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Tom Bowley

Fulton

Contributor at StockCharts

Chief Market Strategist at @earningsbeats and https://t.co/yovMS1j79t contributor.

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Articles

  • The Bottom is Here or Rapidly Approaching

    1 week ago | stockcharts.com | Tom Bowley

    I pay attention to technical support levels as the combination of price support/resistance is always my primary stock market indicator. We're in a downtrend and, in my opinion, the trading range is very, very clear on the S&P 500 right now:I think most everyone can agree that much of the selling and fear and panic can be attributed the trade war - at least much of the weakness occurred with startling tariff news.

  • S&P 500 Drops Quickly to Test Key Support Amid Rising Volatility

    3 weeks ago | stockcharts.com | Tom Bowley

    Thank You!I've been writing at StockCharts.com for nearly 20 years now and many of you have supported my company, EarningsBeats.com, and I certainly want to show my appreciation for all of your loyalty. I believe we're at a major crossroads in the stock market as the S&P 500 tests the recent price low from earlier in March. I called for a 2025 correction at our MarketVision 2025 event on January 4, 2025, to start the year and now it's a reality.

  • S&P 500 Dives After Failed Test of Price Resistance; Bears Are in Control

    3 weeks ago | stockcharts.com | Tom Bowley

    The key resistance level I've been watching on the S&P 500 hasn't wavered. It's 5782. The bulls had a real chance this past week to clear this important hurdle and they failed. Badly. If this was a heavyweight fight, the ref would have called it after the first round. It simply wasn't close. Resistance failed, rotation turned bearish, volatility again expanded, and the bears are celebrating another short-term victory. Check out this S&P 500 chart:I've written about this to EarningsBeats.com members.

  • Is the Correction Over? Or Are We Still Looking at a Bear Market?

    4 weeks ago | stockcharts.com | Tom Bowley

    The S&P 500, NASDAQ 100, and Russell 2000 fell 10.5%, 13.8%, and 19.5%, respectively, from their recent all-time highs down to their March lows. Each index paused long enough and deep enough for a correction, with the Russell 2000 nearly reaching cyclical bear market territory (-20%). At this point, there's key price resistance on the S&P 500.

  • Did Friday's Reversal Mark A Major Bottom?

    1 month ago | stockcharts.com | Tom Bowley

    The next step in the stock market will be very interesting. I've been discussing a potential Q1 correction since our MarketVision event the first week of January and it's here. The NASDAQ 100 ($NDX), from its high on February 19th (22222.61) to its low on Friday (19736.81), fell 11.19% before rallying Friday. The NASDAQ 100's correction has been reached. The small cap Russell 2000 ETF (IWM) hit a high of 244.25 on November 25th. Its low Friday was 201.73.

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Tom Bowley
Tom Bowley @TomBowley
15 Dec 23

It's always important to check out the consumer stocks, especially given that this represents two-thirds of our GDP. It's difficult to argue with a strengthening consumer discretionary ($XLY) space. https://t.co/uwrhEkxNgu

Tom Bowley
Tom Bowley @TomBowley
13 Dec 23

For those that joined me in today's LIVE trading room, I've taken profits on $LMND. My entry price, during the trading room, was 17.08 and I discussed a target of 19.00. Given that it hit 18.60, I can't pass up more than an 8% gain in just 5 hours, so I'm out.

Tom Bowley
Tom Bowley @TomBowley
13 Dec 23

RT @EarningsBeats: Join @TomBowley Tuesday-Thursday at 9 AM Eastern for his breakdown of the latest market action https://t.co/ftUHXMMZvn