Trading Places with Tom Bowley

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Strength In Internet, Software And Semiconductors Leading Technology Group

by Tom Bowley

Market Recap for Tuesday, May 30, 2017 Technology (XLK, +0.43%) remains the heart of this current bull market. The XLK was the sector leader on Tuesday, with utilities (XLU, +0.32%) a close second... Read More 

Trading Places with Tom Bowley

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Dow Jones In Record High Territory Amid Signs Of Slowing Momentum

by Tom Bowley

Market Recap for Friday, May 26, 2017 Friday's action was slightly bullish overall, but there was little difference between the best performing sectors and the worst performing sectors. Consumer stocks performed well with consumer staples (XLP, +0... Read More 

Trading Places with Tom Bowley

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Specialty Retailers Rally Off Support, Lead U.S. Stocks To Record Close

by Tom Bowley

Market Recap for Thursday, May 25, 2017 Retailers led another U.S. market rally on Thursday and helped provide leadership for the consumer discretionary sector (XLY, +0.88%), which outperformed the benchmark S&P 500 for one of the few times over the past 2-3 weeks... Read More 

Trading Places with Tom Bowley

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S&P 500 Breaks To Another Fresh All-Time High

by Tom Bowley

Market Recap for Wednesday, May 24, 2017 Seven of nine sectors finished higher to lead the S&P 500 to a record high close on Wednesday. Materials (XLB, +0.67%) and utilities (XLU, +0... Read More 

Trading Places with Tom Bowley

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Financials Lead As Banks Rally Amid Rising Treasury Yields

by Tom Bowley

Market Recap for Tuesday, May 23, 2017 Eight of nine sectors finished in positive territory on Tuesday as only consumer discretionary (XLY, -0.38%) failed to do so... Read More 

Trading Places with Tom Bowley

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Industrial Suppliers Continue Impressive Bounce Off Support

by Tom Bowley

Market Recap for Monday, May 22, 2017 Utilities (XLU, +0.86%), technology (XLK, +0.80%) and industrials (XLI, +0.77%) were the sector leaders on Monday, aiding our major indices as they mostly have erased the big losses from last Wednesday... Read More 

Trading Places with Tom Bowley

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Stocks Rebound On The Strength Of Industrials

by Tom Bowley

Market Recap for Friday, May 19, 2017 Industrials (XLI, +1.32%) and energy (XLE, +1.23%) were the two clear leaders on Friday. The XLI represents one of the four aggressive sectors in the market so it's always nice to see strength there... Read More 

Trading Places with Tom Bowley

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Stocks Rebound, This Relative Ratio Will Be Important To Watch

by Tom Bowley

Market Recap for Thursday, May 18, 2017 Technology (XLK, +0.59%) and consumer discretionary (XLY, +0.58%) led the market's rally on Thursday after mobile telecom ($DJUSWC) managed to hang onto 20 week EMA support after a drubbing on Wednesday... Read More 

Trading Places with Tom Bowley

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Major Indices Sell Off Hard, Lose Support; What's Next?

by Tom Bowley

Market Recap for Wednesday, May 17, 2017 It was a brutal day of selling for U.S. equities. The selling began at the open and continued right through the close... Read More 

Trading Places with Tom Bowley

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Negative Divergences Weighing On Transports

by Tom Bowley

Market Recap for Tuesday, May 16, 2017 Technology (XLK, +0.47%) and financials (XLF, +0.29%) were the two best performing sectors on Tuesday and the former was the primary reason that the NASDAQ was able to outperform on a day when the U.S. market was bifurcated... Read More 

Trading Places with Tom Bowley

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S&P 500 Sets Fresh Record High Close; Materials And Energy Lead

by Tom Bowley

Market Recap for Monday, May 15, 2017 It was another solid day for U.S. equities with index leadership coming from the small caps as the Russell 2000 posted a nice 0.81% rise while the other major indices were just below the +0.50% level... Read More 

Trading Places with Tom Bowley

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NASDAQ Leads Bifurcated U.S. Market

by Tom Bowley

Market Recap for Friday, May 12, 2017 The NASDAQ finished higher on Friday, but that was not the case for the Dow Jones and S&P 500, which both finished fractionally lower... Read More 

Trading Places with Tom Bowley

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Rotation Turns Defensive As S&P 500 Consolidation Continues

by Tom Bowley

Market Recap for Thursday, May 11, 2017 Consumer staples (XLP, +0.15%) and utilities (XLU, +0.14%) were beneficiaries of money rotating more defensively on Thursday. While the end result at the close wasn't bad overall (the Dow Jones and S&P 500 lost 0.11% and 0... Read More 

Trading Places with Tom Bowley

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A Deep Look Into Healthcare And Its Bullish Pattern

by Tom Bowley

Market Recap for Wednesday, May 10, 2017 The energy sector (XLE, +1.32%) was very strong on Wednesday as crude oil ($WTIC) bounced more than 3%. With crude oil up nicely again this morning, we should see more strength and leadership from the XLE today. Technology (XLK, +0... Read More 

Trading Places with Tom Bowley

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Hotels And Gambling Stocks Lead Strong Discretionary Sector

by Tom Bowley

Market Recap for Tuesday, May 9, 2017 Consumer discretionary stocks (XLY, +0.58%) were easily the leading group on Tuesday as hotels ($DJUSLG) and gambling ($DJUSCA) stocks were outperformers... Read More 

Trading Places with Tom Bowley

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Truckers: Short-Term Sell Signal Setting Up Long-Term Buy

by Tom Bowley

Market Recap for Monday, May 8, 2017 The small cap Russell 2000 lagged on Monday with the other major indices tacking on minor gains. Energy (XLE, +0.71%) was the leader with coal ($DJUSCL) jumping 3.50%... Read More 

Trading Places with Tom Bowley

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Dow Jones Tops 21000 For Second Time

by Tom Bowley

Market Recap for Friday, May 5, 2017 The headline news from Friday is that the Dow Jones was able to clear psychological overhead resistance at 21000 for only the second time in history (March 1st was the other) and that the S&P 500 managed to clear its all-time high close at 239... Read More 

Trading Places with Tom Bowley

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Bifurcated Action Stymies Global Markets - For At Least One Day

by Tom Bowley

Market Recap for Thursday, May 4, 2017 Happy Cinco De Mayo! Cuatro De Mayo turned out to be a very flat day, with bifurcated action throughout the market. Even global markets were bifurcated. I counted 13 international ETFs higher yesterday with 10 lower... Read More 

Trading Places with Tom Bowley

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Banks Lead Rebound In Financials; IBN Breaks Out On Big Volume

by Tom Bowley

Market Recap for Wednesday, May 3, 2017 Financials (XLF, +0.80%) were easily the best performing sector on Wednesday as banks ($DJUSBK) led the rebound in interest-sensitive stocks... Read More 

Trading Places with Tom Bowley

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Apple iPhone Sales Disappoint, Could Lead To Short-Term Relative Weakness On NASDAQ

by Tom Bowley

Market Recap for Tuesday, May 2, 2017 Traders weren't overly impressed with Apple's (AAPL) quarterly report last night and NASDAQ futures are suffering this morning... Read More 

Trading Places with Tom Bowley

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NASDAQ, Russell 2000 Flexing Their Relative Muscles

by Tom Bowley

Market Recap for Monday, May 1, 2017 The NASDAQ and Russell 2000 outperformed in a big, big way on Monday and that's always a very positive sign for equities. In addition, strength came from technology (XLK, +0.75%) and financials (XLF, +0.64%), two of the aggressive sectors... Read More 

Trading Places with Tom Bowley

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Commercial Vehicles Break Out To Lead Industrials

by Tom Bowley

Market Recap for Friday, April 28, 2017 Equities sold off throughout the day on Friday, but no significant levels of support were lost... Read More