Trading Places with Tom Bowley

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Prospects Of Higher Rates Aiding Financials

by Tom Bowley

Market Recap for Tuesday, August 30, 2016 Eight of nine sectors fell on Tuesday, with financials (XLF, +0.90%) the lone gaining sector. This behavior seems to be setting the stage for a Fed rate hike, probably sooner rather than later... Read More 

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Defense Stocks Ready To Fire Back?

by Tom Bowley

Market Recap for August 29, 2016 It was a strong, wide participation kind of day for U.S. equities on Monday as August 2016 nears a close... Read More 

Trading Places with Tom Bowley

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10 Year Treasury Yield Surges To 2 Month High

by Tom Bowley

Special NOTE Please check out the Historical Tendencies section below for important seasonal information as we approach the bearish month of September. There are a couple of important links - one to join me for my webinar today at 1pm and also one to join us at StockCharts... Read More 

Trading Places with Tom Bowley

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S&P 500 Hadn't Done This In Two Months

by Tom Bowley

Market Recap for Thursday, August 25, 2016 For the first time since late June, the S&P 500 closed beneath its 20 day EMA. We've seen plenty of closes near its 20 day EMA, but yesterday marked the first one beneath... Read More 

Trading Places with Tom Bowley

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Rough Day For Healthcare As Biotechs Fail At Resistance

by Tom Bowley

Market Recap for Wednesday, August 24, 2016 Healthcare (XLV, -1.57%) was one of two sectors losing more than 1% on Wednesday as the Dow Jones U.S. Biotechnology Index ($DJUSBT) fell 2.46%... Read More 

Trading Places with Tom Bowley

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Dollar Remains Under Pressure, Lifting Materials And Energy

by Tom Bowley

Market Recap for Tuesday, August 23, 2016 While U.S. equities continue to waver, albeit in a slow northerly fashion, they're not the only asset groups trying to figure out which direction they want to ultimately go... Read More 

Trading Places with Tom Bowley

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Bifurcated Market Signals Little About The Short-Term

by Tom Bowley

Market Recap for Monday, August 22, 2016 Monday was another boring day with most of the action slanting to the negative side, but it was nothing terrible... Read More 

Trading Places with Tom Bowley

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If The Shoe Fits, Then Buy It

by Tom Bowley

Market Recap for Friday, August 19, 2016 Stocks ended last week on a negative note with each of our major indices finishing in negative territory. Losses were very minor on the more aggressive NASDAQ and Russell 2000, however, and three sectors - materials (XLB, +0... Read More 

Trading Places with Tom Bowley

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Energy Makes Huge Breakout As Crude Oil Jumps Again

by Tom Bowley

Market Recap for Thursday, August 18, 2016 Energy (XLE, +2.06%) led the action on Thursday and helped turn the stock market around after it briefly turned negative at mid-day. Utilities (XLU, +1.23%) and materials (XLB, +0... Read More 

Trading Places with Tom Bowley

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Afternoon Rally Erases Early Losses

by Tom Bowley

Market Recap for Wednesday, August 17, 2016 The Tuesday selling continued into early Wednesday, but initial support held in the support zone that was highlighted yesterday... Read More 

Trading Places with Tom Bowley

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U.S. Stocks Weaken, Watch This Support Level

by Tom Bowley

Market Recap for Tuesday, August 16, 2016 Eight of nine sectors fell on Tuesday with energy (XLE, +0.16%) the lone sector that managed to finish in positive territory... Read More 

Trading Places with Tom Bowley

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Small Caps Lead Broad-Based Rally

by Tom Bowley

Market Recap for Monday, August 15, 2016 The Russell 2000 index surged nearly 1%, more than three times the percentage gain seen on the S&P 500 as small caps were once again held in favor by traders... Read More 

Trading Places with Tom Bowley

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Bifurcated Action Stifles The Bulls On Friday

by Tom Bowley

Market Recap for Friday, August 12, 2016 It was another day of indecision - but within the confines of a continuing uptrend. The NASDAQ and Russell 2000 eked out gains while both the Dow Jones and S&P 500 suffered fractional losses... Read More 

Trading Places with Tom Bowley

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Big Rise In Crude Oil Extends S&P 500 Rally

by Tom Bowley

Market Recap for Thursday, August 11, 2016 Crude oil surged more than 6% yesterday and energy (XLE, +1.47%) led yet another S&P 500 rally with that benchmark index finishing at a record high. Initial price support at 2175 held before the bulls were back on the attack... Read More 

Trading Places with Tom Bowley

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Should We Shop For Retail Stocks?

by Tom Bowley

Market Recap for Wednesday, August 10, 2016 U.S. stocks fell across all of our major indices on Wednesday (gasp!). Don't worry, it wasn't anything of technical significance... Read More 

Trading Places with Tom Bowley

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Consumer Staples Lead With Weak Volume

by Tom Bowley

Market Recap for Tuesday, August 9, 2016 It was another day of watching paint dry as the Dow Jones, S&P 500, NASDAQ and Russell 2000 gained 0.02%, 0.10%, 0.24% and 0.11%, respectively... Read More 

Trading Places with Tom Bowley

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Where's The Summer Weakness?

by Tom Bowley

Market Recap for Monday, August 8, 2016 It's summer time in the stock market, but you wouldn't know it by the action since June 27th... Read More 

Trading Places with Tom Bowley

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Jobs Beat And Strength In Financials Lead Friday Rally

by Tom Bowley

Market Recap for Friday, August 8, 2016 Friday was a very solid day for the bulls and not just because the S&P 500 closed at all-time highs again. The part I liked the most was the leadership of the financial sector (XLF, +1.91%)... Read More 

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Strength In Technology Shares Continuing To Fuel This Rally

by Tom Bowley

Market Recap for Thursday, August 4, 2016 Technology (XLK, +0.54%) has been the leading sector over nearly every short-term performance measure... Read More 

Trading Places with Tom Bowley

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Small Caps, Energy And Financials Lead Rally

by Tom Bowley

Market Recap for Wednesday, August 3, 2016 Strength returned in most areas of U.S. equities on Wednesday, but the gains were more pronounced in the Russell 2000, which rose 0.86%. Among the six sectors in positive territory, none was stronger than energy (XLE, +1... Read More 

Trading Places with Tom Bowley

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S&P 500 Bounces Off First Key Short-Term Support

by Tom Bowley

Market Recap for Tuesday, August 2, 2016 There was no bifurcated action on Tuesday. There were no major indices threatening breakouts and eight of the nine sectors fell... Read More 

Trading Places with Tom Bowley

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Biotechs Surge Through Resistance To Lead NASDAQ

by Tom Bowley

Market Recap for Monday, August 1, 2016 Monday marked another day of mixed action. The NASDAQ continues to power forward, leading the action. Since July 14th, the NASDAQ has advanced more than 150 points or roughly 3%... Read More 

Trading Places with Tom Bowley

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Bull Market Escapes July With Barely A Scratch

by Tom Bowley

Market Recap for Friday, July 29, 2016 Friday's end of month action was bifurcated with the Dow Jones lagging and posting a 0.13% decline. The other three major indices did manage to finish in positive territory with sectors finishing in that same bifurcated fashion... Read More