 2017 It was another strong day on Wall Street Thursday as six sectors advanced while only three declined - utilities (XLU, -0.78%), consumer staples (XLP, -0.20%) and energy (XLE, -0.02%)... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Retailers Lead Bifurcated Rally; What We Should Look For In April

by Tom Bowley

Market Recap for Wednesday, March 29, 2017 We haven't discussed leadership from retail (XRT) in quite some time, but we saw many retailers outperforming on Wednesday. The obvious question is whether this leadership will continue for an extended period... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Excellent Market Leadership Snaps Dow's 8 Day Losing Streak

by Tom Bowley

Market Recap for Tuesday, March 28, 2017 The bullish action couldn't have been much better on Tuesday. Money clearly rotated back to aggressive areas of the market as the Dow Jones advanced for the first time in the last nine trading sessions... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Dow Jones Falls For 8th Straight Day, Tests 50 Day

by Tom Bowley

Market Recap for Monday, March 27, 2017 It was yet another bifurcated day in the market with the Dow Jones losing ground for the eighth straight session and the S&P 500 joining the Dow in negative territory... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Dollar Threatening A Major Breakdown, Gold A Beneficiary

by Tom Bowley

Market Recap for Friday, March 24, 2017 Friday was another day of bifurcated action with both the NASDAQ and Russell 2000 higher while the Dow Jones and S&P 500 lagged and finished lower. Sector performance wasn't any better with four sectors higher and five lower... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Biotechnology's Recent Failure Is Disappointing But All Hope Is Not Lost

by Tom Bowley

Market Recap for Thursday, March 23, 2017 The Russell 2000 gained on Thursday while the other major indices declined slightly due to a selloff in the final three hours. Six of nine sectors finished in negative territory, led by energy (XLE, -0.41%)... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Transports Mixed Technically As Market Rally Stalls

by Tom Bowley

Market Recap for Wednesday, March 22, 2017 A strong technology sector (XLK, +0.63%) helped to lift the NASDAQ to moderate gains while the other major U.S. indices waffled near the flat line on Wednesday, a day after equities experienced their sharpest selling of 2017... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

U.S. Stocks Tumble Most Since September

by Tom Bowley

Market Recap for Tuesday, March 21, 2017 After months of steady gains, Tuesday's action was painful with eight of nine sectors lower - the utilities sector (XLU, +1.39%) was the lone exception... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

NASDAQ's Negative Divergence Holding The Market At Bay

by Tom Bowley

Market Recap for Monday, March 20, 2017 Financials (XLF, -0.73%) led the market lower on Monday as short-term price and gap support was lost on one of the best performing sectors since the early November run... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Tires Gaining Traction, Ready To Put Your Portfolio In Overdrive

by Tom Bowley

Market Recap for Friday, March 17, 2017 It was another bifurcated day in the market on Friday as rotation continued. The Dow Jones and S&P 500 both posted minor losses while the Russell 2000 led with a 0.40% gain. Utilities (XLU, +0.60%) and industrials (XLI, +0... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Homebuilders Hot; DR Horton Forms Cup, Lennar Tests High

by Tom Bowley

Market Recap for Thursday, March 16, 2017 Home construction ($DJUSHB) continued its torrid pace of recent gains, rising another 2% on Thursday. Since January 23rd, the DJUSHB has jumped roughly 20%... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Fed Hikes Rates, But No New Hike Expectations Revealed

by Tom Bowley

Market Recap for Wednesday, March 15, 2017 The Federal Reserve's latest policy meeting has come and gone. As expected, the FOMC announcement at 2pm EST indicated that rates would be hiked another quarter point... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Technology Showing Signs Of Slowing Momentum

by Tom Bowley

Special Webinar Announcement Please join me at noon EST for my Bowley Briefing webinar. It'll be a special one hour format and I'll be joined by Erin Heim. Many of you may know Erin from all of her Decision Point work here at StockCharts.com... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Footwear Is Strengthening; Here's My Choice In The Space

by Tom Bowley

Market Recap for Monday, March 13, 2017 There really was very little movement in our major indices or in our sectors on Monday - which for Monday isn't really a bad day... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Failure Of Treasury Yields Slow Financial Stocks

by Tom Bowley

Market Recap for Friday, March 10, 2017 U.S. equities posted mostly strong results on Friday with a bit of relative strength from the more aggressive NASDAQ and Russell 2000... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Weakening Aluminum, Steel And Gold Pressure Materials Stocks

by Tom Bowley

Market Recap for Thursday, March 9, 2017 The March 6th to 9th period once again produced not-so-good S&P 500 results. The S&P 500 did break its recent string of losses, gaining two points on Thursday... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Record Crude Inventories Sink Oil, S&P 500

by Tom Bowley

Market Recap for Wednesday, March 8, 2017 The S&P 500 fell for a third consecutive day and it could have been five days in a row if not for a very small gain last Friday. The culprit yesterday was quite clearly the oil patch. The U.S. crude oil inventory surged higher by 8... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Treasury Yield Shows Building Expectations For Next Rate Hike

by Tom Bowley

Market Recap for Tuesday, March 7, 2017 Next Tuesday, another FOMC meeting begins with their policy decision announced next Wednesday. Expectations are that we'll see another quarter point rate hike... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Webinar Reminder 4:30pm EST Today

by Tom Bowley

I just wanted to send out a quick reminder about a webinar that I'll be conducting with EarningsBeats.com President and CEO John Hopkins. It starts in roughly an hour with the webinar doors opening as the stock market closes... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Evaluating The Technical Health Of Energy And Healthcare

by Tom Bowley

Market Recap for Monday, March 6, 2017 U.S. equities experienced a little profit taking on Monday, nothing technically damaging, but all our major indices did finish lower. The only sector to escape damage was energy (XLE, +0.22%), while all the others declined... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Sticking With Global Theme, China Stocks Look Bullish

by Tom Bowley

Market Recap for Friday, March 3, 2017 We saw bifurcated action on Friday with the Dow Jones, S&P 500 and NASDAQ all posting minor gains while the Russell 2000 fell slightly... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Special Home Construction Review - Stocks To Consider

by Tom Bowley

I'm providing this special Saturday edition of Trading Places as a result of a very significant breakout in the home construction index ($DJUSHB). One way to participate in this breakout is to buy an ETF that tracks home construction stocks. One example is the ITB... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Heavy Construction Ready To Do Some Heavy Lifting

by Tom Bowley

Market Recap for Thursday, March 2, 2017 Thursday was a day of profit taking as all of our major indices retreated with the small cap Russell 2000 taking the biggest hit, falling 1.27%... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Dow Jones Soars 300 Points, Breaks 21000; FTSE Very Bullish

by Tom Bowley

Market Recap for Wednesday, March 1, 2017 U.S. equities surged on Wednesday, with the Dow Jones and S&P 500 gaining 1.46% and 1.37%, respectively. The small cap Russell 2000 rebounded big time after its Tuesday drubbing, spiking 27 points, or 1... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Overbought Aggressive Sectors Lead Decline In U.S. Equities

by Tom Bowley

Market Recap for Tuesday, February 28, 2017 It was a day of profit taking on Tuesday. All of our major indices declined, although the selling was certainly contained. The S&P 500, for instance, dropped just 0.26% and remains near its all-time high... Read More