As of 08/03/2020   Indus: 26,664 +236.08 +0.9%     Trans: 10,012 +16.91 +0.2%     Utils: 822 -8.43 -1.0%     Nasdaq: 10,903 +157.53 +1.5%     S&P 500: 3,295 +23.49 +0.7%	YTD -6.6%   -8.2%   -6.5%    +21.5%    +2.0%	Targets    Overview: 07/31/2020     28,150 or 25,000 by 08/15/2020   10,600 or 9,400 by 08/15/2020   870 or 800 by 08/15/2020   11,300 or 10,200 by 08/15/2020   3,355 or 3,100 by 08/15/2020
CPI (updated daily): on 6/29/20

As of 08/03/2020   Indus: 26,664 +236.08 +0.9%     Trans: 10,012 +16.91 +0.2%     Utils: 822 -8.43 -1.0%     Nasdaq: 10,903 +157.53 +1.5%     S&P 500: 3,295 +23.49 +0.7%	YTD -6.6%   -8.2%   -6.5%    +21.5%    +2.0%
Targets    Overview: 07/31/2020     28,150 or 25,000 by 08/15/2020   10,600 or 9,400 by 08/15/2020   870 or 800 by 08/15/2020   11,300 or 10,200 by 08/15/2020   3,355 or 3,100 by 08/15/2020
CPI (updated daily): on 6/29/20

Bulkowski's Market Review

Last updated: 3/20/2020.

This is the main gateway for significant events in the stock market. The conclusions I draw from this analysis are these:

• If a major shock occurs that takes price down dramatically, buy soon after, perhaps within a week. This occurred on 9-11 and Black Monday (the crash of 1987). Early entry means you get in near the bottom of a fast recovery. The downside is, the recovery will be like an ugly double bottom or a dead-cat bounce -- a bounce upward with the second low above the first. That is fine so long as you get in near the low and not near the top of the bounce.
• For bear markets, like the crash of 1929, the 2000-2002 bear market, and the Covid Crash of 2020, then you have to call the bottom correctly before adding new positions. Taking your time before jumping in may mean missing a few points of the rise, but it helps avoid markets that climb some before continuing down.

This page is dedicated to Ronda Palm who gave me the idea... Thanks Ronda.

-- Thomas Bulkowski

 

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