Trading Places with Tom Bowley March 29, 2018 at 09:03 AM
Market Recap for Wednesday, March 28, 2018 The U.S. stock market settled down on Wednesday and that could be very good news for the bulls. High volatility ($VIX) has stunned equity traders the past two months after a 15 month period of little volatility... Read More
Trading Places with Tom Bowley March 28, 2018 at 08:51 AM
Market Recap for Tuesday, March 27, 2018 I've discussed since early February the difficulty in trading a market with an elevated Volatility Index ($VIX). While returns can be awesome when you make great calls, the opposite is true when your timing is less than perfect... Read More
Trading Places with Tom Bowley March 27, 2018 at 08:46 AM
Market Recap for Monday, March 26, 2018 It was an impressive rally on Wall Street on Monday. All nine sectors advanced at least 1%. The four aggressive sectors - technology (XLK, +3.80%), financials (XLF, +3.24%), consumer discretionary (XLY, +2.95%) and industrials (XLI, +2... Read More
Trading Places with Tom Bowley March 26, 2018 at 08:50 AM
Market Recap for Friday, March 23, 2018 All of our major indices tumbled on Friday, but none are struggling quite the same as the Dow Jones, which fell another 425 points on Friday to close at its lowest level since November 2017... Read More
Trading Places with Tom Bowley March 23, 2018 at 08:52 AM
Market Recap for Thursday, March 22, 2018 Let me start today's article by saying that the stock market loathes uncertainty. Traders love boring small gains day after day with subtle, anticipated pullbacks to key moving averages or short-term price support levels... Read More
Trading Places with Tom Bowley March 22, 2018 at 08:53 AM
Market Recap for Wednesday, March 21, 2018 It was a volatile session on Wednesday, particularly after 2pm EST when the FOMC policy statement was released. In Fed Chairman Jerome Powell's first meeting as Fed Chief, the Fed raised the benchmark funds rate a quarter point from 1... Read More
Trading Places with Tom Bowley March 21, 2018 at 09:02 AM
Market Recap for Tuesday, March 20, 2018 There weren't huge gains on Tuesday, but given how poorly Monday went, I'd say yesterday was a very solid day. On Monday, we saw the Volatility Index ($VIX) spike more than 20% back above 19 as fear ramped up... Read More
Trading Places with Tom Bowley March 20, 2018 at 09:00 AM
Market Recap for Monday, March 19, 2018 Ok, let's start with the obvious. It was an ugly day for U.S. equities. The Dow Jones, S&P 500, NASDAQ and Russell 2000 fell 1.35%, 1.42%, 1.84% and 0.98%, respectively... Read More
Trading Places with Tom Bowley March 19, 2018 at 08:40 AM
Market Recap for Friday, March 16, 2018 There was an industry-wide rally in energy stocks (XLE, +0.89%) on Friday and utilities (XLU, +0.88%) also performed well. The latter looks much better technically, however, as it has broken above its 50 day SMA... Read More
Trading Places with Tom Bowley March 16, 2018 at 08:48 AM
Market Recap for Thursday, March 15, 2018 It was just another day of bifurcated action on Wall Street. But this time it featured a strengthening Dow Jones. The Dow gained 0.47%, while the S&P 500, NASDAQ and Russell 2000 fell 0.08%, 0.20% and 0.49%, respectively... Read More
Trading Places with Tom Bowley March 15, 2018 at 08:47 AM
Market Recap for Wednesday, March 14, 2018 The U.S. stock market continued its bifurcated ways on Wednesday. While all of our major indices declined, it was not across-the-board selling. The Dow Jones (-1.00%) saw the brunt of the selling, while the NASDAQ Composite (-0... Read More
Trading Places with Tom Bowley March 14, 2018 at 08:33 AM
Market Recap for Tuesday, March 13, 2018 It appears to be a case of "too much of a good thing". Technology stocks (XLK, -1.15%) retreated off of a 60 minute negative divergence and that reverberated throughout most parts of the NASDAQ (-1... Read More
Trading Places with Tom Bowley March 13, 2018 at 08:48 AM
Market Recap for Monday, March 12, 2018 While we saw bifurcated action on Monday, it was still mostly bullish action. For starters, the more aggressive NASDAQ (+0.36%) and Russell 2000 (+0.25%) finished in positive territory while the safer indices - Dow Jones (-0... Read More
Trading Places with Tom Bowley March 12, 2018 at 09:00 AM
Market Recap for Friday, March 9, 2018 The U.S. stock market was back to its old bull market tricks on Friday as the NASDAQ powered 133 points higher (+1.79%) to close at 7560... Read More
Trading Places with Tom Bowley March 09, 2018 at 08:47 AM
Market Recap for Thursday, March 8, 2018 It's never a great signal to see the stock market rally and the three defensive sectors - consumer staples (XLP, +0.91%), utilities (XLU, +0.74%) and healthcare (XLV, +0.67%) - sit atop the sector leaderboard... Read More
Trading Places with Tom Bowley March 08, 2018 at 08:30 AM
Market Recap for Wednesday, March 7, 2018 It was a day of bifurcation, but it was good bifurcation - if that makes any sense. When the stock market jury is split as we saw on Wednesday, I prefer that our aggressive market areas perform well and defensive areas lag... Read More
Trading Places with Tom Bowley March 07, 2018 at 08:56 AM
Market Recap for Tuesday, March 6, 2018 Materials (XLB, +1.10%) and consumer discretionary (XLY, +0.69%) led a modest stock market rally here in the U.S. on Tuesday. The small cap Russell 2000 gained more than 1% to once again outperform its larger cap counterparts... Read More
Trading Places with Tom Bowley March 06, 2018 at 08:50 AM
Market Recap for Monday, March 5, 2018 The Dow Jones surged on Monday, gaining 337 points (+1.37%) to lead all of our major indices higher. Two stalwarts - Caterpillar (CAT, +3.24%) and Boeing (BA, +2.34%) - were the leaders, but we saw 29 of the 30 Dow components gain yesterday... Read More
Trading Places with Tom Bowley March 05, 2018 at 09:00 AM
Market Recap for Friday, March 2, 2018 The Dow Jones finished with a 71 point loss on Friday, thanks in part to another very weak performance by McDonalds (MCD). Apparently, their $1, $2, $3 menu is falling short of expectations and it's clearly reflected in recent price action... Read More
Trading Places with Tom Bowley March 02, 2018 at 09:16 AM
Market Recap for Thursday, March 1, 2018 Any time the Volatility Index ($VIX) rises 13%, it's not going to be a great day on Wall Street. Fear equals selling and selling is exactly what we saw on Thursday... Read More
Trading Places with Tom Bowley March 01, 2018 at 09:04 AM
Market Recap for Wednesday, February 28, 2018 Outside of the final two hours on Wednesday, it was a fairly boring day. We gapped higher at the open, sold off to fill the gap, and then moved back into positive territory.....until the final two hours... Read More
