Trading Places with Tom Bowley

Late Friday Rally Keeps Bulls In Charge

by Tom Bowley

Market Recap for Friday, May 27, 2016 On a 10 minute chart, the S&P 500 bounced off its 50 period SMA and surged into the close, finishing near the 2100 level once again... Read More 

Trading Places with Tom Bowley

Internet Stocks Approaching Major Resistance

by Tom Bowley

Market Recap for Thursday, May 26, 2016 Utilities (XLU, +1.13%) and consumer staples (XLP, +0.40%) are two defensive groups and they led the market action on Thursday. I'd be more concerned if these two groups led a significant breakout... Read More 

Trading Places with Tom Bowley

Energy, Banks Lead Continuing Rally

by Tom Bowley

Market Recap for Wednesday, May 25, 2016 Energy (XLE, +1.58%), materials (XLB, +1.23%) and financials (XLF, +1.06%) were the three sectors that gained more than 1% on Wednesday as the U.S. stock market rally extended to almost a week... Read More 

Trading Places with Tom Bowley

Semiconductors Close At 2016 High; Technology Leads Big Rally

by Tom Bowley

Market Recap for Tuesday, May 24, 2016 Tuesday was one of the best days of 2016. Technically, the jump in our major indices was large with the Russell 2000 and NASDAQ leading the charge with gains of 2.15% and 2.00%, respectively... Read More 

Trading Places with Tom Bowley

U.S. Stocks End Flat On Monday, Eye Housing Data

by Tom Bowley

Market Recap for Monday, May 23, 2016 Despite seven of nine sectors finishing lower, the major U.S. indices managed to close near the flat line due to strength in basic materials (XLB, +1.17%). Consumer staples (XLP, +0... Read More 

Trading Places with Tom Bowley

Technology Leads Market As Applied Materials Buoys Semiconductors

by Tom Bowley

Market Recap for Friday, May 20, 2016 Applied Materials (AMAT) posted excellent quarterly earnings results on Thursday after the closing bell and that lifted semiconductors ($DJUSSC, +3.0%) on Friday. Technology (XLK, +1... Read More 

Trading Places with Tom Bowley

Defensive Stocks Fuel Bounce Off Key Price Support

by Tom Bowley

Market Recap for Thursday, May 19, 2016 Utilities (XLU, +1.01%) and consumer staples (XLP, +0.98%), two defensive sectors, easily outdistanced all of the other sectors with respect to Thursday performance... Read More 

Trading Places with Tom Bowley

Fed Minutes Suggest Possible Rate Hike, Banks Bounce Off Support

by Tom Bowley

Market Recap for Wednesday, May 18, 2016 It was an interesting day on Wall Street on Wednesday. Once the FOMC minutes were released at 2pm EST, traders panicked as the Fed signaled the possibility of a June interest rate hike... Read More 

Trading Places with Tom Bowley

Defensive Utilities And Consumer Staples Spearhead Tuesday's Selling

by Tom Bowley

Market Recap for Tuesday, May 17, 2016 The wishy-washy, back and forth, yo-yo action continued on Tuesday as Monday's gains were completely erased by Tuesday's close... Read More 

Trading Places with Tom Bowley

Critical Short-Term Support Holds As All Sectors Advance

by Tom Bowley

Market Recap for Monday, May 16, 2016 Monday saw a very solid advance across the board, but clearly was led once again by materials (XLB, +1.72%) and energy (XLE, +1.69%)... Read More 

Trading Places with Tom Bowley

Major U.S. Indices All Lose 50 Day Moving Averages

by Tom Bowley

Market Recap for Friday, May 13, 2016 I suppose it's only fitting that all of our major indices close beneath their 50 day SMAs simultaneously for the first time on Friday the 13th... Read More 

Trading Places with Tom Bowley

In One Word, This Market Is.....

by Tom Bowley

Market Recap for Thursday, May 12, 2016 Defensive. That's the best way to describe it. With consumer stocks, traders are choosing staples. If it's a question of transportation vs. utilities, it's really not a question. Utilities rule. Small caps or the S&P 500? Again, don't ask... Read More 

Trading Places with Tom Bowley

Retail Stocks Get Pounded After Macy's Disappoints

by Tom Bowley

Market Recap for Wednesday, May 11, 2016 It was a bad day for consumer discretionary (XLY, -2.01%) and, in particular, retail stocks (XRT, -4.44%). Macy's (M) delivered an opening blow when their latest quarterly earnings report disappointed Wall Street... Read More 

Trading Places with Tom Bowley

Tuesday Rally Supported By Wide Participation - Bullish

by Tom Bowley

Market Recap for Tuesday, May 10, 2016 Energy (XLE, +1.76%), industrials (XLI, +1.72%) and basic materials (XLB, +1.67%) led a wide participation rally on Tuesday that finished with all of our major indices up at least 1% (the Russell 2000 was the lone exception at +0... Read More 

Trading Places with Tom Bowley

Industry Groups That Look Primed For Strength

by Tom Bowley

Market Recap for May 9, 2016 Biotechnology stocks ($DJUSBT) gained more than 2% on Monday, leading the healthcare sector (XLV, +1.14%) to the top of the sector leaderboard, doubling the one day return of the next best sector, utilities (XLU, +0.57%)... Read More 

Trading Places with Tom Bowley

Key Reversals Take Place On Friday

by Tom Bowley

Market Recap for Friday, May 6, 2016 We saw several successful tests of key price, gap and moving average support on Friday. The price action into the close was bullish with our major indices finishing on or near their highs of the session... Read More 

Trading Places with Tom Bowley

REITs Break Out, Biotechs Break Down

by Tom Bowley

Market Recap for Thursday, May 5, 2016 The energy sector (XLE) was back on top on Thursday, once again leading the market. The XLE gained .82% as four sectors advanced while five declined. Consumer discretionary (XLY) was the weakest link, dropping .64%... Read More 

Trading Places with Tom Bowley

When Does Rising Volatility Become A Major Concern?

by Tom Bowley

Market Recap for Wednesday, May 4, 2016 Wednesday's theme was defense. In many sports circles, defense wins championships. That's not the case with the stock market. Strong "defense" here means skepticism, fear and generally a downtrending stock market... Read More 

Trading Places with Tom Bowley

Gold Strengthening As Dollar Faces Major Test Of Support

by Tom Bowley

Market Recap for Tuesday, May 3, 2016 Energy (XLE) was hit hard on Tuesday as all nine sectors retreated. But the XLE's drop of 2.36% was notable as it nears a key short-term price support level and its rising 20 day EMA, both generally strong areas during an uptrend... Read More 

Trading Places with Tom Bowley

Consumer Stocks Lead U.S. Equities Higher

by Tom Bowley

Market Recap for Monday, May 2, 2016 Consumer discretionary (XLY) and consumer staples (XLP) were the sector leaders on Monday as they posted gains of 1.40% and 1.15%, respectively... Read More 

Trading Places with Tom Bowley

Is It Time To Sell In May And Go Away?

by Tom Bowley

Market Recap for Friday, April 29, 2016 The U.S. stock market suffered further damage on Friday as all of our major indices ended lower. There were a few bright spots despite the NASDAQ losing more than its fair share and closing at its lowest level in more than a month. Amazon... Read More