Trading Places with Tom Bowley

Technology And Financials Lead End Of Month Rebound

by Tom Bowley

Market Recap for Thursday, June 28, 2018 The selling episode went according to plan, with many higher risk areas taking on most of the bears' wrath. The three worst performing sectors over the past week led the rebound on Thursday. Technology (XLK, +1.22%), financials (XLF, +0... Read More 

Trading Places with Tom Bowley

Dollar Breakout Good News For Small Caps, But Rising Volatility Weighs

by Tom Bowley

Market Recap for Wednesday, June 27, 2018 Trade war fears are dominating the headlines, but U.S. Dollar Index ($USD) strength is quietly making the biggest news of all. The rising greenback is potentially good news as it signals that the U.S... Read More 

Trading Places with Tom Bowley

Weakness In Railroads Setting Up Trading Opportunities

by Tom Bowley

Market Recap for Tuesday, June 26, 2018 Tepid gains on Wall Street allowed trade fears to subside for a day, but technical indications suggest this is likely just a temporary breather... Read More 

Trading Places with Tom Bowley

Comparing 2018 To The Two Previous Bull Market Tops

by Tom Bowley

Market Recap for Monday, June 25, 2018 We ended a bearish historical period yesterday with.....well.....bearishness. It was an ugly start to the day on more trade threats and, with an hour left in the session, the Dow Jones was down nearly 600 points... Read More 

Trading Places with Tom Bowley

Here's An Overlooked Stock To Consider For Second Half 2018

by Tom Bowley

Market Recap for Friday, June 22, 2018 Bifurcated market action once again permeated Wall Street, but with much different results this time... Read More 

Trading Places with Tom Bowley

Dollar Reversal Likely Points To Short-Term Shift In Trading Strategy

by Tom Bowley

Market Recap for Thursday, June 21, 2018 The Dow Jones closed lower for the 8th consecutive trading session, this time falling 196 points. It's been a steady decline, spurred by fears of a trade war with China and a rising U.S. Dollar Index ($USD)... Read More 

Trading Places with Tom Bowley

Rising Dollar Tide Lifting Small Cap Boats; Clearing This Level Could Create Bullish Tsunami

by Tom Bowley

Reminder If you haven't already subscribed to my blog, I'd love to keep you up-to-date on the latest news and technical developments. It's FREE and simple. Scroll down to the bottom of this article and type in your email address in the space provided... Read More 

Trading Places with Tom Bowley

Defensive Areas Shine As Investors Seek Out Safety; Netflix Clears 400

by Tom Bowley

Market Recap for Tuesday, June 19, 2018 Treasuries (TLT, +0.58%), utilities (XLU, +0.99%), consumer staples (XLP, +0.53%) and healthcare (XLV, +0.26%) highlighted the strength on Tuesday... Read More 

Trading Places with Tom Bowley

This Industry Group Tries To Clear Resistance For The 23rd Time; Dow Futures Tumble

by Tom Bowley

Market Recap for Monday, June 18, 2018 Trade war fears are picking up again this morning and it's rattling equities worldwide. It created a bit of a stir on Monday morning as futures were weak, signaling a rough start for U.S. equities... Read More 

Trading Places with Tom Bowley

Energy Leads Market Lower, Watch These Two Support Levels

by Tom Bowley

Market Recap for Friday, June 15, 2018 We finished Friday's action with lower major indices, primarily the result of a very weak energy sector (XLE, -2.15%). Unfortunately, that masked one of the best absolute and relative performance days in consumer staples (XLP, +1... Read More 

Trading Places with Tom Bowley

Talk About Hot? This Sector Has Risen Every Day In June

by Tom Bowley

Market Recap for Thursday, June 14, 2018 Utilities (XLU, +1.24%) led a bifurcated market on Thursday, but the real story of June has been consumer discretionary (XLY, +1.04%)... Read More 

Trading Places with Tom Bowley

Netflix Jumps To Record, But Fed Rate Hike Weighs On Stocks

by Tom Bowley

Market Recap for Wednesday, June 13, 2018 Another Fed day is in the rear view mirror and now we know the following. The Fed expects to raise interest rates two more times in 2018, bringing the total number of hikes to 4, as opposed to the 3 they discussed in prior meetings... Read More 

Trading Places with Tom Bowley

Bull Market Resumption Awakens The Hibernating Industries; We're Going Higher Folks

by Tom Bowley

Market Recap for Tuesday, June 12, 2018 The Dow Jones lost one point yesterday, but our other key indices finished with gains, led higher by the NASDAQ (+0.57%) and small cap Russell 2000 (+0.46%)... Read More 

Trading Places with Tom Bowley

Expect Small Caps To Continue To Provide Leadership

by Tom Bowley

Market Recap for Monday, June 11, 2018 U.S indices finished with across-the-board gains on Monday despite a final 30 minute selloff that saw the Dow Jones trim a 70 point gain down to just 5 points... Read More 

Trading Places with Tom Bowley

Wall Street Ends Week With Gains, Home Construction Leads

by Tom Bowley

Market Recap for Friday, June 8, 2018 In a rare development, consumer staples (XLP, +1.23%) led Wall Street higher on Friday. Over the past three months, the XLP has fallen 5.78% and no other sector is close to consumer staples' ineptitude... Read More 

Trading Places with Tom Bowley

Dow Jones Leads Bifurcated Market; McDonalds Soars On Announced Layoffs

by Tom Bowley

Market Recap for Thursday, June 7, 2018 The Dow Jones gained 95 points, extending its recent rally, on the strength of McDonalds Corp (MCD) and Chevron Corp (CVX). MCD announced layoffs and Wall Street cheered the likely improvement to its bottom line by sending MCD higher by 4... Read More 

Trading Places with Tom Bowley

Materials And Financials Lead Strong Rally; Tesla Breaks Out

by Tom Bowley

Market Recap for Wednesday, June 6, 2018 It was another solid bull market rally on Wall Street on Wednesday, this time with the Dow Jones conglomerates leading the action. The Dow Jones Industrial Average gained 346 points, or 1... Read More 

Trading Places with Tom Bowley

Retail And Small Cap Industrials Helping To Feed This Bull Market

by Tom Bowley

Market Recap for Tuesday, June 5, 2018 It's the perfect storm. Technology (XLK, +0.35%) sets another all-time high record close to lead the NASDAQ to the same. Strengthening economic conditions are creating a higher interest rate environment... Read More 

Trading Places with Tom Bowley

Consumer Stocks Roll; NASDAQ Breaks 7600

by Tom Bowley

Market Recap for Monday, June 4, 2018 Consumer stocks - discretionary (XLY, +1.12%) and staples (XLP, +0.83%) - led Wall Street higher on Monday, especially the NASDAQ, which closed above 7600 for the first time in its history... Read More 

Trading Places with Tom Bowley

Strong Jobs Report Powers NASDAQ To Near Record Close

by Tom Bowley

Market Recap for Friday, June 1, 2018 Technology (XLK, +1.70%) and materials (XLB, +1.53%) led Wall Street higher on Friday after the May nonfarm payrolls beat expectations, providing a lift for those anticipating further economic strength in the months ahead... Read More 

Trading Places with Tom Bowley

Small Caps Enter Their Best Relative Strength Month On A Roll

by Tom Bowley

Market Recap for Thursday, May 31, 2018 The roller coaster ride of 2018 has suddenly re-emerged this week. After considerable weakness on Tuesday to open this holiday-shortened week, we saw a beautiful bounce-back rally on Wednesday... Read More