Trading Places with Tom Bowley April 30, 2018 at 08:57 AM
Market Recap for Friday, April 27, 2018 The news heading into Friday couldn't have been much better. The initial reading of Q1 GDP came in stronger than expected at 2.3% vs. 2.0%. We had blowout earnings from key leaders including Amazon... Read More
Trading Places with Tom Bowley April 27, 2018 at 08:49 AM
Market Recap for Thursday, April 26, 2018 Two familiar areas - technology (XLK, +1.82%) and consumer discretionary (XLY, +1.62%) - saw money rotate their way on Thursday, with especially strong action in both internets ($DJUSNS, +4.11%) and semiconductors ($DJUSSC, +2... Read More
Trading Places with Tom Bowley April 26, 2018 at 09:04 AM
Market Recap for Wednesday, April 25, 2018 Wall Street was able to find equity buyers yesterday, despite the 10 year treasury yield's ($TNX) first close above 3.00% since 2014. The Volatility Index ($VIX) settled back down after approaching 20 for the second consecutive day... Read More
Trading Places with Tom Bowley April 25, 2018 at 09:00 AM
Market Recap for Tuesday, April 24, 2018 Pre-market action on Tuesday was solid and that's just about where the bullishness ended... Read More
Trading Places with Tom Bowley April 24, 2018 at 08:38 AM
Market Recap for April 23, 2018 A significant bullish breakout in the U.S. Dollar ($USD) occurred on Monday and the push higher is likely to just be beginning... Read More
Trading Places with Tom Bowley April 23, 2018 at 08:55 AM
Market Recap for Friday, April 20, 2018 The big news on Friday was the bond market. The 10 year treasury yield ($TNX) closed just a tad above 2.95% and that was the highest close since late-2013/early-2014... Read More
Trading Places with Tom Bowley April 20, 2018 at 08:30 AM
Market Recap for Thursday, April 19, 2018 The U.S. stock market has been solid throughout April thus far, so seeing a Thursday drop of 0.57% and 0.78% on the S&P 500 and NASDAQ, respectively, shouldn't be too alarming. And it wasn't... Read More
Trading Places with Tom Bowley April 19, 2018 at 08:53 AM
Market Recap for Wednesday, April 18, 2018 Our major indices showed signs of tiring on Wednesday as its seasonal pre-earnings run from April 1st to April 18th concluded. Five sectors managed to finish in positive territory, including the red-hot energy sector (XLE, +1... Read More
Trading Places with Tom Bowley April 18, 2018 at 08:53 AM
Market Recap for Tuesday, April 17, 2018 Futures were solid heading into Tuesday's pre-market action as Netflix reported stellar Q1 results after the closing bell on Monday... Read More
Trading Places with Tom Bowley April 17, 2018 at 08:55 AM
Market Recap for Monday, April 16, 2018 Utilities (XLU, +1.37%) and materials (XLB, +1.34%) led rather odd market behavior on Monday. The good news is that all nine sectors finished higher. The bad news is that our most aggressive sectors struggled on a relative basis... Read More
Trading Places with Tom Bowley April 16, 2018 at 08:45 AM
Market Recap for Friday, April 13, 2018 U.S. stocks fell on Friday the 13th, but managed to cut intraday losses in half (or more) during the final 45 minutes of the session. Most of our major indices lost roughly 0... Read More
Trading Places with Tom Bowley April 13, 2018 at 08:59 AM
Note I write an article here in this blog each and every morning that the stock market is open. It's typically published during pre-market action, between 8:30am-9:00am EST... Read More
Trading Places with Tom Bowley April 12, 2018 at 08:42 AM
Market Recap for Wednesday, April 11, 2018 Well, the S&P 500 tried to clear its 20 day EMA again. And it failed....again. That marks the 5th consecutive day of failed 20 day EMA breakouts... Read More
Trading Places with Tom Bowley April 11, 2018 at 08:40 AM
Market Recap for Tuesday, April 10, 2018 It seems like forever, but the energy sector ETF (XLE, +3.31%) finally did it - it closed above 69.00! Can we please say goodbye to the 66-69 trading range? I didn't realize this until yesterday, but the XLE's SCTR is now at 78... Read More
Trading Places with Tom Bowley April 10, 2018 at 08:41 AM
Market Recap for Monday, April 9, 2018 Once again, Monday was the tale of two markets. The first half of the day was quite bullish, but it was all for naught as sellers stampeded the bulls in the afternoon session... Read More
Trading Places with Tom Bowley April 09, 2018 at 08:37 AM
Market Recap for Friday, April 6, 2018 All nine sectors fell on Friday as the Dow Jones tumbled 572 points amid more threats of China tariffs by the White House. China has promised further retaliation if the U.S. remains adamant about imposing tariffs on China imports... Read More
Trading Places with Tom Bowley April 06, 2018 at 09:04 AM
Market Recap for Thursday, April 5, 2018 The latest recovery attempt continued into Thursday of this week, but weak futures this morning will provide yet one more obstacle for the bulls to overcome. I'll talk more about that in the Pre-Market Action section below... Read More
Trading Places with Tom Bowley April 05, 2018 at 08:44 AM
Market Recap for Wednesday, April 4, 2018 Welcome back consumer stocks! One day certainly doesn't make a fresh new trend, but it's been awhile since consumer stocks led a rally. Consumer discretionary (XLY, +1.84%) and consumer staples (XLP, +1... Read More
Trading Places with Tom Bowley April 04, 2018 at 08:53 AM
Special Note I typically post a blog article every day that the U.S. stock market is open... Read More
Trading Places with Tom Bowley April 03, 2018 at 07:44 AM
Market Recap for Monday, April 2, 2018 It was a big down day on Wall Street with eight of nine sectors down 2% or more. Only the defensive utilities (XLU, -0.77%) were able to minimize its losses, with the more aggressive consumer discretionary (XLY, -2... Read More
Trading Places with Tom Bowley April 02, 2018 at 08:35 AM
Market Recap for Thursday, March 29, 2018 The energy ETF (XLE, +2.11%) surged off of key price support at 66.00 and there's reason to believe that this rally could last a bit longer... Read More
