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 Superfecta: All Four Major Indices Print All-Time Record Highs

by Tom Bowley

Market Recap for Tuesday, November 21, 2017 I am traveling for the Thanksgiving Day holiday, so today's article will be brief.  I hope everyone has a very Happy Thanksgiving!  Enjoy your family and friends and please be safe.  :-) It was a very bullish day on Wall Street yesterday.  Not only did we see all four of our major indices climb to touch all-time highs on an intraday basis, but they also closed there.  In addition, all nine sectors advanced on the session.  That is typically a sign of new money driving prices higher, a bullish development Read More 

Trading Places with Tom Bowley

Financials And Industrials Lead As Slowing Momentum Issues Subside

by Tom Bowley

Market Recap for Monday, November 20, 2017 It had been awhile since financials (XLF, +0.46%) and industrials (XLI, +0.45%) were the top two performing sectors during a market session, but that's exactly what we saw on Monday.  Welcome back!  Both the XLF and XLI had serious momentum issues to deal with on their daily charts as they made their recent price highs.  But profit taking and market rotation took care of that and both of these groups now appear poised to rejoin the bull market party. XLF: We do need to respect a potential short-term Read More 

Trading Places with Tom Bowley

Friday: The Tale Of Two Markets

by Tom Bowley

Market Recap for Friday, November 17, 2017 It was an interesting day on Friday.  While most of our major indices struggled and finished in negative territory with the Dow Jones, S&P 500 and NASDAQ falling 0.43%, 0.26% and 0.15%, respectively, the Russell 2000 continued its torrid advance of late, rising another 0.40%.  The Russell 2000 had lagged the other major indices quite significantly from early October through last Tuesday, but it reversed just as it approached key price, moving average and Fibonacci support at 1450 on Wednesday.  It then embarked on a three day Read More 

Trading Places with Tom Bowley

Russell 2000 Soars After Nearing Initial Fibonacci Retracement Level

by Tom Bowley

Market Recap for Thursday, November 16, 2017 U.S. indices spiked sharply higher on Thursday's open in contrast to many recent days where the bulls have found themselves underwater in early action, trying to reclaim control of the action throughout the balance of the session.  Yesterday, there wasn't a battle.  The bulls won decidedly and with one day of solid gains, the benchmark S&P 500 is within earshot of 2600 and another all-time high.  But the big winner among the major indices was the Russell 2000 ($RUT, +1.56%), whose swift march higher reversed several days' Read More 

Trading Places with Tom Bowley

Selling Grips Wall Street, Key Moving Average Lost

by Tom Bowley

Market Recap for Wednesday, November 15, 2017 Eight of nine sectors lost ground on Wednesday and while that, along with a couple major indices closing beneath their respective 20 day EMAs, might be cause for concern, I actually thought much of the action was bullish.  First and foremost, the tech-heavy NASDAQ was able to rally enough in the afternoon to end with a kick save, printing a reversing candle in the process: The candle that formed yesterday on the NASDAQ is a doji, a short-term reversing candle that suggests indecision on the part of traders.  Many times, following a Read More 

Trading Places with Tom Bowley

Technology Weakening, But How Much Selling Might We Expect?

by Tom Bowley

Market Recap for Tuesday, November 14, 2017 For the third time in the last four days, we saw U.S. equities gap lower, only to reverse intraday to close near their highs of the session.  It's still resulted in losses for the day, but it also shows the bull market resiliency that the bears are facing as they try to grab control of the near-term action.  We're seeing fairly significant red futures once again this morning so the bulls will once again attempt to reclaim support by day's end. All of our key indices finished lower on the session with the S&P 500 Read More 

Trading Places with Tom Bowley

Industrials Are Teaching Us How To Evaluate Risk....If We'll Listen

by Tom Bowley

Reminder If you enjoy my blog, be sure to subscribe at the bottom of this article!  Just type in your email address and click on the green "Notify Me!" button.  My articles will then be sent to your email immediately upon publishing!  It's 100% free and you won't be spammed.  Thanks and best of luck with your trading! Market Recap for Monday, November 13, 2017 Monday marked more rotation from the overbought and momentum-challenged aggressive sectors to the more defensive-oriented groups.  The current short-term rotation as the benchmark S&P 500 consolidates Read More 

Trading Places with Tom Bowley

Consumer Staples Finish Off Strong Week, Hold Trendline Support

by Tom Bowley

Market Recap for Friday, November 10, 2017 Generally speaking, I'm not a big fan of defensive areas leading the market to the upside.  But I'll make an exception for last week.  Consumer staples (XLP, +1.02%) was not only the clear leader on Friday, but it's weekly gain of 2.15% also easily vaulted the XLP into a leadership role for the week.  Why was the XLP's strength last week so important?  Well, first take a look at the weekly chart: Trend lines can be drawn in many different ways to support an argument so I do take them relatively lightly.  There Read More 

Trading Places with Tom Bowley

Early Losses Result In Successful Moving Average Tests; Overbought Conditions Unwinding

by Tom Bowley

Market Recap for Thursday, November 9, 2017 Energy (XLE, +0.30%) returned to the top of the leaderboard and this is what's likely to irritate the bears in the future.  We now have another sector that's technical capable to take on new money as money rotates elsewhere.  It's the beauty of a bull market.  Wide participation means a lot of choices.  The problems begin when breakdowns occur in several areas and money can't find a new technical home.  Consumer discretionary (XLY, +0.15%) also had a solid day considering the overall market weakness as its recent Read More 

Trading Places with Tom Bowley

Futures Down Sharply; The 9th Calendar Day Of Month Strikes Again

by Tom Bowley

Market Recap for Wednesday, November 8, 2017 It was another day of records for most of our major indices with the Dow Jones, S&P 500 and NASDAQ all closing at their highest levels ever.  Consumer staples (XLP, +1.09%) led the advance and I feature this group in the Sector/Industry Watch section below, showing how it's recovered nicely following a recent breakdown in price action. Technology (XLK, +0.55%) also had a very nice session with mobile telecommunications ($DJUSWC, +1.10%) among the strongest industry groups on Wednesday.  The DJUSWC really needed a day like this Read More 

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