Tom Bowley

Chief Market Strategist at @earningsbeats and contributor.

[Tom Bowley @TomBowley]

The first @EarningsBeats Fantasy Stock Draft is in the books! Thanks to @GraysonRoze and @RRGresearch for joining me, and a special thanks to the @StockCharts #SCTR for joining as our 4th team.

🥇Who has the best portfolio?
🤯Who has the strongest stock over the next 90 days?

Watch the full draft now, and set a reminder for February 6th when we find out who drafted the strongest portfolio.

https://t.co/GRbM1h6QG3

[Tom Bowley @TomBowley]

It's draft week! I'm getting ready to go head to head with @GraysonRoze and @RRGresearch this Saturday at 10 AM Eastern

Register for free: https://t.co/ATLlnWe4PQ

[StockCharts.com @StockCharts]

🔥 The competition is heating up, and @GraysonRoze is sharing how he plans to take down his competition in the upcoming Stock Draft against @TomBowley & @RRGresearch. Who do you think will win?

📆 Nov 15
⏰ 10 AM EST
🎟️ Free registration: https://t.co/ubwEloZ52t

[Tom Bowley @TomBowley]

In my Daily Market Report on Thursday, I wrote to our @EarningsBeats members and I said that we were looking at a sentiment indicator that suggested that we were about to reverse. I told everyone to do what you needed to do to lessen the risk, lessen exposure.

If you want to see the chart that we sent to members explaining why we were getting more and more cautious and more nervous, sign up for our free newsletter and we'll show you on Monday morning in the EB Digest.

https://t.co/6TleccdPD0

[Tom Bowley @TomBowley]

Last week, we saw the highest number of companies reporting quarterly results and things will now begin to slow down. However, here at EarningsBeats, we're speeding towards our next Portfolio DRAFT Day.

https://t.co/qyduoiTrkX

[Earnings Beats @EarningsBeats]

If @TomBowley could be granted one wish in the stock market, it would be to see every key bottom in price.

Unfortunately, none of us are blessed with that super power, but we do get some hints, like what we are seeing in $ENPH

https://t.co/19bVT4dkY1

[Tom Bowley @TomBowley]

I am a big fan of the small caps right now, because I believe there'll be heavy rotation towards this asset class if I'm right about the Fed cutting rates and doing so sooner rather than later.

After determining how much I want to risk in small caps, I then have the decision to make between the $IWM and the $TNA. When I believe the potential reward significantly outweighs the potential risk, then I want to move money from the $IWM to the $TNA. When the opposite is true, I'd much rather be invested in the $IWM than the $TNA.

Hopefully, that makes sense.

[Tom Bowley @TomBowley]

@EarningsBeats It's a good thing I don't need to sing for a living

[Tom Bowley @TomBowley]

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.

[Tom Bowley @TomBowley]

$TSLA is scheduled to report earnings on January 24th. Again, maybe I'm a tad early, but I'll take my chances - it's one of my favorite stocks to trade.

[Tom Bowley @TomBowley]

I might be slightly premature, but I bought $TSLA earlier today. I loved yesterday's candle. It appeared as though $TSLA might be making a significant breakdown. Instead, we saw a big reversal on heavy volume, even clearing the 20-day EMA on the close.

[Tom Bowley @TomBowley]

Today, we're following that reversal up with more bullish action. A close above the November high would be extremely bullish as it would also clear the downtrend line since July. And $TSLA has a very strong history of starting a run higher 4-5 weeks before its earnings.

[Tom Bowley @TomBowley]

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 @TomBowley]

We'll be opening registration for #MarketVision2024 soon, follow me to learn how you can attend!

[Tom Bowley @TomBowley]

At our #MarketVision event on January 7th, 2023, I said I could see the $SPX ending the year at 4700. Just closed at 4707

https://t.co/fCXNla3mzR

[Earnings Beats @EarningsBeats]

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

[Tom Bowley @TomBowley]

I would not be at all shocked to see a 5% short-term selloff on SPY/QQQ. Some individual stocks could get hit harder.

[Tom Bowley @TomBowley]

The combination of max pain, put call ratio, and negative divergences makes me think we could have a very difficult week or two ahead.

https://t.co/O0ok3Qm3Lp

[Tom Bowley @TomBowley]

I can look at nearly any stock and come up with a quick reason why I should buy it or short it.

But it's much more important to find MULTIPLE reasons to support your position.

https://t.co/whhBtasxrn

[Tom Bowley @TomBowley]

I can look at nearly any stock and come up with a quick reason why I should buy it or short it.

But it's much more important to find MULTIPLE reasons to support your position.

https://t.co/whhBtasxrn