As of 06/04/2020   Indus: 26,282 +11.93 +0.0%     Trans: 9,575 +134.48 +1.4%     Utils: 814 -17.21 -2.1%     Nasdaq: 9,616 -67.10 -0.7%     S&P 500: 3,112 -10.52 -0.3%	YTD -7.9%   -12.2%   -7.4%    +7.2%   -3.7%	Targets    Overview: 05/29/2020     27,000 or 24,000 by 06/15/2020   9,800 or 8,200 by 06/15/2020   850 or 750 by 06/15/2020   9,800 or 9,000 by 06/15/2020   3,200 or 2,850 by 06/15/2020
CPI (updated daily): on 5/15/20

As of 06/04/2020   Indus: 26,282 +11.93 +0.0%     Trans: 9,575 +134.48 +1.4%     Utils: 814 -17.21 -2.1%     Nasdaq: 9,616 -67.10 -0.7%     S&P 500: 3,112 -10.52 -0.3%	YTD -7.9%   -12.2%   -7.4%    +7.2%   -3.7%
Targets    Overview: 05/29/2020     27,000 or 24,000 by 06/15/2020   9,800 or 8,200 by 06/15/2020   850 or 750 by 06/15/2020   9,800 or 9,000 by 06/15/2020   3,200 or 2,850 by 06/15/2020
CPI (updated daily): on 5/15/20

Bulkowski's Market Review

Last updated: 1/2/2019.

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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