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

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 

Trading Places with Tom Bowley

There's No Spooking The Bulls As Friday The 13th Results In New Record Highs

by Tom Bowley

Market Recap for Friday, October 13, 2017 There are plenty of superstitious folks out there, but apparently the majority of stock traders don't fall under that umbrella.  U.S. equities again rose on Friday with the Dow Jones, S&P 500 and NASDAQ all climbing to all-time intraday highs.  Only the NASDAQ, however, was able to finish with a record high close.  The small cap Russell 2000 failed to join its larger cap counterparts in record territory as this index battles extremely overbought conditions and its tendency to struggle during the first half of October Read More 

Trading Places with Tom Bowley

Sectors Mixed, But That Doesn't Slow Down U.S. Equities

by Tom Bowley

Market Recap for Thursday, October 12, 2017 It was certainly a bifurcated day among sectors.  Four sectors advanced, including industrials (XLI, +0.53%) and utilities (XLU, +0.52%), while five declined.  Financials (XLF, -0.76%) were hardest hit as the 10 year treasury yield ($TNX) has struggled to gain any ground since testing 2.40% yield resistance one week ago.  That helps to explain the relative weakness in financials over the past week as well. Consumer discretionary (XLY, -0.67%) was also quite weak on Thursday with gambling stocks ($DJUSCA) showing Read More 

Trading Places with Tom Bowley

Broadline Retailers Move To Two Month High To Lead Major Indices

by Tom Bowley

Market Recap for Wednesday, October 11, 2017 A strange pair - utilities (XLU, +0.43%) and technology (XLK, +0.33%) - combined to lead our major indices higher on Wednesday with the NASDAQ rising 0.25% to close at another all-time high.  Seven of the nine sectors ended the day in positive territory as only financials (XLF, -0.19%) and industrials (XLI, -0.06%) were down.  Among the major indices, only the Russell 2000 finished lower, dropping a mere 0.07%.  Overall, it was another solid day, especially considering that most indices and sectors were overbought entering the Read More 

Trading Places with Tom Bowley

Late Day Buying Sends Dow Jones Into The Record Books Again

by Tom Bowley

Market Recap for Tuesday, October 10, 2017 The Dow Jones finished 69 points higher on Tuesday to close at yet another all-time high.  It's an illustration of how equities can remain overbought for an extended period of time.  The Dow Jones moved into overbought territory (RSI 70+) 7-8 days ago, yet we've seen the Dow push higher nearly every day, rising 400 additional points in the process.  It underscores the reason why shorting is simply not an option.  Bull markets use rotation to their advantage and Tuesday was a perfect example.  Over the past month, the two Read More 

Trading Places with Tom Bowley

Specialty Retailers Flash Short-Term Sell But Long-Term Buy

by Tom Bowley

Market Recap for Monday, October 9, 2017 The U.S. major stock market indices took a breather - if you want to call it that - on Monday as the Dow Jones, S&P 500 and NASDAQ all fell less than 0.25%.  Only the Russell 2000 lost more than that, dropping 0.44%, but small caps benefited from a huge rally that began in mid-August so let's cut them a little slack.  While it may not have looked like much, the slight selling actually helped on the hourly charts as you can see below: NASDAQ: The selling did at least send the NASDAQ down to test its Read More 

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