Trading Places with Tom Bowley

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Here Are The Key Support Levels To Watch

by Tom Bowley

Market Recap for Monday, January 30, 2017 It was most definitely a day of profit taking across U.S. equities on Monday. All of our major indices finished lower, although an afternoon rally did cut into some of the earlier losses... Read More 

Trading Places with Tom Bowley

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February Typically Sees This Sector Shine

by Tom Bowley

Market Recap for Friday, January 27, 2017 Last week was a milestone week for U.S. equities as the Dow Jones closed above 20000 for the first time in its history and the S&P 500 tagged 2300 for the first time as well... Read More 

Trading Places with Tom Bowley

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Russell 2000 Advance Measures to 1450 Or Another 5-6%

by Tom Bowley

Market Recap for Thursday, January 26, 2017 It was another bifurcated day on the U.S. stock market Thursday as the Dow Jones was able to muster up another gain after piercing the psychological 20000 level on Wednesday... Read More 

Trading Places with Tom Bowley

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Transports and Financials Drive Dow Jones Above 20000

by Tom Bowley

Market Recap for Wednesday, January 25, 2017 The Dow Jones kept searching for a catalyst to finally break that psychological 20000 barrier and it came in the form of a one-two punch from transports ($TRAN, +1.43%) and financials (XLF, +1... Read More 

Trading Places with Tom Bowley

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FCX Confirms Inverse H&S Breakout; Materials Dominate

by Tom Bowley

Market Recap for Tuesday, January 24, 2017 The S&P 500 and NASDAQ both closed at new all-time highs on Tuesday as basic materials (XLB, +2.58%) soared. Freeport-McMoran (FCX) was huge performer in the group and FCX is featured below in the Sector/Industry Watch section... Read More 

Trading Places with Tom Bowley

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Internet Stocks Jump, Threaten Breakout

by Tom Bowley

Market Recap for Monday, January 23, 2017 Materials (XLB, +0.20%) and technology (XLK, +0.18%) were the leading sectors on Monday as our major indices traded in negative fashion throughout the day... Read More 

Trading Places with Tom Bowley

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Computer Services Latest Technology Group To Break Out

by Tom Bowley

Market Recap for Friday, January 20, 2017 Basic materials (XLB, +0.89%) led yet another U.S. stock market rally on Friday as the Dow Jones gained close to 100 points to once again approach what could become its first all-time closing high above 20000... Read More 

Trading Places with Tom Bowley

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Dollar And Gold Appear To Be Reversing Trends At Key Levels

by Tom Bowley

Market Recap for Thursday, January 20, 2017 The industrial sector (XLI, +0.73%) was the only sector to finish in positive territory as railroads ($DJUSRR) broke out on massive volume Thursday... Read More 

Trading Places with Tom Bowley

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Consumer Stocks Strengthening To Open 2017

by Tom Bowley

Market Recap for Wednesday, January 18, 2017 Financials (XLF, +0.83%) were back on track Wednesday as mortgage finance ($DJUSMF), life insurance ($DJUSIL), investment services ($DJUSSB) and banks ($DJUSBK) led the equity charge... Read More 

Trading Places with Tom Bowley

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Tobacco Smokes On Tuesday To Lead Consumer Staples

by Tom Bowley

Market Recap for Tuesday, January 17, 2017 Money rotated towards defense on Tuesday as our major indices saw a day of profit taking. The small cap Russell 2000 was hit particularly hard, dropping 1.44%... Read More 

Trading Places with Tom Bowley

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Is The Market Topping Or Just Starting?

by Tom Bowley

Market Recap for Friday, January 13, 2017 Friday may have seemed like a ho-hum kinda day as the Dow Jones actually finished with a loss for the session... Read More 

Trading Places with Tom Bowley

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Bank Profits Soar, Travel Stocks Ready To Fly?

by Tom Bowley

Market Recap for Thursday, January 12, 2017 Healthcare (XLV, +0.10%) and utilities (XLU, +0.08%) finished in positive territory and provided sector leadership on Thursday, but the remaining sectors and all of our major indices finished the day in negative territory... Read More 

Trading Places with Tom Bowley

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Dollar Weakness Aiding Gold And Silver.....For Now

by Tom Bowley

Market Recap for Wednesday, January 12, 2017 The U.S. Dollar Index ($USD) fell for the fourth time in the past six trading sessions after sideways consolidating for a couple weeks prior... Read More 

Trading Places with Tom Bowley

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Airlines Jump On Lower Crude Oil Prices

by Tom Bowley

Market Recap for Tuesday, January 10, 2017 It was another bifurcated market day on Tuesday, but under the surface there was much more bullishness than on Monday. For one, six sectors rose instead of one... Read More 

Trading Places with Tom Bowley

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NASDAQ Breaks Out, Still Waiting On Dow

by Tom Bowley

Market Recap for Monday, January 9, 2017 Dow 20k watchers were left hanging another day as the NASDAQ was the only major index to gain ground on Monday. And speaking of lone leaders, healthcare (XLV, +0... Read More 

Trading Places with Tom Bowley

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Dow 19999 - Close Enough?

by Tom Bowley

Market Recap for Friday, January 6, 2017 Let's party like it's 1999.....9. Do you think that big round numbers don't matter on Wall Street? If so, you might want to think again... Read More 

Trading Places with Tom Bowley

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Summary Of Sector Relative Strength By Calendar Month

by Tom Bowley

Normally, I provide a daily blog article every day that the U.S. stock market is open. That eliminates Saturdays and Sundays. I'm making an exception today to share some historical information that I believe you'll find useful as you work your way through 2017... Read More 

Trading Places with Tom Bowley

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Financials Take Beating Amid Falling Treasury Yields

by Tom Bowley

Market Recap for Thursday, January 5, 2017 The 10 year treasury yield ($TNX) tumbled on Thursday, dropping more than 8 basis points to close at 2.37% - its lowest daily close since December 7th's 2.35% finish... Read More 

Trading Places with Tom Bowley

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Autos Gain Traction, Break Out To Lead Equities Higher

by Tom Bowley

Market Recap for Wednesday, January 4, 2017 Materials (XLB, +1.46%) and consumer discretionary (XLY, +1.33%) were easily the two best performing sectors on Wednesday to lead our major indices to a second consecutive day of across-the-board gains in 2017... Read More 

Trading Places with Tom Bowley

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Biotechs Lead Stocks To Open 2017

by Tom Bowley

Market Recap for Tuesday, January 3, 2017 Healthcare (XLV, +1.31%) took over sector leadership on Tuesday to open 2017 as the Dow Jones U.S. Biotechnology Index ($DJUSBT) jumped 2.05%... Read More 

Trading Places with Tom Bowley

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U.S. Futures Strong, Crude Oil On The Move

by Tom Bowley

Note First, I want to wish everyone a very happy new year! Second, I'm excited to announce that Greg Schnell (think Canadian Technician and Commodities Countdown) and I will be co-hosting a Stock Market 2017 Outlook webinar in mid-January where we'll compare notes and share our t... Read More