Trading Places with Tom Bowley

Strong GDP And Blowout Earnings Fail To Inspire Bulls

by Tom Bowley

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

NASDAQ 100 Trio Report Blowout Results, Technology Looking To Extend Rally

by Tom Bowley

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

Will Today's Earnings-Related Gap Higher Break Through Key Resistance?

by Tom Bowley

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

The Bears Are Making A Run For The Roses

by Tom Bowley

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

Dollar Makes Major Breakout; What That Means For Investment Allocation

by Tom Bowley

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

Two Bad Apples Don't Spoil The Whole Market Bunch

by Tom Bowley

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

Treasury Yields Spike; TNX Threatens 4+ Year High, Banks Soar

by Tom Bowley

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

Bifurcated Action Doesn't Hold Back Transports, Renewable Energy

by Tom Bowley

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

Twitter Leads Internet Group Higher; Netflix Soars On Earnings Beat

by Tom Bowley

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

Falling VIX Aiding Stocks; Watch This Resistance Zone On S&P 500

by Tom Bowley

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

Energy Now Sports The Highest SCTR Among Sectors

by Tom Bowley

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

CNBC Won't Tell You When The Market Is Topping, But This Chart Will

by Tom Bowley

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

One Day Ahead Of 4 HUGE Bank Earnings Reports, Let's Delve Into The Group

by Tom Bowley

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

Energy Finally Breaks Out, Fuels S&P 500 Advance

by Tom Bowley

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

Here's A Beaten Down Industry Group Where I'd Look For A 6-7% Rebound

by Tom Bowley

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

Despite Friday's Selloff, My Most Reliable Signal Remains Bullish

by Tom Bowley

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

I Cannot Own Commodities And Here's Why

by Tom Bowley

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

Consumer Discretionary Leads And Remains On A Very Bullish Track

by Tom Bowley

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

A Volatility War Has Been Declared

by Tom Bowley

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

U.S. Stocks Slide As S&P 500 Prints Double Bottom

by Tom Bowley

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

Energy Bounces Off Of Rock Solid Support......Again

by Tom Bowley

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