Trading Places with Tom Bowley

This Part Of Energy Completes Right Side Of Cup, Very Bullish

by Tom Bowley

Market Recap for Monday, July 30, 2018 Only three sectors were able to finish in positive territory on Monday as bears permeated Wall Street. Two of the three - financials (XLF, +0.07%) and healthcare (XLV, +0.06%) - barely managed to eke out gains... Read More 

Trading Places with Tom Bowley

Twitter Provides Internet Bears A Double Dose Of Adrenaline

by Tom Bowley

Market Recap for Friday, July 27, 2018 A second wave of internet troubles came in the form of Twitter Inc (TWTR) after the recently-soaring internet giant disappointed traders with its latest quarterly results... Read More 

Trading Places with Tom Bowley

Key S&P 500 Support To Watch And Why I Wouldn't TOUCH Facebook

by Tom Bowley

Market Recap for Thursday, July 26, 2018 There was clear market bifurcation on Thursday as The Travelers Cos (TRV) and Walt Disney Co (DIS) both gained more than 2% to lead the Dow Jones Industrial Average to a 113 point gain... Read More 

Trading Places with Tom Bowley

Facebook Slammed After Missing Revenues And Lowering Future Revenue Growth Rate

by Tom Bowley

Market Recap for Wednesday, July 25, 2018 All of our major indices finished higher on Wednesday, as did all sectors. Relative strength was found in several areas including industrials (XLI, +1.52%), healthcare (XLV, +1.28%) and technology (XLK, +1.25%)... Read More 

Trading Places with Tom Bowley

Small Caps Are Looking To Regain Their Relative Strength

by Tom Bowley

Market Recap for Tuesday, July 24, 2018 Earnings are dominating the headlines and the action on Wall Street. The Dow Jones and S&P 500 had been underperforming its NASDAQ and Russell 2000 counterparts throughout much of the second quarter... Read More 

Trading Places with Tom Bowley

Toys Have Been Hot, But Don't Ignore This Warning Sign

by Tom Bowley

Market Recap for Monday, July 23, 2018 Financials (XLF, +1.38%), especially banks ($DJUSBK, +1.86%), led Wall Street on Monday as the rising 10 year treasury yield ($TNX) provides hope for increasing profits in the quarters ahead for this influential industry group... Read More 

Trading Places with Tom Bowley

This Small Cap Healthcare Stock Is My Pick Again

by Tom Bowley

Market Recap for Friday, July 20, 2018 Software ($DJUSSW, +0.86%) led once again on Friday, thanks in large part to another impressive quarterly earnings report from technology (XLK, +0.03%) giant Microsoft Corp (MSFT)... Read More 

Trading Places with Tom Bowley

Financials Appear Poised To Regain Their Leadership

by Tom Bowley

Market Recap for Wednesday, July 18, 2018 We were mostly higher on Wednesday, although gains were slight. One exception was the NASDAQ, which finished less than one point lower. Otherwise, we saw green... Read More 

Trading Places with Tom Bowley

Consider This Materials Stock That Just Broke Out From Bullish Inverse Head & Shoulders Pattern

by Tom Bowley

Special Note I will be on a short mini-vacation beginning Friday, July 20th. Therefore, I will not be writing a Trading Places blog article that day. I will be back on Monday, however, with my latest recap and thoughts on the stock market... Read More 

Trading Places with Tom Bowley

Netflix Slammed After Missing Revenue And Subscriber Estimates

by Tom Bowley

Market Recap for Monday, July 16, 2018 The Dow Jones saw buying late in Monday's session, pushing this index of giants into positive territory. Leadership was clear... Read More 

Trading Places with Tom Bowley

Newest Dow Jones Component Leads Market Higher

by Tom Bowley

Market Recap for Friday, July 13, 2018 The Dow Jones moved back above 25000 and the S&P 500 cleared 2800 for the first time since February 2nd on the backs of two unlikely heroes. Walgreens Boots Alliance (WBA), the newest member of the Dow Jones, and Walt Disney (DIS) gained 2... Read More 

Trading Places with Tom Bowley

Internet, Software Break Out To Lead NASDAQ To All-Time High

by Tom Bowley

Market Recap for Thursday, July 12, 2018 Those looking for a bear market to develop were dealt a serious blow on Thursday as the NASDAQ forged to yet another all-time high. The Russell 2000 was on the verge of doing so earlier this week as it reached an intraday all-time high...... Read More 

Trading Places with Tom Bowley

Trade Headlines Spook Traders, But Weak Energy Sector Remains Bullish

by Tom Bowley

Market Recap for Wednesday, July 11, 2018 Utilities (XLU, +0.90%) moved higher in an otherwise down day, highlighted by the latest trade headlines in which the U.S. announced another $200 billion in Chinese imports to be subject to a 10% tariff... Read More 

Trading Places with Tom Bowley

Stocks Reach Key Resistance, Could Be Poised For Selling

by Tom Bowley

Market Recap for Tuesday, July 10, 2018 The good news from yesterday is that the Russell 2000 hit an intraday all-time high at 1708.56, edging out intraday highs from June 20th and 21st. The bad news? Sellers took over from there... Read More 

Trading Places with Tom Bowley

Rising Dollar Will Provide Further Leadership In Small Caps

by Tom Bowley

Market Recap for Monday, July 9, 2018 In the famous words of Yogi Berra, it was "deja vu all over again" as financials (XLF, +2.29%) and industrials (XLI, +1.86%) returned to the top of the sector leaderboard. Life insurance ($DJUSIL, +2.78%) and banks ($DJUSBK, +2... Read More 

Trading Places with Tom Bowley

A Big Name Clothing & Accessories Company Provides Excellent Reward To Risk Opportunity

by Tom Bowley

Market Recap for Friday, July 6, 2018 It was a solid close to the week on Friday, especially on the tech-laden NASDAQ where that index rose 101 points, or 1.34%. Biotechnology stocks ($DJUSBT, +3.74%) surged on news of positive trial results for Biogen's (BIIB, +19... Read More 

Trading Places with Tom Bowley

This NASDAQ 100 Giant Flashed BUY Yesterday; History Confirms It

by Tom Bowley

Market Recap for Thursday, July 5, 2018 U.S. equities rallied on Thursday, led by the NASDAQ and Russell 2000, which gained 1.12% and 1.15%, respectively. The Dow Jones and S&P 500 tacked on lesser gains. Technology (XLK, +1.41%), consumer staples (XLP, +1... Read More 

Trading Places with Tom Bowley

Is It Time For A Rally In The Worst Industry Group In 2018?

by Tom Bowley

Market Recap for Tuesday, July 3, 2018 U.S. equities started the holiday-abbreviated trading session on Tuesday quite nicely with gains across each of our major indices... Read More 

Trading Places with Tom Bowley

Are Biotechs Poised To Surge? If So, Consider This Giant

by Tom Bowley

Market Recap for Monday, July 2, 2018 A brief recap from yesterday: All of our major indices climbed higher with renewed leadership from the NASDAQ and Russell 2000. Technology (XLK, +0.89%) and utilities (XLU, +0.71%) led the action, while energy (XLE, -1.47%) was very weak... Read More 

Trading Places with Tom Bowley

Watch Potential Channel Support On The NASDAQ 100

by Tom Bowley

Market Recap for Friday, June 29, 2018 The first half of 2018 ended on Friday in bifurcated fashion, which is fitting given that most of 2018 has seen bifurcated action thus far... Read More