Trading Places with Tom Bowley

Tom Bowley
About the author: co-founded Invested Central and served as the site's Chief Market Strategist for more than 10 years. His unique trading style combines both his fundamental and technical strategies to systematically manage risk while trading. A regular contributor to StockCharts.com's bi-weekly ChartWatchers newsletter since 2006, Tom's role at StockCharts has expanded significantly since he joined the company as a full-time Senior Technical Analyst in March of 2015.

Latest Posts

Trading Places with Tom Bowley

Healthcare Stocks Appear Stretched; Top Monday Trade Setup Candidates

by Tom Bowley

Market Recap for Friday, September 7, 2018 U.S. stock indices and most sectors were flat to slightly lower to close out last week.  The small cap Russell 2000 was down just 0.08%, while the Dow Jones was the biggest loser, dropping 0.30%.  Among sectors, utilities (XLU, -1.22%) was hit the hardest as the 10 year treasury yield ($TNX) surged six basis points to 2.94% after a solid August nonfarm payrolls report was released Friday morning.  The XLU appears poised to undergo further selling or consolidation: The XLU has spent the past several weeks mostly Read More 

Trading Places with Tom Bowley

I Am WILDLY Bullish Long-Term And Here's Why

by Tom Bowley

Reminder If you'd like to subscribe to my blog, simply scroll down to the bottom of this article, type in your email address and click the green "Subscribe" button.  It's completely FREE, spam-free and the best way to let me know you enjoy my daily blog articles.  Once subscribed, my blog articles will be sent immediately (at the time of publishing) to the email address provided.   As always, I appreciate your support!  :-) Market Recap for Thursday, September 6, 2018 The market was bifurcated on Thursday as the Dow Jones flexed its Read More 

Trading Places with Tom Bowley

Technology-Driven Selloff Isn't A Concern....Yet

by Tom Bowley

Market Recap for Wednesday, September 5, 2018 There were a couple things that stood out to me regarding Wednesday's action.  First, the recovery off the intraday low wasn't insignificant.  However, the stocks driving most of the recovery were in defensive areas.  Utilities (XLU, +1.40%) and consumer staples (XLP, +1.15%) were the only two sectors to gain more than 1% and both are defensive groups.  Second, while the rebound in our major indices was fairly strong after heavy first hour selling, the NASDAQ's rebound was not strong at all and the reason was clear Read More 

Trading Places with Tom Bowley

Selling In Medical Supplies Opens The Door For Entry Into This Stock

by Tom Bowley

Market Recap for Tuesday, September 4, 2018 Our major indices rallied to end the day well off their intraday lows.  All did finish in negative territory, however, as healthcare (XLV, -0.80%) and materials (XLB, -0.69%) were the weakest sectors.  The XLV was led lower by biotechs ($DJUSBT, -1.29%) and medical supplies ($DJUSMS, -1.09%).  The XLB, meanwhile, continues to carry the lowest SCTR score among the major sector ETFs and was no doubt hurt by the strengthening U.S. Dollar Index ($USD): The USD bounced the past few weeks off of trendline support and that Read More 

Trading Places with Tom Bowley

5 Monday Trade Setups As We Welcome In September

by Tom Bowley

Market Recap for Friday, August 31, 2018 Friday's action was underscored by bifurcation.  The NASDAQ and small cap Russell 2000 turned in solid gains of +0.26% and +0.48%, respectively, while the Dow Jones ended the day in negative territory.  The S&P 500 was essentially flat.  Among sectors, consumer discretionary (XLY, +0.39%) thrived and technology (XLK, +0.08%) and industrials (XLI, +0.06%) ended the week in positive territory.  But energy (XLE, -0.77%) sold off a bit after challenging its 20 day EMA and 50 day SMA last week.  Its PPO resides in Read More 

Trading Places with Tom Bowley

Biotechs Continue Their Winning Streak But Have Price Challenges Ahead

by Tom Bowley

Market Recap for Thursday, August 30, 2018 Record Wall Street action was temporarily suspended on Thursday as all of our major indices fell in the final two hours to finish the day in negative territory.  Utilities (XLU, +0.04%) managed to eke out a small gain, but the remaining sectors stalled on Thursday.  Materials (XLB, -1.18%), which came into the day as the best performing sector over the past week, was easily the day's worst.  Nearly every industry group in materials was down 1% or more with nonferrous metals ($DJUSNF) falling 3.55%.  The drop occurred right Read More 

Trading Places with Tom Bowley

Wall Street Record High Winning Streak Stretches To Four

by Tom Bowley

Market Recap for Wednesday, August 29, 2018 It was another ho-hum day of records on Wall Street with the S&P 500, NASDAQ and Russell 2000 all closing at all-time record highs for the 4th consecutive session.  The Dow Jones has yet to clear its January 2018 record high close of 26,616.71, but it's within 500 points, or just under 2%, of doing so.  At that January high, the U.S. Dollar Index ($USD) was at 88.50.  The USD is currently at 94.52, even after its two week decline.  The rise in the dollar has had its biggest negative impact on the 30 multinational Read More 

Trading Places with Tom Bowley

Retail Strength Is Likely Just Beginning

by Tom Bowley

Market Recap for Tuesday, August 28, 2018 U.S. stocks extended their winning streak deeper into record territory on Tuesday.  The S&P 500 closed in record territory for the third consecutive session.  While the gain was very slight (+0.03%), it still keeps the bulls in charge - at least for now.  We also saw the other major indices finish with fractional gains as consumer discretionary (XLY, +0.20%) and technology (XLK, +0.17%) helped to pace the small advance.  It was truly a day of consolidation as even the worst sectors - energy (XLE, -0.43%) and materials (XLB Read More 

Trading Places with Tom Bowley

It's Looking Like You Want To Be Overweight Two Key Sectors Now

by Tom Bowley

Market Recap for Monday, August 27, 2018 It was an all-around solid day on Wall Street to begin the final week of August.  And it all occurred on Monday, which historically has been the worst calendar day of the week, particularly Mondays that fall during the second half of calendar months.  But technical conditions trump all things historical and on Friday we saw the S&P 500, NASDAQ and Russell 2000 close at all-time highs.  Buyers were ready and willing at the open yesterday and I only saw one negative as the day progressed.  All four major indices finished with Read More 

Trading Places with Tom Bowley

Software Stocks Soar On Solid Earnings, S&P 500 Sets Record High

by Tom Bowley

Market Recap for Friday, August 24, 2018 The boring stock market months of July, August and September just got a lot more exciting.  Yesterday, the benchmark S&P 500 did something it's never done before.  It closed above 2873.  The NASDAQ and Russell 2000 also closed at record highs on Friday, although they both had done so in recent months while the S&P 500 slowly made its way higher to test its January closing high. Materials (XLB, +1.30%) were buoyed no doubt by a dollar ($USD) that fell for the sixth time in the past seven sessions.  The dollar drop Read More 

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