Trading Places with Tom Bowley

Relief Rally Begins, How Long Might This Last?

by Tom Bowley

Market Recap for Tuesday, October 30, 2018 Today's article will be limited as I'm having technical difficulties sharing charts, but I'll give you my thoughts... Read More 

Trading Places with Tom Bowley

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Impulsive Selling Returns, More Rotation To Defensive Areas

by Tom Bowley

Market Recap for Monday, October 29, 2018 Early on Monday morning, it looked like stocks were trying to carve out a bottom, but by the afternoon, big time selling resumed and prior support levels were lost - all with rapidly rising volatility... Read More 

Trading Places with Tom Bowley

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NASDAQ Volatility Measure Suggests Market Bottom

by Tom Bowley

Market Recap for Friday, October 26, 2018 All of our major indices finished lower on Friday and all of our major sectors did the same. It's difficult to paint a bullish picture after such selling, but I'm going to do just that... Read More 

Trading Places with Tom Bowley

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History Says BUY NOW, But Here's When The Charts Say To Buy

by Tom Bowley

Market Recap for Thursday, October 25, 2018 Obviously, the numbers from Thursday tell us that we had a very strong day. But the "under the surface" signals really underscored that strength. Transports ($TRAN) gained 1.88% after nearly touching the February low... Read More 

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Fear Gauge Soars As Dow Jones Posts 600 Point Loss

by Tom Bowley

Market Recap for October 24, 2018 When the Volatility Index ($VIX, +21.83%) is elevated, like it's been throughout much of October, it should be no shock when Wall Street has a day like it did yesterday... Read More 

Trading Places with Tom Bowley

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Wild Ride On Wall Street Ends With Minor Losses

by Tom Bowley

Market Recap For October 23, 2018 It was a crazy day on Wall Street which, quite honestly, we should expect with a Volatility Index ($VIX) in the 20s. Jitters in global markets saw U.S. futures plunge yesterday morning... Read More 

Trading Places with Tom Bowley

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Banks, Financials Drop To 2018 Lows, Futures Tumble As Risk Grows

by Tom Bowley

Subscribe For FREE Below If you enjoy my daily blog article that summarizes recent action, current outlook and provides a historical perspective, please subscribe below. It's 100% FREE, no strings attached, and is much appreciated... Read More 

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Here's What To Expect Going Forward And It May Not Be Pretty Short-Term

by Tom Bowley

Special Note I will be joining John Hopkins, President of EarningsBeats.com, for a special webinar later this afternoon at 4:30pm EST... Read More 

Trading Places with Tom Bowley

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A Consumer Discretionary Group Has Been Sending Warning Signs For Two Years

by Tom Bowley

Market Recap for Thursday, October 18, 2018 Impulsive selling seemed to return to Wall Street on Thursday as the Dow Jones had a couple of intraday bouts where the index declined 200-300 points in just an hour or so. That sent the Volatility Index ($VIX, +15... Read More 

Trading Places with Tom Bowley

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Financials Continue To Bounce Off Support, Market Choppy

by Tom Bowley

Market Recap for Wednesday, October 17, 2018 There was a lot of back and forth action in our major indices on Wednesday. For instance, in the span of just 2 1/2 hours, the Dow Jones lost more than 300 points, then recovered them all, moving slightly into positive territory... Read More 

Trading Places with Tom Bowley

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Dow Jones Gains Over 500 On Strong Earnings

by Tom Bowley

Market Recap for Tuesday, October 16, 2018 Wall Street welcomed a trend day to at least temporarily pause the violent downtrend we've experienced the past couple weeks. A trend day typically starts with a gap higher and then gains are extended throughout the session... Read More 

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The Yield Spread (Curve) Is Worrisome For Banks

by Tom Bowley

Market Recap for Monday, October 15, 2018 A late afternoon selling binge pushed our major indices into negative territory by the close, with the lone exception being the small cap Russell 2000 ($RUT), which avoided a relative breakdown vs. the benchmark S&P 500... Read More 

Trading Places with Tom Bowley

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History Says To Watch Those 60 Minute Charts For Bottoming Clues

by Tom Bowley

Market Recap for Friday, October 12, 2018 Finally, Wall Street saw buying pressure to end a trading session. That certainly felt great psychologically, although as I point out below, I doubt that the short-term bottom is in... Read More 

Trading Places with Tom Bowley

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Bears Retain Grip on Wall Street as Fears Grow

by Tom Bowley

Special Note I will be speaking to the Charlotte Chapter of the American Association of Individual Investors (AAII) tomorrow Saturday, October 13th at 10:00am EST. I plan to discuss how to evaluate the sustainability of a bull market, relative strength and gap trading strategies... Read More 

Trading Places with Tom Bowley

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VIX Surges 43% To Lead Major Selloff

by Tom Bowley

Special Note I will be speaking to the Charlotte Chapter of the American Association of Individual Investors (AAII) this Saturday, October 13th at 10:00am EST. I plan to discuss how to evaluate the sustainability of a bull market, relative strength and gap trading strategies... Read More 

Trading Places with Tom Bowley

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Energy Continues To Lead But Failed At Key Resistance

by Tom Bowley

Special Note I will be speaking to the Charlotte Chapter of the American Association of Individual Investors (AAII) this Saturday, October 13th at 10:00am EST. I plan to discuss how to evaluate the sustainability of a bull market, relative strength and gap trading strategies... Read More 

Trading Places with Tom Bowley

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Consumer Staples And Real Estate Lead Rally

by Tom Bowley

Market Recap for Monday, October 8, 2018 Consumer staples (XLP, +1.38%) and real estate (XLRE, +1.29%) helped to power Monday's reversal, but that was not enough to turn around the fortunes for the NASDAQ, which still dropped more than 50 points as technology (XLK, -1... Read More 

Trading Places with Tom Bowley

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VIX Hits Highest Level In 3 Months - What That Means

by Tom Bowley

Market Recap for Friday, October 5, 2018 There was good news and bad news Friday on the volatility front. The Volatility Index ($VIX) hit 17... Read More 

Trading Places with Tom Bowley

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Deep Selling Grips Wall Street, Support Levels To Watch

by Tom Bowley

Market Recap for Thursday, October 4, 2018 While we've seen plenty of market rotation over the past several months, there hasn't been much outright selling. Yesterday changed that. The NASDAQ recovered off of its intraday lows a bit to "only" close down 1.81% on the session... Read More 

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10 Year Treasury Yield Explodes To 7 Year High; Financials Lead

by Tom Bowley

Market Recap for Wednesday, October 3, 2018 The 10 year treasury yield ($TNX) did the inevitable - it closed above 3.11% and the TNX now resides at a level not seen since 2011. There will be those who say that higher interest rates will be the beginning of our next recession... Read More 

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Defensive Stocks Lead Bifurcated Market

by Tom Bowley

Market Recap for Tuesday, October 2, 2018 The Dow Jones rallied for a fourth consecutive day to close in all-time record high territory, eclipsing the previous high set on September 21st... Read More 

Trading Places with Tom Bowley

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New Trade Deal Leads Autos And Dow Jones Higher

by Tom Bowley

Market Recap for Monday, October 1, 2018 The big news was the United States, Canada and Mexico agreeing to replace the North American Free Trade Agreement (NAFTA) and automobile manufacturers ($DJUSAU, +5.84%) were the clear winners... Read More 

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This Software Company Blew Out Earnings In August, Could Be Bottoming Short-Term

by Tom Bowley

Market Recap for Friday, September 28, 2018 Friday saw very choppy action to close out the 3rd quarter. The good news is that Q3 typically represents the U.S. market's weakest quarter in terms of performance... Read More