Trading Places with Tom Bowley

When Contemplating Trades, Target The Leaders

by Tom Bowley

I know I speak of relative strength frequently, but it kinda makes common sense, doesn't it? In order to establish relative strength vs. your peers and the overall market, there has to be a lot of interest. When buying clothes, do you buy what's in style now...... Read More 

Trading Places with Tom Bowley

This Pharma Stands Above (Most Of) The Crowd

by Tom Bowley

Pharmaceuticals ($DJUSPR) have definitely been an area to avoid in 2019, which is somewhat surprising when you consider how effective many defensive areas have been this year... Read More 

Trading Places with Tom Bowley

Major Reversal In Software Offers Encouraging Sign

by Tom Bowley

I've been watching and waiting to see if software ($DJUSSW) would begin to show leadership again as we approach earnings season, which will kick off in the next few weeks... Read More 

Trading Places with Tom Bowley

This Mid Cap Might Be The Best Semiconductor Stock

by Tom Bowley

Semiconductors ($DJUSSC, -1.78%) had a rough session on Tuesday, but they had been on a roll since early-August, rising from 3350 to 3850, and there have been plenty of leaders to choose from... Read More 

Trading Places with Tom Bowley

3 Key Industry Groups Nearing Breakouts

by Tom Bowley

The S&P 500 is slightly more than 1% away from setting a new all-time high close and there are several areas of the market I'm watching closely to evaluate leadership in the next leg of this bull market... Read More 

Trading Places with Tom Bowley

Uncovering The Deception On Wall Street - Webinar Recording Available

by Tom Bowley

Well, I have to admit, I'm always watching this first chart. It's how consumer stocks are performing vs. one another. When consumer discretionary stocks (XLY) are outperforming consumer staples stocks (XLP) over time, I'm generally very bullish U.S. equities... Read More 

Trading Places with Tom Bowley

Friday Wasn't Selling, It Was Manipulation

by Tom Bowley

I've seen it so, so many times. The stock market is strong, trending higher and the bottom drops out. Ever heard of "buy on rumor, sell on news"? That was partly responsible for the end of week selling... Read More 

Trading Places with Tom Bowley

2019 Lagging Industry Becoming Leader Again

by Tom Bowley

The aerospace industry ($DJUSAS) has recently caught fire once again and it's worth noting - not only from an absolute perspective, but also from a relative strength standpoint... Read More 

Trading Places with Tom Bowley

Post-Fed Action Provides Us MAJOR Clues....If You Know Where To Look

by Tom Bowley

I think most technicians would agree that stock market action into the close is generally much more important than stock market action just after the open. That is magnified even further when we have a major event take place intraday... Read More 

Trading Places with Tom Bowley

Hold Your Breath, It's Fed Day!

by Tom Bowley

I'm nervous. I believe the market has shown how nervous it's been as money quickly rotated from growth to value stocks ahead of today's Fed announcement. Here's a 10 year weekly look at the IWF:IWD ratio (Russell 1000 growth vs. value)... Read More 

Trading Places with Tom Bowley

Crude Oil: The Long-Term View And The Fed's Role

by Tom Bowley

Crude oil ($WTIC) was certainly in the news on Monday after a drone strike crippled Saudi Arabian oil production by roughly 50%. The immediate reduction in global oil supply was felt via a 14.68% surge in price to $62.90 per barrel... Read More 

Trading Places with Tom Bowley

Is Now The Time For FedEx?

by Tom Bowley

FedEx Corp (FDX) will be reporting its latest quarterly results tomorrow after the closing bell. In late-August, FDX printed a bullish engulfing candle and it's been moving straight up ever since... Read More 

Trading Places with Tom Bowley

Daily Market Report - Friday, September 13, 2019

by Tom Bowley

Special Note: On Monday, September 16th, I will officially begin writing full-time at EarningsBeats.com as its Chief Market Strategist, returning to a role that I left in March 2015 when I joined StockCharts.com as a Sr. Technical Analyst... Read More 

Trading Places with Tom Bowley

Wall Street Rallies As We Near Record Highs Once Again

by Tom Bowley

Market Recap for Thursday, September 12, 2019 Apparently we're back in the "feel good" portion of the trade war as President Trump announced on Thursday that there would be a tariff delay, providing a "gesture of good will"... Read More 

Trading Places with Tom Bowley

Industrials Challenging Resistance Again; Airlines Poised Strong Q4?

by Tom Bowley

Market Recap for Wednesday, September 11, 2019 On the 18th anniversary of 9/11, it was somewhat ironic that Boeing (BA, +3.51%) led the Dow Jones back above 27,000 and within 1% of its all-time high. Apple (AAPL, +3... Read More 

Trading Places with Tom Bowley

Energy And Transports Benefit From Rotating Market

by Tom Bowley

Market Recap for Tuesday, September 10, 2019 We once again finished in bifurcated fashion on Tuesday with the small cap Russell 2000 ($RUT, +1.28%) and the Dow Jones ($INDU, +0.28%) leading the action, while the S&P 500 ($SPX, +0.03%) and the NASDAQ ($COMPQ, -0... Read More 

Trading Places with Tom Bowley

Bifurcated Action Draws Sellers In Leading Industries

by Tom Bowley

Market Recap for Monday, September 9, 2019 Monday's action was odd, mixed and bifurcated. The small cap Russell 2000 ($RUT) had a very strong day, rising 1.27%, while the NASDAQ, another aggressive index, fell 0.19%... Read More 

Trading Places with Tom Bowley

My Monday Trade Setup Features A Leader In Software

by Tom Bowley

Special Event Today! This is probably the most excited that I've been for an event ever. I honestly believe that the lineup of products and services that we've put together at EarningsBeats.com will benefit thousands of followers/subscribers across the globe... Read More 

Trading Places with Tom Bowley

Earnings Season Never Ends; These 2 Companies Prove It

by Tom Bowley

The beauty of being both a fundamentalist and a technician is that the fun never stops... Read More 

Trading Places with Tom Bowley

S&P 500 Breaks Trading Range To Upside And There Was Very Bullish Confirmation

by Tom Bowley

Market Recap for Thursday, September 5, 2019 U.S. indices had a strong day on Thursday, with leadership from key aggressive areas. The small cap Russell 2000 ($RUT) led the action with a solid 1.75% gain. More on the RUT in today's Current Outlook section below... Read More 

Trading Places with Tom Bowley

Head & Shoulder Top Is Perhaps The Most Over-Hyped Technical Pattern

by Tom Bowley

Market Recap for Wednesday, September 4, 2019 It was a solid day for U.S. equities as all of our major indices rallied, as did all 11 sectors. Communication services (XLC, +1.94%) and technology (XLK, +1.71%) were the top two performing sectors... Read More 

Trading Places with Tom Bowley

Defensive Sectors Hold U.S. Equities Up

by Tom Bowley

Market Recap for Tuesday, September 3, 2019 This is just a very brief market recap as I'm on jury duty this week. New U.S. tariffs took effect this morning and it's September, so the stock market saw considerable weakness, especially at the open... Read More 

Trading Places with Tom Bowley

Sneak Preview: Sector and Industry Relative Strength Analysis

by Tom Bowley

Special Note There will be no Trading Places blog article on Tuesday, September 3rd as I've been selected for jury duty and will be out all day. I'll find out more of my schedule (for later this week) tomorrow morning and I will post articles here this week as best I can... Read More