Trading Places with Tom Bowley

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Apple Nears Breakout, Leads NASDAQ; Small Caps Lag

by Tom Bowley

Market Recap for Thursday, September 27, 2018 Utilities (XLU, +1.03%) rebounded solidly on Thursday after trending lower most of September. The group appeared to benefit from the failure of the 10 year treasury yield ($TNX) to break out. 3... Read More 

Trading Places with Tom Bowley

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The Fed Takes A Stand....And It's Not Accommodative

by Tom Bowley

Market Recap for Wednesday, September 26, 2018 The FOMC raised its fed funds rate a quarter point at 2pm EST yesterday as expected, but as usual, it's not what the Fed does, it's what it says... Read More 

Trading Places with Tom Bowley

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Energy Leads; Exploration & Production Stocks Test Major Resistance

by Tom Bowley

Market Recap for Tuesday, September 25, 2018 Almost. That's the word that came to mind while watching energy stocks into the close on Tuesday... Read More 

Trading Places with Tom Bowley

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Steel Quietly Resting, But Looking Solid For Q4 Run

by Tom Bowley

Market Recap for Monday, September 24, 2018 Energy (XLE, +1.46%) had a very strong day on Monday, helping to offset what was otherwise a rather poor day for U.S. equities. Technology (XLK, +0.50%) was aided by its four key components - computer hardware ($DJUSCR, +1... Read More 

Trading Places with Tom Bowley

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This NASDAQ Support Zone Is Important And Needs To Hold

by Tom Bowley

Market Recap for Friday, September 21, 2018 Bifurcation was once again apparent on Wall Street to close out last week. The Dow Jones was able to finish higher and extend its trek into record high territory, while the S&P 500 was essentially flat... Read More 

Trading Places with Tom Bowley

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Can You Correctly Answer This Historical Tendencies Trivia Question? I Doubt It

by Tom Bowley

Market Recap for Thursday, September 20, 2018 Dow Jones, welcome to the party! It's been eight months since the Dow Jones could say it closed in record all-time high territory, but that's what happened at yesterday's close... Read More 

Trading Places with Tom Bowley

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Traders Are High On Cannabis Stocks, But Life Insurance Is the Safer Bet

by Tom Bowley

Market Recap for Wednesday, September 19, 2018 The biggest news stories technically-speaking yesterday were the breakout in financials (XLF, +1.70%) and the rising 10 year treasury yield ($TNX), which closed at 3.08% and is just 3 basis points from testing a 7 year high... Read More 

Trading Places with Tom Bowley

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Rising Treasury Yields Portend Much Higher S&P 500, But Short-Term....

by Tom Bowley

Market Recap for Tuesday, September 18, 2018 It was a solid day on Wall Street. One day after seeing weakness in key areas like technology, consumer discretionary and tranportation stocks and the increasing historical likelihood of further downside action, stocks rebounded...... Read More 

Trading Places with Tom Bowley

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Technology Is Teetering; How Much More Selling Is Healthy?

by Tom Bowley

Market Recap for Monday, September 17, 2018 Selling in technology (XLK, -1.25%) and consumer discretionary (XLY, -1.24%) resulted in losses across our major indices on Monday. The NASDAQ, understandably, felt the brunt of the selling as this tech-laden index dropped 1.43%... Read More 

Trading Places with Tom Bowley

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Now We Head Into The Most Bearish Half Of September

by Tom Bowley

Market Recap for Friday, September 14, 2018 The NASDAQ struggled on Friday, while the Dow Jones and S&P 500 managed to finish with slight, fractional gains. The Russell 2000 was the clear outperformer, a bullish development as the U.S... Read More 

Trading Places with Tom Bowley

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Biotechs, Computer Hardware, And Semiconductors Among Leaders On Thursday

by Tom Bowley

Market Recap for Thursday, September 13, 2018 Thursday was a strong day for U.S. equities aside from lackluster performance from small caps (Russell 2000). The NASDAQ led the rally, gaining 0... Read More 

Trading Places with Tom Bowley

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Would The Real Semiconductor Group Please Stand Up?

by Tom Bowley

Market Recap for Wednesday, September 12, 2018 It was a day of bifurcation as it's difficult to sustain a rally when your two worst sectors are financials (XLF, -0.92%) and technology (XLK, -0.42%)... Read More 

Trading Places with Tom Bowley

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AAPL And AMZN Rebound, But Will Facebook Deliver Another Internet Blow?

by Tom Bowley

Market Recap for Tuesday, September 11, 2018 All of our major indices finished the day higher, although there was little back and forth action. The Dow Jones traded in a 50 point range most of the afternoon. Still, higher is higher... Read More 

Trading Places with Tom Bowley

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Industrials Hit 6 Month High To Lead; Get A Copy Of My Strong Earnings ChartList

by Tom Bowley

Special Offer If you would like a copy of my Strong Earnings ChartList, simply follow these steps and I'll send it to you: 1. You MUST be a paid Extra or Pro member of StockCharts.com as that's the only way you can download my ChartList... Read More 

Trading Places with Tom Bowley

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Healthcare Stocks Appear Stretched; Top Monday Trade Setup Candidates

by Tom Bowley

Market Recap for Friday, September 7, 2018 U.S. stock indices and most sectors were flat to slightly lower to close out last week. The small cap Russell 2000 was down just 0.08%, while the Dow Jones was the biggest loser, dropping 0.30%. Among sectors, utilities (XLU, -1... Read More 

Trading Places with Tom Bowley

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I Am WILDLY Bullish Long-Term And Here's Why

by Tom Bowley

Reminder If you'd like to subscribe to my blog, simply scroll down to the bottom of this article, type in your email address and click the green "Subscribe" button. It's completely FREE, spam-free and the best way to let me know you enjoy my daily blog articles... Read More 

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Technology-Driven Selloff Isn't A Concern....Yet

by Tom Bowley

Market Recap for Wednesday, September 5, 2018 There were a couple things that stood out to me regarding Wednesday's action. First, the recovery off the intraday low wasn't insignificant. However, the stocks driving most of the recovery were in defensive areas. Utilities (XLU, +1... Read More 

Trading Places with Tom Bowley

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Selling In Medical Supplies Opens The Door For Entry Into This Stock

by Tom Bowley

Market Recap for Tuesday, September 4, 2018 Our major indices rallied to end the day well off their intraday lows. All did finish in negative territory, however, as healthcare (XLV, -0.80%) and materials (XLB, -0.69%) were the weakest sectors... Read More 

Trading Places with Tom Bowley

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5 Monday Trade Setups As We Welcome In September

by Tom Bowley

Market Recap for Friday, August 31, 2018 Friday's action was underscored by bifurcation. The NASDAQ and small cap Russell 2000 turned in solid gains of +0.26% and +0.48%, respectively, while the Dow Jones ended the day in negative territory. The S&P 500 was essentially flat... Read More