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

This NASDAQ Support Zone Is Important And Needs To Hold

by Tom Bowley

Market Recap for Friday, September 21, 2018 Bifurcation was once again apparent on Wall Street to close out last week.  The Dow Jones was able to finish higher and extend its trek into record high territory, while the S&P 500 was essentially flat.  The NASDAQ and Russell 2000, however, were met with sellers and both closed down fairly significantly - 0.51% and 0.46%, respectively. The problem, clearly, was that three aggressive sectors struggled simultaneously.  Consumer discretionary (XLY, -0.44%), technology (XLK, -0.39%) and financials (XLF, -0.39%) led Read More 

Trading Places with Tom Bowley

Can You Correctly Answer This Historical Tendencies Trivia Question? I Doubt It

by Tom Bowley

Market Recap for Thursday, September 20, 2018 Dow Jones, welcome to the party!  It's been eight months since the Dow Jones could say it closed in record all-time high territory, but that's what happened at yesterday's close.  The Dow Jones joined the S&P 500, NASDAQ and Russell 2000, all of which have regularly been producing record high closes.  While the NASDAQ and Russell 2000 both enjoyed gains yesterday of approximately 1%, they have more work to do to get back into record high territory.  I don't believe it'll take too long, however, as we're Read More 

Trading Places with Tom Bowley

Traders Are High On Cannabis Stocks, But Life Insurance Is the Safer Bet

by Tom Bowley

Market Recap for Wednesday, September 19, 2018 The biggest news stories technically-speaking yesterday were the breakout in financials (XLF, +1.70%) and the rising 10 year treasury yield ($TNX), which closed at 3.08% and is just 3 basis points from testing a 7 year high.  But September 19, 2018 will likely be remembered more for the wild trading day for cannabis stocks.  One of the most visible, Tilray (TLRY), went on a ride that would have impressed any amusement park enthusiast.  TLRY's CEO Brendan Kennedy joined Jim Cramer on CNBC's Mad Money Tuesday evening and Read More 

Trading Places with Tom Bowley

Rising Treasury Yields Portend Much Higher S&P 500, But Short-Term....

by Tom Bowley

Market Recap for Tuesday, September 18, 2018 It was a solid day on Wall Street.  One day after seeing weakness in key areas like technology, consumer discretionary and tranportation stocks and the increasing historical likelihood of further downside action, stocks rebounded.in a big way.  Leading the charge were our aggressive sectors - consumer discretionary (XLY, +1.27%), industrials (XLI, +0.91%), and technology (XLK, +0.64%).  Energy (XLE, +0.66%) also had a strong session, but failed at short-term price resistance: The bounce off 72 price support Read More 

Trading Places with Tom Bowley

Technology Is Teetering; How Much More Selling Is Healthy?

by Tom Bowley

Market Recap for Monday, September 17, 2018 Selling in technology (XLK, -1.25%) and consumer discretionary (XLY, -1.24%) resulted in losses across our major indices on Monday.  The NASDAQ, understandably, felt the brunt of the selling as this tech-laden index dropped 1.43%.  The Russell 2000 ($RUT) suffered the most technical damage, shedding more than 1% to close beneath its recent breakout level: Earlier this year (January and March) when we had multiple tops form resistance, the break above resulted in solid support during the profit taking period that ensued.  In Read More 

Trading Places with Tom Bowley

Now We Head Into The Most Bearish Half Of September

by Tom Bowley

Market Recap for Friday, September 14, 2018 The NASDAQ struggled on Friday, while the Dow Jones and S&P 500 managed to finish with slight, fractional gains.  The Russell 2000 was the clear outperformer, a bullish development as the U.S. Dollar Index ($USD) bounced off its recent price support level near 94.50: Losing short-term price and trendline support in the 94.40-94.50 level could be problematic for small caps, but the bounce on Friday at least gave the small cap bulls reason to buy. Financials (XLF, +0.71%), energy (XLE, +0.53%) and industrials (XLI Read More 

Trading Places with Tom Bowley

Biotechs, Computer Hardware, And Semiconductors Among Leaders On Thursday

by Tom Bowley

Market Recap for Thursday, September 13, 2018 Thursday was a strong day for U.S. equities aside from lackluster performance from small caps (Russell 2000).  The NASDAQ led the rally, gaining 0.75% as a rebound in biotechs ($DJUSBT) and semiconductors ($DJUSSC) provided some confidence for traders in those two areas, especially the latter: I'm reprinting the DJUSSC chart from yesterday, but highlighting a couple different indicators - the Accumulation/Distribution Line (AD Line) and On Balance Volume (OBV).  While price action has been consolidating sideways the past Read More 

Trading Places with Tom Bowley

Would The Real Semiconductor Group Please Stand Up?

by Tom Bowley

Market Recap for Wednesday, September 12, 2018 It was a day of bifurcation as it's difficult to sustain a rally when your two worst sectors are financials (XLF, -0.92%) and technology (XLK, -0.42%).  As you might expect, relative weakness was found on the NASDAQ and Russell 2000 as technology shares weighed, particularly those in internet ($DJUSNS, -1.63%) and semiconductors ($DJUSSC, -1.20%) areas.  The good news, however, is that the DJUSSC rallied off what could have been a significant breakdown, holding onto price support instead: The overall Read More 

Trading Places with Tom Bowley

AAPL And AMZN Rebound, But Will Facebook Deliver Another Internet Blow?

by Tom Bowley

Market Recap for Tuesday, September 11, 2018 All of our major indices finished the day higher, although there was little back and forth action.  The Dow Jones traded in a 50 point range most of the afternoon.  Still, higher is higher.  Strength on Tuesday came from three sectors - energy (XLE, +0.95%), technology (XLK, +0.85%) and consumer discretionary (XLY, +0.80%).  Two notable NASDAQ companies bounced off key rising 20 day EMA support, as I would expect.  The first is Apple, Inc. (AAPL): The blue directional lines show that as AAPL's price was Read More 

Trading Places with Tom Bowley

Industrials Hit 6 Month High To Lead; Get A Copy Of My Strong Earnings ChartList

by Tom Bowley

Special Offer If you would like a copy of my Strong Earnings ChartList, simply follow these steps and I'll send it to you: 1.  You MUST be a paid Extra or Pro member of StockCharts.com as that's the only way you can download my ChartList.  If you're unsure of your account service level, click on the "Your Account" tab in the upper right hand corner when you're on the SC.com home page.  At the very top of the Your Account page under Membership Details, you'll find your service level.  That must say either Extra or Pro.  If it says Basic, you will need to Read More 

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