Trading Places with Tom Bowley October 30, 2019 at 08:00 AM
Stock market rotation occurs on a small level each and every day, but longer-term "big picture" themes emerge and it's critical for us to spot them early in their development in order to take advantage and ensure a much better chance of outperforming the major indices... Read More
Trading Places with Tom Bowley October 28, 2019 at 08:34 AM
Anyone who has followed my work for the past decade knows that I've remained steadfastly bullish despite all the negative media rants. Follow the charts. There is no recession. The economy will strengthen. We'll get a trade deal... Read More
Trading Places with Tom Bowley October 25, 2019 at 09:03 AM
I completely understand that it's really not possible, but Wall Street does provide us a number of clues. When a company is being accumulated and is outperforming its industry group peers plus the benchmark S&P 500, there's typically a reason for it... Read More
Trading Places with Tom Bowley October 24, 2019 at 08:37 AM
As a trader, I'm constantly watching my industry group relative strength charts. There are 104 of them, so I could look at each one individually....or I could use the cool StockCharts tools to do all the work for me... Read More
Trading Places with Tom Bowley October 23, 2019 at 08:30 AM
It works like a charm. Wall Street places their bets ahead of earnings season, then the solid results pour in. Shocking? Not really... Read More
Trading Places with Tom Bowley October 21, 2019 at 08:10 AM
There's been a lot said and written about the struggles of the FAANG stocks. Don't let any of it fool you. The only FAANG stock reeling in my view is Netflix (NFLX). In last week's "Q3 Earnings Sneak Preview", I said I wasn't a fan of NFLX heading into earnings... Read More
Trading Places with Tom Bowley October 18, 2019 at 08:07 AM
Earnings season is, by far, my favorite time of the year. It occurs four times a year and provides a significant number of trading opportunities if you know what you're looking for. My first piece of advice is this: Not all gaps are created equal... Read More
Trading Places with Tom Bowley October 17, 2019 at 08:15 AM
October volatility in the banking industry ($DJUSBK) has been nothing short of crazy! On September 30th, the DJUSBK stood at 457.39. A little more than two weeks later, we show an index value of 460.82... Read More
Trading Places with Tom Bowley October 15, 2019 at 08:24 AM
JPM did not disappoint Wall Street. The Street had been "banking" on a solid report, as evidenced by its solid relative performance to its banking peers and to the benchmark S&P 500. And wow did they get it! JPM reported revenues of $30.06 billion and EPS of $2.68... Read More
Trading Places with Tom Bowley October 14, 2019 at 08:21 AM
Last week, there were eight industry groups within consumer discretionary (XLY) that gained 2% or more, lead by the rapidly-improving apparel retailers ($DJUSRA), which gained 4... Read More
Trading Places with Tom Bowley October 11, 2019 at 08:54 AM
Earnings season officially starts this morning, in my opinion, with quarterly results coming in from Citigroup (C). While C may provide the banking group a lift today, the bigger report comes on Tuesday when JP Morgan Chase (JPM) reports its numbers... Read More
Trading Places with Tom Bowley October 10, 2019 at 08:01 AM
Note The following is the EB Daily Market Report for yesterday. It is sent out each day (usually between 11am and noon EST) to our members at EarningsBeats.com. It's one of several new products and services that we've unveiled over the past month... Read More
Trading Places with Tom Bowley October 09, 2019 at 08:31 AM
Technically-speaking, things are about to get very interesting for U.S. stocks. We've seen two economic reports out in the past two weeks that beg for at least a 25 basis point Fed rate cut... Read More
Trading Places with Tom Bowley October 08, 2019 at 08:00 AM
That answer depends on your trading strategy quite honestly. Day traders likely don't care too much about technical indications on weekly charts whereas longer-term investors probably aren't going to grow too concerned by looking at charts day-to-day... Read More
Trading Places with Tom Bowley October 07, 2019 at 08:17 AM
I've discussed this on many occasions, but bull market advances requires the rotation of dollars from the bond market. We can have money going into both stocks and bonds for a short period of time, but that generally won't work over a longer period of time... Read More
Trading Places with Tom Bowley October 05, 2019 at 11:19 AM
That's a great question and one that will be much easier to answer in 3 months. :-) U.S. stocks have been through a lot over the past 21 months. Since topping in 2018, we've seen tremendous volatility, but there have been a few constants... Read More
Trading Places with Tom Bowley October 04, 2019 at 08:54 AM
Before I talk about jobs, let's discuss the S&P 500. We're consolidating. In a secular bull market, that's fashionable. We went through this from 2014 through early 2016. This is simply the 2018/2019 version... Read More
Trading Places with Tom Bowley October 03, 2019 at 10:09 AM
Broadline retail ($DJUSRB), once a Wall Street darling and bull market leader, has fallen upon hard times the past three months. While the S&P 500 recently moved up to challenge its all-time record high, the DJUSRB never came close... Read More
Trading Places with Tom Bowley October 02, 2019 at 08:20 AM
The September ISM manufacturing index fell from 49.1 in August to 47.8 this month, signaling a rather significant contraction. Export orders were much worse, posting 41.0, which was their third consecutive month of contraction... Read More
Trading Places with Tom Bowley October 01, 2019 at 08:30 AM
Medical equipment stocks ($DJUSAM) have been solid absolute and relative performers for the past 7 years with few exceptions, so it certainly seems worthwhile to stay on top of its relative strength leaders. One such leader in 2019 has been Avedro, Inc. (AVDR)... Read More
