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

Facebook Falters After Earnings, NASDAQ Now Looks To Apple's Strong Report

by Tom Bowley

Market Recap for Thursday, November 2, 2017 Financials (XLF, +0.94%) and industrials (XLI, +0.57%) led a Dow Jones rally on Thursday.  Goldman Sachs (GS) paced the financial stocks in the Dow with more than a 1% gain, while Boeing (BA) was the best performing Dow component and the obvious leader in industrials.  It was not really a broad-based rally on Thursday, however, as the NASDAQ actually lost ground despite an early push higher in Facebook (FB) following its better-than-expected quarterly earnings report.  It was likely a "buy on rumor, sell on news" type of even for Read More 

Trading Places with Tom Bowley

Transportation Services Is A Live Case Study In Rotation After A Negative Divergence

by Tom Bowley

Market Recap for Wednesday, November 1, 2017 U.S. stocks jumped higher out of the gates at Wednesday's open, but was unable to hang onto those gains - especially on the NASDAQ.  We did see a bit of strength in the final couple hours, though, after the FOMC policy announcement stated that interest rates would remain unchanged for now with a potential rate hike in December.  Traders expect that rate hike so there was a bit of relief perhaps that no action was taken currently. Crude oil prices ($WTIC) have been on the move higher of late and yesterday's intraday high of Read More 

Trading Places with Tom Bowley

Crude Oil Threatening Break Above $55 Per Barrel; A Look At Transports

by Tom Bowley

Market Recap for Tuesday, October 31, 2017 Don't look now, but crude oil prices ($WTIC) are on the verge of moving to a 2 1/2 year high.  Energy (XLE, +0.33%) has shown life since ending its downtrend that began back in December 2016.  Rising prices in crude would help to "fuel" the space in the months ahead so keep an eye out for that breakout: Should crude clear $55 per barrel, I'd expect the recent XLE breakout and uptrend to continue. Consumer staples (XLP, +0.84%) finally performed well on Tuesday, but there's much more technical work to do in this Read More 

Trading Places with Tom Bowley

Small Caps And Healthcare Take Brunt Of Monday's Selling

by Tom Bowley

Market Recap for Monday, October 30, 2017 Weakness permeated the U.S. stock market on Monday with the small cap Russell 2000 losing more than 17 points, or 1.15%.  Other U.S. indices mostly followed suit, although the NASDAQ gave back very little from Friday's massive gains as large cap technology giants continued to perform well.  Traders in Apple (AAPL) now are gearing up for what they believe will be blowout numbers on Thursday after the close.  AAPL gained 2.25% yesterday to close at an all-time high.  Facebook (FB) reports its quarterly results on Wednesday after Read More 

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 

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