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

On Fed Day, The Treasury Market Is Painting A Bearish Picture

by Tom Bowley

Special Event At 4:30pm EST today, I'll be joining John Hopkins, President of EarningsBeats.com, for a special "2019 Stock Market Outlook" webinar.  It's a FREE event where I'll be discussing likely market direction in 2019 and areas of the market that could benefit and those to avoid.  In addition, I'll show you how I maneuver through both my Strong Earnings and Weak Earnings ChartLists to uncover high reward-to-risk long and short trading candidates.  There are simple scans and sorting functions that will enable you to quickly zero in on money-making Read More 

Trading Places with Tom Bowley

It Was Just Another Manic Monday

by Tom Bowley

Market Recap for Monday, December 17, 2018 Every component stock in the Dow Jones Industrial Average fell on Monday as the index dropped another 500 points.  The S&P 500 lost major closing price support at 2581, crude oil ($WTIC) threatened to break below $50 per barrel, small caps ($RUT) and transports ($TRAN) extended their jaw-dropping December swoons, and railroads ($DJUSRR), a bull market leader and proxy for our domestic economy, broke to closing lows not seen since early May. In the words of the 1980s music group The Bangles, "it was just Read More 

Trading Places with Tom Bowley

S&P 500 Nearing Significant Breakdown, Bull Market Running Out Of Steam

by Tom Bowley

Market Recap for Friday, December 14, 2018 The U.S. stock market suffered another big blow to its current 9+ year bull market on Friday.  Culprits for the selling included Johnson & Johnson (JNJ, -10.30%) in the healthcare space (XLV, -3.37%), easily the worst performing sector, Adobe Systems (ADBE, -6.96%) in technology (XLK, -2.45%) after missing its bottom line EPS estimate ($1.83 vs $1.88) and Costco (COST, -8.50%) missing its earnings estimate ($1.61 vs $1.62) to lead consumer discretionary (XLY, -1.66%) and broadline retailers ($DJUSRB, -3.33%) lower.  It was Read More 

Trading Places with Tom Bowley

Here's A Bear Market Chart You Can't Afford To Miss!

by Tom Bowley

Market Recap for Thursday, December 13, 2018 The U.S. stock market attempted to stage rallies on Thursday, initially in the morning session and then again in the final hour.  But astute technicians that follow more than the headline Dow Jones and S&P 500 numbers realized it was a rally likely to fail.  Why?  Well, primarily because we're residing beneath declining 20 day EMAs and the leaders of the "rally" were utilities (XLU, +0.87%), real estate (XLRE, +0.69%) and consumer staples (XLP, +0.62%).  Defensive sectorsblech! Read More 

Trading Places with Tom Bowley

A Great Day Turns Good With Afternoon Selling; Internet Stocks Bottoming?

by Tom Bowley

Market Recap for Wednesday, December 12, 2018 The opening gap higher on Wednesday added to the recent stock market advance and the bulls stretched those early morning gains into the afternoon session.  But much of those intraday profits faded as the session wore on and an across-the-board advance really didn't feel so great by day's end.  Let's start, however, with the good news.  It was mostly a "risk-on" type of day, with leadership coming from communication services (XLC, +1.07%) and consumer discretionary (XLY, +1.05%).  Meanwhile, defensive sectors were Read More 

Trading Places with Tom Bowley

Early Gains Wiped Out As U.S. Equities Finish In Bifurcated Fashion

by Tom Bowley

Market Recap for Tuesday, December 11, 2018 Volatile action on Tuesday resulted in a bifurcated market.  The NASDAQ managed to cling to gains at the close, while the Dow Jones, S&P 500 and Russell 2000 saw early morning gains turn into losses by the close.  Leadership came mostly from defensive areas of the market as consumer staples (XLP, +0.82%), utilities (XLU, +0.41%), healthcare (XLV, +0.31%) and real estate (XLRE, +0.18%) finished atop the sector leaderboard.  Financials (XLF, -0.97%) and industrials (XLI, -0.59%) were the primary laggards.  Basic materials Read More 

Trading Places with Tom Bowley

S&P 500 Touches MAJOR Price Support; One Ingredient Missing For Bear Market

by Tom Bowley

Market Recap for Monday, December 10, 2018 Yesterday was significant for one very important technical development.  The February 2018 low close of 2582 was within a whisker on Monday as the S&P 500 hit an intraday low of 2583 before rallying strongly.  Technology (XLK, +1.38%) led the rebound, followed by communication services (XLC, +0.76%) and healthcare (XLV, +0.39%).  Energy (XLE, -1.56%) lagged badly, as did financials (XLF, -1.39%).  Let's look at that key price support test on the S&P 500: Two things stand out to me.  First, the Read More 

Trading Places with Tom Bowley

Falling Transports Lead To Further Losses On Wall Street

by Tom Bowley

Market Recap for Friday, December 7, 2018 Friday marked the end of a rough day and a rough week for U.S. equities.  Strength was found in utilities (XLU, +0.37%), the only sector to end in positive territory to close out the week.  Gold miners ($DJUSPM, +2.36%) and miners ($DJUSMG, +2.00%) helped to alleviate some of the weakness in materials (XLB, -2.41%) as those two groups benefited from a very weak performance by the U.S. Dollar Index ($USD) last week: The strengthening dollar has resulted in a weakening materials groups throughout 2018, but dollar weakness last Read More 

Trading Places with Tom Bowley

Big Recovery Temporarily Halts Slide; Nonfarm Payrolls Weak

by Tom Bowley

Market Recap for Thursday, December 6, 2018 The Dow Jones and S&P 500 were both on a crash course for key February price support until buyers re-emerged just past 11am EST.  At the low yesterday, the Dow Jones was down nearly 800 points and it had tumbled more than 1700 points since the euphoric highs on Monday after the U.S.-China trade war "cease fire" was announced.  But the Dow Jones rose 400 points in final 75 minutes of action on Thursday to finish with a meager drop of 79 points.  The NASDAQ, meanwhile, erased an earlier 175 point drop to end the session in Read More 

Trading Places with Tom Bowley

U.S. Stock Futures Plummeting; Caution Is The Word

by Tom Bowley

Market Recap for Wednesday, December 5, 2018 The U.S. stock market was closed. Pre-Market Action U.S. futures look set to continue Tuesday's rout.  The 10 year treasury yield ($TNX) is lower by 3 basis points to 2.89% as money seeks out safety in the defensive bond market.  Crude oil ($WTIC) is down 2.76% at last check as it looks poised to retest the $50 per barrel level. Asian markets were clobbered overnight, with Hong Kong's Hang Seng Index ($HSI, -2.47%) leading the charge to the downside.  There's no escaping the selling as European indices are all down more than Read More 

Subscribe to Trading Places with Tom Bowley to be notified whenever a new post is added to this blog!