Trading Places with Tom Bowley

Blog Article Title Image

Give Me Financials.....Or Give Me Breadth

by Tom Bowley

Market Recap for Thursday, June 29, 2017 That's exactly what it's felt like recently... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Rising Treasury Yields Lift Banks, Financials

by Tom Bowley

Market Recap for Wednesday, June 28, 2017 All of our major indices finished higher on Wednesday with the small cap Russell 2000 and tech-laden NASDAQ indices leading the charge with 1.55% and 1.43% gains, respectively... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

S&P 500 Loses 20 Day EMA Support As Second Shoe Drops In Technology

by Tom Bowley

Market Recap for Tuesday, June 27, 2017 The relative sector leader for over a year - technology (XLK, -1.64%) - took another beating on Tuesday as selling ramped up for a second consecutive session... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Extremely Low VIX Still Paints Bullish Picture

by Tom Bowley

Market Recap for Monday, June 26, 2017 The Volatility Index ($VIX) is a signal of what the market expects in terms of volatility over the near-term (1 to 2 months)... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Crude Oil Bounces Off $42 Support, Energy Rebounds

by Tom Bowley

Market Recap for Friday, June 23, 2017 It's been a rough ride for crude oil ($WTIC) over the past several months and the steady march lower has taken oil back to test its November low just above $42 per barrel... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Biotechs Explode, Send Healthcare To Leadership Role; Energy Runs Out Of Fuel

by Tom Bowley

Market Recap for Wednesday, June 21, 2017 Biotechs ($DJUSBT) are the "semiconductors of healthcare". When they move, they move! Healthcare (XLV, +1.27%) was easily the best performing sector on Wednesday as the DJUSBT soared 3.43%... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Biotechs Breakout, Lead Healthcare Stocks Higher

by Tom Bowley

Market Recap for Tuesday, June 20, 2017 Healthcare (XLV, +0.33%) was one of just two sectors - utilities (XLU, +0.06%) was the other - to rise on Tuesday as much of Monday's gains was relinquished... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Technology Stocks Rebound Sharply, Lift S&P 500 To Next Record

by Tom Bowley

Market Recap for Monday, June 19, 2017 Technology (XLK, +1.48%), healthcare (XLV, +1.04%) and financials (XLF, +1.03%) led a broad-based rally on Monday that included seven of the nine sectors. Only energy (XLE, -0.63%) and the defensive utilities (XLU, -0... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Amazon Buys Whole Market.....Literally

by Tom Bowley

Special Announcement At 4:30pm EST this afternoon, just after the U.S. stock market closes, I'll be joining John Hopkins, President of EarningsBeats.com, for a special 90 minute presentation... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Industrials Lead, Challenge December Relative Highs

by Tom Bowley

Market Recap for Thursday, June 15, 2017 There's been marked improvement in the relative strength of industrials (XLI, +0.60%) in recent weeks and that was on full display Thursday... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Defensive Sectors Lead As Fed Hikes And Maintains Forecast

by Tom Bowley

Market Recap for Wednesday, June 14, 2017 The FOMC concluded its two day meeting on Wednesday afternoon and, for the most part, followed its prior script... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Home Construction Breaks Out Ahead Of FOMC Announcement

by Tom Bowley

Market Recap for Tuesday, June 13, 2017 Technology (XLK, +0.72%) rebounded after two days of brutal selling. It occurred after a hammer printed off a 50 day SMA test on Monday... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

NASDAQ And Technology Slump Continues; Apple Downgraded

by Tom Bowley

Market Recap for Monday, June 12, 2017 U.S. indices fell in unison on Monday and the tech-laden NASDAQ led the action, but after Friday's bloodbath, it certainly could have been worse... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

High SCTR Stocks Hammered; NASDAQ 100 Plunges

by Tom Bowley

Market Recap for Friday, June 9, 2017 They say a picture can say a thousand words so before I further discuss the carnage from Friday, take a look at this performance chart of NASDAQ 100 components: Several of the best performing stocks (based on SCTR scores) were absolutely hamm... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Russell 2000 Soars, On Cusp Of Breakout

by Tom Bowley

Market Recap for Thursday, June 8, 2017 Small caps were the clear and undeniable leader on Thursday as the Russell 2000 gained 1.36% while the NASDAQ was the second best performing index at +0.39%... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Retail REITs And Banks Lift Financials But Energy Weighs With Plunging Crude

by Tom Bowley

Market Recap for Wednesday, June 7, 2017 Crude oil ($WTIC) took a dive on Wednesday as inventories rose unexpectedly, causing a bit of panic among traders. Inventory supplies had fallen for eight straight weeks and traders were anticipating another drop of 3.5 million barrels... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Energy Leads And Hadn't Done This Since November

by Tom Bowley

Market Recap for Tuesday, June 6, 2017 Energy (XLE, +1.18) was easily the best performing sector on Tuesday as materials (XLB, +0.06%) was the only other sector to finish in positive territory - barely... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Equities Down But Losses Mitigated By Two Unlikely Sectors

by Tom Bowley

Market Recap for Monday, June 5, 2017 It wasn't a horrible day on Wall Street. After all, we've been in a strong advance since mid-May with the S&P 500 rising nearly 4% during that span. So a little bit of profit taking shouldn't be of too much concern... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Software And Semiconductors Lead Another Technology-Driven Rally

by Tom Bowley

Market Recap for Friday, June 2, 2017 Technology (XLK, +0.92%) led U.S. equities higher on Friday and that's been the case for several months now. The XLK has been the best performing sector with a current SCTR (StockCharts Technical Rank) reading of 92 further validating that... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Financials Rally To Lead U.S. Indices To New Records

by Tom Bowley

Market Recap for Thursday, June 1, 2017 U.S. equities had a very strong day on Thursday, with the small cap Russell 2000 leading the charge with a solid 1.89% gain. The move was also widely participated in, with all nine sectors finishing higher. Financials (XLF, +1... Read More 

Trading Places with Tom Bowley

Blog Article Title Image

Autos Rise, Break Downtrend Line; Tesla Benefits

by Tom Bowley

Market Recap for Wednesday, May 31, 2017 Utilities (XLU, +0.50%) and healthcare (XLV, +0.40%) led a defensive-oriented market on Wednesday with the latter nearing a significant bullish ascending triangle breakout. Materials (XLB, +0.30%) and consumer staples (XLP, +0... Read More