Trading Places with Tom Bowley

Facebook, Internet Leads Market Rally

by Tom Bowley

Market Recap for Thursday, January 29, 2016 Facebook (FB) posted very strong quarterly earnings results after the closing bell on Wednesday and that propelled a huge rally in internet stocks ($DJUSNS)... Read More 

Trading Places with Tom Bowley

Fed, Poor Earnings Jolt U.S. Equities

by Tom Bowley

Market Recap for Wednesday, January 27, 2016 The volatility index ($VIX) was slowly working its way back to key support near 20 just before Wednesday's latest FOMC announcement, but that provided the fear mongers exactly what they were looking for as the VIX surged in the afterno... Read More 

Trading Places with Tom Bowley

Futures Weak Ahead Of FOMC Announcement

by Tom Bowley

I'll be very brief this morning as I'm traveling. I should be back tomorrow morning with my regular blog article. Futures are looking a bit lower this morning as traders prepare for the FOMC announcement later this afternoon... Read More 

Trading Places with Tom Bowley

Bank Relative Weakness Leads To More Downside

by Tom Bowley

Market Recap for Monday, January 26, 2016 The afternoon action on Monday is so typical of a stock market environment where the Volatility Index ($VIX) is in the 20s or 30s... Read More 

Trading Places with Tom Bowley

2007 All Over Again? Beginning To Look Like It

by Tom Bowley

Market Recap for Friday, January 22, 2016 We are seeing an energy-driven rally for sure. On Friday alone, the XLE (ETF that tracks the energy sector) surged 4.42% and that came on the heels of a 3.11% advance on Thursday... Read More 

Trading Places with Tom Bowley

Futures Bright Green, How Long Will Rally Last?

by Tom Bowley

Market Recap for Thursday, January 22, 2016 We saw some hesitation from small cap stocks ($RUT) to continue their relative surge from Wednesday, but other key aggressive areas of the market took over to provide hope of a continuing rally... Read More 

Trading Places with Tom Bowley

Russell 2000 Reverses, ECB President Draghi Lifts Futures

by Tom Bowley

Market Recap for Wednesday, January 20, 2016 The U.S. stock market finally had a day where traders decided enough was enough and they scurried into aggressive parts of the market... Read More 

Trading Places with Tom Bowley

Rotation Turns Very Bullish This Afternoon

by Tom Bowley

But will it last? I'll be back in the morning with my normal blog article, but wanted to point out that major reversals are taking place this afternoon in terms of rotation. The 10 year treasury yield ($TNX) has reversed in a key support zone from 1.90%-2.00%... Read More 

Trading Places with Tom Bowley

Russell 2000 Sending Ominous Signal; Futures Again Under Pressure

by Tom Bowley

Market Recap for Tuesday, January 19, 2016 Coming off the long holiday weekend, U.S. futures were poised to try to reverse the ugly behavior of equities thus far in 2016. And they did - for roughly 60 seconds... Read More 

Trading Places with Tom Bowley

S&P 500 Holds August Lows, Futures Soaring

by Tom Bowley

Market Recap for Friday, January 15, 2016 After last Friday's rout to sustain the recent hemorrhaging of the U.S. stock market, one positive developed. The August low close of 1867.61 held. Friday's intraday low was 1857... Read More 

Trading Places with Tom Bowley

Oil, China Drop; U.S. Futures Tanking AGAIN

by Tom Bowley

Note: Two quick reminders. First, if you haven't already, please subscribe to my blog. By doing so, my blog articles will be sent directly to your email upon publishing. You'll receive my article the moment it's published. It's easy and it's free... Read More 

Trading Places with Tom Bowley

How To Approach A Technically Broken Market?

by Tom Bowley

Market Recap for Wednesday, January 13, 2016 What a mess. Money has been rotating toward defense for months and now we know why. Because market participants want nothing to do with risk right now. Last year, the sectors attracting sellers were energy (XLV) and materials (XLB)... Read More 

Trading Places with Tom Bowley

Stocks Rally Finally But....Huge Resistance Now Looms

by Tom Bowley

Market Recap for Tuesday, January 13, 2016 There were a few positives regarding the rally on Tuesday. First, all of our major indices finished in the green for the first time in 2016... Read More 

Trading Places with Tom Bowley

High VXN And Support Approaching

by Tom Bowley

Market Recap for January 11, 2016 Monday was a bifurcated market in which we saw both the Dow Jones and S&P 500 rise for the session while the underperforming NASDAQ extended its losing streak to start the year... Read More 

Trading Places with Tom Bowley

Market Is All About Defense

by Tom Bowley

Market Recap for January 8, 2016 Honestly, most traders are probably just happy last week finally came to an end... Read More 

Trading Places with Tom Bowley

The Bulls Need These Leading Industries To Hold Support

by Tom Bowley

Market Recap for January 7, 2016 Once again the best performing sectors were the three defensive groups - utilities (XLU), consumer staples (XLP) and healthcare (XLV). All of our aggressive sectors tumbled anywhere from 2%-3% with technology leading the way... Read More 

Trading Places with Tom Bowley

Futures Tumble; Dow Jones Down 400 Points

by Tom Bowley

Market Recap for January 6, 2016 If the stock market could avoid the opening bell catastrophes, the action in 2016 wouldn't be bad at all. Thus far this year, the NASDAQ has had net gap downs of 173 points on a cumulative basis... Read More 

Trading Places with Tom Bowley

Plummeting Futures Confirm Poor Tuesday Leadership

by Tom Bowley

Market Recap for Tuesday, January 5, 2016 Let's start with the good news. After a big selloff on Monday morning, the U.S. stock market rallied into the close to print reversing candles across most of our major indices, sectors and industry groups... Read More 

Trading Places with Tom Bowley

S&P 500 Tests Key Support For Third Time

by Tom Bowley

Market Recap for Monday, January 4, 2016 China's Shanghai Composite ($SSEC) sent global markets lower on Monday after the SSEC shred nearly 7% of its value. Asian markets tumbled and those losses triggered sizable gaps lower in Europe and here in the U.S. A late rally in U.S... Read More 

Trading Places with Tom Bowley

Futures Point To Ugly Start To 2016

by Tom Bowley

Market Recap for Thursday, December 31, 2015 Happy New Year! The action on Thursday to close out the year symbolized trading throughout all of 2015... Read More