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

Seven Fresh Monday Setups As We Approach The Seasonally Bullish Month Of November

by Tom Bowley

Special Note Every Monday, I provide possible short-term trade setups (today's featured setup is reflected below in the Monday Setups section).  All of these setups, along with setups from the past few weeks, can be accessed by CLICKING HERE.  If you'd like to review these setups each Monday and read my daily market recap and forecast, please subscribe at the bottom of this article.  Simply type in your email address and click on the green "Notify Me!" button and my article will be sent to your inbox every morning before the stock market opens. Read More 

Trading Places with Tom Bowley

U.S. Markets Rebound; Tokyo's Nikkei Surges Above 22000

by Tom Bowley

Market Recap for Thursday, October 26, 2017 U.S. indices spent Thursday attempting to bounce back from losses earlier in the week.  Based on that goal, it was mostly a successful day as most major indices finished with fractional gains.  The NASDAQ lagged, ending the session with a loss of 0.11%.  Most sectors were positive, although healthcare (XLV, -1.00%) was a very clear laggard.  The Dow Jones U.S. Biotechnology Index ($DJUSBT) fell slightly more than 3% and that clearly weighed on healthcare.  Health care providers ($DJUSHP, +1.19%) and medical supplies Read More 

Trading Places with Tom Bowley

Selling Engulfs Wall Street, S&P 500 Posts Largest Decline In Nearly Two Months

by Tom Bowley

Market Recap for Wednesday, October 25, 2017 It's difficult to know what to expect after U.S. equities posted their largest decline since September 5th.  I don't recall the last time we saw all nine sectors lower, but that's exactly what we saw on Wednesday.  Healthcare (XLV, -0.14%) was the best performing sector while industrials (XLI, -0.99%) were hit the hardest.  Transportation stocks ($TRAN) had a very rough day as airlines ($DJUSAR, -2.83%) and railroads ($DJUSRR, -2.67%) were the two worst performing industrial groups. Airlines fell Read More 

Trading Places with Tom Bowley

Narrow Advance Led By Dow Jones Components 3M And Caterpillar

by Tom Bowley

Market Recap for Tuesday, October 24, 2017 The Dow Jones powered to another record high close on Tuesday, finishing the session higher by 167.80 points.  Gains on the other major indices were much more modest as the Dow Jones pushed to record levels behind the strength of two components, 3M (MMM, +5.91%) and Caterpillar (CAT, +4.98%), as both companies reported better than expected earnings.  Despite this strength in key Dow component stocks, the benchmark S&P 500 struggled to hold onto its opening gains.  The S&P 500 ETF (SPY) opened slightly higher at 256.60 Read More 

Trading Places with Tom Bowley

The S&P 500's Reversal On Monday Suggests It's Topped Near-Term

by Tom Bowley

Market Recap for Monday, October 23, 2017 After early strength, Monday was a seller's market.  As you might expect on one of the more bearish days of late, defensive sectors showed renewed relative strength with utilities (XLU, +0.05%) and consumer staples (XLP, -0.07%) the two top performing sectors.  Consumer discretionary (XLY, -0.68%) and industrials (XLI, -0.63%) were hit the hardest, but the latter group's negative divergence could be problematic if selling continues.  Check out the XLI chart: Remaining overbought for a month is a problem.  We need to Read More 

Trading Places with Tom Bowley

What Happens When A Raging Bull Market Meets Hurricane-Force Historical Headwinds?

by Tom Bowley

Market Recap for Friday, October 20, 2017 Friday was a day of more all-time high closes.  It's been quite redundant, but the bulls certainly don't mind.  This time we saw leadership from aggressive areas of the market - a very bullish sign indeed.  Financials (XLF, +1.18%) and industrials (XLI, +1.08%) were on top of the sector leaderboard from Friday and they'll be looking to sustain gains this week as quarterly earnings reports accelerate. Materials (XLB, +0.86%) and technology (XLK, +0.68%) also performed extremely well to close out last week.  Skechers Read More 

Trading Places with Tom Bowley

Want To Know Which Stocks In The S&P 500/NASDAQ Perform Best In November/December? Here They Are....

by Tom Bowley

Reminder: If you enjoy my blog, please look for the green "Notify Me" button at the bottom of this article and subscribe!  Simply type in your email address and hit that button and VOILA!  You'll receive my articles the moment they're published.  And don't worry, we won't send you anything other than the blog articles that you've subscribed to receive.  Best of all?  It's completely FREE!!!  Thanks for your support.  :-) Got any comments about my articles?  How about the new "Seasonal Outlook" section below?  Send me an email at Read More 

Trading Places with Tom Bowley

U.S. Equities Power Forward Amid Very Overbought Conditions

by Tom Bowley

Market Recap for Wednesday, October 18, 2017 The Dow Jones sliced through 23000 like a hot knife through butter.  Many times, these round numbers represent a psychological challenge for traders, but that was not an issue for this bull market.  Instead, the Dow Jones soared 160 points to yet another all-time closing high.  The S&P 500 and NASDAQ followed suit, posting fresh new highs of their own.  Leadership returned to financials (XLF, +0.53%) and technology (XLK, +0.25%) as the 10 year treasury yield ($TNX) turned higher and broke its recent downtrend.  Read More 

Trading Places with Tom Bowley

Healthcare ETF Breaks Out Of Bullish Ascending Triangle Pattern, Leads U.S. Equities Higher

by Tom Bowley

Market Recap for Tuesday, October 17, 2017 Healthcare stocks (XLV, +1.34%) led the Dow Jones to yet another all-time high close as the Dow traded above 23000 on an intraday basis for the first time in its history, closing just beneath that psychological level at 22997.  It was really about the Dow Jones on Tuesday as the S&P 500 and NASDAQ both finished close to their respective flat lines and the small cap Russell 2000 fell 0.34%. Leadership on the Dow came from two healthcare stocks that reported excellent quarterly earnings results before the bell on Tuesday Read More 

Trading Places with Tom Bowley

Banks, Insurance And Apple Lift Dow Jones Near 23K

by Tom Bowley

Market Recap for Monday, October 16, 2017 In true bull market fashion, U.S. stocks rose once again in rather boring action.  The Dow Jones, S&P 500 and NASDAQ gained 0.37%, 0.18% and 0.28%, respectively, to each finish at all-time closing highs.  The record levels just keep printing amid extremely low volatity ($VIX) as stocks don't seem to have a care in the world.  We are now less than a week away from doing something on the S&P 500 that hasn't been done in the last 100 years.  In 1995-1996, the S&P 500 traded 241 consecutive days without a 3% pullback Read More 

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