Trading Places with Tom Bowley

Banks Test 20 Day Along With TNX

by Tom Bowley

Market Recap for Thursday, December 29, 2016 The 10 year treasury yield ($TNX) closed at 2.48% and hit an intraday low of 2.46% to test its rising 20 day EMA for the first time since early November. Not too surprisingly, the Dow Jones U.S... Read More 

Trading Places with Tom Bowley

Broad-Based Selling Finally Hits U.S. Stocks

by Tom Bowley

Market Recap for Wednesday, December 28, 2016 It's been awhile since this happened, but on Wednesday all nine sectors declined, led by energy (XLE, -1.08%), industrials (XLI, -1.05%) and financials (XLF, -1.02%). The carnage was evenly spread as consumer staples (XLP, -0... Read More 

Trading Places with Tom Bowley

Oil Closes Near $54 Per Barrel; Home Construction Rises

by Tom Bowley

Market Recap for Tuesday, December 27, 2016 Eight of the nine sectors rose on Tuesday with only consumer staples (XLP, -0.02%) losing ground. The NASDAQ and Russell 2000 once again were the leading indices, powered by home construction ($DJUSHB) and renewable energy ($DWCREE)... Read More 

Trading Places with Tom Bowley

Small Caps Lead Friday; Biotechs Ready To Resume Uptrend?

by Tom Bowley

Market Recap for Friday, December 23, 2016 The Russell 2000 gained 0.65% on Friday to lead the major U.S. indices. The NASDAQ followed with a 0.28% gain while the S&P 500 and Dow Jones pushed higher, but only by 0.13% and 0.07%, respectively... Read More 

Trading Places with Tom Bowley

Seasonality: What Lies Ahead In January?

by Tom Bowley

First, U.S. markets are closed today in observance of the Christmas holiday... Read More 

Trading Places with Tom Bowley

Global Markets Mostly Bullish But Mixed

by Tom Bowley

Market Recap for Thursday, December 22, 2016 Yesterday's action here in the U.S. had a short-term bearish tone to it, but there were certainly no price breakdowns and no reason to believe it was anything other than a bout of profit taking during a continuing bull market advance... Read More 

Trading Places with Tom Bowley

Energy Looks To Lead In 2017 For Multiple Reasons, Here's Why

by Tom Bowley

Market Recap for Wednesday, December 21, 2016 Energy (XLE, +0.16%) was one of just two sectors that headed higher on Wednesday with materials (XLB, +0.4%) being the only other... Read More 

Trading Places with Tom Bowley

Dow Nears 20,000, Crude Oil Higher

by Tom Bowley

Market Recap for Tuesday, December 20, 2016 Treasuries were sold off on Tuesday with the corresponding 10 year treasury yield ($TNX) moving back up to 2.57%. The recent high was 2.60% so the TNX is not far from another new high... Read More 

Trading Places with Tom Bowley

Technology Leads U.S. Stocks; Out Of Their Funk Now?

by Tom Bowley

Market Recap for December 19, 2016 Over the past three months, technology (XLK) has been the 6th best performing industry group, beating out only the three defensive groups - consumer staples (XLP), utilities (XLU) and healthcare (XLV)... Read More 

Trading Places with Tom Bowley

Defensive Sectors And Energy Lead On Friday

by Tom Bowley

Market Recap for Friday, December 16, 2016 Utilities (XLU, +1.22%) soared on Friday and came very close to a breakout above reverse head & shoulders neckline resistance. This is also very near overhead trendline resistance as well... Read More 

Trading Places with Tom Bowley

Weekly Negative Divergences A Problem For A Few Key Groups

by Tom Bowley

Market Recap for Thursday, December 15, 2016 With treasury yields on the rise again, it wasn't surprising to see financials (XLF, +0.85%) on top of the sector leaderboard... Read More 

Trading Places with Tom Bowley

Fed Raises Rates, Says More To Come

by Tom Bowley

Market Recap for Wednesday, December 14, 2016 As expected, volatility kicked in around 2pm EST yesterday as the Fed delivered what traders most likely anticipated, but still didn't want to hear. Rates are going higher... Read More 

Trading Places with Tom Bowley

Traders Await Latest From The Fed

by Tom Bowley

Market Recap for Tuesday, December 13, 2016 Well it's Fed day and both equity and bond markets are prepared for a quarter point rate hike. The big question, however, is whether the market is ready to hear what the Fed has to say about future policy guidance... Read More 

Trading Places with Tom Bowley

Defense Leads Dow Jones To Another Record

by Tom Bowley

Market Recap for Monday, December 12, 2016 The Dow Jones advanced for the 21st time in the last 25 trading days on Monday, capturing yet another record high close on Monday... Read More 

Trading Places with Tom Bowley

Big Day In Oil Awaits Energy Sector

by Tom Bowley

Market Recap for Friday, December 9, 2016 Gains permeated our major indices on Friday, but it was difficult to overlook the flight to safety... Read More 

Trading Places with Tom Bowley

Transports And Financials Lifting Dow Jones Near 20000

by Tom Bowley

Market Recap for Thursday, December 8, 2016 The Dow Jones Transportation Average ($TRAN) finished higher once again on Thursday and has now risen more than 4% this week. In addition, the TRAN has climbed 16.7% since the close on November 4th... Read More 

Trading Places with Tom Bowley

Rallies Don't Get Any Stronger Than This One

by Tom Bowley

Market Recap for Wednesday, December 7, 2016 Money poured into risk yesterday as global markets rallied in anticipation of strengthening economies worldwide. Here in the U.S., nearly every single industry group pushed higher, many of them 1%-2% higher or more... Read More 

Trading Places with Tom Bowley

The German DAX Surges, Joins S&P 500 In Breakout Mode

by Tom Bowley

Market Recap for Tuesday, December 6, 2016 I've been waiting to see if the German DAX would join the S&P 500 in breakout territory and, thus far, I'm getting my answer today with the DAX currently up 155 points, or 1... Read More 

Trading Places with Tom Bowley

Crude Oil Again Challenging Major Breakout; Renewables Bottoming

by Tom Bowley

Market Recap for Monday, December 5, 2016 Financials (XLF, +1.19%) were back on top of the sector leaderboard on Monday after taking a "lengthy" one day pause... Read More 

Trading Places with Tom Bowley

TNX Hits Resistance, Financials Sell

by Tom Bowley

Market Recap for Friday, December 2, 2016 Friday saw continuing bifurcation, but with this time the NASDAQ and Russell 2000 leading while the Dow Jones and S&P 500 lagged. Rotation wasn't all positive, however, as utilities (XLU, +0.91%) and consumer staples (XLP, +0... Read More 

Trading Places with Tom Bowley

Technology Crushed, NASDAQ Lags Badly

by Tom Bowley

Market Recap for Thursday, December 1, 2016 It was another very strange day on Wall Street. The Dow Jones finished the session Thursday with a gain of 68 points, closing at 19192 and another all-time high... Read More 

Trading Places with Tom Bowley

Crude Oil Surges 9%, Lifts Energy Stocks

by Tom Bowley

Market Recap for Wednesday, November 30, 2016 Crude oil ($WTIC) rose more than 9% on Wednesday and energy shares (XLE, +5.08%) were the beneficiary. Rising treasury yields also helped to lift the financial sector (XLF, +1.35%) with banks ($DJUSBK) storming to another high... Read More