Trading Places with Tom Bowley

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Strong Earnings Lift Clothing Stocks

by Tom Bowley

Market Recap for Thursday, March 28, 2019 Lululemon Athletica (LULU, +14.13%), PVH Corp (PVH, +14.76%), and Movado Group (MOV, +22.77%) all surged after the clothing & accessories retailers all posted much better than expected quarterly earnings. The Dow Jones U.S... Read More 

Trading Places with Tom Bowley

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Home Construction Is Loving This Treasury Yield Decline

by Tom Bowley

Market Recap for Wednesday, March 27, 2019 Wall Street rebounded from steep intraday losses, but still ended the session in negative territory. The NASDAQ was the weakest index, falling 0.63%. The S&P 500, Russell 2000 and Dow Jones dropped 0.46%, 0.39%, and 0.13%, respectively... Read More 

Trading Places with Tom Bowley

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Crude Oil, Energy Lead Wall Street Higher

by Tom Bowley

Market Recap for Tuesday, March 26, 2019 Strength in global markets seemed to influence the U.S. market at the open as equities surged higher. But sellers dominated most of the balance of the day as gains evaporated... Read More 

Trading Places with Tom Bowley

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Seasonality And Price Support Suggest TSLA Is A Buy

by Tom Bowley

Market Recap for Monday, March 25, 2019 U.S. stocks finished in bifurcated fashion on Monday as the S&P 500 and NASDAQ lost 0.08% and 0.07%, respectively, while the Dow Jones tacked on 0.06%. The small cap Russell 2000 was a relative outperformer, gaining 0.46% on the session... Read More 

Trading Places with Tom Bowley

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The VIX And S&P 500 Positive Correlation Predicted Friday's Drop

by Tom Bowley

Market Recap for Friday, March 22, 2019 Investors were worried on Friday and it was reflected in the Volatility Index ($VIX), which rose more than 20%, and sharply lower U.S. equity prices. The small cap Russell 2000 was hit hardest, dropping 3.62%... Read More 

Trading Places with Tom Bowley

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Apple Leads Big Technology Rally

by Tom Bowley

Market Recap for Thursday, March 21, 2019 Technology stocks (XLK, +2.51%) carried Wall Street higher on Thursday as computer hardware ($DJUSCR, +3.56%), semiconductors ($DJUSSC, +3.13%), and software ($DJUSSW, +2.20%) all surged to fresh 2019 highs. Apple, Inc. (AAPL, +3... Read More 

Trading Places with Tom Bowley

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The Bond Market Is Sending Us The Most Bearish Signal

by Tom Bowley

Market Recap for Wednesday, March 20, 2019 Yesterday was all about the Fed and what it might say. It was essentially a foregone conclusion that there'd be no rate hike, so traders were on edge anticipating what might change in the Fed's policy statement... Read More 

Trading Places with Tom Bowley

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U.S. Dollar Index Drops For 8th Straight Day, Awaiting Fed

by Tom Bowley

Market Recap for Tuesday, March 19, 2019 The U.S. stock market finished the day in bifurcated fashion as the NASDAQ (+0.12%) clung to a relatively minor gain, while the aggressive small cap Russell 2000 index lost 0.57%... Read More 

Trading Places with Tom Bowley

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Negative Divergences Could Wreak Havoc On U.S. Stocks

by Tom Bowley

Market Recap for Monday, March 18, 2019 U.S. stocks moved modestly higher on Monday, extending Friday breakouts on both the S&P 500 (+0.37%) and NASDAQ (+0.34%). The Russell 2000 gained 0.67% to lead the action. Crude oil prices ($WTIC, +1... Read More 

Trading Places with Tom Bowley

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Here's A Gem In Apparel Retail

by Tom Bowley

Market Recap for Friday, March 15, 2019 It was another solid day for the bulls to close out last week. It was also quad-witching options expiration Friday, which typically results in much-heavier-than-usual volume. Volume was certainly heavy on Friday... Read More 

Trading Places with Tom Bowley

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Transports Going Along For The Ride

by Tom Bowley

Market Recap for Thursday, March 14, 2019 Thursday was a day of rest and bifurcated action. The Dow Jones gained ground, albeit a rather miniscule 7 points, but the other major indices fell. The Russell 2000, NASDAQ and S&P 500 dropped 0.40%, 0.16%, and 0... Read More 

Trading Places with Tom Bowley

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Earnings Could Send ULTA Flying

by Tom Bowley

Market Recap for Wednesday, March 13, 2019 It was another strong day on Wall Street. All 11 sectors moved higher for the second time this week. Industrials (XLI, +0.88%) represent the only sector to have posted a daily loss this week... Read More 

Trading Places with Tom Bowley

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Internet Goes 'Round The (RRG) World In 20 Days

by Tom Bowley

Market Recap for Tuesday, March 12, 2019 Boeing (BA, -6.15%) was once again a major drag on the Dow Jones as that index ended the session in negative territory (-0.38%), while our other indices were positive. The NASDAQ (+0... Read More 

Trading Places with Tom Bowley

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Market Rallies But Yield Spread Continues To Hurt Banks

by Tom Bowley

Market Recap for Monday, March 11, 2019 It never hurts to have Apple, Inc. (AAPL, +3.46%) breakout and that's what happened on Monday. It not only lifted the technology sector (XLK, +2... Read More 

Trading Places with Tom Bowley

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Poor Jobs, Big Reversal, What's Next?

by Tom Bowley

Market Recap for Friday, March 8, 2019 Friday started ugly. There's no way to sugar coat the worst jobs report in 18 months. Nonfarm payrolls fell way short of expectations, 20,000 actual vs. 175,000 consensus estimate... Read More 

Trading Places with Tom Bowley

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Jobs Disappoint; Dollar Breakout Bad For Energy, Materials

by Tom Bowley

Market Recap for Thursday, March 7, 2019 Selling in U.S. equities continued for a fourth consecutive session as this is easily the most difficult period in 2019 for the equity bulls... Read More 

Trading Places with Tom Bowley

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VIX Clears First Key Level, Bears Regain Grip

by Tom Bowley

Market Recap for Wednesday, March 6, 2019 All of our major indices took a hit yesterday, including the small cap Russell 2000 ($RUT), which once again lagged badly and dropped another 2.01%. The RUT was easily the worst performer as the Dow Jones, S&P 500 and NASDAQ lost 0... Read More 

Trading Places with Tom Bowley

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Relative Strength Says We're Going Higher

by Tom Bowley

Market Recap for Tuesday, March 5, 2019 Another weak start and the inability to finish well contributed to minor losses across our major indices on Tuesday. Relative weakness in the small cap Russell 2000 resulted in a 0... Read More 

Trading Places with Tom Bowley

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This Financial Sector Group Has Caught Fire

by Tom Bowley

Market Recap for Monday, March 4, 2019 It's really hard for me to say who won yesterday's market battle. Obviously, we finished lower so I guess that would be the determining factor to say the bears won this battle... Read More 

Trading Places with Tom Bowley

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The NASDAQ Is Showing Little Signs of Topping

by Tom Bowley

Market Recap for Friday, March 1, 2019 U.S. equities rallied strongly at the open on Friday, then gave back most, if not all, of those gains by late morning, and finally rallied once again in the afternoon... Read More 

Trading Places with Tom Bowley

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Railroads Strength Pointing To Bright Economic Conditions

by Tom Bowley

Market Recap for Thursday, February 28, 2019 Our major indices were lower across the board on Thursday, but losses were minimal. The Dow Jones, S&P 500, NASDAQ and Russell 2000 dropped 0.27%, 0.28%, 0.29%, and 0.35%, respectively... Read More