As of 09/25/2020   Indus: 27,174 +358.52 +1.3%     Trans: 11,270 +152.52 +1.4%     Utils: 808 +12.20 +1.5%     Nasdaq: 10,914 +241.29 +2.3%     S&P 500: 3,298 +51.87 +1.6%	YTD -4.8%    +3.4%   -8.1%    +21.6%    +2.1%	Targets    Overview: 09/14/2020     28,650 or 26,000 by 10/15/2020   11,750 or 10,600 by 10/01/2020   845 or 775 by 10/01/2020   11,800 or 10,400 by 10/01/2020   3,600 or 3,200 by 10/01/2020
CPI (updated daily): on 8/18/20

As of 09/25/2020   Indus: 27,174 +358.52 +1.3%     Trans: 11,270 +152.52 +1.4%     Utils: 808 +12.20 +1.5%     Nasdaq: 10,914 +241.29 +2.3%     S&P 500: 3,298 +51.87 +1.6%	YTD -4.8%    +3.4%   -8.1%    +21.6%    +2.1%
Targets    Overview: 09/14/2020     28,650 or 26,000 by 10/15/2020   11,750 or 10,600 by 10/01/2020   845 or 775 by 10/01/2020   11,800 or 10,400 by 10/01/2020   3,600 or 3,200 by 10/01/2020
CPI (updated daily): on 8/18/20

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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