As of 03/05/2021   Indus: 31,496 +572.16 +1.9%     Trans: 13,628 +408.32 +3.1%     Utils: 814 +13.86 +1.7%     Nasdaq: 12,920 +196.68 +1.5%     S&P 500: 3,842 +73.47 +1.9%	YTD  +2.9%    +9.0%   -5.9%    +0.2%    +2.3%	Targets    Overview: 02/26/2021     32,750 or 30,700 by 03/15/2021   14,500 or 12,900 by 03/15/2021   850 or 770 by 03/15/2021   14,200 or 12,700 by 03/15/2021   4,000 or 3,700 by 03/15/2021
CPI (updated daily): on 3/5/21

As of 03/05/2021   Indus: 31,496 +572.16 +1.9%     Trans: 13,628 +408.32 +3.1%     Utils: 814 +13.86 +1.7%     Nasdaq: 12,920 +196.68 +1.5%     S&P 500: 3,842 +73.47 +1.9%	YTD  +2.9%    +9.0%   -5.9%    +0.2%    +2.3%
Targets    Overview: 02/26/2021     32,750 or 30,700 by 03/15/2021   14,500 or 12,900 by 03/15/2021   850 or 770 by 03/15/2021   14,200 or 12,700 by 03/15/2021   4,000 or 3,700 by 03/15/2021
CPI (updated daily): on 3/5/21

Bulkowski's Market Review

Last updated: 1/4/2021.

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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