Trading Places with Tom Bowley

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Defense Stocks Bounce Off Price Support; Dow Jones Sets New Record

by Tom Bowley

Market Recap for Friday, July 28, 2017 The U.S. stock market has been quite resilient and today wraps up a very strong July. On Friday, only the Dow Jones finished higher - and at a fresh new record high - while healthcare (XLV, +0.50%) and industrials (XLI, +0... Read More 

Trading Places with Tom Bowley

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Amazon Disappoints, Techs Look To Head Lower

by Tom Bowley

Market Recap for Thursday, July 27, 2017 The mostly unabated rise in technology shares off the early July low took a sudden turn lower on Thursday afternoon and the initial reactions to quarterly earnings reports from Amazon... Read More 

Trading Places with Tom Bowley

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Transportation Services Ready To Breakout, Ryder Trucking Along

by Tom Bowley

Market Recap for Wednesday, July 26, 2017 The small cap Russell 2000 index struggled, finishing down 0.56% on Wednesday's session, but it was another day of record high closes elsewhere as the Dow Jones, S&P 500 and NASDAQ all advanced... Read More 

Trading Places with Tom Bowley

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Copper And Oil Surge; Materials Among Leaders

by Tom Bowley

Market Recap for Tuesday, July 25, 2017 Energy shares (XLE, +1.26%) received another boost when crude oil prices ($WTIC) surged on Tuesday to close at $47.89 per barrel (+3.34%), its highest close in nearly two months... Read More 

Trading Places with Tom Bowley

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Banks Bounce Off Support, Financials Lead

by Tom Bowley

Market Recap for Monday, July 24, 2017 It was another bifurcated session as the more aggressive NASDAQ and Russell 2000 led while the Dow Jones and S&P 500 took a breather... Read More 

Trading Places with Tom Bowley

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U.S. Stocks Finish A Strong Week With A Flat Friday

by Tom Bowley

Market Recap for Friday, July 21, 2017 Friday was definitely a boring kind of day, but the bulls will generally take boring - especially after a nice push higher and a huge slate of earnings about to be released this week... Read More 

Trading Places with Tom Bowley

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Coal And Renewable Energy Surge To Lead U.S. Equities To Fresh Highs

by Tom Bowley

Market Recap for Wednesday, July 19, 2017 Energy (XLE, +1.46%) and materials (XLB, +0.96%) led the major U.S. indices to all-time highs on Wednesday, with particular strength in coal ($DJUSCL) and renewable energy ($DWCREE), which rose 6.36% and 3.08%, respectively... Read More 

Trading Places with Tom Bowley

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Internet Stocks Break Out, Lead Technology And NASDAQ

by Tom Bowley

Market Recap for Tuesday, July 18, 2017 It was a rough June for technology stocks and, more specifically, internet stocks ($DJUSNS), but they've both rebounding during an exceptional July... Read More 

Trading Places with Tom Bowley

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Small Stocks Close At Fresh All-Time High

by Tom Bowley

Market Recap for Monday, July 17, 2017 It seems that every major U.S. index is taking its turn at all-time highs and on Monday small cap stocks stepped up to the plate, closing at 1431.60, its highest close ever... Read More 

Trading Places with Tom Bowley

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Long Awaited Bank Earnings Were A Dud.....Or Were They?

by Tom Bowley

Market Recap for Friday, July 14, 2017 JPMorgan (JPM), Citigroup (C), PNC Financial (PNC) and Wells Fargo (WFC) were a formidable sample of bank stocks ($DJUSBK) reporting earnings last Friday and it was set up to be a very interesting trading day - to see if the huge run up in t... Read More 

Trading Places with Tom Bowley

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Large Banks Kick Off Earnings Season

by Tom Bowley

Market Recap for Thursday, July 13, 2017 Financials (XLF, +0.60%) rebounded to lead the market action on Thursday, in anticipation of large bank earnings scheduled to be reported this morning. The Dow Jones U.S... Read More 

Trading Places with Tom Bowley

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Equities Surge On Dovish Fed Remarks

by Tom Bowley

Market Recap for Wednesday, July 13, 2017 Fed Chair Janet Yellen provided the Fed's semiannual monetary policy to the House Financial Services Committee on Wednesday morning, just prior to the opening of the stock market and both the bond market and stock market loved what it hea... Read More 

Trading Places with Tom Bowley

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Financials Hit Resistance And Weaken As Yields Fall

by Tom Bowley

Market Recap for Tuesday, July 11, 2017 Only two of nine sectors - energy (XLE, +0.54%) and technology (XLK, +0.22%) were able to finish in positive territory on Tuesday... Read More 

Trading Places with Tom Bowley

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Technology Rebound Strengthens With Internet Stocks Hitting Key Level

by Tom Bowley

Market Recap for Monday, July 10, 2017 The NASDAQ and S&P 500 rallied on Monday, posting gains of 0.38% and 0.09%, respectively. The small cap Russell 2000 index was easily the worst performing major index, losing 0.52% on the session... Read More 

Trading Places with Tom Bowley

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Homebuilders Strong; Dow Component McBreaks Out

by Tom Bowley

Market Recap for Friday, July 7, 2017 Dow Jones component McDonalds Corp (MCD) jumped more than 2% on Friday, extending an already strong 2017 with another all-time high closing breakout. It helped to lead a strong restaurants & bars ($DJUSRU) industry, which rose 1.26%... Read More 

Trading Places with Tom Bowley

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Bears Grip Wall Street, Key Levels To Watch

by Tom Bowley

Special Announcement Greg Schnell and I will be co-hosting the latest StockCharts Outlook webinar tomorrow, July 8th at 11am EST. Please join us as we discuss what went right and wrong during the first half of 2017 and where we see the market heading in the second half... Read More 

Trading Places with Tom Bowley

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Technology Rebounds, Crude Oil Plunges

by Tom Bowley

Market Recap for Wednesday, July 5, 2017 Crude oil prices ($WTIC) tumbled on Wednesday and that put an abrupt end to the recent strength in energy shares (XLE, -2.03%)... Read More 

Trading Places with Tom Bowley

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Energy And Financials Fuel Rally As 10 Year Treasury Yield Breaks Out

by Tom Bowley

Market Recap for Monday, July 3, 2017 Energy (XLE, +1.93%) had another strong day as crude oil ($WTIC) surged above $47 per barrel and tested its 50 day SMA for the first time in over a month... Read More 

Trading Places with Tom Bowley

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Industrials Lead Friday's Action But Market Bifurcated

by Tom Bowley

Market Recap for Friday, June 30, 2017 We once again witnessed market bifurcation with both the Dow Jones and S&P 500 rising slightly, while the more aggressive NASDAQ and Russell 2000 finished with absolute and relative weakness... Read More