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

The Dow Jones Ends Its 2018 Winning Streak.....Barely

by Tom Bowley

Market Recap for Monday, January 8, 2018 After mostly a weak start on Monday, our major indices resumed their bullish ways and finished with positive returns.  The lone exception was the Dow Jones, which dropped 13 points to end its impressive winning streak to open 2018.  Weakness in Unitedhealth Group (UNH), Goldman Sachs (GS), Walt Disney (DIS) and General Electric (GE) held back an otherwise strong Dow Jones.  Caterpillar (CAT) rose another 2.5% yesterday and is off to a stellar start in 2018. Biotechnology ($DJUSBT) pulled back to test its rising Read More 

Trading Places with Tom Bowley

No Jobs? No Problem! U.S. Equities Soar Despite Weak Report

by Tom Bowley

Market Recap for Friday, January 5, 2018 Not even a disappointing jobs report on Friday could slow down this bull market train.  U.S. futures were strong before the release of December's nonfarm payrolls and they didn't give up a thing after the release, which showed that jobs were reported at 148,000, well short of the 191,000 forecast.  The bond market did initially react as you might expect - with a quick drop in the 10 year treasury yield ($TNX) as soon as the weak jobs report hit the wires.  Check it out on a 5 minute intraday chart: Read More 

Trading Places with Tom Bowley

Global Markets Rally, U.S. Futures Higher; Nonfarm Payrolls On Deck

by Tom Bowley

Market Recap for Thursday, January 4, 2018 Where's the top?  Who knows and the bulls don't seem to care.  As of Wednesday, the Dow Jones was left out as the only index not to clear a psychological or significant price level for the first time ever in 2018.  No worries, though, we can now cross that off the market's "To Do" list as the Dow Jones closed above 25,000 yesterday for the first time ever, rising another 152 points in the process. Financials (XLF, +0.93%) and materials (XLB, +0.87%) led the charge on Thursday, with utilities (XLU, -0.83%) once Read More 

Trading Places with Tom Bowley

Here's A Must-Own Industry Group For 2018 And A Very Bullish Relative Breakout

by Tom Bowley

Market Recap for Wednesday, January 3, 2018 We're only two trading days into 2018 and already we've seen the S&P 500's first close ever over 2500, the NASDAQ's first close ever above 7000, the Russell 2000's first close ever above 1550.  Dow, where art thou?  Well, the Dow Jones may need another day before exceeding 25,000 for the first time ever.  Let's give the Dow a little wiggle room.  After all, the Dow surged past 22,000 in September, 23,000 in October and 24,000 in November.  That index missed the thousand point train in December, but looks to Read More 

Trading Places with Tom Bowley

Bulls Open 2018 With A Party Like It's 1999

by Tom Bowley

Market Recap for Tuesday, January 2, 2018 The NASDAQ loves January and January loves the NASDAQ.  If there's one month where the NASDAQ really shines on a relative basis, it's January (see Historical Tendencies below) and that index opened the new year like it owns January.  It was a very solid day across most areas, but the NASDAQ's 1.50% push higher easily outperformed its index peers and it also enabled the index to do something it's never done before - close above 7000.  It wasn't too long ago when we wondered if the NASDAQ would ever reach those year 2000 Read More 

Trading Places with Tom Bowley

Here's One Chart That Screams BUY As We Begin 2018

by Tom Bowley

Special Note First, I'd like to wish everyone a Happy New Year!  Let's make 2018 our best yet!  Here are a couple of quick reminders: (1) If you like my Trading Places blog and you'd like to follow my articles every morning, scroll down to the bottom of this article, type in your e-mail address and click on the green "Notify Me!" button.  You'll then become a (FREE!) subscriber and my article will be sent to the email address you provide IMMEDIATELY after I publish it. As always, thanks for your loyalty and readership, it's much appreciated! Read More 

Trading Places with Tom Bowley

New Years Resolutions For Traders

by Tom Bowley

Special Note Happy New Year to all and thanks so much for your support of me and StockCharts.com in 2017 (and please subscribe at the bottom of my article - it's FREE!).  If you're not a member, your first resolution should be to become one.  There's not a better time than now, before the holiday special ends!  It's FREE to begin your one month trial.  Just keep in mind that you'll have to extend your membership with an annual extension by December 31st in order to get your two additional free months that are currently being offered.  It's a great deal and an Read More 

Trading Places with Tom Bowley

Technology Stocks Set To Lead Year End Rally

by Tom Bowley

Market Recap for Wednesday, December 27, 2017 Wednesday's action was characterized by thin volume and low volatility, normal for trading during the holidays.  Our major indices moved fractionally higher, with the Russell 2000 ($RUT) being the exception after that index fell during the afternoon session to finish slightly lower. Utilities (XLU, +0.42%) benefited from falling treasury yields and very oversold short-term conditions to log the biggest gain among sectors.  On the other end of the spectrum, the most overbought sector - energy (XLE, -0.33%) - saw a bit of profit Read More 

Trading Places with Tom Bowley

What Industry Will Lead The Stock Market In 2018? You Might Be Surprised....

by Tom Bowley

Market Recap for Tuesday, December 26, 2017 Energy stocks (XLE, +0.88%) continued their merry way higher, which really isn't surprising after the sector made a very significant price breakout above the 70 level.  With an RSI approaching the 80 level now, however, I wouldn't be surprised to see a bit of consolidation, or even profit taking, with money rotating to other areas for a bit.  Here's the current look at the XLE: Price action has been very strong and price momentum (MACD) is accelerating as well - a very bullish combination.  Pullbacks are likely to be Read More 

Trading Places with Tom Bowley

Time For Another Santa Claus Rally?

by Tom Bowley

Market Recap for Friday, December 22, 2017 The major indices all fell back slightly during Friday's pre-Christmas holiday, light volume trading session.  Materials (XLB, +0.38%) was the best performing sector, while healthcare (XLV, -0.32% and financials (XLF, -0.28%) lagged. The 10 year treasury yield ($TNX) continues to trade in sideways fashion after breaking above 7-8 month highs near 2.47%.  I'll be watching to see if the current pattern confirms an island cluster reversal, which would increase the odds of at least a short-term decline in treasury yields.  That would Read More 

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